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the initial phase of the relationship, it is important to talk personally with the depot manager and check the fleet. Rental depots must provide equipment that is fully compliant with legislative regulations and in good operating condition. Many rental companies rent equipment fitted with telematics solutions (especially large equipment). This enables the tracking of equipment, a detailed analysis of the way it is being used and a reduction of the maintenance costs, among other benefits. All rented equipment must be compliant with existing legislation on safety.
813:
which may be more or less expensive to run.Some rental companies may be more competitive in short-term rentals and others in long-term rentals. It is, therefore, necessary to compare individual fees precisely and thoroughly. Rental conditions lay out the policies applied by the rental depot and provide all the information regarding the services ancillary to rental that are included in the rental rates and those that are excluded. Some of the services / issues rental conditions should address include:
262:
722:. As specific traffic safety regulations may apply depending on the country or region in which the construction site is located, traffic safety requires an enormous planning effort and the knowhow of well-trained professionals. Thus, some rental companies have extended their rental services in this area and take care of the whole planning process, including obtaining official approval or preparing traffic regulation plans.
83:
631:, which some rental companies offer with trained operators. When contractors need specialised equipment that they do not hold in their own fleet, renting is often preferred. This can include equipment such as machines for road or railway construction and forestry or agricultural work. Customers can also rent a wide range of commonly used construction equipment, such as
415:: Rental companies bear the responsibility for ensuring the equipment they rent out complies with applicable regulations, performing safety check before delivery. Routine maintenance and major repairs are typically handled by the rental company, saving the renter the expense of having a maintenance crew on staff. Safety checks are performed before each delivery.
36:
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with peak workloads without having to invest in extra equipment. It represents a low-risk way of obtaining equipment when market conditions are uncertain and allows companies to enter new markets or sectors without burdensome investments in machinery – capital that would otherwise be tied up in equipment can be channelled into a company's core business.
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427:: It is a time-consuming task – sourcing the right equipment, negotiating with suppliers, and ensuring that the most modern and productive equipment is operated. Rental companies invest vast sums each year in maintaining modern fleets, providing access to the latest, most productive and safest equipment on the market.
409:: Some rental companies have inventories up to the hundreds of thousands of pieces of equipment, while others are specialized in a few specific products. They can supply the most comprehensive range of state-of-the-art equipment – with or without qualified operators – when and where customers need it.
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The customer sends an inquiry to the platform, the platform checks the availability of the machine in its network and the customer receives an offer, either from the platform or from a rental company. Whether it is a good idea to rent equipment via a rental platform depends on the type of equipment
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of owning equipment fleets. By renting rather than owning, the user only pays for equipment when it is needed, and rental reduces the ongoing costs that come with equipment ownership, including maintenance, in-service inspections, repairs, transportation and storage. Rental allows companies to cope
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annually publishes the ERA Market Report, based on a research carried out in 15 countries (Austria, Belgium, The Czech
Republic, Denmark, Germany, Finland, France, Italy, The Netherlands, Norway, Poland, Spain, Sweden, Switzerland and the UK). In 2019, equipment rental companies and other companies
228:
to the creation of a number of international groups, some of which have an annual turnover over €1billion. Around 40 of the 100 largest equipment rental companies in the world are
European. The majority of companies in the industry still have fewer than 5 employees. Concentration in the industry is
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Rental rates is the easiest parameter to compare. Special offers for weekend or long-term rentals can make a rental depot more attractive. Together with rental rates, it is important to assess the full range of services included in an offer, as well as the specifications of the equipment provided,
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The fleet inventory should guarantee the immediate availability of the equipment required, especially when the equipment is booked in advance. Dealing with a large depot allows customers to find, from a single source, the full range of services required during the contractual period. Especially in
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Oftentimes the decision to rent over financing or purchasing a piece of equipment will come down to a decision balanced in risk and the long term usefulness of the equipment. Renting can be up to three times more expensive over financing, but comes with the benefits of lower risk and commitment.
