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 where the growth is forecasted to be 8.2%. Forecon estimates that the equipment rental market will decrease in 2020 by 1% in Sweden and 2% in Estonia, grow in Norway by 4% and in Finland and Lithuania by 2%.
In equipment rental, changes in demand usually follow the construction market with a delay. According to Euroconstruct June 2019 estimates, the construction market will decrease by 3% in Sweden and Finland in 2020. 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 forecast to be -0.7% and 1.2% respectively.