• Rates on hydraulic excavators jumped the most – 13.4% to an average weekly rate of $2,464 • Rates on electric self-propelled scissor lifts rose 10.1% to an average weekly rate of $449 • Single-drum vibratory rollers rose 6.0% to an average weekly rate of $1,503 • The only rate decrease was in skid steer loaders – slipping 0.7% to $855 per week
Construction equipment rental rates measured by EquipmentWatch increased across the board in the fourth quarter of 2015. The EquipmentWatch study analyzed more than 41,000 rates with a study of more than 100 rental companies covering more than 100 equipment types.
Among the ten highest-volume machine categories studied:
- Rates on hydraulic excavators jumped the most – 13.4% to an average weekly rate of $2,464
- Rates on electric self-propelled scissor lifts rose 10.1% to an average weekly rate of $449
- Single-drum vibratory rollers rose 6.0% to an average weekly rate of $1,503
- The only rate decrease was in skid steer loaders – slipping 0.7% to $855 per week
Despite skid steers’ Q4 slip, the category’s rates have trended upward, increasing 8.9% over the past three quarters.
Average weekly rental rate for the top five small- to medium-sized equipment subtypes is trending upwards over the past three quarters, although compact track loaders have remained relatively level through the last quarters with only a minor overall increase of 1.2%.
The top five medium to large sized equipment subtypes showed more volatility over the last three quarters than the smaller subtypes. Telescoping-boom rough-terrain forklifts (telehandlers) increased the most ($1071 to $1304), rising over 20% since Q2. Average rates for several types of equipment, including hydraulic excavators, single-drum vibratory rollers, and crawler dozers declined in Q3 only to rise again in Q4.
EquipmentWatch calculates average retail rental rates by equipment type for the entire United States based on advertised, not invoiced, rates. They’re rates that were publically advertised online or which were obtained through data partnerships with rental houses.
See the entire EquipmentWatch Rental Rate Update, with regional variances from the national average.
