Growth in equipment rental industry

The American Rental Association (ARA) expects equipment rental industry revenue to grow, resulting in total revenue of $59.6 billion in 2021. Revenue in the U.S. is expected to grow 4.5 percent in 2018 to reach $51.5 billion, 5.6 percent in 2019, 5 percent in 2020 and 4.4 percent in 2021. In Canada, revenue is expected to reach $5.35 billion in 2018 with growth rates of 4.1 percent in 2019, 5 percent in 2020 and 4.7 percent in 2021, totaling $6.125 billion.