The European Rental Association (ERA) forecasts that the equipment rental market will grow in 2019 in all of 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 and 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, 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 is projecting that the Swedish construction market will decline by 3% according to their latest October estimate. The Confederation of the Finnish Construction Industries forecasted in October that the peak in the construction market is expected to be reached in 2019 and a slight decrease is projected thereafter.