Rented equipment and tools continue to play a significant role in the work being done on construction sites in North America.rnCiting figures from its 2007 State of the Equipment Rental Industry Report, the American Rental Association (ARA) says that construction and industrial equipment rentals accounted for 69.7 percent of the $44.3 billion in rental revenues posted in the U.S. and Canada last year. In addition, the general tool category accounted for just under 25 percent of revenues.rnThe report found that rental companies contributing information for the study said nonresidential construction more than offset the decline in business from the sagging housing market.rnLooking ahead, the ARA report projected continued growth for the rental industry, but at a slower pace than the compound rate of 4.1 percent in 2007.rnWhile it is clear rental equipment is routinely used on underground construction, maintenance and rehabilitation projects, this ARA report and others in the past have not included statistics about the types of equipment most-often used on underground projects. Because horizontal directional drilling and vacuum excavation equipment are not widely available in the general rental outlets, most would not be included in ARA statistics, although they are routinely rented by equipment dealerships.
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