Industrial equipment and services franchises fulfill a valuable business niche for consumers, as well as industry professionals who can’t yet justify the expense of a certain equipment purchase. Providing a range of tools and equipment to fill the needs of both large and small projects in the home and workplace, an industrial equipment and services franchise can capitalize on the many one-off jobs that pop up in day to day life.
Did You Know?
The global market for medical equipment rentals is expected to reach $70 billion by 2024.
SOURCE: SOURCE: Global Industry Analysts
In 2017, the global construction equipment market was projected to be $192 billion.
SOURCE: SOURCE: IHS; Capgemini
In 2021, the equipment rental market in the U.S. is forecasted to be about $59.4 billion.
SOURCE: SOURCE: American Rental Association; IHS Global Insight
The general tool rental segment is projected to grow at a compound annual growth rate of 6.1%.
SOURCE: SOURCE: American Rental Association; IHS Global Insight
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