European rental to grow 3.6% this year says ERA

The European Rental Association (ERA) has issued a second update to its 2020 Market Report and is forecasting that Europe’s equipment rental industry will be flat in 2021 before recovering to growth of 6% in 2022. The ERA also said the 2020 performance was worse that originally estimated, with total rental revenues down 8%.

The main changes from the first update in February 2021 concern the 2020 figures, which confirm the regional discrepancy in the impact of the Covid-19 pandemic, with a worsening picture for the southern European countries and the UK, and a better-than-expected situation for countries in central and northern Europe.