Flourishing demand for Electronics Products Rentals Industry

Flourishing demand for Electronics Products Rentals Industry

Equipment rental, also known as plant rental in some countries (e.g. the UK), is a service industry that provides machines, equipment and tools of all types and sizes (from earthmoving to powered access, from power generation to handheld tools etc.).) for a limited period of time to end users, mainly building contractors, but also to industry and individual consumers. Renting can be defined as obtaining equipment for a temporary purpose to help people who are unwilling to purchase the equipment.

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Leading players of Electronics Products Rentals Industry:

A2 Computers, ABCOMRENTS, Flexitrent, GSE Audio Visual, Hamilton Rentals, Meeting Tomorrow, Mr Rental, Radio Rentals, Red Cherry Computer Rentals, Rent-A-Center

Equipment rental is a relatively new industry that was first developed in Anglo-Saxon countries. It originated in Great Britain after the First World War and has now grown into a billion-dollar business offering a wide range of construction and industrial equipment to customers around the world. The American Rental Association was founded in 1955 and triggered the first waves of consolidation. It took place in North America in the 1970s and led to the establishment of companies with national operations. Consolidation was slow in the 2000s, but a buyout joined the two largest North American rental companies: United Rentals and RSC.

Europe has been catching up since the 1980s. There are over 17,000 equipment rental companies in Europe alone, and the industry is now growing rapidly in other regions of the world, including the Middle East, Latin America, and Asia. The industry has grown from mostly family-owned small businesses to the creation of a number of international groups, some of which have annual sales in excess of € 1 billion.

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