Czech Republic Construction Equipment Rental Market Research Report, 2028

Czechia's rental market turnover gained 3.6% in 2021 after falling approximately 6.8% the previous year. The construction sector is anticipated to generate 75% of all rental revenue in the country. The rental business continues to benefit from healthy construction growth as well as a better-than-expected macroeconomic environment. Firms with fewer than 50 employees created the majority of rental industry turnover, primarily small, independent businesses, and Eurostat does not provide company data. However, there are concerns about greater competition caused by fleet overcapacity before demand returns. The Czech National Bank upped its interest rates, implying that mortgage affordability will likely rise in the near future, affecting home demand in the medium-to-long term. The high cost of construction materials adds to the short-term uncertainty about construction demand. As a result, given the EUwide difficulties in procuring machines, some of the growth opportunities that could have been realised sooner may be delayed until 2023 or later. Boels ?eská republika s.r.o. Praha - Cestlice, Gensets Czech Republice SE, Boels ?eská republika s.r.o. Praha - Vestec, and among others are the agencies operating in the Czech Republic Market. According to the research report, “Czech Republic Construction Equipment Rental Market Research Report, 2028” published by Actual Market Research, the market is projected to grow at a significant rate by 2028. The growing emphasis on infrastructure and the advancement of automation in construction and manufacturing processes have had a significant impact on market growth. The road construction machinery industry has grown significantly in recent years as a result of expanded road development plans conducted by the federal and state governments. Renting construction equipment has become more popular as the cost of the equipment and the maintenance procedures have risen. The tool category, which is primarily driven by local players, is distinguished by the key role of contractors, who typically have in-house rental departments. The Czech rental market is tiny yet intriguing, with a decent mix of international and domestic operators. Czechia, like Austria, has been affected by recent European M&A activity. This could result in a consolidation cycle in the near future.

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The largest construction project in the Czech Republic is divided into two parts, each occupying 400,000 m2 and requiring 500,000 m3 of concrete: a complete overhaul of the existing treatment plant on the island of Cisarsky Ostrov, as well as the addition of independent treatment facilities dubbed the "New Water Line," which will incorporate mechanical and biological processing as well as an additional chemical treatment system. These types of projects, certainly increases the chance of gaining the growth in the Czech Republic's Construction equipment rental market. For Czech Republic, year 2020 proved to be a challenging one, with GDP falling 1.7%, a reduction from initial projections of more than 7.0%. The Czech economy is now expected to grow by 6.8% in the future, comfortably reclaiming lost ground, and 7.8% in 2022. These results are mainly dependent on the European Central Bank's fiscal stimulus packages, with much of the investment directed at infrastructure projects, as well as the reopening of the economy and relaxing of social distancing regulations in the spring, which led to improved confidence across industries. This increase in the prediction is felt across all three fixed investment groups, with infrastructure (which accounts for 47% of overall construction spending) driving the trend with a 3.9% growth estimate in 2021 and a 5.9% growth forecast in 2022, supported by EU funding. Construction spending fell by 6.2% in 2020 but is now increasing at a significant rate. With the Czech Republic gradually exiting the COVID-19 crisis, there is upside risk to the economic prospects, while the majority of the negative risk is from supply chain bottlenecks and future infection rates, which are dependent on vaccine roll-out. Manufacturing output fell 6.9% in 2020, although it was already down 0.2% in 2019. It is now predicted to rise by more than 8% in 2021, with continued growth of 2.5% to 5% through 2026. In general, consumer prices are likely to rise in line with pre-pandemic norms, with average inflation ranging between 2.5% and 3%. Following a secular decline in unemployment since 2012, unemployment rebounded to 2.6% in 2020 and is expected to stabilise around 3.5%, indicating some long-term negative implications on labour markets. However, even before the pandemic, labour shortages were a problem, with construction vacancy rates in the fourth quarter of 2019 at 12.4%, twice the level of the next-highest EU country. Meanwhile, the government is gradually removing prohibitions, freeing up consumer demand. This, along with strong savings rates and the 2021 tax package, could help the economy by offsetting the negative consequences of rising unemployment. The long-term scenario, however, may be different, with substantial population growth to 2030 but a projected fall in the following decade. These trends may have an impact on demand for residential and non-residential investment, perhaps resulting in lower long-run demand for housing and office space. This is especially dangerous if deurbanization tendencies that began during the epidemic continue, with the rising prevalence of remote work and falling regional inequalities in housing prices.

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Nikita Jabrela

Business Development Manager

Covid-19 Impact The spread of COVID-19 contributed to the decline of the Czech Republic Construction Equipment rental sector as a result of disruptions in the supply chain and production discontinuity. Furthermore, construction site closures and event cancellations have serious consequences for the equipment rental industry, including the health and safety of rental company employees, the suspension or cancellation of rental contracts, the management and maintenance of machinery, and the ability to retain staff and pay salaries. Considered in this report • Geography: Czech Republic • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Czech Republic Construction Equipment Rental market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Equipment type • Earthmoving • Material Handling • Concrete & Road Construction • Others By Application type • Residential • Non-Residential • Others (Infrastructure, industrial, real estate, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Construction equipment rental industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.