| 1. |
INTRODUCTION |
6 |
| 2. | SUMMARY AND FUTURE PROSPECTS |
7 |
| 2.1 | SUMMARY |
7 |
| 2.2 | FUTURE PROSPECTS |
9 |
| 3. | ECONOMIC ENVIRONMENT |
11 |
| 3.1 | GDP |
11 |
| 3.2 | INFLATION & INTEREST RATES |
12 |
| 3.3 | UNEMPLOYMENT |
13 |
| 3.4 | HOUSEHOLD CONSUMPTION |
14 |
| 3.5 | HOUSING & CONSTRUCTION |
15 |
| 3.6 | STERLING |
16 |
| 3.7 | POPULATION PROFILE |
18 |
| 3.8 | CONCLUSIONS |
19 |
| 4. | THE TOOL HIRE MARKET |
20 |
| 4.1 | OVERVIEW |
20 |
| 4.2 | TOOL HIRE MARKET DEFINITION |
20 |
| 4.3 | MARKET STRUCTURE - PRODUCT SALES/TOOL HIRE |
22 |
| 4.4 | MARKET SIZE |
25 |
| 4.4.1 | Market Background |
25 |
| 4.4.2 | Future Prospects |
30 |
| 5. | TOOL HIRE COMPANIES |
36 |
| 5.1 | OVERVIEW |
36 |
| 5.2 | MARKET SHARES |
36 |
| 5.3 | HIRE COMPANIES |
44 |
| 5.3.1 | National Hire Companies |
44 |
| 5.3.2 | Major Regional Companies |
47 |
| 5.3.3 | Tool Hire, Plant Hire and Specialists |
49 |
| 5.3.4 | Builders and Plumbers Merchants |
50 |
| 5.3.5 | DIY Multiples |
52 |
| 5.4 | BUYING AND SPECIFICATION PROCESS |
52 |
| 5.4.1 | Buying Groups and Trade Bodies |
53 |
| 5.4.2 | Legislation and Training, etc. |
53 |
| 5.5 | PRICING AND REPLACEMENT CYCLES |
54 |
| 6. | PRODUCTS |
56 |
| 6.1 | OVERVIEW - PRODUCT SHARES OF TOOL HIRE COMPANIES WITHIN OVERALL CONSTRUCTION EQUIPMENT RENTAL |
56 |
| 6.2 | PRODUCT MIX |
57 |
| 6.3 | PRODUCT TRENDS |
61 |
| 6.3.1 | Access Equipment |
61 |
| 6.3.2 | Drilling & Breaking |
64 |
| 6.3.3 | Plumbing and Pumping |
65 |
| 6.3.4 | Cutting & Grinding |
68 |
| 6.3.5 | Lighting, Welding, Power |
70 |
| 6.3.6 | Heating, Cooling & Drying |
72 |
| 6.3.7 | Gardening & Landscaping Equipment |
74 |
| 6.3.8 | Carpentry & Woodworking |
76 |
| 6.3.9 | Cleaning & Floor Preparation |
78 |
| 6.3.10 | Concreting & Compacting |
80 |
| 6.3.11 | Miscellaneous Product Groups |
81 |
| 7. | TOOL HIRE CUSTOMERS |
88 |
| 7.1 | INTRODUCTION |
88 |
| 7.2 | BUILDERS |
88 |
| 7.3 | PLUMBING AND HEATING CONTRACTORS |
90 |
| 7.4 | LOCAL AUTHORITIES AND PUBLIC BODIES |
91 |
| 7.5 | LARGE AND SMALL CONTRACTORS |
91 |
| 7.6 | FACTORY ENGINEERS, BUYERS, AND MAINTENANCE MANGERS - MAINTENANCE REPAIR AND OPERATIONS (MRO) ETC. |
92 |
| 7.7 | CLEANING CONTRACTORS |
93 |
| 7.8 | CONSUMERS |
93 |
|
TABLES AND CHARTS | |
| CHART 1 | UK TOOL HIRE MARKET 2001-2012 (£M) |
7 |
| CHART 2 | INTEREST RATES AND INFLATION (CPI) FROM 1990-2010 |
13 |
| CHART 3 | PDI & SAVINGS RATIO AT CURRENT PRICES 1990-2010 |
14 |
| TABLE 4 | EXCHANGE RATE FLUCTUATIONS 2000-2008 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES |
