![]() Depending on your location, you could also rent out sports equipment on a day-by-day basis, for example, renting out snorkelling equipment, paddle boards and fishing equipment if you are located near the coast. You could also rent out sports equipment to schools and colleges and for organised events. You could rent sports equipment, such as golfing equipment, scuba diving equipment and boating equipment. These could be used for recreational purposes, for transportation purposes and for special events. for weddings), scooters, bicycles and ATVs (all-terrain vehicles). ![]() Vehicles and transportationĪs well as a regular car rental business, you could choose to offer transportation equipment such as luxury cars (e.g. ![]() Some of the equipment you can rent out includes power tools, jet washers, sanders, concrete mixers and small excavators. For example, people who are renovating or decorating their home or garden and do not want to purchase equipment. This usually encompasses smaller pieces of construction and DIY equipment that are typically rented out by individuals rather than businesses. Some of the equipment you could rent includes a dancefloor, chairs, tables, sound systems, decorations and staging. Although some event venues supply equipment and accessories, many do not, particularly event spaces such as barns, hotels and outdoor events. People who are hosting or organising an event, such as a wedding, a party or a corporate event, will likely not want to purchase the equipment they require, particularly because the equipment can be expensive and the event is usually a one-off. Traffic equipment can include traffic signs, barriers, LED message boards and traffic cones. It can save significant storage space (think of how many traffic cones are required from one stretch of road) and it can save them money. This ensures they always have access to the equipment they need. Many local councils and construction companies choose to rent traffic control and safety equipment rather than purchase it. Construction equipment rental is the most popular and most lucrative of all equipment rentals. Some of the equipment you could rent out includes excavators, earth-moving equipment, forklifts, working platforms and construction lifts. This type of equipment is primarily rented to construction firms, contractors and people working within the construction industry. The most frequently rented out equipment includes: Construction machines and equipment You may choose to specialise in a particular type of equipment or a specific industry or provide a wide range of options. Many different types of equipment can be rented out that target a wide range of customers and industries. ![]() The cost of the rental will be suitably high to allow the rental business to recuperate the initial cost of the equipment and then begin generating a profit. The rental business will purchase the equipment and then rent it to the customer for a set fee (usually a per day, per week or per month fee). The equipment is rented to the customer for a set time period before being returned to the business.Įquipment rental can refer to tools, appliances, recreational items, machinery, furniture, office items, industrial equipment and vehicles. By the end of 2023, the equipment rental industry in the UK is expected to be worth more than £5.8 billion, showing a marked increase from previous years.Īn equipment rental business, sometimes known as a plant hire business, operates within the service industry and provides machinery, equipment and tools of different types, shapes and sizes and with different uses. ![]()
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