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For specific equipment, it is useful to establish relationships with rental depots that have experience with the products required. If the customer knows what task they need the equipment for, the rental company will identify the best equipment for the job. Besides equipment, it is important to
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The proximity of the rental depot provides economic and sustainability benefits because it reduces transport costs and the environmental footprint. When renting small equipment, the economic aspect is among the most decisive factors in the choice of a rental company. With larger equipment, the
607:, and private clients. Depending on the customer segment, specialised machinery and equipment are available. Furthermore, the equipment on rental offer is often complemented by additional services. A brief overview of the different categories of equipment that can be rented is detailed below.
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of construction equipment has demonstrated that the rental business model stimulates the efficient use of equipment and that this efficient use lowers the total carbon footprint. Depending on specific user practice, this can lead to significant reductions, in the range of 30%.
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projects, an extensive inventory of well-maintained smaller equipment and hand/power tools is available to tackle any job size or surface type. Smaller equipment can range from portable generators, concrete mixers and fan heaters to LED stand lights, wallpaper stripper and
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providing rental services generated a total rental turnover of more than EUR 27.7 billion in these countries (EU-EFTA-UK), with the most recent estimates putting the number of rental companies in Europe at 17,280 and people employed in the industry at 133,480.
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Rental depots offering equipment with standard instructions for use should be the preferred choice. Rental depots should have well-trained staff who are able to explain the practical and safe use of the equipment and provide answers to technical questions.
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or storage space. In addition, a wide range of interior equipment or furnishings is available. Some rental companies offer special rental services for modular space, including preparing outlines and foundation plans, transport and installation services.
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In recent years, new players have appeared in the equipment rental market, namely online platforms. These companies offer digital solutions to the rental needs of customers, acting as an intermediary between customers and rental companies:
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An increasing number of rental companies have stringent procedures in place with regard, for example, to waste management, energy saving, environmentally adapted fuels and oils, and reduction of chemicals. They usually publish their own
453:, it can contribute to environmental and societal sustainability. The European rental industry, through its representative association ERA, has published a Manifesto for the Promotion of the sustainable benefits of the rental concept.
553:
The researchers of the study built a calculator to determine the carbon footprint of the use of construction equipment, based on various parameters. The parameters with the biggest influence on the carbon footprint of equipment are:
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For long-term rentals, the focus should be on rental depots offering attractive conditions. In the case of a short-term rental, the best rental fees should be searched for from depots offering flexible contractual conditions.
676:
Powered access is an important sector in the rental market. For different works at great height, for example for roof or hall construction, industrial cleaning or installation works, customers can choose from a wide range of
533:
Rental companies use their bargaining power to demand equipment suppliers to invest more in R&D to limit the use of non-recyclable material, and take responsibility for end-of-life of equipment by collecting, reusing or
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On the one hand, rental platforms offer fast price comparisons, but on the other hand, they do not show the full spectrum of services offered by different rental companies that accompany the requested equipment.
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took place in the 1970s in North
America, leading to the creation of companies with nationwide operations. Consolidation was slow in the 2000s but a buyout joined the two largest North American rental companies:
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Rental companies offer a wide range of temporary power solutions, whether for site use, events, petrochemical applications, manufacturing needs, shutdowns or power failures. The product range available includes
252:
In 2017, the Global Rental
Alliance (GRA) estimated the combined rental revenue among the GRA member associations (US, Canada, Europe and UK, Japan, Australia and New Zealand) to be US$ 91.5 billion for 2015.
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Safety is a critical issue on every construction site, especially when construction works are carried out along busy roads or on highways. Therefore, rental companies offer various professional solutions for
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The choice of a rental company is dependent on the nature of the product to be rented, the company profile, the profile of the customer and the type of equipment needed. Here are some key criteria:
273:, rental revenues in 2019 in the U.S were expected to be $ 55.7 billion, up 5 percent from 2018. Rental revenue in Canada was expected to grow 2.1 percent in 2019 to total nearly $ 5.5 billion
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is an effective means of providing additional space on a customer's site, for short-term as well as long-term projects. The containers can be combined to build site offices and accommodation,
421:: The rental company is responsible for providing safe equipment on-site and shoulders any risk connected to the transportation of equipment (when this is carried out by the rental company).
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Europe is catching up since the 1980s. In Europe alone there are over 17,000 equipment rental companies and the industry is now growing quickly in other areas of the world, including the
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Where buying starts to make more sense is when there is a consistent and forecastable use case for the equipment. Renting again is much better suited to infrequent or one time uses.
