A record balance of 60% of respondents said European market conditions were improving in the 2017 fi

A record balance of 60% of respondents said European market conditions were improving in the 2017 first quarter ERA/IRN RentalTracker

Improving European market conditions and optimism for the future were the views shared by Europe-based rental companies, according to the first quarter ERA/IRN RentalTracker.

A record balance of opinion was recorded for current market conditions, at 60%, meaning respondents opted for answering ‘improved’, rather than ‘stable’ or ‘deteriorating’ to the survey questions. This compared with 50% in the comparable 2016 survey.

The balance figure recorded for each question in the ERA/IRN RentalTracker – which is jointly organised by IRN and the European Rental Association (ERA) – is the percentage of positive responses minus the percentage of negative responses.

Most notably, 100% of respondents in Spain said they believed market conditions were improving. However, in relative terms, the market in Spain is on the up, following a crash amid the economic downturn, which took the country longer to see a recovery than many other countries in Europe.

Following Spain came France, with 75% of respondents saying that market conditions were improving, while just over 55% of Russian respondents said the same.

There was also a record balance of respondents saying that conditions had improved since the first quarter of 2016, at 54.7%, compared to the first quarter survey a year ago, which saw only 15.2% of respondents share these views.

Again in France, 75% of respondents said this was the case while, while 70% of English respondents agreed.

Looking ahead to the next 12 months, an overall balance of 57.4% of respondents said that they expected market conditions to be better in the first quarter of 2018. In Spain, that figure was 83.3%, while 77% of English respondents felt the market would improve over the next year.

For the full 2017 first quarter ERA/IRN RentalTracker results, download the May issue of International Rental News (IRN) at www.khl.com

Newsletter

Delivered directly to your inbox International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more!

Sign up for free

Newsletter

Delivered directly to your inbox International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more!

Go to newsletters