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Tool & Equipment Rental in Rhode Island

Author.Name IBISWorld United States Last Updated: August 2025 NAICS RI53231

Tool & Equipment Rental in Rhode Island industry analysis

The Tool & Equipment Rental industry in Rhode Island 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 increased an annualized x.x% to xx workers, while industry wages have increased an annualized x.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%. Industry establishments are forecast to grow x.x% to xx 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 Rhode Island Market Research Report

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

Definition of the Tool & Equipment Rental in Rhode Island?

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 Rhode Island?

The Tool & Equipment Rental in Rhode Island 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 Rhode Island 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 Rhode Island

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

Tool & Equipment Rental in Rhode Island

#45 in Highest Revenue 0.3% 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 Rhode Island

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

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 Rhode Island

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

Key Statistics of the Tool & Equipment Rental 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 Tool & Equipment Rental industry in Rhode Island in 2025?

The market size of the Tool & Equipment Rental industry in Rhode Island is $14.7m in 2025.

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

There are 43 businesses in the Tool & Equipment Rental industry in Rhode Island, which has been growing at an average annual rate of 5.4% from 2020 to 2025.

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

The market size of the Tool & Equipment Rental industry in Rhode Island has been declining at an average annual rate of -1.4% from 2020 to 2025.

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

There are 95 employees in the Tool & Equipment Rental industry in Rhode Island, which has been growing at an average annual rate of 3.2% from 2020 to 2025.