Market Research Report - 228168
Plant Hire Market Report - UK 2013-2017 Analysis
|Published by||AMA Research|
|Published||Content info||91 Pages|
|Plant Hire Market Report - UK 2013-2017 Analysis|
|Published: November 18, 2013||Content info: 91 Pages||
AMA Research is pleased to announce the publication of the ninth edition of the report 'Plant Hire Market Report - UK 2013-2017 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 2013 and forecasts over the next few years.
AB 2000, Ace Plant, AGD Equipment, Aggreko, Ainscough Crane Hire, Ambrose Plant Hire, Andrews Sykes Group, Apex Generators, Ascus, Ashtead Group, Atterbury, Baldwins Crane Hire, Beck and Pollitzer Engineering, Bison Plant Hire, Blackwood Plant Hire, BPH Equipment (Birse Group), Briggs Equipment, Caledonian Cranes, Carrier Rental Systems, Charles Wilson Engineers, Clive Barford (CBL), Cobra, Dawson Rentals, Drumclog Plant Hire, Elliott Hire, Exsel Pumps, Finning UK, Fork Rent, Gap Group, Garic, Generator Power, Gordon Bow, Harsco Infrastructure Services, Hawk Plant Hire, Haz Hire, HE Services, Hewden Stuart, Hydrainer, ITT Water and Wastewater, JC Plant, John Gunn and Sons, Jones Bros, King Lifting, Lavendon Group, Liebherr-Rental, Loxam Access, M.J. Church (Plant), Mammoet UK, Millennium Crane Hire, Morris Leslie Plant, P. Flannery Plant Hire (Oval), P.E. Generators, PKL Group, Platform Sales and Hire, Pochin Concrete Pumping, Portakabin Hire Division, Powerplant (Stamford), Quattro Plant, Readypower Engineering, Select Plant Hire, Selwood, Speedy Hire, TXM Plant Utraanz, VP, Walters Group, Weldex (International) Offshore, Wernick.
The UK plant hire market is estimated to be worth around £2.3 billion (excluding all ancillary revenues) in 2013. Following significant market decline in 2009, the market has remained relatively stable. Performance reflects the variable trends of different hire product groups and the wide range of end use sectors, including both construction and non-construction activities, with the former being the most significant sector.
The market is relatively fragmented due to the high number of specialist operators with different competitors in different hire product sectors.
Different plant hire sectors have experienced differing performances, with different types of equipment within each equipment sector also showing some variation. For example overall the earthmoving sector has performed better than the pumping, crushing & screening sector; and within the lifting sector, material handling equipment has fared better than the cranes sector in recent years.
Earth moving equipment represents the largest equipment sector, accounting for around 37% of hire value. Other key sectors include lifting accounting for around 36% market share, pumping, crushing & screening plant for 7% share, road making for 6% share, generators & compressor for 5% share and others/non-mechanical equipment for the remaining 9% share of the market.
It is estimated that construction accounts for around two-thirds of the plant hire market, with the remaining share accounted for by the non-construction sector. Whilst construction levels fell in 2012, there were some positive areas such as the events sector, including the 2012 Olympics and Paralympics that provided good hire opportunities for equipment such as generators, climate control and portable buildings. Overall the construction industry experienced a slowing rate of decline in 2013, with sectors such as infrastructure and housebuilding growing. The improving picture has seen more optimism in the plant hire market.
The level of hire is ultimately dependent on companies choosing to hire rather than buy. Many companies choose to hire plant, generally to avoid risk, in particular capital risk, operating risk and legislative / compliance risk.
Significant niche sector hire opportunities include the Crossrail project, while in general terms positive infrastructure investment provides steady underlying demand for many hire sectors. Influencing 'local' hire demand for equipment are factors such as regional investment programmes as well as geographic, climatic and seasonal factors. Also impacting on the market are other issues such as health & safety and environmental & energy efficiency legislation.
The recovery of the non-domestic construction sector will remain primarily dependent on the recovery in the private commercial sector being able to offset the effects of public sector budget cuts and spending constraints. The strong infrastructure sector should help to underpin the market that is forecast to show low level growth to 2017, reaching an estimated £2.54m.
The market remains relatively fragmented, although it has become more concentrated since the economic and construction downturn, with the leading 5 hire companies accounting for around a quarter of the market.