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Tag: ARA Rental Equipment Monitor
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
Dealers
Short term and long term, rental remains power player
The strong 3Q reports from Herc Rentals, H&E Equipment Services and United Rentals serve to underscore a recent forecast by the American Rental Association (ARA). Updating its five-year forecast, ARA says it expects equipment rental revenue to grow at a compound annual growth rate (CAGR) of 4.7 percent between 2017 and 2021. This forecast has changed […]
November 21, 2017
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