After suffering a big dip in 2020 due to reduced operations during the coronavirus pandemic, the equipment rental market size in the United States recovered in 2021, growing by three percent to 47.8 billion U.S. dollars. By 2024, the U.S. equipment rental market is expected to exceed the peak level recorded in 2019.
U.S. equipment rental market size from 2000 to 2025 (in billion U.S. dollars)*
Characteristic
Market size in billion U.S. dollars
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* Includes the following segments: construction and industrial, general tool, and party tools.
** Figures are projections and have been calculated by Statista based on the percentage growth provided by the source.
Figures prior to 2020 were taken from a previous release which can be accessed on page 13 here.
2021 data was taken from this press release. Figure for 2020 was calculated by Statista based on the growth percentage provided by the source.
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Statista. (April 6, 2022). U.S. equipment rental market size from 2000 to 2025 (in billion U.S. dollars)* [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/248725/us-equipment-rental-market-size/
Statista. "U.S. equipment rental market size from 2000 to 2025 (in billion U.S. dollars)*." Chart. April 6, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/248725/us-equipment-rental-market-size/
Statista. (2022). U.S. equipment rental market size from 2000 to 2025 (in billion U.S. dollars)*. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/248725/us-equipment-rental-market-size/
Statista. "U.S. Equipment Rental Market Size from 2000 to 2025 (in Billion U.S. Dollars)*." Statista, Statista Inc., 6 Apr 2022, https://www.statista.com/statistics/248725/us-equipment-rental-market-size/
Statista, U.S. equipment rental market size from 2000 to 2025 (in billion U.S. dollars)* Statista, https://www.statista.com/statistics/248725/us-equipment-rental-market-size/ (last visited July 22, 2024)
U.S. equipment rental market size from 2000 to 2025 (in billion U.S. dollars)* [Graph], Statista, April 6, 2022. [Online]. Available: https://www.statista.com/statistics/248725/us-equipment-rental-market-size/