17 |
| CHART 5 | AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 (‘000) |
18 |
| CHART 6 | TOOL HIRE DISTRIBUTION STRUCTURE |
23 |
| TABLE 7 | UK TOOL HIRE MARKET 2001-2007 AT HIRE MARKET PRICES |
26 |
| CHART 8 | TOOL HIRE MARKET FORECAST 2007-2012 (£M) |
30 |
| CHART 9 | UK EDUCATION CAPITAL EXPENDITURE 2004-2008 (£ BILLION) |
33 |
| CHART 10 | HOUSEBUILDING COMPLETIONS - % MIX BY TYPE OF DWELLING 2001-2007 |
35 |
| CHART 11 | SHARES OF TOTAL HIRE OUTLETS BY SECTOR - 2007 |
38 |
| TABLE 12 | BUILDERS MERCHANTS SHARE OF TOTAL HIRE OUTLETS 2004-2008 |
39 |
| CHART 13 | SHARES OF HIRE MARKET – BY SECTOR AND VALUE - 2007 |
41 |
| CHART 14 | SHARES OF HIRE MARKET BY VALUE - 1995 |
42 |
| TABLE 15 | ESTIMATED MARKET SHARES OF LEADING COMPANIES BY VALUE 2007 |
43 |
| TABLE 16 | SPEEDY’S MARKET SHARE, UK TOOL HIRE MARKET, 1995-2007 |
45 |
| CHART 17 | MERCHANTS MARKET SHARES 2006 |
51 |
| TABLE 18 | ESTIMATED SHARES BY TYPE OF HIRE COMPANY IN HIRE PRODUCT SECTORS |
56 |
| TABLE 19 | ESTIMATED HIRE PRODUCT MIX 2007 £M AT HIRE MARKET VALUE |
59 |
| TABLE 20 | COMPARISON OF HIRE PRODUCT MIX – 2001-2007 BY VALUE |
60 |
| TABLE 21 | HIRE MARKET FOR ACCESS EQUIPMENT AT HIRE MARKET PRICES 2007 |
62 |
| TABLE 22 | HIRE MARKET FOR BREAKING & DRILLING AT HIRE MARKET PRICES 2007 (£M) |
64 |
| CHART 23 | HIRE MARKET FOR PLUMBING/PUMPING AT 2007 HIRE MARKET PRICES |
66 |
| CHART 24 | HIRE MARKET FOR CUTTING/GRINDING £M AT HIRE MARKET PRICES 2007 |
68 |
| TABLE 25 | HIRE MARKET FOR LIGHTING, WELDING & POWER AT HIRE MARKET PRICES 2007 |
70 |
| CHART 26 | UK MARKET FOR HEATING, DRYING & COOLING 2007 AT HIRE MARKET PRICES |
73 |
| TABLE 27 | HIRE MARKET FOR GARDENING AND LANDSCAPING EQUIPMENT £M AT HIRE MARKET PRICES 2007 |
75 |
| CHART 28 | HIRE MARKET FOR CARPENTRY & WOODWORKING AT HIRE MARKET PRICES 2007 |
76 |
| TABLE 29 | HIRE MARKET FOR CLEANING AND FLOOR PREPARATION AT HIRE MARKET PRICES 2007 |
78 |
| CHART 30 | HIRE MARKET FOR CONCRETING/COMPACTING AT HIRE MARKET PRICES 2007 (£M) |
80 |
| TABLE 31 | HIRE MARKET FOR MISCELLANEOUS PRODUCTS £M, AT HIRE MARKET PRICES 2007 |
81 |
| TABLE 32 | UK INDUSTRIAL PRODUCTS DISTRIBUTORS – MARKET SHARES BY % VALUE 2006 |
86 |
| CHART 33 | UK VAT-REGISTERED BUILDERS 2006 |
89 |
| CHART 34 | UK VAT REGISTERED PLUMBING AND HEATING CONTRACTORS 1998 AND 2006 |
90 |
| CHART 35 | DIY CONSUMER/NON-DOMESTIC USERS FOR HIRE TOOLS & EQUIPMENT - 2007 |
93 |
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