Tag: John McClelland

Dealers

PCA, ARA forecasts underline steady-as-she-goes 2020 for construction—with some cautions

The two pillars of the economy — consumer spending and labor markets — remain solid, portending at least a modest growth in 2020, says Ed Sullivan, senior vice president and chief economist, PCA. “As long as you have strength in those, the economy will remain strong and you will see continued moderate economic growth. The […]

February 20, 2020

Dealers

ARA: N. American construction equipment revenues will grow 5.2% in 2019

The American Rental Association expects North American rental construction equipment revenues to grow 5.2% in 2019 according to its latest forecast. More here.

November 11, 2019

Dealers

ARA rental revenue forecast down for second straight quarter, “still outpacing economy”

Although the American Rental Association reported a drop in Q2 revenue, the company continues to forecast steady growth and outpace the overall economy.

May 7, 2019

Dealers

ARA: N.A. rental revenues will surpass $71B in 2022

According to the American Rental Association, North American rental revenues will exceed $71.7 billion in 2022. Learn more on Equipment World today!

November 20, 2018

Dealers

ARA: 2018 equipment rental revenue to grow 4.5%; Rental Penetration Index now at 53%

The American Rental Association has released its latest Rental Equipment Monitor forecast, along with current Rental Penetration Index, at the start of The Rental Show this week in New Orleans. ARA now says that it expects total rental equipment for all segments (including construction, general tool and party/event) to reach nearly $60 billion by 2021. […]

February 21, 2018

Construction Equipment

Will you rent more equipment in the future? Three experts say it’s likely.

Two major factors have prompted equipment rental to boom in recent years, according to rental expert Dan Kaplan, CEO, Daniel Kaplan Associates: Economic uncertainty and what he calls the “outstanding” performance of today’s rental companies. “Major rental companies are targeting national contractor accounts and converting them from owning to renting,” said Kaplan in a webinar […]

May 31, 2013