The Rental Tracker survey organised by International Rental News magazine and the European Rental Association found that European rental industry confidence continued its gradual downtrend in the second quarter of 2023. Based on responses from more than 125 companies the survey showed that business conditions continued to deteriorate, albeit not dramatically, since the last survey in March.
In reporting on the survey, International Rental News noted that business sentiment showed an overall negative balance of five percent which continues a trend that started near the end of 2021. Utilisation, employment and equipment purchasing intentions all declined in the second quarter.
It must be noted, however, that all of these factors began declining from very high levels and sentiment within the industry still tends to be relatively positive. In short, conditions are moderating across the industry but there was no collapse of confidence anywhere among the survey respondents.
Executives at major North American lift manufacturers anticipate product demand to soften moderately in 2025.
Read moreThe event will allow industry experts to share insights on a range of issues, OEM trends and current and emerging technologie…
Read moreAn adequate supply of clean water is essential for both life and industry, but managing the resource provides a complex set o…
Read moreManaging everything from the parts inventory to hiring competent mechanics can be a daunting challenge, but the alternative i…
Read more2025 is predicted to be a year of slow growth for the UK construction industry.
Read moreThe annual American Rental Association (ARA) show provides a unique opportunity to ‘take the pulse’ of the North American ren…
Read moreVisitor numbers to November’s Bauma China event were up 40 percent on expectations.
Read moreHow advanced battery technology can compete successfully with hydrogen.
Read more
