Tag: ARA forecast

Dealers

ARA drops 2017 equipment rental forecast slightly, but predicts future growth

The American Rental Association (ARA) says in its latest quarterly update on its five-year forecast that equipment rental revenue in 2017 will reach $49.3 billion, a slight decrease from the $49.4 billion the association estimated in its last report. While this new forecast is a bit lower, it still represents a 4.3-percent increase over 2016. […]

August 8, 2017

Dealers

Business roundup: H.O. Penn Cat renovation, Morbark parts price management, Yanmar customer experience center, rental equipment forecast, JLG marketing manager

Stalco Construction completes H.O. Penn Cat’s expansion and renovation Stalco Construction has completed the expansion and renovation of the parts and service departments and rental area of 93-year-old H.O. Penn Cat. The company renovated 5,000-square feet of the first floor of H.O. Penn’s site in Holtsville, N.Y. on Long Island. “The renovation has significantly improved […]

November 14, 2016

Business

ARA: Rental revenues will reach $41.1 billion this year; equipment rental penetration index now nearly 53%

With healthy returns posted for rentals in 2013, the American Rental Association is forecasting $41.1 billion in total rental revenues (including construction equipment, general tool and party and events) this year, and an upward trajectory for the total rental market that will reach $52.3 billion in 2017. In addition, ARA says its Equipment Rental Penetration […]

February 11, 2014

Business

U.S. equipment rental revenues forecast to grow 6.5% in 2013, show strong growth through 2017

The American Rental Association’s forecast for equipment rental revenue in the U.S. remained basically the same after its third quarter update. The ARA Rental Market Monitor expects equipment rental revenue to grow 6.5 percent in 2013 to $33.3 billion. Earlier this year that mark was set slightly higher at $33.5 billion. The small revision aside, […]

November 4, 2013