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Tool & Equipment Rental in Maryland

Author.Name IBISWorld United States Last Updated: August 2025 NAICS MD53231

Tool & Equipment Rental in Maryland industry analysis

The Tool & Equipment Rental industry in Maryland is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x% to $x.x million, while the national industry is expected to grow x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Tool & Equipment Rental in Maryland Market Research Report

What’s Included in the Tool & Equipment Rental in Maryland Market Research Report

Definition of the Tool & Equipment Rental in Maryland?

This industry comprises companies that primarily rent tools and small- to medium-size pieces of equipment, including contractors’ and builders’ tools and equipment and home maintenance tools for a short period of time. Enterprises that primarily focus on other rentals such as trucks and trailers without drivers, party and banquet equipment and personal and household goods are all excluded from this industry.

What’s included in the Tool & Equipment Rental in Maryland?

The Tool & Equipment Rental in Maryland includes contractor equipment, home tools and diy equipment rental, renting consumer goods, other equipment rentals and delivery, repair and other services. Related terms covered in the Tool & Equipment Rental in Maryland industry report includes an industry operator with one location and no employees (e.g. a sole proprietor), a project in which a consumer does the work themselves instead of hiring a professional contractor and equipment used to raise workers or materials to work sites.

Industry Performance of the Tool & Equipment Rental industry in Maryland

Benchmark the Tool & Equipment Rental in Maryland industry performance with all MD county and national performance.

Tool & Equipment Rental in Maryland

#22 in Highest Revenue 1.5% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Tool & Equipment Rental in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Tool & Equipment Rental industry in Maryland

See how key industry drivers, such as population, private investment in non-residential construction, house price index, value of residential construction, per capita disposable income and housing starts are impacting Tool & Equipment Rental in Maryland

Maryland Economic Indicators

Population
Private Investment in Non-Residential Construction
House Price Index

View more economic information in MD State Economic profile

US Key External Drivers

Value of residential construction
Per capita disposable income
Housing starts

For the full list of industry drivers, see report purchase options.

County Data of the Tool & Equipment Rental industry in Maryland

Access proprietary data on county in the Tool & Equipment Rental in Maryland, such as Baltimore County, Montgomery County and Prince George's County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Tool & Equipment Rental industry in Maryland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Tool & Equipment Rental industry in Maryland in 2025?

The market size of the Tool & Equipment Rental industry in Maryland is $82.4m in 2025.

How many businesses are there in the Tool & Equipment Rental industry in Maryland in 2025?

There are 138 businesses in the Tool & Equipment Rental industry in Maryland, which has been growing at an average annual rate of 0.7% from 2020 to 2025.

Has the Tool & Equipment Rental industry in Maryland grown or declined over the past 5 years?

The market size of the Tool & Equipment Rental industry in Maryland has been growing at an average annual rate of 0.9% from 2020 to 2025.

How many employees in the Tool & Equipment Rental industry in Maryland in 2025?

There are 390 employees in the Tool & Equipment Rental industry in Maryland, which has been declining at an average annual rate of -1.6% from 2020 to 2025.