The Russian rental industry will grow much faster than other industries of the Russian economy such as mining, construction and utilities according to a forecast prepared by RusRental, the Russian equipment rental association. The report covers the period from 2012 through 2015.
In 2010, the size of the Russian rental market was about €520 million, the report says, and it has reached €700 million in 2011 (about U.S. $928 million). During the next several years, the report says, the growth rate of the Russian rental market will continue at about the same level.
The report predicts the development of rental in the eastern regions of Russia, and also predicts consolidation of Russian rental companies, growth of non-operated rental and increase of the tools rental portion of the business, expected to grow from 6 percent in 2011 to 18 percent in 2015.
For more information about the Russian rental forecast, visit www.rus-rental.com.