AMA Research are pleased to announce the publication of the eighth edition of
the report 'Plant Hire Market Report - UK 2012-2016 Analysis'. The report
provides an informed and up-to-date review of this substantial market and
includes a review of recent market trends up to 2011 and forecasts over the
next few years.
The report contains:
DETAILED ASSESSMENT OF THE MARKET - analysis of the market structure and
details of key players within the market.
FORECASTS OF MARKET DEVELOPMENTS TO 2016.
ANALYSIS BY PRODUCT GROUP - market sizes, product mixes and sector trends:
Earth moving - excavators, dump trucks, site dumpers, loading shovels.
Lifting - cranes, powered access, material handling equipment.
Pumping, crushing and screening plant.
Road making equipment - rollers, planers, pavers, trenchers
Review of key market influences including non-domestic construction,
housebuilding, prefabricated buildings, waste, transport, water industry, etc.
Market shares and review of major players.
Estimated shares of type of hire company (e.g. plant, tool, specialist)
for each hire product group.
Hire product group analysis - market sizes, influences and trends.
Some of the major contractors featured include:
AB 2000, AGD Equipment Ltd, Aggreko, Ainscough Crane Hire, ALE, Alfred
McAlpine Plant Services Division, Ambrose Plant Hire, Andrews Sykes Group,
Apex Generators, A-Plant, Beck and Pollitzer Engineering, BPH Equipment,
Briggs Equipment, Carrier Rental Systems, Clive Barford, Dawson Rentals,
Elliott Hire, Finning Group UK, Flannery Plant Hire, Gamble Jarvis Plant, Gap
Group, Garic GE Capital Equipment Services, Harsco Infrastructure Services,
Hawk Plant, HE Services (Plant Hire), Hewden, Hydrex Equipment (UK), King
Lifting, Lavendon Group, Liebherr-Rental, Loxam Access, M.J.Church Plant,
Mammoet UK, PKL Group, Pochin's, Portakabin Hire Division, Quattro Plant
Limited, Select Plant, Selwood Ltd, Speedy Hire, The Morris Leslie Group, The
Turner Group, The Walters Group, VP, Weldex (International) Offshore,
Whiteinch Demolition.
Key areas covered in the report include:
THE MARKET
Plant hire market - market definition in terms of type of outlets and
range of products.
Market size - analysis by value from 2006-2011 and key characteristics of
the market.
Product groups reviewed - earth moving, lifting, pumping/crushing/
screening, road making, compressors/generators/lighting and other/
non-mechanical.
Market trends and major factors influencing market development, including
the impact of recession and the performance in construction, waste &
recycling, energy and infrastructure sectors.
Market forecasts - prospects and influencing factors on the market for
2012 and up to 2016.
PLANT HIRE COMPANIES
Overview of supply structure - competitive, fragmented sector with most
players operating in relatively limited product sectors due to the high number
of specialist operators.
Identification of main suppliers - major suppliers, specialists by product
group.
Review of leading plant hire companies - market shares, turnovers, company
structure, key areas of specialization etc.
PRODUCTS
Estimated shares of the main product groups within the overall market.
Product groups - definition, market size and product mix within each
sector.
Product sectors - review of products within the sector including recent
trends and factors affecting sector.
Estimated shares of type of hire company (e.g. plant, tool, specialist)
for each hire product group.
FUTURE PROSPECTS
Forecast of expected market development in the short, medium & long term.
Positive and negative factors affecting the market - performance of UK
economy, availability of private and public finance, market competition etc.
Outlook for the plant hire market through to 2016.
SUMMARY OF REPORT CONTENTS
The UK plant hire market is estimated to be worth some &pouns;2,220m in 2011,
reflecting relatively flat bordering on marginally positive market conditions
of around 1-2% growth in 2011 compared to the previous year. Market
performance over the last three years has been variable, though difficult to
quantify, reflecting variable trends of different hire product groups and the
wide range of end use sectors - including, for example, private commercial
construction, housebuilding, industrial, and infrastructure. However, in
overall terms, the market has declined by around 25% from its peak in 2007.
Anecdotal evidence indicates that while the general construction market
remains flat, certain plant hire sectors are performing better than others
including excavators, powered access and telehandlers reflecting a wider range
of hire opportunities in the housebuilding and events sector. This has
contributed to flat or marginally positive market conditions at best in 2011.
The market continues to remain relatively fragmented due to the high number of
specialist operators with different competitors in different hire product
sectors.
Earth moving equipment, estimated to be the largest product sector, accounts
for around 37% of hire turnover, while lifting accounts for around 36%,
pumping, crushing and screening plant 7%, road making 6%,
compressor/generating sets 5%, and others/non-mechanical 9%.
Positive niche sector construction influences include life extension projects
for the ageing power generation asset base while nuclear power station
decommissioning projects provide hire opportunities in the short, medium and
long term. Uncertainty in the plant hire industry caused by the cancellation
or deferment of construction projects continues to impact negatively on plant
hire companies in the UK. Anecdotal evidence suggests that the regular supply
of plant components and equipment has been adversely impacted by the effects
of the Japanese earthquake and tsunami. Rising fuel and energy costs are
likely to impact on hire companies margins, to some extent. In addition,
anecdotal evidence indicates that rising equipment prices are prompting
increases in hire rates which will also tend to add some value to the market.