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ERA used this study to develop a free online tool to determine exact carbon footprint of construction equipment per hour of use of the equipment. The ERA Equipment CO
383:, contractors are increasingly eager to rent equipment, as it allows them to minimize the size of their equipment fleet. Less immobilized capital allows for improved
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after the First World War and has now become a multi-billion euro business providing a wide range of construction and industrial equipment for customers globally.The
603:, the rental market supplies a wide range of customers and industries, including gardening and landscaping, municipal and forestry services, the event industry ,
244:. The potential for growth is important in Southern, Central and Eastern Europe, where some countries saw a double-digit growth rate for rental in recent years.
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can be rented for diverse transportation tasks on construction sites. The industrial and event sectors often demand efficient logistics, and a range of
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The situation of the equipment rental industry in Europe varies from one country to another, with some markets being more mature. Equipment rental
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may also be included in the product range. That is, equipment designed to hold holes in the ground open and allow operatives to work safely.
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There are several reason why companies choose to rent equipment instead of buying it: financial and economic, operational and environmental.
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Rental depots should also guarantee continuity of service through the replacement of the equipment or through assistance services.
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Responsibility for maintenance (which tasks are performed by the rental company and which are the responsibility of the customer);
433:: Rental companies give operational flexibility as well, with the option to rent equipment over the short, medium or long-term.
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define which accessories are required. Rental depots usually have a full range of accessories. If the only item required is an
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Total Cost of
Ownership calculator can help in deciding whether to buy, rent or lease equipment from financial perspective.
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The equipment rental market goes well beyond construction machinery and can include rental equipment such as a dedicated
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865:(CSR) policies on their website. These relate to all aspects of sustainability (economic, social and environmental).
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Rental companies provide theoretical and practical trainings to their customers to optimise the use of equipment.
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expected to renew at a fast pace, following a pause in 2008–2009 as a consequence of the international
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The rental companies ask for increased information on product repair from the equipment manufacturers.
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The rental companies contribute to a product design facilitating maintenance and repair activities,
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The
Manifesto defines how principles of the circular economy are applied in the rental business:
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Intensity of use - maximising the utilisation rate could reduce the amount of equipment required
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may contain an excessive amount of intricate detail that may interest only a particular audience
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can be defined as paying someone for the use of something for temporary or short-term purposes.
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Rental companies search for equipment to offer the most sustainable option to their customers.
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The centralised ownership leads to a more frequent hence more efficient use of equipment.
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1133:"Manifesto for the promotion of the sustainability benefits of the rental concept"
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requested, on the customer's knowledge of the machine and on the location of the
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Some rental companies offer a range of temporary construction solutions, such as
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Equipment rental was first developed in Anglo-Saxon countries. It emerged in the
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Construction machines on offer for rental range from small machines, such as
379:: In times where they have to demonstrate high levels of profit compared to
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any relevant information, and removing excessive detail that may be against
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981:"Smart Buyout Deal By United Rentals Delivers Rich returns to RSC Holders"
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Transportation of the equipment (generally excluded from the rental fee);
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718:. This is not limited to the provision and installation of beacons or
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is lower in
Southern and Eastern Europe and highest in the UK and the
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transportation cost and environmental impact becomes more important.
786:, the widest range will be found with the specialists in the sector.
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Damage waiver coverage (ranging from no coverage to full coverage);
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Selling it to second hand markets, if it complies with regulations.
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and mobile fuel tanks. Various climate control solutions, such as
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and higher load factors of the vehicles transporting the equipment
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Components of the dismantled construction equipment can be reused.
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142:
1104:"Should you buy or rent construction equipment for your business"
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and tools for a limited period of time to final users, mainly to
668:, as well as a variety of lighting systems, are also available.
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1147:"Research Report – Carbon Footprint of Construction Equipment"
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The construction companies can access equipment when required,
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1071:"ARA Forecasts Rental Revenue to Top $ 71 Billion in 2023"
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Equipment rental helps companies reduce their fixed costs
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Maintenance, compliance with standards and regulations
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The rental companies focus on spare parts management,
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was founded as early as 1955, and the first waves of
111:, and by adding encyclopedic content written from a
527:Recycling when it is at the end of its life cycle,
746:Whether for woodwork, metalwork, construction or
521:Rental companies take care of their equipment by:
1088:European Rental Associations (21 October 2020).
