Recent data points in M Science’s work suggest the equipment rental market is experiencing a healthy and accelerating recovery, due to improving fleet utilization, moderating rental rate declines, a favorable capex environment, and more.
Equipment rental participants have been keenly watching rental rate trends headed into the winter. Trends in our data suggest rental rates have held up better than feared QTD with rental rate data holding strong through the 15th of the month.
While 2020 has been a tough year all around, there are some signs that we are turning a corner – at least in industrial and construction equipment rentals.
