| 1. |
INTRODUCTION |
6 |
| 2. |
SUMMARY |
7 |
| 3. |
ECONOMIC ENVIRONMENT |
10 |
| 3.1 |
GDP |
10 |
| 3.2 |
INFLATION & INTEREST RATES |
11 |
| 3.3 |
UNEMPLOYMENT |
12 |
| 3.4 |
HOUSEHOLD CONSUMPTION |
13 |
| 3.5 |
HOUSING & CONSTRUCTION |
14 |
| 3.6 |
STERLING |
15 |
| 3.7 |
POPULATION PROFILE |
16 |
| 3.8 |
CONCLUSIONS |
17 |
| 4. |
THE TOOL HIRE MARKET |
18 |
| 4.1 |
DEFINITION |
18 |
| 4.2 |
MARKET STRUCTURE - PRODUCT SALES/TOOL HIRE |
20 |
| 4.3 |
MARKET SIZE |
23 |
| 4.3.1 |
Market Background |
23 |
| 4.3.2 |
Future Prospects |
27 |
| 5. |
TOOL HIRE COMPANIES |
30 |
| 5.1 |
MARKET SHARES |
30 |
| 5.2 |
MARKET SHARES |
36 |
| 5.3 |
HIRE COMPANIES |
39 |
| 5.3.1 |
National Hire Companies |
39 |
| 5.3.2 |
Major Regional Companies |
43 |
| 5.3.3 |
Builders and Plumbers Merchants |
45 |
| 5.3.4 |
DIY Multiples |
50 |
| 5.4 |
BUYING AND SPECIFICATION PROCESS |
50 |
| 5.4.1 |
Buying Groups and Trade Bodies |
51 |
| 5.4.2 |
Safety |
52 |
| 5.5 |
PRICING AND REPLACEMENT CYCLES |
52 |
| 6. |
PRODUCTS |
55 |
| 6.1 |
PRODUCT MIX |
55 |
| 6.2 |
PRODUCT TRENDS |
59 |
| 6.2.1 |
Access Equipment |
59 |
| 6.2.2 |
Drilling & Breaking |
63 |
| 6.2.3 |
Plumbing and Pumping |
65 |
| 6.2.4 |
Cutting & Grinding |
67 |
| 6.2.5 |
Lighting, Welding, Power |
69 |
| 6.2.6 |
Heating, Cooling & Drying |
72 |
| 6.2.7 |
Gardening & Landscaping Equipment |
75 |
| 6.2.8 |
Carpentry & Woodworking |
77 |
| 6.2.9 |
Cleaning & Floor Preparation |
80 |
| 6.2.10 |
Concreting & Compacting |
82 |
| 6.2.11 |
Miscellaneous Product Groups |
84 |
| 7. |
TOOL HIRE CUSTOMERS |
88 |
| 7.1 |
INTRODUCTION |
88 |
| 7.2 |
BUILDERS |
89 |
| 7.3 |
PLUMBING ENTERPRISES |
90 |
| 7.4 |
LOCAL AUTHORITIES AND PUBLIC BODIES |
91 |
| 7.5 |
OTHER CONTRACTORS |
91 |
| 7.6 |
MAINTENANCE OPERATIONS & CLEANING COMPANIES |
92 |
| 7.7 |
CONSUMERS |
93 |
| 8. |
FUTURE PROSPECTS |
95 |
| TABLES & CHARTS |
| CHART 1 |
UK TOOL HIRE MARKET 1997-2003 (£M) |
7 |
| CHART 2 |
INTEREST RATES AND INFLATION (RPI) FROM 1990-2005 |
12 |
| CHART 3 |
PDI & SAVINGS RATIO 1980-2005 |
13 |
| TABLE 4 |
EXCHANGE RATE FLUCTUATIONS 1997-2004 - DOLLARS, AND THE ECU
TO THE POUND STERLING, SPOT RATES |
15 |
| CHART 5 |
AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 ('000) |
16 |
| CHART 6 |
TOOL HIRE DISTRIBUTION STRUCTURE |
21 |
| TABLE 7 |
UK TOOL HIRE MARKET 1995-2003 AT HIRE MARKET PRICES |
24 |
| CHART 8 |
TOOL HIRE MARKET FORECAST 2003-2008 (£M) |
28 |
| CHART 9 |
SHARES OF TOTAL HIRE OUTLETS - 2003 |
32 |
| TABLE 10 |
BUILDERS MERCHANTS SHARE OF TOTAL HIRE OUTLETS 1999-2003 |
33 |
| CHART 11 |
SHARES OF HIRE MARKET BY VALUE - 2003 |
35 |
| CHART 12 |
SHARES OF HIRE MARKET BY VALUE - 1995 |
36 |
| TABLE 13 |
MARKET SHARES OF LEADING COMPANIES BY VALUE 2003 |
37 |
| TABLE 14 |
SPEEDY'S MARKET SHARE, UK TOOL HIRE MARKET, 1995-2002 |
42 |
| CHART 15 |
MERCHANTS MARKET SHARES 2003 |
47 |
| CHART 16 |
MIX OF MERCHANTS BY TYPE 2003 |
49 |
| TABLE 17 |
ESTIMATED HIRE PRODUCT MIX 2003 £M AT HIRE MARKET VALUE |
56 |
| TABLE 18 |
COMPARISON OF HIRE PRODUCT MIX - 2001-2003 BY VALUE |
58 |
| TABLE 19 |
HIRE MARKET FOR ACCESS EQUIPMENT AT HIRE MARKET PRICES 2003 |
60 |
| TABLE 20 |
HIRE MARKET FOR BREAKING & DRILLING AT HIRE MARKET
PRICES 2003 (£M) |
63 |
| CHART 21 |
HIRE MARKET FOR PLUMBING/PUMPING (AT 2003 HIRE MARKET
PRICES) |
66 |
| CHART 22 |
HIRE MARKET FOR CUTTING/GRINDING £M AT HIRE MARKET PRICES
2003 |
68 |
| TABLE 23 |
HIRE MARKET FOR LIGHTING, WELDING & POWER AT HIRE MARKET
PRICES 2003 |
70 |
| CHART 24 |
HIRE MARKET FOR HEATING, DRYING & COOLING AT HIRE MARKET
PRICES 2003 |
73 |
| TABLE 25 |
HIRE MARKET FOR GARDENING AND LANDSCAPING EQUIPMENT £M AT
HIRE MARKET PRICES 2003 |
76 |
| CHART 26 |
HIRE MARKET FOR CARPENTRY & WOODWORKING AT HIRE MARKET
PRICES 2003 |
78 |
| TABLE 27 |
HIRE MARKET FOR CLEANING AND FLOOR PREPARATION AT HIRE
MARKET PRICES 2003 |
81 |
| CHART 28 |
HIRE MARKET FOR CONCRETING/COMPACTING AT HIRE MARKET PRICES
2003 (£M) |
83 |
| TABLE 29 |
HIRE MARKET FOR MISCELLANEOUS PRODUCTS £M, AT HIRE MARKET
PRICES 2003 |
85 |
| CHART 30 |
UK VAT REGISTERED BUILDERS 2003 |
89 |
| CHART 31 |
UK VAT REGISTERED PLUMBERS 2003 |
90 |
| CHART 32 |
DIY CONSUMER/NON-DOMESTIC USERS FOR HIRE TOOLS &
EQUIPMENT |
93 |