The construction market outlook for the year 2018 is mainly positive in Cramo’s operating countries. Growth is still expected, but in many countries the growth that accelerated in 2017 is estimated to level out. According to the latest Euroconstruct and Forecon estimates, the construction market will grow approximately 3.5% in Sweden and Norway and 1.0–1.5% in Finland, Austria and Germany. For the Czech Republic, Slovakia, Hungary and Poland, Euroconstruct estimates on average 9.3% market growth. Forecon’s construction market growth estimate for the Baltic states is 3.4% and the Russian construction market is expected to grow by 5%.The local Sverige’s Byggindustrier has projected 4% growth for the Swedish construction market in 2018. The Confederation of Finnish Construction Industries increased its estimate in October 2017 and forecasts that the construction market in Finland will grow by approximately 2%. Residential construction in Finland is growing stronger, which sets a positive outlook for 2018.
The European Rental Association (ERA) forecasts that the equipment rental market will grow in all of Cramo’s operating countries that are within the scope of ERA’s forecast in 2018. Forecon estimates the equipment rental market to grow by approximately 5% in Finland, 3% in Sweden and 2% in Estonia and Lithuania in 2018.