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Canadian rental revenues forecast to grow

Aug. 11, 2014 - The American Rental Association's forecast for the Canadian equipment rental industry calls for 5.2 per cent growth in 2014 to $4.9 billion, with growth of six per cent in 2015, 6.6 per cent in 2016, 3.5 per cent in 2017 and 3.6 per cent in 2018 to total $5.9 billion at the end of the latest forecast.


August 11, 2014
By American Rental Association

Aug. 11, 2014 – The American Rental Association's forecast for the Canadian equipment rental industry calls for
5.2 per cent growth in 2014 to $4.9 billion, with growth of six per cent in 2015,
6.6 per cent in 2016, 3.5 per cent in 2017 and 3.6 per cent in 2018 to total $5.9
billion at the end of the latest forecast.

The United States is expected to generate $35.8
billion in revenue and outpace gross domestic product by more than four
times in 2014. In the U.S., total equipment
rental revenue is forecast to grow 7.6 per cent in 2014 to reach $35.8 billion,
10.5 per cent in 2015 to reach $39.6 billion and another 10.2 per cent in 2016 to
reach $43.6 billion, surpassing the previous industry record of $36.9 billion
in 2007. The growth rate is expected to be 8.9 per cent in 2017 and 7.7 per cent
in 2018, with total rental revenue of $51.2 billion.

For more information

ararental.org