Compact Power Equipment Rental Market Size and Forecast, 2014-2020

Compact power equipment includes all tools required for lighter construction jobs. The equipment is small in size and used in developing products with more ease and convenience. These compact power tools are of several types, such as engine-driven power tools, electric power tools and pneumatic power tools. They are used for various operations, such as drilling, polishing, woodwork routing and screw driving.

Compact tools are primarily used for construction related jobs. These tools are used at construction sites for activities like drilling, hammering, cutting, grinding, washing and blowing of the equipment’s. Compact power tools are light-weighted, small in size, easy to handle and transport. However, they are more complex to handle than the commonly used hand tools, requires skilled labour, and regular maintenance to avoid tool wear.

Global compact power tools rental market is expected to grow at a steady rate, as the demand for power tools are on the rise in developing countries. Drivers responsible for the growth of power tools rental market include an increasing demand for fast accomplishment of projects and increasing infrastructural development activities at developing regions like Asia, where construction companies rent the tools from power tool companies as they cannot afford to invest in power equipment. The challenges ahead include continuous maintenance and high cost of equipment. Many a time, clients who borrow equipment from companies, damage the tools, which is also a major concern for the power tool rental market.

Segmentation of compact power tools market is done on the basis of types and geography. Compact tools are of various types like electric power tools, engine-driven power tools and pneumatic power tools. Wherein electric power tool includes cordless tools, drilling & demolition, screw-fastening tools, direct fastening tools, cutting/sawing/grinding tools, dust extractors, glue and heat guns, high pressure washers and blowers ....