Baird, in partnership with Rental Equipment Register published the results of its Q3 2011 survey of the rental equipment industry.  The report indicated construction equipment rental revenue growth of 10.1% year over year and an improvement from 9.3% growth in the second quarter of 2011.
 
According to the survey, respondents reported that average fleet size grew 6.6% year over year, and was up slightly from 5.3% growth in Q211. “Most rental houses have right-sized their fleet, so we are seeing minor rate increases due to availability,” one respondent said.

The report indicates that all geographic and end-market segments appear to be benefitting from economic uncertainty with increased rental vs. ownership.

Participants in the Baird/RER survey are senior corporate executives or senior managers at regional divisions of rental equipment businesses in all regions of the United States, parts of Canada and some international markets, representing nearly $16 billion in annual revenue.