The majority of companies in the industry still have fewer than 5 employees. Around 40 of the 100 largest equipment rental companies in the world are European. The industry has moved from mostly family-owned small businesses to the creation of a number of international groups, some of which have an annual turnover over €1billion. In Europe alone there are over 17,000 equipment rental companies and the industry is now growing quickly in other areas of the world, including the Middle East, Latin America and Asia. Consolidation was slow in the 2000s but a buyout joined the two largest North American rental companies: United Rentals and RSC. It emerged in the UK after the First World War and has now become a multi-billion euro business providing a wide range of construction and industrial equipment for customers globally.The American Rental Association was founded as early as 1955, and the first waves of consolidation took place in the 1970s in North America, leading to the creation of companies with nationwide operations. 5.2 Location of the branch(s) or depot(s)Įquipment rental is a relatively new industry, first developed in Anglo-Saxon countries.4.6 Falsework, formwork and groundworks.4.3 Powered access, forklifts & telehandlers. ![]() 3.3.1 Carbon footprint of construction equipment.2 Equipment rental market - key figures.
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