Posted By:Infra Bazaar
The Rental Equipment industry is going strong in the year 2015 and is providing unexpected improvement to the construction economy. The complete rental volume of top 5 rental companies is about $17.7 billion and expected to grow around 15% compared to last year 2014, While the equipment rental industry is still explode in many ways, the 5 largest companies accounted for close to half of the industry’s volume.
United Rentals, Inc: United Rentals is the largest equipment rental company in the world, present at about 880 rental locations throughout the United States and Canada. The United Rentals, Inc Company founded in 1997 by Bradley Jacobs, with seven others, provides need based rental services including industrial and construction companies, municipalities, utilities, and to home owners. Additionally the company offers new and used equipment sales, safety training along with 24/7 service and support.
Sunbelt Rentals: Sunbelt Rentals is the second largest equipment rental company in the world, its rental volume is about 25.7%. It is active in acquisitions: acquired Rentalex in Kalamazoo, Mich, Wilson Rental Center in Corning in Corning NY. Sunbelt rentals entered into the Canadian market with GWG rentals and currently the company is in 6 locations across Western Canada and also operating in 8 different locations in Texas oil region.
Hertz Equipment Rental Corp: Hertz Equipment Rental founded by Mark Frissora, in 2014 makes about $1.2 billion revenue. About 13% increment when compared to the 2010. The management has attributed this increase to improved pricing, increased cost - management initiatives and volume.
Home Depot Rentals: The Home Depot Company was primarily into compact power equipment service. Its sales boosted last year to about 280 Home Depot stores in 17 states. The Home Depot rentals have various equipments like mini- excavators, trenchers, mini skid steers, aerial lifts, stump grinders and many more.
Aggreko North America: Aggreko has generated about $2 billion in worldwide in 2014; its turnover has increased by 13.5% when compared to the year 2010. Aggreko’s profits have been jumped by about 8.6% reaching $534.4 million compared to the year 2011. The company was fueled largely by power projects.