ARA Third Quarter Economic Survey Predicts More Growth for Rental

American Rental Association (ARA) equipment rental store owners and managers as well as product suppliers to the industry remain optimistic about growth in the remainder of 2012.

More than 83% of those responding to ARA’s October 2012 economic survey expect annual rental revenues to at least equal 2011 revenues. More than 70% expect rental revenue to increase over 2011, including 38% expecting double-digit growth.

The increase in rental revenue also translates into positive purchasing expectations. Overall, nearly 90% of those who participated in the survey expect to buy at least as much new rental equipment as they did in 2011. Nearly 70% of the respondents plan to make more new rental equipment purchases in 2012 over 2011, with more than 35% anticipating a double-digit increase.

For more about the American Rental Association's latest economic survey results...