Best 50 Equipment Rental Business Ideas and Opportunities
- Party supply rental
Most people don’t throw parties that often. most families throw parties three times or less per year. therefore, they prefer to rent party supplies such as advertising tables, chairs, cutlery, and other items since they will not be needed most of the time. Buying these items means they will only take up so much of your living and storage space, and spend a lot of money that could be spent on other things.
The party supply rental industry offers a range of equipment and supplies for home and business events. operators provide tableware, linens, tables, chairs, tents, catering equipment, birthday party supplies, decorations, helium tanks, and other miscellaneous party-related items.
- Car rental
Some people can drive but they just haven’t got enough money to buy their own cars. Such people, when the need arises, rent cars from car rental services.
Similarly, specialty vehicles, such as trucks, tow trucks, tow trucks, and ambulances, are also leased by individuals and companies that need them but can’t afford to buy or maintain them. The car rental industry has changed gears in the last five years, growing strongly after being forced back during the recession.
- Dumpster rental
This industry rents containers of different sizes to residential and commercial customers. Container rental companies typically deliver containers to specific locations and pick them up at specific times. This industry does not include revenue generated from waste disposal activities, even though most companies in this industry are vertically integrated and offer a wide range of waste management solutions.
- Apartment rental
Operators in this industry act as those who are called the ‘lassoer’ of buildings used as residences or homes. Industry participants are ties owners of residential buildings and establishments who rent real estate and then act as ties by subletting it to others. In addition to apartment rentals, the industry also includes single-family homes and townhomes.
Apartments are rental units located within buildings or complexes with five or more units, while the townhome segment of the industry includes properties with two to four units and the single-family home sector is comprised of traditional homes and mobile homes or manufactured for rent.
- Portable toilet rental
This industry rents out toilets to customers for specific periods These customers include construction companies, live venue service providers, and on-site remediation service operators.
After a steep decline during the recession; The industry has steadily recovered in line with the improving housing market and increased construction activity. Homeowners and businesses have increased investment in construction over the last five years, causing construction operators to undertake new projects, which has increased the demand for portable toilets.
- Medical equipment rental
Companies in this industry rent and lease medical equipment to institutional clients. This industry specifically excludes companies that primarily rent and lease medical equipment to home care customers. The medical equipment rental industry is scattered throughout the United States.
However, the largest markets tend to be in areas with large consumer markets, such as the southeastern and western regions of the United States. Industry operators tend to locate in areas close to their core customer markets, such as hospitals, nursing facilities, physicians, and other health care facilities, to minimize transportation costs and provide on-demand equipment rental
- Rail car rental
Companies operating in this industry rent or lease rail cars to customers who move goods through the railroads. Renting or leasing rail cars allows downstream customers to avoid incurring the capital costs of purchasing a rail car from a manufacturer.
The rail vehicle rental and leasing industry is in a mature stage of its life cycle. Over the 10 years to 2021, industry value added (VAT), which measures the industry’s contribution to the overall economy, is forecast to grow at an annualized 6.9%.
- Office furniture rental
This industry rents office furniture for large and small businesses. Furniture rental includes tables, chairs, desks, cabinets, and more. The office furniture rental industry is driven by various macroeconomic factors, such as the number of businesses and the unemployment rate, which are expected to improve in the five years to 2018.
As these factors improve, the demand for office furniture will increase, thereby increasing the industry’s revenue. Looking ahead, industry revenues are projected to increase as the number of businesses grows, thus providing a larger pool of businesses for operators to serve.
- Cinema and theater equipment rental
The motion picture and theatrical equipment rental industry are made up of operators who rent equipment for both film production and live performance. The artists who participate in these types of productions generally do not have all the equipment they need for each project.
Capturing every scene in every film or performance piece requires a varying number of individual settings and staging specifications. To meet these requirements for the short duration of a film or performance production, these performers often rent rather than purchase this equipment.
- Rental of pallets and skids
This industry rents pallets to downstream markets for the storage and transportation of goods. After use, the pallets and skids are returned to industry operators for cleaning and repair. services are included in the total revenue of this industry.
