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US CE rental sales to rise 12.5% in 2022

The American Rental Association (ARA) forecasts significant growth for equipment rental revenue in the United States this year despite economic indicators being described as mixed and uncertain.

American rental segment to grow in 2015

According to the forecast by American Rental Association (ARA), the rental industry in the US is projected for a total revenue growth of nearly 8 per cent

Rental penetration up in US

Data from the American Rental Association (ARA) shows that construction and industrial rental penetration - the proportion of the total fleet of construction machines that are owned by equipment rental companies - reached 53.9 per cent last year

GE Capital support for rentals sector

GE Capital, Equipment Finance is expanding its financing programme for dealers to purchase construction equipment for use in their rental fleets. About half of the US dealers offer rentals in addition to sales, a figure that's expected to grow in 2014 and beyond. According to the American Rental Association's Rental Market Monitor service, the construction and industrial segment of the rental industry will grow 9.1 per cent to $24.4 billion in 2014.

Rental revenue outperforms

The equipment rental industry continues to outpace gross domestic product (GDP) in the US by four times in 2013 according to the American Rental Association's (ARA) latest forecast from the ARA Rental Market Monitor.

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