Tag: rental penetration index

Construction Equipment

Stellar used equipment market softens … a bit. Here’s what’s hot and what’s not.

Although the used equipment market has been steady, it doesn’t mean there won’t be softer prices ahead, especially compared with 12 months ago. “It’s still a strong market, even though it’s not as good as last year,” says Michael Cole with Cole Equipment, a used equipment dealer in Ada, Oklahoma. “The low-hour machines will still […]

August 13, 2019

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

Business

ARA’s Rental Penetration Index down slightly in 2015 despite “robust” non-residential market

The American Rental Association’s Rental Penetration Index, which has been on a steep incline in the past five years, saw its first downward movement in 2015, says ARA. The decrease was slight, however, going from 53.9 percent in 2014 to 52.9 percent in 2015. The index—which measures the share of the U.S. construction equipment fleet […]

February 22, 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