Although paddles and skids differ slightly in their construction and purposes, the words are mostly interchangeable. Cargo volumes and total trade value have increased, increasing the demand for pallets and skids used in the transport and storage of goods. The industry has benefited from a growing number of companies using pallet rental programs instead of purchasing pallets.
- Rental of tools and equipment
This industry includes companies that rent primarily small- to medium-sized tools and equipment, including contractor and builder tools and equipment (for example, professional lawnmowers or cultivators) and home maintenance tools (for example, pressure washers).
Truck and trailer rentals without drivers, party and banquet equipment, personal and household items, and heavy construction equipment without operators are excluded from this industry. With annual revenues of $5 billion, this industry is a very lucrative livelihood.
- Heavy equipment rental
Industry operators rent or lease heavy construction, off-highway transport, mining, and forestry machinery and equipment without operators. Operators in this industry may rent or lease products, including steamboats, tugs, bulldozers, earth-moving equipment, cranes, or well-drilling machinery and equipment. This business idea according to IBISWorld’s an annual growth of 3.5%.
- Rental of household appliances and appliances
Companies in this industry rent or lease electronics and appliances, including DVD players, refrigerators, computers, stoves, and televisions. Most industry transactions are conducted through lease-purchase agreements that allow customers to take possession of merchandise after an agreed-upon rental period.
- Formal wear and wardrobe rental
Establishments in this industry primarily rent apparel such as formal wear, costumes, and other garments to final consumers. This industry does not include companies that primarily sell these items.
- Rental of chairs and tables
Chair and table rental is an essential aspect of the party planning and entertainment industry. Small and large-scale events such as baby showers, birthday parties, weddings, reunions, conferences, family reunions, and school gatherings require seating for guests.
Event planners and organizers should secure enough tables and chairs to accommodate the number of guests planning to attend their functions. Since buying tables and chairs is expensive, event planners and organizers turn to rental facilities. You can start a chair and table rental business and offer your rentals to local event planners.
- Heating and air conditioning rental business
When portable heating and cooling started to take off, it wasn’t because a new product came along and revolutionized the market, or because the products received huge publicity for a reason. it was because manufacturers and distributors evolved the market.
By deciding to offer portable heating and cooling units for rent, the market expanded and continues to grow to the popularity it has today. This industry comprises businesses that primarily rent, install, and service heating, ventilation, air conditioning (HVAC), and refrigeration equipment.
- Artificial flower rental business
Flowers and trees can beautify the surroundings. Many people love to grow flowers and trees, but not everyone has a so-called ‘green thumb’. Because of this, it would be better to sell artificial flowers and trees. you can sell artificial products and do rental business at the same time.
Flowers are required on different occasions like birthdays, weddings, and anniversaries. in some places, artificial trees are required and are also often used in special programs. You can expect to have a huge market for this type of business and you need to be equipped with the right knowledge.
- Arcade game rental business
People love games, whether they are young or old. Today, arcade games are available in more than 20,000 versions and provide excellent entertainment for almost any occasion. An arcade game rental business is a great way to make money. With the right plan and the right capital, you are sure to succeed.
Arcade games can use tokens and tickets, making them ideal for various parties, carnivals, corporate events, fundraisers, church festivals, and private parties. You need to make connections in your local area so you can easily attract clients and get referrals. The first thing to do is develop a plan. A detailed business plan can be used to secure financing.
- Audio equipment rental
Launching the audio equipment and supplies rental business is your ticket to having a good and stable business if you do it right. If you are planning to start audio equipment and supplies rental business, you have two options: start your own or take advantage of a franchise opportunity (when available).
- Baby furniture hire and rental business
The great thing about a baby furniture rental and leasing business is that you can start at home. Savvy travelers are looking for quality, clean baby furniture and if your company can meet safety guidelines, you can meet the needs of these travelers. Statistics reveal that 1% of hotel rooms are occupied by families with a baby. however, the baby furniture provided by these hotels does not meet the safety requirements most of the time.
- Bingo equipment rental business
When starting the bingo equipment rental business, you must have the necessary materials, in this case, bingo equipment. The financial aspect is not a big concern. Like other rental services, you should have enough items to post for your customers’ consideration.
