Euro Rental “Worth €22 Billion”

20 March 2008

The European Rental Association (ERA) has valued Europe's equipment rental business at over €22 billion after canvassing its rental company members and manufacturers.

The figure was announced at ERA's second annual conference, which opened in Berlin on Tuesday 5 June. This is the ERA's preliminary attempt to value the market, and it has now engaged specialist consultants, Global Insight, to carry out a detailed study.

Gerard Deprez, president of ERA, told the more than 175 delegates to the convention that Europe's rental market was enjoying a period of high construction activity and that growth would likely be sustained, with “prospects looking bright until 2012.” Mr Deprez said that Europe's rental market grew by an estimated 8% last year and that “2007 will be better”.

The high attendance at the second convention – more delegates than at the first event in Brussels last year – was hailed by Mr Deprez as confirming ERA's arrival; “ERA has found its place in Europe right from the first year.” See the ERA pages in this issue for more.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Loxam accelerates environmental shift
Equipment rental company aims to halve direct emissions by 2030 and cut indirect emissions by 30%
New HBOX+ lighting tower from Himoinsa
HBOX+ is designed for efficiency, connected remote control, safety and easy transport
Carrier Rental Systems launches ‘clean air’ fleet
Air scrubbers and filter units are designed to improve indoor air quality and improve productivity
CONNECT WITH THE TEAM
Murray Pollok Managing Editor Tel: +44(0)1505 850 043 E-mail: murray.pollok@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA