Equipment rental industry to grow despite a recessionary environment

Wayne Walley
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).

Serving ARA members

ARA Insurance focuses only on the equipment and event rental industry

Wayne Walley
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.
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