Mobile Menu

Tool & Equipment Rental in North Dakota

Author.Name IBISWorld United States Last Updated: August 2025 NAICS ND53231

Tool & Equipment Rental in North Dakota industry analysis

The Tool & Equipment Rental industry in North Dakota is expected to decline 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 xx locations. Industry employment has decreased an annualized -x.x% to xx 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.x% to $x.x million, while the national industry is expected to grow x%. Industry establishments are forecast to grow x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to xx workers, while industry wages are forecast to increase x% to $x.x million.

Unbiased research for even more industries at your fingertips

  • 5000+Industries covered
  • 100+Local analysts
  • 250k+Hours of detailed analysis
  • 100k+Subscriber community

Purchase a membership to access this industry and so much more.

About the Tool & Equipment Rental in North Dakota Market Research Report

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

Definition of the Tool & Equipment Rental in North Dakota?

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 North Dakota?

The Tool & Equipment Rental in North Dakota 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 North Dakota 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 North Dakota

Benchmark the Tool & Equipment Rental in North Dakota industry performance with all ND county and national performance.

Tool & Equipment Rental in North Dakota

#49 in Highest Revenue 0.1% 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 North Dakota

See how key industry drivers, such as private investment in residential construction, net migration, house price index, value of residential construction, per capita disposable income and housing starts are impacting Tool & Equipment Rental in North Dakota

North Dakota Economic Indicators

Private Investment in Residential Construction
Net Migration
House Price Index

View more economic information in ND 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 North Dakota

Access proprietary data on county in the Tool & Equipment Rental in North Dakota, such as Stutsman County, Mckenzie County and Cass County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Tool & Equipment Rental industry in North Dakota

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

Need a deeper insight?
Get a free tour.

Free Tour

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

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

The market size of the Tool & Equipment Rental industry in North Dakota is $7.3m in 2025.

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

There are 42 businesses in the Tool & Equipment Rental industry in North Dakota, which has been growing at an average annual rate of 0.5% from 2020 to 2025.

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

The market size of the Tool & Equipment Rental industry in North Dakota has been declining at an average annual rate of -3.4% from 2020 to 2025.

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

There are 75 employees in the Tool & Equipment Rental industry in North Dakota, which has been declining at an average annual rate of -0.8% from 2020 to 2025.