Market indicators

Construction output development is an important indicator for the rental market development.

Construction output development in Ramirent countries

2014  2015  2016 2017 2018F 

2019F

Sweden

7.5% 6.6% 5.7% 6.6% 2.5%

-0.2%

Norway

1.7%

-0.7%

5.0%

6.4%

4.5%

3.6%

Slovakia

-3.4% 18.5% -11.4% 3.8% 4.1%

2.0%

Poland

4.7% 4.1% -5.0% 8.8% 9.9%

10.0%

Finland

-1.6%

0.3%

7.7%

3.1%

3.5%

-1.5%

Denmark

2.6% 2.6% 3.9% 3.1% 2.4%

2.8%

Czech Republic

4.1% 6.8% -5.6% 3.4% 5.0%

6.7%

Baltics

6.4% -0.4% -7.4% 9.7% 5.6%

1.7%

Source: Euroconstruct, June 2018


RENTAL PENETRATION IN EUROPE

European equipment rental market size is approximately EUR 24 billion and the market is expected to grow by 2.8% in 2016 and 1.9% in 2017, respectively. Industry is still fragmented with over 15,000 rental companies operating in Europe. Average rental penetration in Europe is 1.6%. In Ramirent's markets, Sweden holds the highest penetration rate and Poland the lowest.


rental_penetration-en.png : 52Kb



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