You should be aware that those materials can already be rented. As for a bingo equipment rental business, you can easily find ready-made bingo equipment. it is usually found in any collection because many groups find board games like bingo so much fun.
- Boat rental business
Sailing at home is a fun and exciting way to spend the holidays. Gone are the times when this type of activity can only be enjoyed by wealthy people who own a houseboat. These days, anyone can enjoy this kind of adventure, anyone with vacation money and vacation time.
There are two ways one can go into a boathouse rental business. one is owning a houseboat and renting it out for others to rent. The other way doesn’t require you to own a boathouse, but it does require you to know the people who do and are willing to rent their boat to others.
- Book rental
Most people read novels and other books only once. similarly, students only need most of their textbooks for the duration of the academic session. most of the books people buy become useless after 4 years, tops. This explains why renting books helps save more money and storage space.
Keep in mind that people will be interested in renting popular books and that these books should be heavy-duty or long-lasting. however, since you will be starting the business, at least have these books clean and well-covered!
- Camera and accessory rental business
Any type of business can be difficult to establish. Start-up is always the hardest because there are so many things to tackle like a business plan, market research, capital, location, etc. This is also true with a camera equipment rental business. This type of business requires significant capital because you will need to obtain adequate inventory. Camera equipment maintenance is vital to providing customers with quality, durable items.
- Carpet Shampoo Cleaning Machine Rental Business
Starting a carpet cleaning shampoo machine rental business is a great way to make money. Start-up costs are not that high and you are sure to be successful, especially if you have a business plan in place. Before proceeding, you need to learn about carpet shampooing machines. These machines can help remove stains, allergens, and dust.
- Conference room rental business
Do you have extra space that you can rent? Most businesses and companies today are using every office space they have. therefore, most of them are looking for a conference room that they can use. Technically, a conference room is just a simple room with furniture and fixtures. Most business and corporate people use it to plan and strategize for further growth and revenue.
- Electric wheelchair rental business
Power wheelchairs are wheelchairs that use gears and belts. are used by elderly or disabled people. When opening an electric wheelchair rental business, there are a few things that need to be considered such as existing companies that provide the same service. Choosing the right power wheelchair models could also be considered an advantage over competitors.
- Gas cylinder rental business
A trademark of a great entrepreneur is being able to create fresh, innovative products, but in these uncertain times, entrepreneurs are sometimes better off sticking to proven manufactured products. Gas cylinders are in immense need and that is the main reason why your rental business is in demand in today’s market.
Compressed gas cylinders are in great demand in the field of education and scientific research. There are several kinds of cylinders used in universities: the refillable type and the non-refillable type. Non-refillable cylinders are made up of reading bottles and disposable cylinders.
In contrast, the refillable type of gas cylinder is supplied by gas retailers who are normally strong and cover a standard two hundred cubic feet of compressed gas. This is supplied on a rental basis from the gas filling station.
- Appliance rental business
Companies in the industry rent appliances and electronic equipment (except computers) to consumers and businesses. the industry excludes operators that primarily sell these products at retail. As the standard of living has risen and more people have sought to enhance their lifestyles with the latest and most innovative consumer products, the demand for home appliances has grown in the last five years.
- Multimedia projector rental business
If you want to start a multimedia projector rental business, you need to study the existing competition first. determine the products and devices you need to offer. study the prices of the relevant companies so that you can also offer the correct price.
Multimedia projectors can be expensive and since businesses don’t use them often, it’s much better to rent these devices. With this in mind, don’t you think starting a multimedia projector rental business is a great way to make money?
- Popcorn machine rental business
There are many business opportunities that you can try these days and one is a popcorn machine rental business. The machines come in various designs and constructions and you can offer them to customers. With this type of business, you will need to create a business plan. You need considerable startup capital as you will be purchasing multiple machines, renting retail space, and purchasing other store essentials.
- Airline leasing and rental business
This industry of commercial aircraft and private jets to regular airlines, individuals, companies, and other commercial carriers. The carrier (lessee) pays the industry operator (laser) for the use of the aircraft for a certain period or a few years according to the lease or rental agreement.
