The construction and equipment rental service mar-kets are expected to grow stronger in almost all of Cramo’s market areas in 2011. According to construction market research organisation Euroconstruct, construction activity will grow some 3–4 per cent throughout the Nordic region in 2011. Two-digit growth rates are forecasted for Poland and Estonia. Elsewhere in Eastern Europe (excluding the Czech Republic), growth is estimated at 4–6 per cent. In Central Europe, construction activity is expected to in-crease by approximately one per cent in Germany, Austria and Switzerland. The growth forecast for Hungary is some five per cent.
Cramo’s experience shows that changes in the equipment rental market follow changes in construction activity with some delay. From the spring onwards, rental markets are expected to grow stronger in almost all of Cramo’s market areas compared with the previous year.
Cramo anticipates stronger growth in the demand for rental services than in construction. Increased interest in equipment rental as an alternative to owning will contribute to the growth of the rental market. Construction companies are also finding arrangements where companies outsource their equipment fleets to a rental service company to be increasingly attractive.
As a consequence of improving prospects, Cramo Group’s investments will increase.