Tag: Forecasts

Hydrophobic Coating Market Forecast

ARA Forecast Calls for Double-Digit Revenue Growth for Equipment Rental in 2022

Even with supply chain issues and labor shortages, U.S. equipment rental revenue, including both construction and general tool, is expected to grow by 11.1 percent to reach nearly $56 billion in 2022, according to the latest quarterly forecast released by the American Rental Association (ARA). Construction equipment rental is leading […]

Giatec Maintains Robust Supply Chain for SmartRock Wireless Concrete Sensor Despite the Global Chip Shortage

While other companies struggle with suppliers due to the global chip shortage, Giatec has increased SmartRock production to meet their growing customer demand Giatec Scientific Inc is a world leader in concrete testing technologies. Recently, the company announced that the worldwide semiconductor chip shortage has not affected production of SmartRock. […]

Hydrophobic Coating Market Forecast

ARA Forecast Continues to Call for Significant Increases in Revenue and Investment

The outlook for equipment rental revenue, comprised of the construction/industrial and general tool segments, remains positive for 2021 and beyond. The updated third quarter forecast released by the American Rental Association (ARA) at The ARA Show 2021 in Las Vegas, shows equipment rental revenue to exceed $47.6 billion in 2021. […]

Construction Economic Conditions Sees More Growth Ahead, Survey Finds

While construction companies continue to face supply chain disruption as a result of the pandemic, these companies are more optimistic (56%) than the national average (52%), expecting overall economic conditions in the U.S. will improve, according to a new study from Umpqua Bank. The survey clearly shows that construction firms […]