Market Research Report
Plant Hire Market Report - UK 2016-2020 Analysis
|Published by||AMA Research||Product code||228168|
|Published||Content info||81 Pages
Delivery time: 1-2 business days
The 10th edition of the 'Plant Hire Market Report - UK 2016-2020 Analysis' incorporates original input and primary research, and represents a unique informed and up-to-date analysis of the market. The report reviews developments within the industry, with emphasis on market assessment. Recent trends, key influencing factors and forecasts of future developments are assessed and the report also reviews the product mix offered by hire companies.
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, Hawk Plant Hire, Haz Hire, HE Services, Hewden Stuart, Hydrainer, 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, Weldex (International) Offshore, Wernick.
The UK plant hire market was estimated to have grown by around 5% in 2015, with a further 3% growth forecast for 2016. This market is extremely diverse, with equipment ranging from dehumidifiers to excavators. The primary driver is the performance of the end-use sectors requiring the equipment: e.g. planers, pavers and rollers depend on the level of highway activity, whilst forklift hire is influenced by the level of distribution & warehouse activity. Other factors such as the weather impacts on the level of hire of some types of equipment, such as pumping and climate control. AMA's estimates relate to equipment hire only and excludes ancillary services, such as fuel, labour, transport etc. which can add substantial value in some hire sectors.
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. As a result, demand for plant hire is heavily dependent on the level of construction activity and market performance over the 2007-2015 period reflects the volatility of the sector. Infrastructure remains the key end-use sector. Other key end-use sectors include housebuilding, offices, education and industrial, while major non-construction sectors include manufacturing, waste management and events. Earth moving equipment represents the largest equipment sector, accounting for around 35% of hire value. Other key sectors include lifting; pumping, crushing & screening plant; generators & compressors; and road making.
In terms of supply, the UK plant hire market is extremely competitive and relatively fragmented. It comprises a range of companies from national hire companies to local independents operating in the market. The market structure continues to evolve. Whilst some companies have reduced the number of outlets, others have expanded their network. Since the downturn, there has been some consolidation as key companies have acquired smaller players, but conversely some new small companies have entered the hire of sectors such as powered access and telehandlers for example. The recovery in hire demand in 2014/15 has given many hire companies growing confidence to invest in fleet upgrades and expansion.
From 2017 onwards all construction sub-sectors are forecast to increase output which will provide hire opportunities in all product sectors of the plant hire market to 2020 - particularly sectors such as housebuilding, infrastructure (including transport and electricity), offices and industrial. However, construction activity levels are forecast to increase at lower growth rates towards the end of the review period, which is likely to impact on hire demand. As a result, the hire market is forecast to see modest growth of around 9% over the period 2017-2020. Key sectors for demand in the forecast period is expected to be utilities and transport, and housebuilding. Increasingly stringent health & safety and environmental legislation should also continue to provide some impetus to the market. However, the hire versus buy issue will continue to impact on the plant hire market and as conditions improve companies will continue to assess this issue. Market growth will also continue to be impacted by hire rates due to the competitive nature of the market and the need to maintain adequate levels of utilisation.