Industrial Tool & Equipment Rental
Rental companies supplying portable power tools and industrial equipment.
Market snapshot
These figures describe Equipment Rental & Leasing (5.9.2), the segment that Industrial Tool & Equipment Rental sits within — not Industrial Tool & Equipment Rental on its own.
- Market size
- ~$83B
- Growth
- ~7.4%CAGR (2017–22, nominal)
- Companies
- ~17,000
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 532412 (construction/mining/forestry equipment rental) + 532490 (other industrial equipment rental) + 532310 (general rental centers).
Business model & economics
Revenue model
Equipment rental and leasing fees on owned fleet
Key economics
- Recurring revenue
- Moderate–High
- EBITDA margin
- Strong
- Capex intensity
- High
recurring rental and repeat customers
high-utilization fleet economics
Characteristics
- Led by United Rentals, Sunbelt, Herc.
- Secular shift from owning to renting equipment.
- Fleet scale and branch density key advantages.
Geographic concentration
Industrial equipment rental and leasing concentrates in the energy and resource states — North Dakota, Louisiana, Wyoming, and Oklahoma — where drilling and heavy construction drive rental demand.
U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 532412. Concentration shown by location quotient.
M&A deal context
Who’s acquiring
- National rental strategics
- PE-backed rental platforms
- Regional & specialty consolidators
What’s driving deals
- Aggressive roll-up of regional rental operators.
- Rising rental-penetration secular shift.
- Specialty-fleet and geographic expansion.
Find Industrial Tool & Equipment Rental acquisition targets
Search Acquisera’s index for companies classified under Industrial Tool & Equipment Rental (5.9.2.2) and build a targeted deal pipeline.
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