EquipmentWatch Q3 2022 Rental Update | EquipmentWatch

EquipmentWatch Q3 2022 Rental Update

EquipmentWatch Rental Report on laptop at construction office

The EquipmentWatch Q3 Rental Update was just released. For the first time this year, we saw significant declines for some types of equipment, although rates rose dramatically for others.

Here are some notable highlights:

  • Average daily, weekly, and monthly rental rates for Crawler Mounted Hydraulic Excavators and I.C. Pneumatic Tire Lift Trucks dropped significantly compared to Q2.
  • Rates for Electric Self-Propelled Scissor Lifts increased sharply, with the average weekly rate now at $611.
  • Compared to Q2, most of the regions we track experienced flat or declining rates.

View the Q3 Rental Update for more data on the rental market and insights about the months ahead.