The European Rental Association (ERA) forecasts that the equipment rental market will grow in 2020 in all of Cramo’s operating countries, varying approximately between 4 to 5%, except in Poland and Czech Republic where the growth is forecasted to be 8% and 6%, respectively. Forecon estimates that, in 2020, the equipment rental market volume will remain at last year’s level in Sweden, and grow by 4% in Estonia, grow by 5% in Finland and grow by 6% in Norway and Lithuania.
In equipment rental, changes in demand usually follow the construction market with a delay. According to Euroconstruct November 2019 estimates, the construction market will decrease by 2% in Sweden and remain at last year’s level in Finland. The Sveriges Byggindustrier is projecting that the Swedish construction market will decline by 2% in 2020 according to their latest estimate in October 2019. In Norway, the construction market is expected to grow by 2%. In Germany and Austria, growth is forecasted to be – 0.6% and 1.3%, respectively.