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Rental Industry Struggling, But Still On Solid Footing
“A variety of factors can impact equipment rental,” she explained. “For example, contractors and construction companies might be more inclined to rent than buy equipment for any jobs that come up between now and the end of the year. As the economy and construction industry recover, equipment rental companies can benefit when those who presently own their own equipment or have owned it in the past need extra machines to handle extra work, but may not be ready to buy more machines because of uncertainty in the marketplace. IHS Global Insight is forecasting double-digit growth for the construction and industrial equipment rental segment for 2012 and 2013.”
For more the 60 years, the American Rental Association has effectively represented the rental industry on behalf of rental businesses, suppliers and manufacturers who serve construction and industrial, general tool rental, and party and event markets. ARA members, which include more than 7,500 rental businesses and 1,000 manufacturers and suppliers, are located in every U.S. state and Canadian province and more than 40 countries worldwide. ARA headquarters are in Moline, IL.
“The ARA continues to closely monitor all economic factors that impact our rental members and industry partners. The association is deeply involved in Washington, D.C., on issues such as infrastructure and transportation spending. We support swift passage of a fully funded, multiyear reauthorization of the federal surface transportation programs. ARA is a strong advocate for our membership on pro-business issues. We believe in public policy that supports the opportunity for business success and building a strong economy in America,” concluded Wehrman.
Equipment Rental Sources
ARA members include big rental companies with multiple stores who specialize in construction equipment and independent rental centers who typically offer compact construction equipment, pumps, air compressors, compactors and tools.
However, horizontal directional drills and vibratory plows are not widely available from traditional rental sources, but are available from equipment dealers and distributors and sometimes directly from the manufacturers. Therefore, statistics developed from data gathered from ARA members are not included in information provided by ARA.