The European Rental Association has published a report, produced in cooperation with IHS Global Insight that contains a country-by-country analysis of the rental market in 12 European countries. The report says the total size of the European equipment rental market, without operators, was €22.63 billion at 2013 exchange rates (about U.S. $28.6 billion at current exchange rates), representing an average decrease of 1.4 percent compared to 2012. The report expects an increase of 2.8 percent in 2014 to about €23.25 billion, with an additional jump of 2.6 percent in 2015 compared to 2014.
The report, entitled The European Equipment Rental Industry 2014, includes detailed market size information for the years 2011 through 2014 and key ratios about fleet size and investment as well as penetration rates. The report includes forecasts for 2015 and 2016 for each country.
The report details huge differences between the various countries, ranging from a nearly 10-percent increase in the size of the U.K. market in 2013 to a 19-percent decline in Portugal. The report also introduces a ratio for rental penetration against GDP, as well as traditional ratios against total construction output and against country population.
The 2014 contains 75 pages of statistical information with expanded details per country. Each country contains four pages of detailed information in local currency to better measure the trends independently from the variation of the currency exchange rate against the Euro.