- Sports and fitness equipment rental
If you live in a place where seasonal sports like skating or snowboarding are popular, you can make a lot of money by renting the equipment for these sports, since people can participate in those sports activities once a year and prefer to rent them than buy them. Similarly, people rent exercise machines like treadmills. therefore, you may want to consider renting treadmills and other exercise equipment, as long as there is a large local market.
- Ski rental business
If you have any knowledge or interest in snow skiing, then the ski rental business will be an ideal adventure for you. Anyone vacationing near Colorado or Europe will want to rent a ski boot, ski jacket, ski pants, ski balloon, or complete ski gear.
Skis are a big deal not only for people who live in areas where skiing is available, but also for tourists who have tried the sport as a recreational activity during vacations and have grown to love it, and tourists who want to try the adventure for the first time. to ski
Ski rentals make skiing reasonably affordable for tourists by providing ski equipment that is quite expensive, especially if it is to be used only rarely. Ski rental shops have provided tourists with the ski essentials they need for years.
- Bike rental business
The bike rental industry has been a popular business for years. it would not be surprising if you decide to enter the trade as well. The industry has its tricks of the trade that it would be beneficial to have an awareness and knowledge of. You can only get this important information from someone who is experienced in the trade and essentially a potential competitor.
There are plenty of bike rental entrepreneurs who would be willing to discuss the business with you, but finding them will take quite a bit of time. If you live in a place where private transportation is rare or a place small enough that cars cannot get through, leaving bicycles and motorcycles as the only means of transportation, this business is the perfect opportunity for you.
- Yard sign rental business
The Yard sign rental business is among the most in-demand businesses these days because it is so lucrative. With this, you can have the opportunity to earn a large amount of profit that can be used to fund your future needs and wants. Before setting up your own business, you must know a few things about business. This is to guide you accordingly, especially on how you can run the business efficiently.
- Wedding rental business
It will be a great opportunity for you to make lucrative negotiations with the couples to be married. Weddings have been one of the most memorable occasions that we can go down memory lane. most of us would even plan before our marriage ceremony to make it the most memorable of all memories. Of course, there are also other people whose dreams are to make their dream wedding come true.
Perhaps, you are one of the many people who are starting the wedding rental business; although this is no longer a surprise because there is a high demand for wedding rentals every year. Before anything else, you need to equip yourself with the things that are needed to form a wedding rental business.
- Canoe rental business
Starting a canoe rental business is one of the few businesses that need to be expensive and difficult to operate. If you have decided to go into this type of business, there are several operating arrangements to choose from. The first alternative is to provide canoes to beachfront hotels; marinas etc and split rental income.
The second option is to rent a shoreline location for your charter business or the third you can stay in your location and rent your canoes by advertising your services through the local media. your choice will depend on how much control you want over your business. When starting a canoe business there is something you need to pay attention to.
First, choose your location. The ideal locations for a canoe rental business are slow-moving bodies of water. if you live near one, then it’s better because you don’t need to rent a location. you must assign a start and endpoint that at least allows two or more hours of canoe travel.
- Motorcycle rental business
One of the big hits in the business industry today is the scooter rental business. It is a very lucrative type of business as most people find scooters to be fun and easy to ride. It can be seen that many people in vacation places use the scooter as a means of transportation, especially the female species.
If you are interested in creating and establishing a scooter rental business, you must be willing to work hard to achieve it. Also, if you are going to start in a particular tourist spot, your efforts will be in high demand in peak seasons. but don’t let your enthusiasm for this because your efforts won’t go to waste.
- Atv rental business
There is no doubt that driving an ATV or ATV is fun and exhilarating. who wouldn’t want to experience riding an off-roader and speeding through sand, hills, and rough terrain? This has been the selling point of riding an ATV and many people hope that at some point during their vacation to a beach or park, they will be able to explore these sites with an ATV.
If you are following the unique experience of driving an ATV to a tourist, then you have probably thought about the potential of this as a means of starting an ATV rental business. The capital can be huge because you have to buy several ATVs to rent, but the possibility of earning a large income is excellent since you do not need to offer what is waiting for your potential clients when they travel in your ATVs.
