Drop In Rental Revenue Forecast
By Mike Osenga14 April 2020
The American Rental Association (ARA) forecasts a 16.6 percent decline in industry revenue for 2020, amounting to a reduction of US$9.3 billion, according to a report by KHL’s Lindsey Anderson in Access, Lift & Handlers.
The economic models, according to research conducted by IHS Markit, show slight quarter-over-quarter improvement for the third and fourth quarters of 2020, however. Canadian rental revenue is projected to drop 11.3 percent in 2020.
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