A report from Moline-based American Rental Association (ARA) and Global Insight Inc of Waltham, Massachusetts projects rental revenues in North America exceeding USD52 billion in 2012 - up from USD42.3 billion in 2007.
ARA monitors aspects of the material handling industry including forklift attachments, replacement parts, rough-terrain models, telescopic handlers and vertical mast units.
The US rental market has grown since 1998 at a compound annual rate of 7.9%. The 2007 figure for rental of US construction and industrial equipment was USD25.5 billion.
ARA and Global Insight teamed up initially in 2004.
ARA sells the report to members for USD695 and non-members for USD2,995. More than 160 pages of statistical information focus on the construction/industrial, general tool and party/event sectors of the equipment rental market.
The Rental Show, ARA's major annual event, runs from 2-5 March 2009 at the Georgia World Congress Center in Atlanta, Georgia.