- Kiosk rental business
Most people would like to open a retail store. Having your kiosk is a blessing because this is a quick way to earn income. But did you know that you can also start your kiosk rental business? the world is dominated by big retailers; the newsstand business is in the trend. This is the kind of business where your niche is everywhere and everywhere.
You will be able to place your kiosk in any convenient place and in any place where there are many customers. retailing is a quick way to earn your income. Through this kiosk retail business, you will not only be able to experience but learn from the world of business. Its small size could save your business.
- Iridium phone rental business
An iridium phone is a satellite phone that gives the user the ability to make phone calls even in areas where there is no telecommunications service provider. When starting an iridium phone rental business, it is very important to know how much capital you will be able to give.
Since iridium phones are specialized phones that have satellite functions, they are expected to cost comparatively higher than normal cell phones. Iridium phones are also known as satellite phones that can receive a signal from anywhere in the world. Iridium phones are commonly used by travelers, pilots, or anyone going to places where there are no signs of phone service.
- Bounce house rental business
Starting a bounce house rental business involves several things that need to be considered such as where your business should operate and the brand of the bounce house itself. When starting any type of business, it is important to consider your profitability given the amount of capital you will be able to provide. Your capital will be a factor in determining the quality of the bounce house you want to purchase.
- Horse rental business
One of the most important things to think about when starting a horse rental business is the budget. determine how much budget you will be able to allocate. your budget will help you figure out the quantity and quality of the horses you plan to buy.
Your budget also plays an important role in the maintenance of the horses. You must secure a place that will serve as a shelter for your horses and this is called a stable. The sanitation or cleanliness of the barn must be taken seriously. Regular maintenance must be performed to ensure that the horses are free from disease and to ensure that they are in good health.
- Cabin rental business
If we are going to scale the difficulty level of starting a cabin rental business, it will be at a moderate level. However, do not be put off by the idea that it is not that easy to start this type of business. you just have to have the right gears to start the engine, as optimists often quote.
The cabins are widely known for the romantic atmosphere that they exert on their clients. It also gives the atmosphere of a rustic setting. These are perhaps the notable features of a cabin. and the reason why this business is highly appreciated by people, especially those with partners. Make this also the reason to start putting together a plan for what your cabin rentals will look like.
- Boiler rental business
Are you interested in the latest boiler technology? With this passion and drive, it would be a great idea to start your own boiler rental business. Not everyone can afford to buy a new boiler, and through your rental services, you can meet the needs of the market. Before you begin this endeavor, you will need to equip yourself with the proper knowledge about the boiler industry. It is vital that you can provide customer support and services to compete with others in the business.
- Chocolate fountain rental business
The chocolate fountain is also known as chocolate fondue where pieces of food are dipped. Chocolate fountains add more life to a food buffet and they come in all different shapes, sizes, and forms. Before you even start your chocolate fountain business, first choose what size, shape, and forms of fountains you will have. Determining how much capital you can produce will also help you figure out what variety of chocolate fountains you can rent.
- Breast pump rental business
A breast pump is a tool that helps mothers express breast milk. There are several reasons why you should start a breast pump rental business. one is the large number of mothers who prefer to give their babies breast milk rather than other forms of milk.
Another is the number of mothers who are away from their babies, if ever, and still want to breastfeed their babies. Before even starting a breast pump rental business, you should first study the different types of breast pumps so that you can recommend to your customers which type of breast pump they should use.
- Doppler rental business
If you want to start a Doppler rental business, you must know how to use the device. You can run this particular rental business from home or you can lease a space. Moms-to-be wants to make sure their babies are healthy. With today’s technological advances, it is possible to listen to the sound they produce inside the womb. This can be done by using a device called a doppler.
- Log splitter rental business
A solid strategy, as well as marketing and advertising, will help ensure success in this field. A log splitter is an easy machine to operate: just plug it into a power source and you can cut through your pile of wood. Generally, people who always need a woodcutter as single-family don’t have the use to buy it, so now they keep the rent.
In conclusion, the rental industry is so vast and accommodating to so many focused people who are dedicated to working hard and making a living. you just need to be ready to learn and adapt, then flow with the tides. the sky is your limit when you do everything you need to do to start on the right foot.
