Shared Tool Library
Setting up a shared tool library in residential neighborhoods where people can borrow tools they need for occasional use. This reduces the need for individuals to own and store tools that are rarely used. Market size: According to a report by PR Newswire, the global tool rental market size was valued at $400 million in 2020 and is expected to reach $500 million by 2027, with a CAGR of 3.4%.