ARA survey: Majority of contractors plan to extend gear leases

A brand new research for the rental gear business signifies a majority of contractors plan to extend leases in the course of the subsequent yr.

Most contractors surveyed (93 %) rented gear final yr, and 52 % of them mentioned they anticipated to hire extra gear over the subsequent yr. One other 40 % anticipated to  hire not less than as a lot as they did final yr, based on the “Rental Buyer Wants Research” by analysis agency RSG. The research was commissioned and launched by the American Rental Affiliation.

The research indicated that those that deliberate to hire extra subsequent yr plan to proceed utilizing the gear they’re renting or plan to tackle some fast initiatives.

The preferred rental gadgets, based on the research, are moveable bathrooms, aerial lifts, scaffolding, backhoes, dump vehicles and compact excavators.

The highest causes contractors hire are when it makes extra monetary sense to them than shopping for; they wanted gear instantly and didn’t wish to purchase it; or they solely wanted the gear for a brief interval and it was not gear they often use.

The research additionally checked out what contractors need from their rental corporations: attentive customer support; dependable, well-maintained and various gear, on-line engagement, clear communication and rewards. The survey indicated that greater than 90 % of contractors imagine the rental corporations they use are doing a superb job.

Full survey outcomes can be found to ARA members atararental.org.