Below you can find the list of 5 largest equipment rental companies in the world. For a detailed coverage of this topic and a more comprehensive list, please see the 12 largest equipment rental companies in the world.
5. Aggreko
Total revenue of the company in 2019 (in millions of dollars): 1,900
Total revenue of the company in 2018 (in millions of dollars): 1,961
Aggreko rents out several different kinds of equipment, including but not limited to gas and diesel generators, cooling towers, air conditioning units and industrial chillers. It is headquartered in Glasgow Scotland (even though it was initially founded in the Netherlands) and is one of the 15 largest rental equipment companies in the world. It was founded 58 years ago in 1962, and has over 6,000 employees.
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4. Loxam
Total revenue of the company in 2019 (in millions of dollars): 2,295
Total revenue of the company in 2018 (in millions of dollars): 1,483
Loxam is the second largest European equipment rental company, though in terms of operations in the continent, it is actually the number one country. It has 1,100 branches present in at least 30 countries and has grown through the decades since it was established 53 years ago in 1967. In addition to Europe, it also has a presence in Middle Eastern companies such as Bahrain, Oman, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates.
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3. Aktio Group
Total revenue of the company in 2019 (in millions of dollars): 2,310
Total revenue of the company in 2018 (in millions of dollars): 2,175
Founded in 1967, Aktio Group is the largest Japanese equipment rental company, which is also the largest such company in Asia. The company has very humbling origins as it started out renting out a single pump, before growing over the years and decades since. The company has 12 offices in 8 countries, and in addition to providing rental equipment, also provides consultancy services to optimize the usage of its equipment.
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2. Ashtead Group
Total revenue of the company in 2019 (in millions of dollars): 5,310
Total revenue of the company in 2018 (in millions of dollars): 4,683
This British company is an industrial equipment rental company, which was initially founded in Surrey bus has since moved to London. It is also one of the oldest companies in our list, having been founded 77 years ago in 1947, and has over the year, grown significantly through acquisitions of several different companies and plants. It has 13,500 employees and had a net income of more than $800 million. While it may be based in London, the company has operations internationally as well, operating in Canada and the United States in addition to the United Kingdom. In fact, the vast majority of its revenue is derived from its subsidiary Sunbelt Rentals, which has 600 locations across the US and Canada, bringing around 85% of the total revenue. It also has 185 locations in the UK.
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1. United Rentals (NYSE:URI)
Total revenue of the company in 2019 (in millions of dollars): 8,322
Total revenue of the company in 2018 (in millions of dollars): 7,028
Topping the list of the 5 largest equipment rental industries in the world is United Rentals, which has maintained this ranking for a few years. It is heads and shoulders above the other companies in this list, and could break the $10 billion barrier in a few years. It showed a stunning increase in revenue of 18% year on year. It has around 13% of the total North American market share, showings its strength and influence in the industry.
Founded 23 years ago in 1997, United Rentals is headquartered in Connecticut, America and has approximately 660,000 rentals which are worth around $14.2 billion as well as 18,800 employees and has nearly 1,200 locations across 49 states in the US as well as Canada, Puerto Rico and four countries in Europe as well. The company has organic growths, but has mainly grown due to acquisitions and offers specialty, general and aerial equipment, while its main customers include industrial and construction companies. It also offers after service sales and safety training as well. Its assets crossed the $15 billion mark back in 2017 while it regularly records income of more than $1 billion.
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