Market indicators

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

Construction output development in Ramirent countries

2014  2015  2016 2017E 2018E

Finland

-2.0% 1.5%  6.8% 1.7% -0.3%

Sweden

6.2% 5.8% 6.9% 8.1% 2.9%

Norway

1.4% 1.8% 6.7% 5.6% 3.6%

Denmark

2.1% 1.3% 2.1% 2.2% 2.7%

Poland

5.1% 4.1% -0.8% 4.9% 6.5%

Czech Republic

4.1% 7.0% -9.0% 0.0% 4.9%

Slovakia

-3.9% 18.5% -5.4% 4.0% 1.7%

Estonia

-1.0% -4.0% 2.0% 3.0% 1.0%

Latvia

-1.0%  -11.0% 1.0% 6.0% 10.0%

Lithuania

11.0%  4.0% 1.0% 1.0% 1.0%

Source: Euroconstruct, June 2017


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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