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Rental revenue to hit $60B in 2021: ARA

Equipment rental industry revenue is projected to hit nearly $60 billion in 2021

November 15, 2017
Equipment rental industry revenue is projected to hit nearly $60 billion in 2021

Equipment rental industry revenue is projected to hit nearly $60 billion in 2021, according to the latest forecast from the American Rental Association.

The trade group expects annual growth at 4.7 percent.

The ARA Rental Market Monitor five-year forecast projects total rental revenue in the U.S. to grow by 4.5 percent in 2018 to reach $51.5 billion, 5.5 percent in 2019, 4.9 percent in 2020, and 4.1 percent in 2021.

“This is a strong forecast, showing the equipment rental industry will continue to consistently grow over the next five years, without factoring in any possible impact from tax reform or infrastructure spending,” says John McClelland, ARA’s vice president for government affairs and chief economist.

Source: ARA

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