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ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Tool Rental procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Tool Rental - Recent Price Trend

In the three years to 2017, tool rental prices have been growing at an estimated annualized rate of 1.4% as a result of increasing depreciation, administrative costs and swelling demand from downstream markets. Because prices have risen at a modest pace, buyers should consider renting tools now to take advantage of the market’s current favorable conditions, before prices begin to rise at a faster.

Tool Rental - Total Cost of Ownership

The total cost of ownership associated with tool rental is low because buyers do not own or maintain the tools they rent. However, if a buyer damages or loses a tool during the rental term, they are financially responsible for repair or replacement.For a small fee, buyers can choose to insure rental tools for mechanical issues, damage and theft. Insurance significantly reduces a buyer’s potential.

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About this Report

This report is intended to assist renters of professional tools. Suppliers rent a variety of professional-quality tools ranging from small hand tools to large machinery. Commonly rented tools include carpentry tools, plumbing equipment, lawn and garden equipment, painting and texturing tools, pressure washers and jackhammers. Buyers can rent tools from small, local suppliers or large, national chains. This report does not include the purchase of tools or equipment, nor does it include repairs.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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