All Market & forecasts Articles
Speedy Hire said it is preparing for a challenging market for the next two to three years, with the possibility that the worst of the UK recession was still to come.
The European equipment rental industry was worth €33.6 billion in 2008, a 2.8% decrease on the previous year, according to new research commissioned by the European Rental Association. The figure comprises €24.4 billion for rental of equipment without operators and €9.2 billion with operators.
Mathew Taylor, CEO of JCB believes the construction equipment market could recover quickly if credit became more widely available.
South America promises to be a fantastic rental market in the decades to come. But for now, where are the market opportunities, and who is grasping them? Murray Pollok reports.
The events rental market is preparing for a slowdown in 2009, but several major temporary structure rental companies and manufacturers told IRN that 2009 would not see a dramatic downturn in the sector.
Italian rental companies are reporting continued growth in the country's rental market despite the economic situation, with particular opportunities in the south of the country.
The latest report on the UK's plant hire market forecasts a market decline of around 4-5% during 2008-9, followed by a flat 2010 before some market recovery in 2011-12.
The Russian equipment rental market could reach €1 billion in revenues within five years, according to a leading Russian rental consultancy, MS Consulting.
Caterpillar said it wants to open more that 550 new Cat Rental Store locations worldwide within the next three years. The ambition was announced the weekend before the Conexpo exhibition as Cat marked the opening of its 500th US store and the 10th anniversary of the creation of the first Cat Rental Store.
Renowned US rental consultant Dan Kaplan will give the keynote address at the European Rental Association’s annual convention in Amsterdam in June. The convention tales place alongside the new International Rental Exhibition (IRE) at the RAI exhibition centre on 3-5 June.
US rental consultant Dan Kaplan will give the keynote address at the European Rental Association’s (ERA) annual convention in Amsterdam, the Netherlands in June, taking place alongside the International Rental Exhibition (IRE) at the RAI exhibition centre.
Everybody talks about the growth of rental, but what is actually happening on the ground in individual markets? Murray Pollok reports.
The Netherlands already has a relatively mature equipment rental industry – valued a around €480 millio annually – but ther is still enormo potential for grow according to one of the major rental firms in the country.
South African rental companies can expect to benefit from the boost to infrastructure spending as South Africa prepares to host the 2010 World Cup, but according to Dave Erskine, founder and chief executive officer of Durban-based contractor and rental company Erbacon, the World Cup is merely the icing on the cake of an already booming construction market.
Hungary's rental market is valued at a very modest €35 million by the European Rental Association (ERA), a figure that is, if anything, an overestimate according to Ákos Hajós (pictured), operations manager at Huntraco's Cat Rental Store division in the country.
Don't expect an explosion of rental growth in Romania, says Razvan Marcu, marketing manager at Marcom (pictured), a Bucharest-based distributor for Komatsu, Potain, Grove and Sennebogen.
Poland is one of the big potential rental markets in Eastern Europe, but is still very much in its infancy with total rental revenues of around €110 million in 2006, according to the European Rental Association (ERA).
Mini excavators in the sub 3 t category are enjoying a surging popularity, as rental companies respond to demand from their customers who recognise their benefits-simplicity, versatility and affordability. The last 12 months has seen a flurry of activity in the mini-excavator sector, as Kate Barker reports.
The first Europlatform conference for access rental professionals took place in Basel, Switzerland, on 11 September, and was attended by over 100 rental company managers, equipment dealers and manufacturers. The event was jointly organised by IRN's sister magazine, Access International, and the International Powered Access Federation (IPAF). Murray Pollok reports.
Rental in China is still in its infancy, but the recent BICES exhibition in Beijing, China, attended by over 60000 visitors, provided evidence that its profile is rising, with one of China's biggest equipment manufacturers, Liugong, promoting rental on its stand at the show.