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Executive Summary

Table of Contents

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EXECUTIVE SUMMARY

The UK plant hire market had an estimated value of £1.85bn in 1998. The market was split between plant hire, worth £1.07bn, and tool hire, worth £777m. The market is believed to have grown very strongly in 1998/1999, at 21.3 percent, although much of this expansion is through acquisition and overseas growth.
Plant hire refers to the rental of capital items of plant and equipment to professional users and private individuals, generally involved in construction work. The market consists of two major sectors, with just over 60 percent of turnover deriving from the hire of heavy construction plant and the remainder deriving from the hire of tools and other small items.
Although the construction industry has been hit particularly hard in the recession, the plant hire sector weathered the storm well. This was due to many of the larger firms selling off their plant and equipment, and hiring the items instead. Since 1997, demand has picked up again, helped by expenditure on infrastructure.
A more buoyant mood in the construction market bodes well for the plant hire business, since construction firms are unlikely to spend money on capital purchases of plant and machinery so soon after a severe recession. Thus, additional demand for earthmoving equipment and other items will most likely be met by the plant hire companies.
The projected growth in the construction industry, whilst relatively modest, is expected to bring good growth for the plant hire industry. Turnover is expected to have grown to £2.48bn by the year 2003, with an average growth of around 6 percent. In addition, the spate of Millennium projects is expected to boost plant hire work in 1999 and 2000.

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TABLE OF CONTENTS

Executive Summary

Market Definition

INTRODUCTION

MARKET SECTORS

MARKET POSITION

MARKET TRENDS

Table 1: Main Users of Plant and Tool Hire by Value ( percent), 1998

Table 2: Construction Output at Current Prices (£m and percent), 1994-1998

Market Size

THE TOTAL MARKET

BY MARKET SECTORS

FOREIGN TRADE

Table 3: The UK Plant Hire Market (£m and percent), 1995-1998

Table 4: The UK Plant Hire Market by Sector (£m and percent), 1995-1998

Table 5: Infrastructure Construction Output by Value (£m at constant 1995 prices and percent), 1995-1998

Table 6: Infrastructure Output by Contractors by Sector by Value (£m at current prices and percent), 1992-1998

Table 7: Housing Construction Output by Value (£m at current prices and percent), 1995-1998

Table 8: Public Non-Residential Construction Output by Value (£m at current prices and percent), 1995-1998

Table 9: Private Non-Residential Construction Output by Value (£m at current prices and percent), 1995-1998

Table 10: Repair & Maintenance Output by Value (£m at current prices and percent), 1995-1998

Industry Background

RECENT HISTORY

INDUSTRY CONCENTRATION

TRADE ASSOCIATIONS

Table 11: Number of VAT-Based Enterprises by Turnover (£000 and percent), 1998

Table 12: Number of Private Plant Hire Contractors by Number of Employees, 1994-1997

Table 13: The Private Plant Hire Contractors Market by Value (£m), 1994-1997

Table 14: Turnover of Private Plant Hire Contractors by Number of Employees (£m), 1994-1997

Table 15: Principal Activities of ECIA Member Firms ( percent), 1998

Table 16: ECIA Site Employment by Project ( percent), 1998

Competitor Analysis

THE MARKETPLACE

MARKET LEADERS

MAJOR COMPANIES

ADVERTISING AND PROMOTION

Table 17: Leading UK Plant Hire Companies by Turnover (£m), 1996/1998

Strengths, Weaknesses, Opportunities and Threats (SWOT)

STRENGTHS

WEAKNESSES

OPPORTUNITIES

THREATS

Buying Behaviour

CIVIL ENGINEERING CONTRACTORS

GENERAL BUILDERS

INDUSTRIAL AND COMMERCIAL USERS

PRIVATE INDIVIDUALS

Outside Suppliers to the Industry

INTRODUCTION

TOOLS AND EQUIPMENT

SITE PLANT

CATERING AND CORPORATE

MOBILE PLANT

RAIL EQUIPMENT

ACCESS AND LIFTING EQUIPMENT

HEAVY PLANT

Current Issues

ECONOMIC FACTORS

LEGISLATION

CORPORATE ACTIVITY

Forecasts

FORECASTS 1999 TO 2003

Table 18: The Forecast UK Plant Hire Market by Value (£m and percent), 1999-2003

Table 19: Forecast Construction Output by Value (£m at constant 1990 prices and percent), 1998-2002

Company Profiles

INTRODUCTION

DEFINITIONS

FURTHER INFORMATION

Further Sources

ASSOCIATIONS

PERIODICALS

DIRECTORIES

GENERAL SOURCES

HOPPENSTEDT BONNIER INFORMATION SOURCES

GOVERNMENT PUBLICATIONS

OTHER SOURCES

Text © 1999 Key Note

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Last updated by Jacob van Eldik 24th January 2000