Over the last three years, equipment rental operators have had to deal with a continuing pandemic, supply chain issues that have delayed delivery of equipment to add to inventory, increased costs and difficulties in finding people to hire.

Yet the equipment rental industry continues to grow and expand. In 2022, in fact, the latest American Rental Association (ARA) forecast calls for an 11.1 percent increase in equipment rental revenue, including the construction and general tool segments, to reach nearly $56 billion this year.

To recognize those who are making a difference, we are introducing Rental Management Market Movers as a way to feature equipment rental companies of all sizes who are making an impact in their respective markets and shine a light on how they are able to grow revenue at such a rapid pace between 2022 and 2024.

For many, 2019 was a record year for equipment rental revenue with expectations of continued growth into 2020 and beyond. Then came a pandemic and lockdowns that decimated those in the event rental segment as both large corporate and personal celebrations to small gatherings were canceled or postponed. While equipment rental companies initially felt some of the same pinch, pivoting to contactless rentals and more resulted in many businesses growing revenue in 2020 with the momentum carrying over into 2021 and 2022.