Category: Rent Party Equipments

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MOLINE, Ill.–(BUSINESS WIRE[1])–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 billion in the United States. However, the latest forecast released by the association on Nov. 12 calls for modest overall growth in 2021, ticking up 0.3 percent to $48.9 billion, before accelerating recovery...

Photo by The Climate Reality Project on Unsplash The effects of the coronavirus (COVID-19) are significantly impacting the equipment and event rental industry. According to a recent survey of the American Rental Association (ARA) membership, rental revenues are declining and are projected to significantly deteriorate in the coming months. All party and event rental business respondents indicate event cancellations leading...

MOLINE, Ill.–(BUSINESS WIRE)–Feb 10, 2020– Equipment and event rental companies are expected to generate $58.1 billion in revenue in the United States in 2020, up 3.8 percent compared to 2019, according to the latest updated forecast released today by the American Rental Association (ARA). Construction and industrial equipment rental is forecast to reach $40.1 billion in 2020 with general tool...