Tag: ARA Rental Market Monitor

Dealers

ARA forecasts equipment rental revenue at $49.4 billion for 2017

The American Rental Association (ARA) expects U.S. equipment rental revenue in 2017 to grow 4.5 percent, reaching $49.4 billion, according to its latest five-year forecast. This is $500 million more than its previous forecast issued in January. The forecasted figure combines revenue for construction and industrial, general tool and light construction, as well as party […]

May 10, 2017

Dealers

ARA expects equipment rental revenue to reach $48.9 billion in 2017

In its latest five-year forecast, the American Rental Association (ARA) expects equipment rental revenue for 2017 will reach $48.9 billion, and grow 4.3 percent per year to reach $56 billion by 2020. The latter is an increase of $500 million compared to the previous 2020 forecast of $55.5 billion released in November 2016. ARA Vice […]

January 31, 2017

Dealers

ARA forecasts equipment rental to reach record revenue in 2016

The American Rental Association has forecast record revenue for the equipment rental industry this year, anticipating growth of 4.3 percent to $47.3 billion. By 2020, the association estimates revenue to reach $55.5 billion. The estimates come from ARA’s latest five-year forecast, the ARA Rental Market Monitor, with data compilation provided by HIS Markit. “While we […]

November 10, 2016

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

Business

Outpacing U.S. economy by 4 times, equipment rental revenues expected to grow 7%

The latest forecast from the American Rental Association shows the U.S. equipment rental industry outpacing gross domestic product by four times with revenues expected to reach $33.5 billion by the end of the year. Should revenues reach that mark, it would mean a 7-percent increase over 2012, according to ARA’s Rental Market Monitor. According to […]

August 12, 2013

Business

ARA forecasts U.S. equipment rental to generate $33.6 billion this year

The American Rental Association expects the U.S. equipment rental industry to generate $33.6 billion in revenue this year, an increase of 7.3 percent over 2012. The data is part of ARA’s Rental Market Monitor which was recently updated. The ARA expects construction and consumer spending to be the most important drivers behind equipment rental in […]

May 22, 2013