Last updated: 8th October 2024

The construction Equipment Rental Market size is expected to grow from USD 128.64 billion in 2023 to USD 163.01 billion by 2028.

Are you surprised? But this is what the recent projection suggests.

Let me share with you an equipment rental marketplace software named YoRent, developed by an established firm named FATbit Technologies. You can spend time exploring the website of this product & select the equipment rental products that are available at an advanced level. You can eventually have a look at the websites powered by this software such as GearFlow. This brand raised $1.1 million in funding to support the growth of the platform. This is due to the expertise of this construction company!

So, here I am sharing some insightful information:

Equipment rental marketplace has the ability to rent, sell & RFQ for the products that are responsible for shipping & increasing the conversion rate (by providing heavy discounts & other attractive promo codes).

No matter what brand you want to purchase, an equipment rental marketplace will provide better prices & rent the product to an appropriate shipping location.

So, now we have a clear idea why equipment rental marketplaces are gaining popularity. Now, let’s have a look at how the right equipment rental software can help you launch a successful equipment rental marketplace. 

Let’s start with the basics,

What is an Equipment Rental Marketplace?

An equipment rental marketplace is a website where multiple sellers can rent as well as sell their products from the same platform. If you compare it with an offline setup, it’s just like a mall where there are separate stores for distinct brands and sellers. In the same method, on an equipment rental marketplace, multiple sellers can get themselves registered & start renting their equipment.

Now, let’s jump to the most important question.

Which is the best Equipment Rental Software to build an Online Marketplace?

To assist you to build a full-proof equipment rental marketplace, I have listed the 4 best standalone equipment rental software. This equipment rental software is inherently designed to create an online equipment rental marketplace & is scalable as well as supports customization. I have reviewed these solutions based on their in-built feature list, trusted clientele, pricing & rating on popular websites such as G2 & Capterra. 

1. Yo!Rent Equipment Rental Software

Yo!Rent is a powerful equipment rental software to build online marketplaces in the B2B, B2C & P2P industries. Launched in 2015, the equipment rental platform has been used by distinct businesses to start rental marketplaces. Yo!Rent has all in-built features & customized payment gateways like Razorpay, Stripe, Omise & more.

Key Features of Yo!Rent equipment rental platform that gives out a competitive edge to the customers:

  1. Smart review management system
  2. Renting, and selling option
  3. Agreement management & e-sign
  4. Document verification
  5. RFQ Management
  6. Real-time inventory management available to the customers
  7. Shipping method management solutions 
  8. In-built analytics & reporting
  9. Localization settings
  10. Multiple revenue channels
  11. Multiple payment gateways
  12. Tiered pricing
  13. Rental Add-ons

Yo!Rent Clients:

Yo!Rent has distinct clients in 40+  countries like US, UK, Canada, Middle-East, European countries since its inception. Yo!Rent has quickly grown into a proven equipment rental software trusted by several enterprises & some companies.

Yo!Rent Rating:

Yo!Rent has an overall rating of 4.5 on G2 with reviews from clients worldwide. While most of the clients have applauded Yo!Rent software for its extensive customizability, outstanding technical support & niche-based designs.

Click here to know how RFQ Module works in YoRent powered marketplaces.:

2. EZRentOut: Equipment Rental Software

EZRentOut is a leading equipment rental software that makes managing rentals & online bookings easy. This all-in-one cloud platform is designed to track every piece of your rental equipment, inventory management, and reserve orders. 

Key Features of EZRentOut Equipment Rental Software:-

  • Asset management
  • Order and Invoicing
  • Reports and Notifications
  • WebStore
  • User Management

EZRentOut Clients:

Many online rental marketplaces run globally & are based on EZRentOut equipment rental solution. Barnes Violins is one of the renowned clients they have. 

EZRentOut Rating:

It has received an overall rating of 4.7 on GetApp with clients praising EZRentOut for its layout and amazing customer service. 

Also Checkout: Top Car Rental Software to Setup Car Rental Website in 2025

3. Prexa 365: Equipment Rental Management Software

Prexa365 is a holistic solution to manage the customer journey for growing & optimizing your equipment rental business. The cloud-based software has been powered by Microsoft Dynamics that has been designed to meet the requirements of the relevant industry. Further, it simplifies & streamlines your rental processes that help in delivering great results. 

Key Features of Prexa365 Equipment Rental Software:

  • Contact management
  • Asset management
  • Rental management
  • Vendor management
  • Integration Hub
  • Reporting & analytics
  • Preventive maintenance
  • IoT

4. Sharetribe: Saas-Based Equipment Rental Software

Sharetribe is a cloud-based equipment rental platform that is designed to build online equipment rental businesses with ease. It is a hosted solution with a subscription-based model for businesses to start their equipment rental store. Sharetribe has two products – Sharetribe Go & Sharetribe Flex. Sharetribe Flex allows businesses to build a customized online equipment rental marketplace using powerful APIs. Sharetribe Go is a rental marketplace platform that delivers scalable online equipment rental marketplace without coding.

Key Features of Sharetribe Equipment Rental Platform:

  • In-built product catalog management system
  • Advanced payment system with the support of over 25 currencies & 200+ countries
  • Fully responsive to all the devices & screen size
  • A hosted solution for maintaining & scaling your eCommerce platform
  • The individual platform for buyers & sellers
  • Social sign-up for the users
  • SEO Tool to optimize your website
  • Powerful customization tools to scale your business

Sharetribe Clients:

Sharetribe has been powered around 1100 marketplaces in 70+ countries since 2011. It is an excellent platform for small & medium-sized businesses.

Sharetribe Ratings:

It has a rating of 4.4 stars on Capterra & 3.9 on the G2 platform. Sharetribe is an easy-to-scale platform, customizable using front-end development & provides excellent customer support as per client reviews. There are few concerns related to this solution such as the lack of ready-to-use APIs, limitation in the marketing features, only two payment options such as Stripe & PayPal, and limited customizable features.

Also check out: ShareTribe Alternative Solftware

How much does it cost to build an Equipment Rental Marketplace?

There are some of the mandatory factors that you need to consider when creating an equipment rental marketplace such as: –

  1. Website hosting provider
  2. Domain name registration
  3. CMS Platform
  4. SSL Certificate
  5. Extensions
  6. Templates
  7. Feature requirements

Also, you can develop an equipment rental marketplace in the following ways: –

  • Build an equipment rental website by coding on your own – The same requires knowledge, experience, and a lot of patience.
  • Hiring a team of developers – This requires a lot of investment

Summing Up

You can explore the rental software demos or free trials of the listed platforms via visiting their official website. Read this article, to know more about how to choose the best equipment rental software in 2025 to build your business website.