article thumbnail

The Shifting Perspective of Rental Equipment

Construction Business Owner

The Shifting Perspective of Rental Equipment. equipment rental revenue, including both construction equipment and small tool, is expected to grow by 11.1% to reach nearly $56 billion in 2022, according to the latest quarterly forecast released by American Rental Association (ARA). Tue, 08/23/2022 - 14:32.

Equipment 314
article thumbnail

What the Latest Rental Forecast Means to Your Business

Construction Business Owner

The latest quarterly update to the 5-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains through 2021.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Large Equipment Fleets Fare Better: Survey

Construction Equipment

Preliminary data from the Construction Equipment 2021 Annual Report & Forecast show a marked difference in the condition of a fleet of construction equipment based on its estimated replacement value (ERV). Managers of large fleets, defined as those with ERV greater than $10 million, report…

Equipment 117
article thumbnail

3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Here are three ways to ensure your cash flow forecast gets your project done on time, on brief and on budget. Create Rolling Enterprise Cash Flow Forecasts.

Cash Flow 130
article thumbnail

ARA Forecasts 2021 Rental, Const. Revenue

Construction Equipment

The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 Construction and industrial rental revenue also is forecast to finish 2020 with a significant hit in revenue,… billion in the United States.

article thumbnail

ELFA: Equipment, Software Investment Growth to Hit 11.2% This Year

Construction Equipment

The Equipment Leasing & Finance Association says equipment and software investment growth is expected to be robust this year with annual equipment and software investment growth forecast at 11.2 GDP growth for 2021 is forecast at 5.7 percent for 2021. Also, annual U.S. percent according to the…

article thumbnail

2020 Annual Report & Forecast

Construction Equipment

Rod Sutton, editorial director of Construction Equipment, discusses findings from the 2020 Annual Report & Forecast, produced in partnership with Case Construction Equipment.