The U.S. construction and general tool rental industry finished 2024 as an $83.3 billion industry, up 8% from 2023, according to the American Rental Association (ARA) updated forecast. It projects 5.2% growth this year, to $87.5 billion.
ARA project growth to slow to 4.1% and 4% in 2026 and 2027, respectively, citing moderated investment in both the construction and general tool industries.