ERA video shows return to rental growth in Europe
By Belinda Smart01 March 2022
The European Rental Association (ERA) has released a video showing the main findings of the ERA Market Report 2021.
It shows that following a difficult 2020 due to the outbreak of the pandemic, there was a return to growth in 2021.
“The reopening of most European economies after the first quarter of 2021 proved beneficial for rental activity as construction was able to pick up and other sectors of the economy also reopened,” said ERA.
“The performance throughout the rest of the year improved in most markets and now points to a solid growth forecast for 2021, mainly in Southern Europe and the UK, which were the worst-hit regions, while growth in Nordic countries and Eastern Europe remains more constrained.”
Watch the video here: https://youtu.be/JY3bllAC-J4
ERA said the pandemic continues to hamper the recovery in some markets, both directly and indirectly, however.
At the same time, further significant growth is expected in the short term.
The ERA Market Report, developed in collaboration with IHS Markit, contains market intelligence on the European equipment rental market and offers a unique Europe-wide industry benchmark.
It contains detailed market information for the years 2018 to 2023 and key indicators, including rental turnover, fleet value and investments.
The ERA Market Report 2021 is available at: https://erarental.org/market-report-and-rental-tracker/