The construction industry grappled with serious issues during Covid-19 but responded well to a surge in demand recently. The construction rental equipment market has been vital in supporting rapid growth in the industry. ResearchandMarkets reports that the heavy rental equipment market is projected to reach $117,788.8 million by 2030 with a CAGR of 4.3% from 2021 to 2030. This growth may translate into an increase in customer demand, greater adoption of advanced, up-to-date rental equipment, and increased profits for rental businesses.

The American Rental Association has forecast an 11.1 percent increase in equipment rental revenue and projected that the construction and general tool segments will reach nearly $56 billion this year. While these are encouraging numbers, your equipment rental business profitability depends on more than just a growing market. 

Why Businesses Need Party Rental Software

With businesses and households holding more and more events each year, the revenue from party rentals is predicted to grow. With an annual revenue of around 5 billion, there are no dominant market leaders in the party rental industry. What this essentially means is that there is lots of room for businesses to grow and become industry leaders – but there is also heavy competition among existing players vying for that top spot. Party rental businesses need to do everything they can to optimize their rental processes, cut costs and plan for growth. Continue reading →

This February the American Rental Association will be hosting its 61st annual convention. More than 675 exhibitors from all corners of the world will be showcasing their products and services on one of the largest equipment rental conventions and trade shows in the world. According to ARA, “Every aspect of the show is designed with one thing in mind: profit.” Rental businesses will use the opportunity to network, catch up on industry trends and find solutions like an efficient rental software to overcome many of their equipment troubles. Whether you are a small business or a large enterprise associated with the rental business it seems that attending the ARA Rental Show is a must. Here is a list of 5 reasons why you should attend the ARA Rental Show.
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