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Executive Summary Table of Contents
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In 2000, the UK plant and tool hire market was valued at £2.76bn. The plant hire sector took just under three-quarters of this figure, with tool hire accounting for the remainder. The hire of scaffolding and access towers is included in these values.
Plant hire covers the rental of capital items of plant and equipment to professional users, generally in the construction market, and often includes the provision of operators as part of the hire contract. Tool hire refers to the rental of smaller items of plant and small hand tools, often to the general public and small builders.
The construction market has recovered well in recent years, although it has yet to reach the levels seen before the recession. However, despite the demand from construction companies for hired plant, competitive forces and overcapacity in the market have reduced plant hire margins to the extent that most major players issued profit warnings in 2000.
The UK market is nearing saturation and plant utilisation needs to be around 90 percent for heavy plant to cover its costs. In addition, the prices of new construction equipment have been cut, thus affecting the second-hand market price for plant at the end of its hire life. The tool hire market is performing better than the plant hire sector, but considerable amalgamation is occurring as companies seek to create national networks and woo large corporate customers.
The plant hire sector is expected to grow relatively slowly, with road investment subdued and poor prospects for construction in the UK. The US and Continental Europe are expected to provide a boost to larger companies. Tool hire prospects are much more buoyant, and Key Note forecasts continued strong growth and increased acquisition activity in the period to 2005.
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|
Executive Summary |
|
|
| REPORT COVERAGE |
| MARKET SECTORS |
| Plant Hire |
| Tool Hire |
| Scaffolding Hire |
| MARKET TRENDS |
| The Construction Industry |
| New Orders |
| Table 1: New Orders Obtained by Contractors at Constant 1995 Prices (£m), 1996-2000 |
| 1996-2000 |
| Construction Output |
| Housebuilding |
| Other New Work |
| Repair and Maintenance |
| Table 3: Construction Output at Constant 1995 Prices (£m), 1996-2000 |
| 1996-2000 |
| MARKET POSITION |
| The UK |
| Table 5: The Main Users of Plant and Tool Hire in the UK by Value ( percent), 2000 |
| Europe |
| Table 6: Selected Leading European Construction Groups by Turnover and Number of Employees (million euros and number), 1998/1999 |
| Construction |
| Table 7: The Civil Engineering Construction Market — Estimated Share by European Country ( percent), 1998 |
| Building Construction |
| 1998 |
| Expenditure on Roads |
| Table 9: Expenditure on Roads by Selected European Countries (million SDR), 1994-1998 |
| Hire Companies |
| ASSOCIATIONS |
| Plant Hire Associations |
| Hire Association |
| Hire Association Europe |
| Access Federation |
| Association |
| Other Relevant Associations and Organisations |
| American Rental Association |
| Handling Federation |
| Training Board |
| and Cranes |
| & Health |
|
|
| THE TOTAL MARKET |
| Table 10: The UK Plant and Tool Hire Market at Current Prices (£m), 1996-2000 |
| PLANT HIRE |
| Table 11: The UK Plant Hire Market at Current Prices (£m and percent), 1996-2000 |
| Equipment Categories |
| TOOL HIRE |
| Table 12: The UK Tool Hire Market at Current Prices (£m and percent), 1996-2000 |
| Equipment Categories |
| SCAFFOLDING HIRE |
| Equipment Categories |
|
|
| INTRODUCTION |
| Recent History |
| 1995-1999 |
| 1998 and 1999 |
| 1998 and 1999 |
| 1998 and 1999 |
| Number of Companies |
| Table 17: Private Contractors by Trade (number and percent), 1995-1999 |
| Table 18: Number of VAT-Based Agricultural Machinery and Plant Hire Companies by Turnover (£000), 2000 |
| Employment |
| Table 19: Private Contractors — Total Employment by Trade (000), 1995-1999 |
| Table 20: Private Contractors — Number of Operatives Employed by Trade (000), 1995-1999 |
| Table 21: Plant Hirers with Operatives — Number of Firms by Number of Employees, 1998 and 1999 |
| Table 22: Scaffolding Specialists — Number of Firms by Number of Employees, 1998 and 1999 |
| REGIONAL VARIATIONS IN THE MARKETPLACE |
| Table 23: Private Contractors — New Orders Obtained and Output by Region at Current Prices (£m), 1999 |
| Table 24: Private Contractors — Number of Firms and Number of Employees by Region, 1998 and 1999 |
| LEGISLATION |
| Safety Regulations |
