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The American Rental Association (ARA) indicates in its updated forecast that the United States equipment rental industry’s growth will soften but still grow. Last quarter, the year-over-year growth was expected to be 4.7 percent in 2023 and 2.1 percent in 2024. The most current projections indicate 7.6 percent growth in […]
After two years of rapid post-pandemic revenue growth in 2021 and 2022, the equipment rental industry is expected to see single digit increases over the next four years according to the latest American Rental Association (ARA) forecast released in early November. The forecast calls for equipment rental revenue — which […]
The Portland Cement Association (PCA) representing America’s cement manufacturers — releases its fall cement consumption forecast for the United States, which projects a near-term demand decline of 3.5% for 2023. This marks the first decline in 13 years and is expected to be short-lived, with growth returning in 2024 and […]
Even with supply chain issues and labor shortages, U.S. equipment rental revenue, including both construction and general tool, is expected to grow by 11.1 percent to reach nearly $56 billion in 2022, according to the latest quarterly forecast released by the American Rental Association (ARA). Construction equipment rental is leading […]
While other companies struggle with suppliers due to the global chip shortage, Giatec has increased SmartRock production to meet their growing customer demand Giatec Scientific Inc is a world leader in concrete testing technologies. Recently, the company announced that the worldwide semiconductor chip shortage has not affected production of SmartRock. […]
The outlook for equipment rental revenue, comprised of the construction/industrial and general tool segments, remains positive for 2021 and beyond. The updated third quarter forecast released by the American Rental Association (ARA) at The ARA Show 2021 in Las Vegas, shows equipment rental revenue to exceed $47.6 billion in 2021. […]
The global market for epoxy hardeners are poised to surge at a CAGR of 6.05% from 2021 to 2031, according to a newly published market intelligence report. As per the study, the industry is likely to touch US$ 6.3 Bn by the end of the aforementioned forecast period. Dynamic trends […]
According to a recent study by an ESOMAR-certified market research and consulting firm, the global resilient flooring market is forecast to rise at a steady 5.6% CAGR, in value terms, reaching US$ 10 billion by 2026. Long-term projections for the market appear even more lucrative, with an expected CAGR of […]
While construction companies continue to face supply chain disruption as a result of the pandemic, these companies are more optimistic (56%) than the national average (52%), expecting overall economic conditions in the U.S. will improve, according to a new study from Umpqua Bank. The survey clearly shows that construction firms […]
As per a market research and competitive intelligence provider, the global coating additives market had a value of around US$ 8 billion in 2020. The predictions also show that it will expand at a CAGR of 5% over 2021-2031 forecast period. The expectation is that the increased adoption of smart […]
