The equipment and event rental industry in North America is expected to finish the year with total revenue up 5.35 percent to $61.56 billion, the first time combined rental revenue for Canada and the United States has surpassed $60 billion, according to the latest forecast released by the American Rental Association (ARA).
American Rental Association (ARA)
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The American Rental Association, Moline, Ill., is an international trade association for owners of equipment rental businesses and the manufacturers and suppliers of construction/industrial, general tool and party/event rental equipment. ARA members, which include more than 10,000 rental businesses and more than 1,000 manufacturers and suppliers, are located in every U.S. state, every Canadian province and more than 30 countries worldwide. Founded in 1955, ARA is the source for information, advocacy, risk management, business development tools, education and training, networking and marketplace opportunities for the equipment rental industry throughout the world.
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ARA “Rental Customer Needs Study” shows that contractors expect to increase rental activity in coming year
Among professional construction contractors who rented equipment in the past year, a majority expects to increase reliance on rental in the year ahead, according to a comprehensive survey of contractors released by the American Rental Association (ARA).
The new five-year forecast from the American Rental Association (ARA) updated in August calls for equipment and event rental revenues in North America to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada. The latest forecast is ARA's first to project rental revenue for 2023. The current figures, which are updated quarterly, also project slightly less growth for 2019 through 2022 than what was forecast in May. "The market for the equipment and event rental industry remains positive, but there definitely are signs that the U.S. economic growth is slowing and this projected slowdown is reflected in our latest forecast," says John McClelland, Ph.D., ARA vice president for government affairs and chief economist.
Skyjack activated an automated self-check from Australia for audiences in Anaheim at the ARA Show. The new SJ3215 was there to give audiences an idea of how Skyjack has been working toward a goal of autonomous functionality for the construction rental industry.
Sullair introduced its 185 Tier 4 Final Diesel Portable Air Compressor powered by a Caterpillar engine at The Rental Show. The CAT model will be offered alongside the Kubota powered machine to provide customers with choices regarding their preferred engine.
Currently available for the 1644 and 1732 high capacity telehandlers, SmartLoad Technology - featured by JLG Industries, Inc. at the ARA Showin Anaheim, California - will be available as an option on all JLG telehandlers over the next 12 months. SmartLoad is an advanced bundle of three integrated technologies that work together to increase operator confidence and optimize productivity. This award-winning system includes automatic attachment recognition, a load management information system and a load stability indicator.
Trackunit, has announced the launch of an industry-wide focus on eliminating downtime through its telematics solutions. The firm seeks to assist equipment owners in recovering the billions lost through budget and schedule overruns.
Perkins Engines is highlighting its commitment to the rental market at the ARA Show 2019 with an exhibit that includes a comprehensive package of engines, support programs and aftermarket products that work together to improve rental company return on investment. Displayed were four engines: the new 1.1 liter Perkins® 403J-11T, the Perkins® Syncro 2.2 liter and 3.6 liter and a Perkins 404D-22 replacement engine -- all of which are widely used in the rental industry.
Minnich Manufacturing, a manufacturer of concrete dowel pin drills, concrete vibrators and vibrator monitoring systems, showcased the Stinger electric flex shaft vibrator at The ARA Show in Anaheim, California. The Stinger — is a lightweight, durable and versatile vibration solution. "The Stinger is an ideal unit to meet a variety of concrete vibration needs," said Rob Minnich, president/chief marketing officer (CMO) for Minnich Manufacturing. "We're excited to showcase this solution to the rental industry in our return to The ARA Show."
At the 2019 ARA Show, the American Rental Association's annual convention and trade venue for the equipment and event rental industry, Honda Engines introduced the all-new, high-output Honda GX50, expanding the company's Mini-Four Stroke lineup with a more powerful model. Joining the Honda GX25 and Honda GX35 Mini-Four Stroke models, the new GX50 incorporates a higher displacement, making it an ideal power match for demanding rental, industrial, construction and professional landscape applications. Available now, the versatile Honda GX50 brings its light weight, compact design, easy starting and excellent fuel efficiency to power products ranging from brush cutters to rammers and vibrators to concrete screeds, post drivers and winches.
A new chapter in the life of an established company is beginning for Thompson Pump & Mfg. Co. following the sale of their rental assets and related operations to the Fluid Solutions Group of industry leader United Rentals. Having divested itself from the direct rental business, Thompson Pump plans to invest in and grow its pump manufacturing operations - the core business that has made Thompson Pump an iconic brand in the industry.
JCB will exhibit a range of rental-ready machines at The Rental Show 2019, hosted by the American Rental Association in Anaheim, California from February 17 to 20.
Manitou North America to feature new compact track loader, new telehandler and more at the Rental Show
Manitou North America will showcase rental solutions across its Manitou, Gehl and Mustang by Manitou brands at booth 6357/6353 at The ARA Show in Anaheim, California February 17–20. IndyCar Series Driver and Manitou North America Ambassador Graham Rahal will also host a meet and greet event at the booth on Monday, February 18, from noon to 4 pm.
Rental demand for compact vacuum excavators continues to grow as global renters seek non-traditional and versatile machines for a variety of small-scale cleanup, potholing and landscaping jobs. Ditch Witch, a Charles Machine Works Company, will showcase the HX30 vacuum excavator Feb. 18-20 at The ARA Show in Anaheim, California, (Booth 4501) for rental companies who are looking to add a low-maintenance vacuum offering to their fleet.
Skyjack took home a Leadership in Lifting Equipment and Aerial Platforms (LLEAP) Award last month. The OEM's off-highway telematics solution, ELEVATE, won in the category of OEM Features or Essential Components. The mobile first solution was launched in early 2018 and Skyjack says that it has since garnered attention from rental companies and associations worldwide.