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United Rentals released their financial results for the second quarter of 2021 and raised its full-year 2021 guidance. Matthew Flannery, CEO of United Rentals, said, “We were pleased with our second quarter results, which were in line with our expectations and reflected a continued recovery across our construction and industrial markets. I continue to be proud of the job our team does every day to safely support our customers as their activity levels rebound.” Flannery continued, “Looking forward, we remain encouraged by the gains we’ve seen in end-market indicators, including our customers’ sentiment and project visibility. We are raising our guidance to reflect the expected contribution from our recently completed acquisitions, as well as accelerated momentum in our underlying business. Combined, we believe this positions us well to deliver strong growth and returns in the second half of the year.” ....
Impact of COVID-19 The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. COVID-19 will have At Par impact on the construction scaffolding rental market. The construction scaffolding rental market in the Construction & Engineering industry is expected to grow by USD 2.30 billion, progressing at a CAGR of almost 5% during 2020-2024, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Construction Scaffolding Rental Market 2020-2024: Key Highlights CAGR of the market during the forecast period 2020-2024 ....
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