Rentex 2005

Europe’s rental market is valued at around €15 billion a year, with the UK, France and Germany being the biggest markets, but rental markets in Scandinavia and southern Europe are still growing, and eastern Europe is now emerging as a rental market with enormous potential. Construction equipment rental is the largest sector of the market, with operations like Cramo and Loxam bringing to the industry a new level of professional rental services, exploiting the continued trend for major equipment users to outsource their machinery needs. Equipment manufacturers including Caterpillar and Volvo are also promoting rental through their dealer rental strategies.

But rental is also expanding in other areas, such as power and temperature control equipment – which is expected to double in value by the year 2010 – temporary accommodation, and the rental of smaller tools and homeowner/DIY equipment. and the world’s access buyers will be present.