Quarterly review tracks equipment rental market
EquipmentWatch’s 2016-Q4 Rental Market in Review spotlights a variety of trends. The report, available through EquipmentWatch, shows:
–The 4th Quarter of 2016 was about even in terms of rates increasing or decreasing across heavy equipment rental markets.
–Weekly retail rental rates in the 4th quarter increased in six of the top ten equipment types as compared to Q3.
–Looking forward to 2017 Q1, analysts expect retail rental rates to remain about the same as Q4.
Government fleet managers are often in the equipment rental market when an agency needs a public works capital project or maintenance task completed, says Michael Quinlan Jr., an Industry Analyst at EquipmentWatch.
The quarterly rental update shows the trends for 10 popular equipment types over the past four quarters. It also shows the regional adjustment for each region in the U.S and Canada. The quarterly report also spotlights the overall state of the market and new developments and trends in construction and the economy.
Information on a variety of EquipmentWatch intelligence reports is available at this site.