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SUMMARY - CONTENTS
European Rental Market:
Construction MarketsEquipment Markets
Rental Markets
Sustainability:
Markets request of sustainabilityERA view and expectation
Examples of sustainability
CONSTRUCTION MARKETS
In 2009, Total European Construction: - 8,4% (GDP - 4%) at around €1 400 billion
Huge drop in new residential: - 22,5%Sharp decline in non-residential: - 9,7%
Resistance in infrastructure: +1,7%
Wide range among markets from Germany – 1,2%to Spain – 21,5% and Ireland – 32,2%
Source: Euroconstruct
CONSTRUCTION MARKETS
In 2010, Construction Forecast is - 3,3% against 2009
In 2011, Return to growth with forecast at + 1,6%
Acceleration in 2012 at + 2,2%when construction should outperform GDP growth
Construction in Europe represents 11% of GDPWith countries ranging from 5% to 15%
Source: Euroconstruct
EQUIPMENT MARKETS
0
50 000
100 000
150 000
200 000
250 000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009* 2010* 2011* 2012* 2013*
Average 160,000
Europe Sales of construction equipment, 2000-2013 (Units)
Source: Off-Highway Research
RENTAL MARKETS
Total size of the European rental market
Total Turnover for rental without operators reached a peak in 2007 at €25 billion
Decreased: - 2,8% in 2088 - 17,2% in 2009.
After decreasing about 1% in 2010 will be back at €20,2billion
Forecast for 2011: +3,2%
RENTAL MARKETS
in Million € Construction Penetration
Best Estimate Turnover without operators
UK 3,25% 4 920GERMANY 1,30% 3 310FRANCE 1,55% 3 170SPAIN 1,10% 1 370ITALY 0,75% 1 450NETHERLANDS 1,60% 1 120SWEDEN 3,70% 1 120DENMARK 1,50% 405
Main Rental Markets in Europe in 2010
RENTAL MARKETS
In 2009 and 2010 Fleet investment reduced drastically
- in some countries → up to 80% to 90% ↓ from 2008 levels
- in other countries, CapEx less affected with reductions of ~ 25%. Reduction in Fleet sizes
- In some countries → reduced from 14% to 17% in 2009
- In other countries, the fleet sizes remained virtually constant.
RENTAL MARKETS
General Comment on CapEx
- In the early 00’s annual fleet CapEx was typically comprisedbetween 15% and 20% of total fleet value
- The low point was reached at ~ 7% in Western Europe in 2009
- Spending to recover slowly to reach 10% in 2010 and 14% in 2012
SUMMARY - CONTENTS
European Rental Market:
Construction MarketsEquipment Markets
Rental Markets
Sustainability:
Markets request of sustainabilityERA view and expectation
Examples of sustainability
MARKETS REQUEST of SUSTAINABILITY
A Reminder: What is Sustainability?
Definition:
“Development that meets the needs of the present generation without compromising the ability of future generations
to meet their own needs”
The Brundtland Report for the World Commission for Economic Development 1988
MARKETS REQUEST of SUSTAINABILITY
Customer driven: Impact of customer requirements are becoming more onerous
Public expectations: Next generation of Legislative requirements (Resource-efficient and low-carbon economy, Buying green policies in public procurement, Eco Design for Construction Equipment…)
Formal system certification:The formal systems ISO 9001, ISO 14001 and OHSAS 18001 are an excellent platform to use
ERA VIEW & EXPECTATION
ERA → New Committee on Sustainability late 2008, dedicated to reviewing and promoting best practices
relating to all aspects of sustainability(environmental, social and economic).
Two types of deliverables:
1 - A “Framework for Good Practices relating to Sustainability in theRental Industry”.
2 - Factsheets which illustrate several issues mentioned in the framework with concrete examples of achievements/actions taken by rental companies and the benefits delivered.
ERA VIEW & EXPECTATION
1 - Framework
Rental →considered as a fundamentally sustainable activity. Renting equipment is an environmentally sound option compared to everyone buying and owning their own.
Framework aims at supporting rental companies in drafting their CSR policies
Framework outlines the various issues rental companies can consider when looking at the main aspects of sustainability (KPI they can use in relation to each issue.)
EXAMPLES of SUSTAINABILITY
2 - Factsheets
Provide concrete examples of the actions undertaken by leading rental companies relatingto these issues for illustration.
Different aspects of sustainability are closely interlinked, examples outlined in one factsheet can have an impact in several areas:
→ Energy savings for example have an impact on the environment, but can also have a very concrete impact on a company’s energy costs.