The European Rental Association (ERA) has released a video showing the main findings of the ERA Market Report 2021. Following a difficult 2020, in which the COVID-19 pandemic took Europe by surprise, 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.
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.
Despite this, the pandemic continues to hamper the recovery in some markets, both directly and indirectly, and it is important to stress the extreme conditions of 2020 and 2021. Large peaks are expected this year, and further significant growth is expected in the short term.
The ERA Market Report, developed in collaboration with IHS Markit, is the leading source of market intelligence on the European equipment rental market and the only 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.
Visit the ERA website to find out more about the ERA Market Report 2021 and how to order a copy: https://erarental.org/market-report-and-rental-tracker/