New ARA Research is Bullish on Future of the Rental Industry; Key findings released at The Rental Show.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- The American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Rental Association (ARA Ara or Arrah (both: ŭ`rə), city (1991 pop. 157,082), Bihar state, NE India, on the Son Canal. A major road and rail junction, it is the administrative center for a district that produces grain, sugarcane, and oilseed. ) has released key findings from the equipment rental industry's first comprehensive state-of-the-industry research report. The research, released this week at The Rental Show in Las Vegas, will serve as the cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to for industry research to be provided by ARA for the construction, general tool and party/special event segments of the equipment-rental market. The report, which estimates domestic revenue potential for the industry in five years to reach $30.7 billion, is the first of its kind to provide insight into the industry as a whole as well as by these market segments. "As the trade association representing the equipment rental industry, ARA takes very seriously our role to serve as the information source and resource for the industry," said Christine Wehrman, ARA executive vice president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "ARA will continue to be the leader in this initiative." The ARA 2004 State of the Equipment Rental Industry Report results indicate 2004 domestic rental revenue estimates at $23.8 billion, dominated by the construction/industrial segment ($13.4 billion), followed by the general tool segment ($8.8 billion), and party/special event rentals ($1.6 billion). The dollar value placed on 2004 rental-equipment inventory for the industry is estimated at $34.1 billion. On an annual basis, the industry reinvests approximately $3.3 billion into new inventory. Inventory and annual dollar investment follow the same pattern as total rental revenue for the three rental segments. Domestic revenue generated from the party/special event segment of the industry is projected to increase 37.5 percent over the next five years to $2.2 billion, the largest percentage jump of the three sectors. "It is a bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish future ahead for the equipment-rental market," said Wehrman in reference to the revenue potential for the industry of $30.7 billion, a 28 percent increase over the next five years. "The rental industry is poised for dynamic growth." ARA partnered with International Communications Research based in Media, Pa., to conduct the research. Additional information from the report will be featured in upcoming 2005 ARA publications. The American Rental Association (ARA), an international non-profit association founded in 1955, comprises more than 7,500 owners of equipment rental businesses and 1,100 manufacturers and suppliers of rental equipment. ARA is based in Moline Moline (mōlēn`), city (1990 pop. 43,202), Rock Island co., NW Ill., on the Mississippi River, in a coal area; inc. 1848. It is a transportation and industrial center, and has been a major producer of farm machinery since the industrialist John , Ill., and operates additional offices in Washington, D.C., Austin, Texas, and Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. Along with the American Rental Association Foundation, the ARA works to represent, educate and promote the growing rental industry. The ARA annually sponsors The Rental Show, the largest rental trade show in the world. For more information, visit the ARA Web site at www.ararental.org, or call ARA at 800/334-2177. |
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