Equipment and Event Rental to Surpass $60B

摘要

According to data from the American Rental Association,revenue from the equipment and event rental industry in North America will surpass $61.3 billion in 2019.This figure represents a 5 percent uptick compared to 2018 equipment and event rental industry revenue,ARA states.”The equipment and event rental industry is growing and continues to expand faster than the overall economy.The outlook continues to be positive,”says John McClelland,vice president for government affairs and chief economist of the ARA.In the U.S.,equipment and event rental revenue could grow 4.2 percent in 2020 and reach as much as $69.8 billion in 2022.Scott Hazelton,managing director of IHS Markit,the forecasting firm that compiles data and analysis for ARA,says the industry shows potential for steady growth in the next five years.