General Construction Products & Machinery

Tool Rental: Market Size, Growth & Forecast to 2030

The Tool Rental market is valued at about $12.7 billion (2026) and is projected to grow at a 4.1% CAGR through 2030. The largest cost driver is Equipment depreciation and fleet replacement capital expenditure (40% of spend). North America leads demand at 45%.

Market size
$12.7 bn (2026)
CAGR to 2030
+4.1%
Buyer power
Favours buyers
Tracked suppliers
1200

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.1% CAGR.

1221151071001002026104.12027108.42028112.82029117.42030122.32031

Cost structure

Equipment depreciation and fleet replacement capital expenditure
40%
Labor including maintenance technicians and branch operations
25%
Logistics delivery and fleet transportation fuel
15%
Facility overhead and rental branch maintenance
10%
Insurance and risk management liabilities
10%

Regional demand split

North America demand
45%
Europe demand
25%
Asia Pacific demand
20%
Rest of world demand
10%

Key suppliers

United Rentals IncAshtead Group plc Sunbelt RentalsHerc Rentals IncLoxam SASH&E Equipment Services IncAktio Corp
Read the full Tool Rental report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/tool-rental