Regional growth opportunities are likely to continue to motivate certain
rental sectors, for example, new road construction, coastal defence work, wind
turbines, the construction of the new Forth Road Bridge, etc. Levels of future
growth in the plant hire sector are likely to be underpinned by major
construction projects, including Crossrail, with the associated over-site
developments, also the Thames Gateway Project, etc.
Current forecasts indicate that the UK construction equipment rental market is
likely to grow very slowly through to 2016, reaching an estimated value of
around &pouns;2.4 billion. Key factors underpinning low level, long term
market growth include health and safety issues, environmental and energy
efficiency legislation, also significant utility and infrastructure projects -
for example, Crossrail and Amp 5 - also relatively more positive trends in the
housebuilding sector. If confirmed, investment of over &pouns;100bn in
electricity generation by 2025 (National Policy Statement on Energy) will
provide significant long term motivation for the UK plant hire industry. Long
term infrastructure investment, reported in the 2011 Autumn Budget Statement,
includes around 500 projects worth over &pouns;250m over the period 2011-2015.
Key areas for investment are indicated to be transport, and energy, which is
likely to provide significant medium to long term opportunities for plant hire.
Table of Contents
Table of Contents
CONTENTS and LIST OF TABLES & CHARTS
1 INTRODUCTION
1.1 BACKGROUND
1.2 SOURCES OF INFORMATION
2 SUMMARY AND FUTURE PROSPECTS
2.1 SUMMARY
2.2 FUTURE PROSPECTS
3 ECONOMIC ENVIRONMENT
3.1 GDP
3.2 INFLATION & INTEREST RATES
3.3 UNEMPLOYMENT
3.4 HOUSEHOLD CONSUMPTION
3.5 HOUSING & CONSTRUCTION
3.6 STERLING
3.7 POPULATION PROFILE
3.8 CONCLUSIONS
4 PLANT HIRE MARKET
4.1 DEFINITION
4.2 MARKET STRUCTURE
4.3 MARKET SIZE
4.3.1 Background and Recent Performance
4.3.2 Forecast
4.4. KEY MARKET INFLUENCES
4.4.1 Overview
4.4.2 UK Construction
4.4.3 Housebuilding
4.4.4 Housebuilding Completions - Mix By Houses/Flats
4.4.5 Self Build Market
4.4.6 Prefabricated Buildings
4.4.7 Non-Structural Cladding
4.4.8 Waste
4.4.9 Wind Turbines / Nuclear Power
4.4.10 Transport-Road, Railway and Aviation Applications, etc.
4.5 HIRE SECTOR OVERVIEW - PLANT HIRE, TOOL HIRE AND SPECIALISTS
5 PLANT HIRE COMPANIES
5.1 MARKET STRUCTURE
6 PRODUCTS
6.1 PRODUCT MIX
6.2 HIRE PRODUCT GROUPS
6.2.1 Earth Moving Equipment
6.2.2 Lifting Plant
6.2.3 Pumping, Crushing and Screening Plant
6.2.4 Road-Making Equipment
6.2.5 Compressors, Generators, Lighting & Welding
6.2.6 Others/Non-Mechanical Plant
TABLES AND CHARTS
CHART 1 UK PLANT HIRE MARKET 2006-2016 (&pouns;M)
CHART 2 INTEREST RATES AND INFLATION (CPI) FROM 1992-2015
CHART 3 PDI & SAVINGS RATIO AT CURRENT PRICES 1992-2015
TABLE 4 EXCHANGE RATE FLUCTUATIONS 2006-2011 - STERLING TO THE DOLLAR, AND
THE EURO, SPOT RATES
CHART 5 AGE DISTRIBUTION OF THE RESIDENT UK POPULATION MID-2008 ('000)
CHART 6 PLANT HIRE DISTRIBUTION STRUCTURE
TABLE 7 UK PLANT HIRE MARKET AT HIRE MARKET PRICES 2006-2011
TABLE 8 UK PLANT HIRE MARKET AT HIRE MARKET PRICES 2011-2016
CHART 9 NON-DOMESTIC CONSTRUCTION OUTPUT AND FORECASTS (GREAT BRITAIN)
2005 TO 2015 - BY VALUE (&pouns;BN AT CURRENT PRICES)
CHART 10 NEW HOUSING STARTS AND COMPLETIONS (GREAT BRITAIN) 2005 TO 2015 -
BY VOLUME (DWELLINGS)
CHART 11 HOUSEBUILDING COMPLETIONS - % MIX BY HOUSES / FLATS ENGLAND
2001-2011
CHART 12 SELF BUILD AND NEW HOUSEBUILDING COMPLETIONS, UK 2005-2015
CHART 13 UK PREFABRICATED VOLUMETRIC BUILDINGS MARKET 2008-2015 (&pouns;M
MSP)
CHART 14 UK PREFABRICATED FRAME AND PANEL BUILDING SYSTEMS MARKET
2008-2014 (&pouns;M MSP)
CHART 15 UK WALL CLADDING MARKET BY AREA INSTALLED ('000 SQ M) 2005-2014
TABLE 16 UK CONTROLLED WASTE MANAGEMENT MARKET FORECASTS BY VALUE AT
CURRENT PRICES 2010-2014
CHART 17 BREAKDOWN OF SERVICES NEEDED FOR NUCLEAR PLANT CONSTRUCTION - MIX
BY PLANT & EQUIPMENT, CIVIL ENG., AND PROJECT MANAGEMENT
