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) in mid-April.

The equipment rental industry is growing at a fast clip and total revenue, according to the American Rental Association (ARA), will nearly surpass $60 billion in 2025.