After two years of rapid post-pandemic revenue growth in 2021 and 2022, the equipment rental industry is expected to settle into a steady pattern of single digit increases over the next four years according to the latest American Rental Association (ARA) forecast released in early November.

Equipment rental revenue, comprised of the construction/industrial and general tool segments, is expected to grow by 3.4 percent in 2023 to reach a record total of nearly $57.7 billion, topping the nearly $55.8 billion recorded in 2022, according to the latest forecast released in early November by the American Rental Association (ARA).

John Kennedy, CPA, president, ARA Insurance, Overland Park, Kan., a subsidiary of the American Rental Association (ARA), recently answered questions from Rental Management about the impact of natural disasters and other issues on the insurance industry, the growth of ARA Insurance and the outlook for 2023.

Dan Hooks, CERP, president and CEO, Party Reflections, Charlotte, N.C., has served as an American Rental Association (ARA) officer for the last three years, including president-elect in 2020, as ARA’s 59th president in 2021 and as board chair in 2022.

United Rentals, Stamford, Conn., the world’s largest equipment rental provider, is celebrating a milestone anniversary this year: 25 years in business, serving customers and communities across North America, and within the last five years, globally.