Today we are going to read about the largest equipment rental companies in the world, based on Insider Monkey’s latest article. At let’s make clear what an equipment rental company is. It means when companies operate in renting out various equipment, tools and machinery for a period of time to the relevant users for rental payments. For instance when Burj Khalifa was built, several special equipment was needed, such as extremely tall tower-cranes. These cranes are not purchased generally, construction companies rent them instead. Unsurprisingly, this industry is a relatively new one, as constructions reached a developed level not so long ago. Actually, it’s less than a hundred years old, which is not surprising also, especially if we take into consideration, the first skyscraper was erected in the 1800s. The American Rental Association was only established in 1955, 65 years ago. Equipment rental companies are generally small or medium-sized companies, and if you take a look at their revenue, it’s amazing for such small-sized firms.
So which are the largest equipment rental companies? Keep up reading and we will show them. We have picked up two companies from insider Monkey’s list as usual. The first one, Aggreko stands on the fifth spot on the compilation. It had a total revenue of $1,900 million in 2019, whil in 2018 it was $1,961 million. Aggreko operates in renting out lots of different equipment, such as cooling towers, air conditioning units, gas and diesel generators, and industrial chillers. It’s based in Glasgow Scotland, although originally it was launched in the Netherlands 58 years ago in 1962, and has over 6,000 employees. Aktio Group is already in the top three, with a jaw-dropping total revenue of $2,310 in 2019, and $2,175 in 2018. Aktio Group was established in Japan, in 1967. Regarding to its size and total revenue, Aktio is the largest company in Japan. The company started with only a single pump,, and now it owns 12 locations in 8 countries, providing rental equipment, consultancy services to optimize the usage of its equipment. For more useful and interesting information, please click the largest equipment rental companies in the world.