1042:The World's Top 100 Rental Companies – June 2016
18:List of construction equipment rental companies
681:or building construction lifts. Furthermore,
8:
672:Powered access, forklifts & telehandlers
541:Carbon footprint of construction equipment
27:Service industry providing temporary tools
763:and breakers, and portable cut-off saws.
341:Learn how and when to remove this message
131:Learn how and when to remove this message
1118:"ERA Total Cost of Ownership calculator"
571:Maintenance - allowing extended lifetime
564:Transportation - shorter distances to a
425:Procurement of equipment by a contractor
60:of all important aspects of the article.
1186:Construction equipment rental companies
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906:Equipment service management and rental
759:, power saws, electric rotary hammers,
92:contains content that is written like
56:Please consider expanding the lead to
790:Location of the branch(s) or depot(s)
611:Construction machines & equipment
561:Using the right equipment for the job
545:An independent research study on the
248:Equipment rental market - key figures
221:. The industry has moved from mostly
7:
524:Repairing when it is still possible,
441:Renting by definition operates in a
726:Falsework, formwork and groundworks
407:Range of recent equipment available
391:allows for optimizing staff costs.
916:Rental accessories and attachments
323:Knowledge (XXG)'s inclusion policy
25:
979:Gene Marcial (19 December 2011).
283:ERA (European Rental Association)
271:ARA (American Rental Association)
147:Construction equipment rental in
623:, to heavy equipment, including
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869:Rental platforms / marketplaces
863:Corporate Social Responsibility
647:Power & temperature control
48:may be too short to adequately
265:Tool rental shop for consumers
58:provide an accessible overview
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1160:European Rental Association.
1131:European Rental Association.
777:Definition of equipment needs
693:Modular & sanitary space
808:Rental rates and conditions
742:Smaller equipment and Tools
662:heating and cooling systems
195:American Rental Association
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847:Who will use the equipment
643:, or even small machines.
1075:Rental Equipment Register
1024:International Rental News
901:Operated equipment rental
579:calculator is accessible
269:Based on research by the
173:but also to industry and
1090:"ERA Market report 2020"
1054:"Global Rental Alliance"
1006:"ERA Market report 2020"
769:Who to rent from and how
445:and seen as part of the
171:construction contractors
838:Length of rental period
443:circular business model
357:Financial and economic
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958:"Reversal of Fortune"
599:. In addition to the
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165:providing machinery,
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113:neutral point of view
755:. Tools can include
625:hydraulic excavators
175:individual consumers
149:Salt Lake City, Utah
702:sanitary facilities
641:compaction machines
601:construction sector
290:Reasons for renting
105:promotional content
826:Rules applying to
621:skid steer loaders
587:What can be rented
364:and minimises the
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107:and inappropriate
1162:"ERA Equipment CO
911:Rental relocation
679:working platforms
605:IT infrastructure
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960:. Rermag.com
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936:"Who We Are"
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757:power drills
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658:transformers
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595:housed in a
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506:Reusability:
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492:Resource use
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475:Reparability
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461:Shared usage
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103:by removing
99:Please help
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45:lead section
1166:calculator"
1036:KHL Group,
736:Groundworks
633:compressors
597:data center
431:Flexibility
402:Operational
238:penetration
211:Middle East
159:plant hire,
922:References
654:generators
534:recycling.
319:relocating
121:April 2023
101:improve it
66:April 2021
990:2 January
964:2 January
942:2 January
784:accessory
687:forklifts
389:operators
331:June 2023
206:and RSC.
167:equipment
50:summarize
1180:Category
1020:"IRN100"
890:See also
880:job site
828:downtime
732:formwork
1038:IRN 100
896:Renting
629:dumpers
566:jobsite
185:History
179:Renting
985:Forbes
593:server
277:Europe
217:, and
1057:(PDF)
637:pumps
161:is a
157:, or
992:2015
966:2015
944:2015
664:and
639:and
627:and
619:and
581:here
449:and
394:The
281:The
219:Asia
396:ERA
317:or
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