Percentage of Revenue Increase and Growth

March 12, 2025

Achieved by Utilizing Equipment Rental Software

*The International Rental News100 survey reported a 10.4% increase in global rental revenue in 2023, which grew to 13.4% when adjusted for currency fluctuations. North American companies dominated the rankings, with 41 firms achieving 14% average growth and the top 15 generating $34.7 billion in revenue. Source.

*More sources cited below.

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In the United States, the equipment rental industry has demonstrated significant growth in recent years. In 2023, the industry reached a record rental volume of $41 billion, marking a 15.8% increase from 2022's $35.4 billion. Source.

Projections indicate that this upward trend will continue, with the American Rental Association (ARA) forecasting equipment rental revenue to reach $82.6 billion by 2025, reflecting a growth rate of 5.7%. Source.

While specific data quantifying the direct impact of equipment rental software on revenue growth is limited, the adoption of such technology is widely recognized as a key factor in enhancing operational efficiency and supporting the industry's expansion. The North American equipment rental software market itself is projected to grow from $110.24 million in 2021 to $175.26 million by 2028, at a compound annual growth rate (CAGR) of 6.8%. Source.

These figures suggest that the integration of specialized equipment rental software like Sycor.Rental will significantly contribute to increased revenue growth and operational efficiency in the equipment rental industry. More Information.

Choosing the right equipment rental software is a critical decision that can impact the efficiency and success of your business. Sycor.Rental is more than just equipment rental software; it's a strategic partner in achieving the core goals of your equipment rental business. Sycor.Rental equips you with the tools necessary to thrive in a competitive landscape!

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