The costume rental business is part of a continuously flourishing industry which presents many opportunities for growth. The reason for this is simple.

Running an AV equipment rental business is quite a struggle. It not only involves keeping track of AV items but also their accessories and kits. As an AV rental business, you want to rent out your equipment as much as possible.

In the ever-growing digital era, every business today has an online presence. Same goes for the rental industry. Customers no longer discover businesses through flyers posted on grocery stores or by shuffling through telephone books. 

The equipment rental industry is proliferating exponentially in today’s age. This outstanding growth can be attributed to urbanization projects and increased government spending on infrastructure development.

Running a party rental business sounds all fun and games, well because it has to do with managing fun events and games. This is primarily why there has been a shift towards people venturing into the event and party rental businesses.

Rental businesses face a myriad of challenges today. They not only have to contend with the cut-throat competition but also have to deal with a variety of customers. Many of these do not take ownership of the rental items and use them carelessly. This often damages your rental fleet and raises your inventory maintenance costs.

Whether they rent out furniture, party supplies or vehicles, rental businesses need to stay on top of their bookings for swift customer delivery. While managing several different orders simultaneously sounds overwhelming, do it effortlessly with rental scheduling software.

Functional layout of rental companies

Rental hire firms are rapidly growing in number. These rent out equipment or services to individuals or businesses for a specific period, ranging from a few hours to a couple of months. Many of these even sublet assets from other equipment rental agencies to rent out to their own customers on a contractual basis.

Online book rentals are gaining surging popularity among university and college students. In fact, many educational institutes have their own book rental departments to rent out textbooks to students at economical rates for an academic term.

Over the past five years, the dumpster rental industry has seen tremendous growth in the US. It is now earning an annual revenue of $394 million. As the name suggests, dumpster rental companies offer trash disposal services to residential, commercial and industrial customers.