The European Rental Association (ERA) forecasts that the equipment rental market will grow in 2019 in all Cramo’s operating countries within the scope of ERA’s forecast, varying approximately between 4 to 6%. Forecon estimates that the equipment rental market will decrease in 2019 by 1% in Sweden, grow in Norway by 2% and in Lithuania by 6%, while in Finland and Estonia equipment rental market is indicated to remain at the same level as in 2018.
In equipment rental, changes in demand usually follow the construction market with a delay. The construction market outlook for the year 2019 includes large country-specific differences. According to Euroconstruct June 2019 estimates, the construction market will decrease by 3.2% in Sweden and by 1.9% in Finland, mainly due to a decline in residential construction and new building. In Norway, the construction market is expected to grow by a solid 4.7%. In Germany and Austria, growth is forecasted to be 0.2–1.8%. Growth is rapid in the Czech Republic, Slovakia, Hungary and Poland, where Euroconstruct estimates on average 7.4% market growth. Forecon’s construction market growth estimate for Lithuania and Russia is approximately 2–3%; the Estonia market is indicated to decrease by 2%. The Sveriges Byggindustrier kept their latest construction market outlook unchanged in April 2019, indicating that the Swedish construction market will decline by 3% in 2019. The Confederation of Finnish Construction Industries forecasted in April 2019 that the peak in the construction market has been reached and a slight decrease is projected thereafter.