Two business divisions to stand tall on
Based on our strategy, we aim for a leading market position in chosen markets in both product areas. The sharing economy and other megatrends support the market growth of the Equipment Rental as well as Modular Space division.
We are one of the leading providers of equipment rental services in Europe. Our equipment rental services comprise a full range of machinery and equipment as well as related services. Through the Cramo Rental Concept, which includes a network of 300 depots and an e-commerce solution, we provide a wide variety of rental services to construction companies, the manufacturing industry, the public sector and private customers in Finland and Scandinavia as well as in Central and Eastern Europe. The increasing volume of construction and the level of industrial investments are key growth drivers for equipment rental. In addition, the benefits of sharing, technological advances that lead to a higher cost of ownership and the need for comprehensive solutions and service concepts affect demand.
IN RENTAL MARKET IN EUROPE
We are the leading modular space provider in the Nordic countries. We offer high-quality temporary space solutions as turn-key project deliveries for varying rental periods. Our solutions are divided into four segments: schools, daycares, office space and accommodation. We serve both the public and private sector and operate in the Nordic countries, Estonia, Lithuania and Germany. Modular space solutions are provided under the Cramo Adapteo brand. The modular space business growth drivers include fluctuating space needs for different functions in society and growing demand for office space as a result of greater economic activity
IN MODULAR SPACE IN THE NORDIC COUNTRIES
Growing market for both divisions
The estimated rental market size in the countries where Cramo’s Equipment Rental division operates totalled about EUR 8.1 billion in 2017. We anticipate about 3.7% annual market growth in our Equipment Rental operating countries during 2017–2019.
The modular space market size in the countries where Cramo Adapteo operates totalled about EUR 1.3 billion in 2017. Going forward, we expect annual market growth of about 8.8% in our operating countries for the next three years. Over the long term, growing demand for rental services is supported by a number of megatrends.
MODULAR SPACE MARKET SIZE DEVELOPMENT ESTIMATE 2017–2020, CAGR5
EQUIPMENT RENTAL MARKET SIZE DEVELOPMENT ESTIMATE 2017–2019, GAGR4