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Industrial Equipment Rental & Leasing in the US Industry Data and Analysis
The Industrial Equipment Rental and Leasing industry has enjoyed notable changes and strong growth, catalyzed by an increased frequency of severe weather and climate disasters. Industries, municipalities and contractors are sourcing equipment like generators, pumps, cranes and climate control systems on short notice rather than owning assets, resulting in unprecedented demand for rental fleets. This has prompted companies to modernize their operations to accommodate unpredictable demand. Rental companies in this industry collaborate with organizations and agencies like FEMA for large-scale disaster relief; these companies also deploy advanced technologies like enabled fleet management systems enabled by the Internet of Things to efficiently manage this growing demand. Industry revenue is estimated to climb at a CAGR of 6.7% to $56.6 billion through the end of 2025, and is set to gain 4.7% in 2025 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Industrial Equipment Rental & Leasing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.
About this industry
What's this industry report about?
The Industrial Equipment Rental & Leasing industry in the United States operates under the NAICS industry code 53249. This industry includes enterprises that primarily rent or lease nonconsumer machinery and equipment (except heavy construction, transportation, mining and forestry machinery and office equipment). Related terms covered in the Industrial Equipment Rental & Leasing industry in the United States include lease, rent, nonemployer and offshore.
What's included in this industry?
Products and services covered in Industrial Equipment Rental & Leasing industry in the United States include General industrial equipment rental, Light construction equipment rental and Medical equipment rental .
What companies are included in this industry?
Companies covered in the Industrial Equipment Rental & Leasing industry in the United States include United Rentals, Inc., Sunbelt Rentals Exchange Inc. and Herc Holdings Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Industrial Equipment Rental & Leasing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Industrial Equipment Rental & Leasing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Industrial Equipment Rental & Leasing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Industrial Equipment Rental & Leasing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Industrial Equipment Rental & Leasing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Industrial Equipment Rental & Leasing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Industrial Equipment Rental & Leasing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Industrial Equipment Rental & Leasing industry in the United States.
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Frequently Asked Questions
What is the market size of the Industrial Equipment Rental & Leasing industry in the United States in 2026?
The market size of the Industrial Equipment Rental & Leasing industry in the United States is $56.6bn in 2026.
How many businesses are there in the Industrial Equipment Rental & Leasing industry in the United States in 2025?
There are 5,500 businesses in the Industrial Equipment Rental & Leasing industry in the United States, which has grown at a CAGR of 2.1 % between 2020 and 2025.
How may import tariffs affect the Industrial Equipment Rental & Leasing industry in the United States?
The Industrial Equipment Rental & Leasing industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Industrial Equipment Rental & Leasing industry in the United States?
The Industrial Equipment Rental & Leasing industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Industrial Equipment Rental & Leasing industry in the United States grown or declined over the past 5 years?
The market size of the Industrial Equipment Rental & Leasing industry in the United States has been growing at a CAGR of 6.7 % between 2020 and 2025.
What is the forecast growth of the Industrial Equipment Rental & Leasing industry in the United States over the next 5 years?
Over the next five years, the Industrial Equipment Rental & Leasing industry in the United States is expected to grow.
What are the biggest companies in the Industrial Equipment Rental & Leasing industry in the United States?
The biggest companies operating in the Industrial Equipment Rental & Leasing industry in the United States are United Rentals, Inc., Sunbelt Rentals Exchange Inc. and Herc Holdings Inc.
What does the Industrial Equipment Rental & Leasing industry in the United States include?
General industrial equipment rental and Light construction equipment rental are part of the Industrial Equipment Rental & Leasing industry in the United States.
Which companies have the highest market share in the Industrial Equipment Rental & Leasing industry in the United States?
The company holding the most market share in the Industrial Equipment Rental & Leasing industry in the United States is United Rentals, Inc..
How competitive is the Industrial Equipment Rental & Leasing industry in the United States?
The level of competition is high and increasing in the Industrial Equipment Rental & Leasing industry in the United States.
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