Equipment Rental Industry 4th Qtr Results
2020 is finished and good riddance! The Event Rental industry felt hardships only equaled by the hospitality industry they serve. On the other side of the fence, general tool rental saw the resurgence of the “weekend warrior” unlike any recent year, with a significant move to short-term, smaller rental contracts. Heavy construction equipment rental was “fair to middling” with growth in certain asset classes but felt a major hit in Oil & Gas support. Here are the results from the Peer Executive Group Network for 4 th Quarter 2020. 4 th Qtr data shows 7.67% median growth with an average of 6.41%. Remember, this data is in comparison to 4 th Qtr 2019. In the previous quarter the average was 7.54% so the average is moving slightly down, but not a bad winter quarter. When you look backwards 12 months (ie. How was 2020?) our median growth tightens up to 1% but our average growth is 4%. ...