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Industrial Equipment Rental & Leasing in Rhode Island

Author.Name IBISWorld United States Last Updated: August 2025 NAICS RI53249

Industrial Equipment Rental & Leasing in Rhode Island industry analysis

The Industrial Equipment Rental & Leasing industry in Rhode Island 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 xx locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have increased an annualized x% to $x.x million.

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

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About the Industrial Equipment Rental & Leasing in Rhode Island Market Research Report

What’s Included in the Industrial Equipment Rental & Leasing in Rhode Island Market Research Report

Definition of the Industrial Equipment Rental & Leasing in Rhode Island?

This industry includes enterprises that primarily rent or lease nonconsumer machinery and equipment (except heavy construction, transportation, mining and forestry machinery and office equipment).

What’s included in the Industrial Equipment Rental & Leasing in Rhode Island?

The Industrial Equipment Rental & Leasing in Rhode Island includes general industrial equipment rental, light construction equipment rental, medical equipment rental, audiovisual equipment rental, industrial energy equipment and pumps rental, theatrical and motion picture rental and retail sales, product delivery and repair. Related terms covered in the Industrial Equipment Rental & Leasing in Rhode Island industry report includes a contract granting the use of property during a specified period in exchange for a specified rent, a payment made at specified intervals in return for the right to use the property of another, an individual operator with one location and no paid staff and the relocation of a company's business process, such as manufacturing or accounting, from one country to another.

Industry Performance of the Industrial Equipment Rental & Leasing industry in Rhode Island

Benchmark the Industrial Equipment Rental & Leasing in Rhode Island industry performance with all RI county and national performance.

Industrial Equipment Rental & Leasing in Rhode Island

#46 in Highest Revenue 0.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Industrial Equipment Rental & Leasing 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 Industrial Equipment Rental & Leasing industry in Rhode Island

See how key industry drivers, such as population, private investment in residential construction, house price index, private investment in industrial equipment and machinery, private investment in computers and software and private investment in manufacturing structures are impacting Industrial Equipment Rental & Leasing in Rhode Island

Rhode Island Economic Indicators

Population
Private Investment in Residential Construction
House Price Index

View more economic information in RI State Economic profile

US Key External Drivers

Private investment in industrial equipment and machinery
Private investment in computers and software
Private investment in manufacturing structures

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

County Data of the Industrial Equipment Rental & Leasing industry in Rhode Island

Access proprietary data on county in the Industrial Equipment Rental & Leasing in Rhode Island, such as Providence County, Kent County and Newport County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Industrial Equipment Rental & Leasing industry in Rhode Island

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 Industrial Equipment Rental & Leasing industry in Rhode Island in 2025?

The market size of the Industrial Equipment Rental & Leasing industry in Rhode Island is $54.5m in 2025.

How many businesses are there in the Industrial Equipment Rental & Leasing industry in Rhode Island in 2025?

There are 23 businesses in the Industrial Equipment Rental & Leasing industry in Rhode Island, which has been growing at an average annual rate of 1.8% from 2020 to 2025.

Has the Industrial Equipment Rental & Leasing industry in Rhode Island grown or declined over the past 5 years?

The market size of the Industrial Equipment Rental & Leasing industry in Rhode Island has been growing at an average annual rate of 6.7% from 2020 to 2025.

How many employees in the Industrial Equipment Rental & Leasing industry in Rhode Island in 2025?

There are 141 employees in the Industrial Equipment Rental & Leasing industry in Rhode Island, which has been declining at an average annual rate of -0.8% from 2020 to 2025.