The term “explode” was actually used in the latest American Rental Association forecast. “Equipment rental revenue … is expected to explode past its peak totals in 2022,” ARA says. The group’s forecast calls for equipment rental revenue (including ARA’s construction/industrial and general tool segments) to reach just under $47.7 billion this year, up 3.1% after declining 9.2% last year. From then, the construction/industrial segment by itself will see a 12% increase, up to 38.5 billion, ARA predicts. That brings the combined total for the two segments up past $53 billion next year. READ FULL ARTICLE >>
