Russian Rental Market: Results of 2013 And Perspective for 2014
Russian equipment rental market continues its fast growth. According to RusRental estimations, in 2013 the volume of the Russian rental market has increased by 18%.
The number of equipment rental companies in Russia has also continued to grow. In December 2013 RusRental has published the Russian Rental Directory, which allowed to estimate the current number of rental companies in Russia – and this figure is now close to 4,000 companies (while in 2010 it was just about 1,000 companies).
Among the mains trends of 2013 are also increasing competition at the market, growth of small equipment and tools rental sector and increasing interest of equipment dealers and manufactures to Russian rental companies.
Another important tendency of 2013 is active participation of Russian rental companies in large infrastructural projects, such as construction of the Olympic facilities in Sochi.
As a result of the on-going market changes, small- and medium-sized Russian rental companies have started creating cooperative business unions to be able to take part in large construction projects and to become more competitive. As an example, in the end of 2013 a number of Russian rental companies from various regions of Russia have formed a RENTARUS Russian rental alliance (www.rentarus.ru).
Such business unions also help Rental companies build relations with equipment dealers and manufacturers and organize joint equipment purchases.
In particular, KOMEK MACHINERY Ltd., a Komatsu and Bomag dealer has announced about its readiness to cooperate with Rentarus rental alliance and to provide its members favorable conditions for both equipment purchase and re-rent.
The above mentioned trends and examples confirm that Russian equipment rental market is growing and becoming more mature and it will definitely continue its development in 2014.