The American rental industry has been growing at an unprecedented rate; more than triple that of the general economy according to a report by the American Rental Association. Renting equipment, tools, and home furnishings allows homeowners and businesses to finish the job without the need to invest in equipment that may not get used again. With projected investments in the rental market estimated to reach $14.3 billion at the end of 2015, here is some information on what to expect when renting.
Entertainment and Party Rental
When it comes to planning an event like birthday parties, graduations, or even weddings, every detail needs to be perfect. Many party planners choose party equipment rental companies for all of their chair, linen, and party table rentals. Outdoor weddings are becoming increasingly popular as 35% of all weddings are now outdoor affairs that may require tents or scaffolding rentals. Inflatable outdoor party rentals are becoming increasingly popular for children’s birthday parties as well — a standard bouncy castle will take no more than 20 minutes to set up and five minutes to inflate, so the kids can get bouncing in no time!
Industrial Construction Rental
Although many construction businesses have their own vehicles and equipment, sometimes a job requires some specialized equipment. Around 51% of new construction equipment eventually become rental tools. Construction businesses generally only buy equipment that will be used in 60 to 70% of jobs, anything that gets used less is usually rented. Since rentals can be for any length of time, large pieces like scaffolding or scissor lifts can be used for extended periods of time by the same company. For any sized job, make sure you have all of the right equipment. For everything else, there’s bound to be a rental location near you to help you get the big jobs done.