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TOP RENTAL INDUSTRY

The IRN100 list shows the strength of the sector, but there is no doubt that one region was the driving force

The disparity in growth between North America and the rest of the world was striking in the IRN100, a listing of the world’s top 100 rental companies by sales, of which this is an edited version. The data showed that rental companies in the US and Canada posted an average revenue growth of 14.9% compared to less than 4% for companies elsewhere, with the exception of China.

The top three companies – United Rentals, Sunbelt (Ashtead) and Herc – are entirely or mostly active in the region. It is home to seven companies with revenues exceeding €1 billion (US$1.08 billion), ahead of Europe, which has five. United’s acquisition of Ahern Rentals as 2022 came to a close – the biggest rental deal for several years – came too late to have a significant impact on 2022 revenues.

Total revenue for the top 100 companies in 2022 was €66.2 billion (US$71.6 billion), which is up from €56.9 billion (US$61.5) in 2021. Corrected against exchange rate changes, this represented a 14.0% increase over 2021. The largest 15 North American firms constituted 45% of the total, compared to 22% for the 15 largest Europeans.

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