| Definition of Mobile Crane |
| Builders’ Hoist Standards |
| Equipment Theft |
|
|
| THE MARKETPLACE |
| Plant Hire |
| Tool Hire |
| Scaffolding Hire |
| MARKET LEADERS |
| Table 25: Selected Leading UK Plant Hire Companies by Turnover and Pre-Tax Profit (£m), 1998/1999/2000 |
| Table 26: Selected Leading UK Crane and Forklift Hire Companies by Turnover and Pre-Tax Profit (£m), 1998/1999/2000 |
| Table 27: Selected Leading UK Tool Hire Companies by Turnover and Pre-Tax Profit (£m), 1999/2000 |
| Table 28: Selected Leading UK Powered Access and Scaffolding Hire Companies by Turnover and Pre-Tax Profit (£m), 1999/2000 |
| (Holdings) Ltd |
| Company Structure |
| Current and Future Developments |
| Financial Results |
| Andrews Sykes Group PLC |
| Company Structure |
| Financial Results |
| Ashtead Group PLC |
| Company Structure |
| A-Plant |
| Sunbelt Rentals |
| Ashtead Technology |
| Current and Future Developments |
| Financial Results |
| 1999 and 2000 |
| Table 30: Ashtead Group PLC — Financial Summary (£m), 1996-2000 |
| Services PLC |
| Company Structure |
| Current and Future Developments |
| Financial Results |
| Barloworld Fleet Rentals Ltd |
| Company Structure |
| Current and Future Developments |
| Financial Results |
| Brandon Hire PLC |
| Company Structure |
| Current and Future Developments |
| Financial Results |
| (£000 and percent), 1995-1999 |
| Hewden Stuart PLC |
| Company Structure |
| General Hire |
| Tool Hire |
| Lifting Hire |
| Current and Future Developments |
| Financial Results |
| Table 32: Hewden Stuart PLC — Turnover by Division (£m), 1999 and 2000 |
| 1999 and 2000 |
| 1999 and 2000 |
| Table 35: Hewden Stuart PLC — Financial Summary (£m), 1996-2000 |
| HSS Hire Service Group PLC |
| Company Structure |
| Current and Future Developments |
| Financial Results |
| Initial Plant Services Ltd |
| Lavendon Group PLC |
| Company Structure |
| Current and Future Developments |
| Financial Results |
| Table 36: Lavendon Group PLC — Financial Summary (£000 and percent), 1996-2000 |
| Rentokil Initial PLC |
| Company Structure |
| Current and Future Developments |
| Financial Results |
| Table 37: Rentokil Initial PLC — Financial Performance by Sector (£m and percent), 1998 and 1999 |
| 1998 and 1999 |
| Selwood Group Ltd |
| Company Structure |
| Current and Future Developments |
| Financial Results |
| Speedy Hire Ltd |
| Company Structure |
| Current and Future Developments |
| Financial Results |
| Vibroplant PLC |
| Company Structure |
| Vibroplant |
| Tool Hire |
| Torrent Trackside |
| Current and Future Developments |
| Financial Results |
| Table 39: Vibroplant PLC — Turnover by Division (£m), 1999 and 2000 |
| 1999 and 2000 |
| 1999 and 2000 |
| 1999 and 2000 |
| (£m and percent), 1996-2000 |
| OUTSIDE SUPPLIERS TO THE INDUSTRY |
| Large Earth-Moving and Construction Equipment |
| Cranes |
| Lifting Equipment |
| Mobile Plant |
| Site Plant |
| Tools and Equipment |
| ADVERTISING AND PROMOTION |
| and Threats |
| STRENGTHS |
| WEAKNESSES |
| OPPORTUNITIES |
| THREATS |
|
|
| INTRODUCTION |
| THE PRIVATE CONTRACTORS MARKET |
| Number of Firms |
| Table 44: Private Contractors — Number of Firms, Total Employment and Average Number of Employees per Firm by Trade, 1999 |
| 1998 and 1999 |
| Table 46: Concentration in the Specialist Contracting Trades (number of employees, number of firms and percent), 1998 and 1999 |
| Value of Work Done |
| Table 47: Private Contractors — Value of Work Done by Trade (£m), 1999 |
| Table 48: The Building and Civil Engineering Trades — Value of Work Done by Number of Employees (£m), 1998 and 1999 |
| 1998 and 1999 |
|
|
| THE ROLE OF THE INTERNET |
| AND THE US |
| CORPORATE ACTIVITY |
| REGIONAL UK EXPANSION THROUGH ACQUISITION |
|
|
| DOMINANCE OF THE UK AND THE US |
| THE US MARKET |
| Table 50: The US Equipment Rental Market at Current Prices ($bn), 1994-1999 |
| United Rentals Incorporated |
| PLANT HIRE |
| Table 51: Plant Hire’s Share of Plant Utilisation in the Major World Markets ( percent), 2000 |
|
|
| INTRODUCTION |
| FORECASTS 2001 TO 2005 |
| Table 52: The Forecast UK Plant and Tool Hire Market by Sector at Current Prices (£m), 2001-2005 |
| FUTURE TRENDS |
|
|
| Andrews Sykes Group PLC |
| Ashtead Group PLC |
| Services PLC |
| Barloworld Fleet Rentals Ltd |
| Hewden Stuart PLC |
| Group PLC |
| Lavendon Group PLC |
| Selwood Group Ltd |
|
|
| Associations |
| Periodicals |
| Directories |
| General Sources |
| Bonnier Information Sources |
| Government Publications |
| Other Sources |
|
Key Note Research |
|
of Reports |
Text © 2001 Key Note
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