Industrial Equipment & Services Franchises

Industrial equipment and services franchises fulfill a valuable business niche for consumers, as well as industry professionals who can’t yet justify the expense of a certain equipment purchase. Providing a range of tools and equipment to fill the needs of both large and small projects in the home and workplace, an industrial equipment and services franchise can capitalize on the many one-off jobs that pop up in day to day life.

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Did You Know?

The global market for medical equipment rentals is expected to reach $70 billion by 2024.

SOURCE:
SOURCE: Global Industry Analysts
In 2017, the global construction equipment market was projected to be $192 billion.

SOURCE:
SOURCE: IHS; Capgemini
In 2021, the equipment rental market in the U.S. is forecasted to be about $59.4 billion.

SOURCE:
SOURCE: American Rental Association; IHS Global Insight
The general tool rental segment is projected to grow at a compound annual growth rate of 6.1%.

SOURCE:
SOURCE: American Rental Association; IHS Global Insight

Industry Info Available Franchises

Types of Industrial Equipment & Services Franchises

From industrial equipment for construction jobs to specialized devices or even electronics, there are a wide variety of options available for the savvy entrepreneur interested in exploring this franchise category. Industrial equipment rental franchises provide the specialized tools and materials that businesses and consumers require for certain jobs, but that they may not need long term. The category can even include franchises that focus on medical equipment rentals or businesses that rent party items.

Why Consider Industrial Equipment & Services Franchises

The options for industrial equipment and services franchises are vast and limited only to what your particular market can support. From machines and tools used for everything from construction to healthcare, this franchise category provides a great deal of flexibility for the right entrepreneur. You can adapt your offerings to your community or your area of expertise. The key is proper research into the needs of your surroundings, to see what venture will have the best chance of thriving.