US equipment rental market seen to grow 11.2% this year

18 Aug 2022 CW Team

The equipment rental market continues to see growth in the US, as supply-chain challenges impact manufacturers’ abilities to produce heavy equipment.

The American Rental Association’s recently released update of its five-year forecast continues to point toward continued growth for equipment rental revenue in 2022 and beyond.

For 2022, ARA projects US equipment rental revenue, including construction and general tools, to grow 11.2% to reach $55.9 billion, consistent with earlier projections this year. Construction equipment rental is expected to lead the way with 12.5% growth this year to a total $41.6 billion, following a 10.2% increase in 2021.

“Rental revenue continues to experience significant growth, despite some headwinds in 2022,” said Tom Doyle, ARA vice president for program development. “The longer-term forecast, while showing slower growth than this year, remains bullish. It is generally a good time to be in the equipment rental industry.”

In the next five years, ARA expects overall growth of 6.2% in 2023, 2.5% in 2024, 3.3% in 2025 and 3.7% in 2026, to total more than $65.1 billion. For construction equipment, the forecast sees growth slowing to 7% in 2023, 2% in 2024, 3% in 2025 and 3% in 2026. General tool growth is expected to be 7.4% in 2022 and then remain steady with 5% growth in 2023, 3% in 2024, 5% in 2025 and 5% in 2026.

“In these times of higher uncertainty, it is prudent to closely watch the driving factors to the forecast for changes that will affect build schedules for original equipment manufacturers or demand for rental companies,” Doyle said. “Depending on how long we have high inflation, supply-chain constraints, labour shortages and climbing interest rates, those econometric drivers can have an impact on the rest of 2022 and the outlook for 2023.”

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..