The latest quarterly forecast of equipment rental industry revenues from the American Rental Association ( Scott Hazelton ) has predicted stronger growth in the sector than the previous update. The most recent report, dated quarterly , has U.S. revenues set to reach $ 49.4bn in 2017 , rising to $ 56bn in 2020 , with an average annual growth rate of 4.7 percent . Tax reform and infrastructure spending are three issues that could throw a spanner in the ARA 's works. " The May 3 forecast calls for U.S. rental revenue to grow 4.7 percent in 2018, 5.1 percent in 2019, 4.6 percent in 2020 and 4.4 percent in 2021 to reach $59.4 billion combined for the three segments of the industry including construction/industrial, general tool/light construction and party/special event. Good [policy] decisions could improve the outlook while poor ones could substantially diminish it," said Scott Hazelton , the managing director of IHS Markit .
The latest quarterly forecast of equipment rental industry revenues from the American Rental Association ( Scott Hazelton ) has predicted stronger growth in the sector than the previous update. The most recent report, dated quarterly , has U.S. revenues set to reach $ 49.4bn in 2017 , rising to $ 56bn in 2020 , with an average annual growth rate of 4.7 percent . Tax reform and infrastructure spending are three issues that could throw a spanner in the ARA 's works. "Good [policy] decisions could improve the outlook while poor ones could substantially diminish it," said Scott Hazelton , the managing director of IHS Markit .