EasyTurf lands a big customer
Artificial turf manufacturer EasyTurf says it has been selected by playground industry company Kompan North America to be the exclusive supplier of artificial grass for its nationwide playground construction projects.
The agreement between the EasyTurf, the landscape arm of Field Turf, and the playground systems and equipment company came after an extensive review process, said Kopman.
“At Kompan North America we are dedicated to creating exceptional play environments that promote healthy opportunities for users of all ages and all abilities,” says Jay Cooke, Kompan VP sales, North America. “It is critical that our supplier partners offer a product that is superior in performance, while also delivering a clear and meaningful difference within their category.”
Kompan creates unique recreational play structures and playgrounds throughout the U.S. and worldwide.
In recent years, synthetic turf has become the preferred landscape design solution for playground applications, surpassing sod and other natural landscape products, according to the maker of synthetic turf.
The company says applications for artificial grass surfacing on playgrounds and in recreational areas continue to grow throughout North America. Artificial turf, originally known for its sports field and golf course applications, has experienced a boost in popularity in the commercial and residential landscape sectors as well as in school, daycare and pet facilities. Costly maintenance and water rate increases have also driven the switch to artificial grass for municipal landscapes and pet facilities.
“Becoming the exclusive artificial grass supplier to Kompan because of our industry-topping quality is an exciting opportunity,” says David Hartman, EasyTurf President.
Rental industry expects growth
The equipment rental industry in the United States is expected to generate $33.6 billion in revenue in 2013, according to the American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor.
This figure represents a 7.3% increase over 2012, with revenue growth reaching 7.9% in the fourth quarter, according to the latest quarterly forecast.
In the United States, the construction market and consumer spending are expected to be the most important drivers of growth of the equipment rental market in 2013. “The U.S. equipment rental market is expected to continue its upward trajectory and show significant growth through 2017. Strong growth in real residential construction through 2015 will fuel the construction and industrial equipment segment,” reads the analysis from the Rental Market Monitor.
Projections call for 9.8% growth in 2014 and 11.8% growth in 2015.
In Canada, the equipment rental industry is forecast to generate nearly $4.6 billion in revenue in 2013, a 3.1% increase. In total for North America, equipment rental revenues in 2013 are expected to reach $38.2 billion.
By the end of the current five-year forecast in 2017, North American equipment rental revenue is expected to surpass $50 billion to reach $51.6 billion, with U.S. rental revenue at $46.3 billion and rental revenue in Canada at $5.3 billion.
“Rental has grown during the anemic economic recovery through increased penetration. As industrial and construction markets continue to improve, rental will see further growth from a larger share of the equipment market, leading to double-digit revenue gains by 2014,” said Scott Hazelton, a senior partner with IHS Global insight, which compiles data and analyses for the ARA Rental Market Monitor.
The ARA Rental Market Monitor is a subscription-based service for American Rental Association (ARA) members provided by ARA and Rental Management as part of a partnership with ISH Global Insight, one of the world’s most respected economic forecasting firms based in Lexington, Mass.