The American Rental Association (ARA) released it’s newest rental revenue forecast this week. Looking at the numbers, ARA projects the U.S. equipment rental revenue will reach $48.9 billion in 2017 and grow at an average annual rate of 4.3 percent to top $56 billion by 2020. Construction Equipment’s article about the report also states that ARA expects average rental rates to increase by 3.7 percent this year as well.
This positive news about the rental industry is great news for rental companies and contractors.
We’re looking forward to hearing more rental industry reports at The Rental Show later this month in Orlando, FL. If you’re going to be at the show, be sure to stop our booth and say hello. You can find us at booth #5532.
