forcast

ARA: Rental Equipment Revenue Growth Continues to Outpace Economy

Date: 20-02-2019 / Author: fmotz

The latest five-year forecast from the American Rental Association (ARA) projects that rental revenues in North America will surpass $61.5 billion in 2019, up 5.3% compared to 2018.

Similar steady growth is expected in each of the successive years of the forecast to reach nearly $70.9 billion in revenue by 2022.

The current figures, which are updated quarterly, project slightly less growth than what was forecast in October, reflecting different factors that have slightly slowed the projected growth of the U.S. economy.

ARA forecasts equipment rental industry to grow to nearly $60 billion by 2021

Date: 21-02-2018 / Author: fmotz

In its latest five-year forecast, the American Rental Association (ARA) expects equipment rental industry revenue to continue to grow consistently in the United States over the next five years, resulting in total revenue of $59.6 billion in 2021.