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 grow in 2019 by 3% in Finland, 1% in Sweden, 2% in Estonia and 6% in Lithuania.
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 November 2018 estimates, the construction market will decrease by 3.8% in Sweden and by 1.2% in Finland mainly due to a decline in residential construction. In Norway, the construction market is expected to grow by a solid 4%. In Germany and Austria, growth is forecasted to be 0.1–1.5%. Growth is rapid in the Czech Republic, Slovakia, Hungary and Poland, where Euroconstruct estimates on average 9.1% market growth. Forecon’s construction market growth estimate for Lithuania and Russia is approximately 2–4%, whereas in Estonia the market is forecasted to decline slightly by 1%. The Sveriges Byggindustrier kept their latest March 2018 construction market outlook unchanged, 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 reached and a slight decrease is projected thereafter.