The rental industry encountered many challenges throughout 2022: a global supply chain crisis, labor shortages, high inflation, increased prices and heightened regulatory pressures — all of this in a time where the world was still shaking off the effects of a global pandemic.
And nevertheless, the rental industry moved forward.
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“We’re coming off a couple exceptional years in rental, and many people had record years in 2022,” says Josh Nickell, vice present of the American Rental Association’s equipment segment. “I’m not necessarily saying that 2023 will have the amazing increases that we've seen in the last couple of years, but the rental industry is still poised for strong growth.”
To get a true sense of the industry’s well-being, Rental magazine reached out to rental company owners and manufacturers in the industry to get their perspective on how 2022 panned out and what’s in store for 2023.
