Near-term future looking bright

By Joe Malone10 April 2018

Year-on-year market conditions have improved in the first quarter of 2018, while the next 12 months are looking healthy, according to the ERA/IRN RentalTracker.

Rental tracker q1 2018

A total of 50% of respondents said they felt market conditions were improving, compared to a balance of 53% in the third quarter of 2017 – the last time ERA/IRN Rental Tracker survey was published, following the decision to cut it to twice a year, rather than for each quarter.

Most notably, and equalling last year’s outcome, 100% of respondents in Spain said they believed market conditions were improving.

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

Going hand-in-hand with improving market conditions is a general perception of year-on-year growth and, that said, there was also a record balance of respondents saying that conditions had improved since the first quarter of 2016, at 56.7%. This proved to be a record high since the ERA/IRN RentalTracker began.

Looking back at the comparable 2017 survey, a balance of 54.7% said improvements had been made year-on-year, which was a record high at the time.

Investment is often a key barometer as to the future optimism of a company and, in terms of fleet investment, a balance of 44.9% of respondents said they would increase their investment in their fleets over the next year. This compares to 36.7% in the previous survey, and 35.2% in the same period a year ago.

The full report is available in the April-May 2018 issue of IRN.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Access International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Webinar to explore trends in Spain’s rental sector
Jointly organised by ASEAMAC and SMOPYC, webinar will explore key rental trends in Spain
Coates CEO Murray Vitlich on ‘the evolution of hire’
Read IRN’s exclusive interview with CEO of Coates, Australia’s largest rental company
EFI invests in Pulseo scissors
Tennessee-based rental company purchases Haulotte HS5390 E PRO scissors
CONNECT WITH THE TEAM
Euan Youdale Editor, Access International Tel: +44 (0)1892 786 214 E-mail: euan.youdale@khl.com
Ollie Hodges Sales Manager Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
CONNECT WITH SOCIAL MEDIA