US Construction Equipment Rental Sales To Rise 12.5% In 2022

Despite varied and unclear economic data, the American Rental Association (ARA) predicts a considerable increase in equipment rental income in the United States this year.

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[{"selector":"#anim-b491fb8f-3fce-4105-853f-c9066899a17c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cb03b3a-0743-4857-85b3-e52bfc69e250 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-35.66176455155876%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] It is anticipated that growth of 6.2% in 2023, 2.5% in 2024, 3.3% in 2025, and 3.7% in 2026 will result in revenue of more than $65.1 billion.

The forecast said that the rental income for construction equipment will increase by 12.5% in 2022 to reach $41.6 billion before declining to 7% in 2023, 2% in 2024, 3% in 2025, and 3% in 2026.

[{"selector":"#anim-19778bea-43af-4f9b-a1d4-3ea27a16933b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Sales of general tools are expected to increase by 7.4% in 2022, then by steady rates of 5% in 2023, 3% in 2024, 5% in 2025, and 5% in 2026.

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[{"selector":"#anim-00613600-c3fc-4672-b44b-484deb9a279f","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b39632f-838a-4297-9008-f52234feabb1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Depending on how long high inflation, supply chain issues, labor shortages, and increasing interest rates endure, the remainder of 2022 and the outlook for 2023 may be impacted.

[{"selector":"#anim-bf45870c-324a-48e4-8cf5-345fcb0ba084","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-197fb561-68a4-4b83-927c-2b729fb7df8a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c040d3df-a0bf-422b-86cb-8d9f4d644953","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The ARA predicts 14.4% increase in 2022, $4.7 billion, 6% growth in 2023, 2% growth in 2024, 3.4% growth in 2025, and 3.3% growth in 2026 to approach $5.4 billion. This prediction includes income from construction and general tools.