American Rental Association forecasts growth

In its latest five-year forecast, the American Rental Association (ARA) projects the U.S. equipment and event rental industry revenue to grow consistently on an annual basis, resulting in total revenue of $64.1 billion in 2022. While quarterly updates for ARA Rentalytics™ have shown minor up and down fluctuations over the past few years, the May 2018 update projected larger increases in revenue. The latest update projects revenue to total $52.3 billion in 2018 instead of the $51.5 billion forecast in February.