3 Equipment Rental Strategies to Consider in 2022

With so much opportunity ahead, expect the rental industry to gear up accordingly, investing heavily in fleets of revenue-producing machines. It’s a scenario no equipment-rental company can afford: A big construction project comes to a halt because a rented air compressor or power generator breaks down. And because of supply chain bottlenecks, replacement parts are a long time coming. Every sidelined piece of equipment is revenue and opportunity lost. The construction market has recovered strongly from the Covid-driven slump of 2020, and forecasts for 2022 are bullish for all key sectors, including homebuilding and nonresidential. That doesn’t include the federal government’s $1 trillion infrastructure spend, signed into law in November, which should give an even bigger boost to 2023. Equipment rental companies will grow right along with construction to nearly $65 billion by 2025, according to the latest survey by Research and Markets. READ FULL ARTICLE>>