Generator Hire Market Report - UK 2016-2020 Analysis
Published: 19/10/2016 / Number of Pages: 61 / Price: £845.00
Introduction and Overview
The 1st edition of the 'Generator Hire Market Report - UK 2016-2020 Analysis' incorporates original input and primary research, representing a new and unique up-to-date analysis of this market, which has been relatively buoyant in recent years, outperforming the general economy in terms of growth. The report reviews developments within the sector, assessing market size, trends and structure. Recent trends, key influencing factors and forecasts of future developments are also assessed and the report also reviews key application sectors for generator hire with views on future developments.
Key content covered:
- Generator hire market overview.
- Market analysis - market size and forecasts, power rating mix, end-user sector mix.
- Hire companies - market structure, hire company shares, company profiles.
Key areas of insight include:
- Key trends and market influencing factors - non-domestic construction, housebuilding, events, waste management etc.
- Review of market structure.
- Major generator hire companies - key players, share estimates, profiles etc.
- End-use sector analysis - share mix by major sector - construction, infrastructure, industrial, events, oil/gas/marine, public sector etc.
- Forecasts of performance of UK generator hire market up to 2020 - prospects for growth, key market drivers etc.
- Detailed market data and insight on the generator hire market by AMA Research, a leading UK provider of construction market intelligence.
Some of the companies included:
Aggreko plc, Ashtead Group plc, Balloo Hire Centre, Banson Tool Hire, Brandon Hire Limited, Carrier Rental Systems, Central Power Services, Charles Wilson Engineers, Energyst, Gap Group, Generator Power Ltd, Grafton Group, Hewden Stuart, Hire Station, HSS Hire Service Group, IWS Generator Hire, Jewson, JF Hunt Power, Lord Hire Centres, Mather and Stuart, Mems Power Generation, MHM UK, Newburn Power Rental, Power Electric Ltd, Power Electrics (Bristol), Select Plant Hire, Smiths Equipment Hire, Speedy Hire plc, Stuart Power, Supply UK Hire Shops, TGC International, The Turner Group, Travis Perkins, WB Power Services, Woodlands (Worcestershire).
The Generator Hire Market
- Market definition - hire of diesel generators for temporary power, equipment/ancillaries.
- Market size and trends 2013-2016 - factors influencing market development - levels of construction activity, infrastructure developments, range of applications, legislation, events, impact of hire rates & periods, critical power requirements etc.
- Forecasts of market size up to 2020.
- Key end-use sectors - estimated sector shares - construction, infrastructure, events, industrial (manufacturing, processing/refining, waste management/recycling), oil/gas/marine, public sector etc.
- Future prospects for hire market - impact of construction and non-construction activity, Brexit etc.
- Review of trends in key sectors - positive and negative factors influencing market prospects.
- Overview of supply structure - competitive market - mix of generator hire specialists, plant hire & tool hire companies etc.
- Market shares of major hire companies - leading players.
- Review of major hire companies - profiles of leading players, turnover, branches, generator power rating ranges etc.
- Industry restructuring.
Products and Suppliers
- Overall generator hire market - mix of generator equipment and ancillary products. Overall estimates of mix, key support requirements etc.
- Generator power rating mix - share by volume, recent trends.
- Legislation and product development.
- Major equipment suppliers.
- Positive and negative factors affecting the market - construction levels, weather, non-construction activity, events, market competition, 'hire vs buy' issue, hire rates, etc.
- Key construction sectors - infrastructure, housing, offices, etc.
- Impact of key projects - rail, roads, renewable energy etc.
- Future developments and implications for generator hire companies - economic influences, future growth prospects.
- Prospects for the hire market in 2016/17 and through to 2020.
Within our definition, the UK generator hire market (excluding ancillary products) has experienced underlying growth since the initial impact of the economic & construction downturn in 2008-10 with particularly good growth since 2012. In 2015, it is estimated that the market grew by around 7%, with a further 4% growth expected in 2016. Generator hire is a competitive market, but benefits from the wide range of end-use applications which helps underpin market growth. This report reviews the hire market of diesel generators only, with a focus on those with a generator rating up to 2,000 kVA.
The hire of generators is well-established in the UK and reflects the need for temporary, emergency or back-up power in a wide range of applications. Given this diversity of applications, the performance of the UK economy has a direct impact on the level of generator hire demand, reflecting trends in both construction and non-construction activity. Demand tends to be relatively closely aligned to GDP, with short term fluctuations influenced by construction downturns and recovery, while other key factors impacting on demand include emergencies - in particular flooding in recent years - and major events, such as the Olympics.
By volume, generators with a rating up to 20 kVA account for around a third of the market, with the 21-350kVA category accounting for a larger share (40-50%). The latter are typically used in construction and events - as well as for use in a small office, industrial unit or hospital department etc. This report only covers generator unit hire, but within the overall generator hire market, ancillary products represent a significant value added element to the overall contract value. However, requirements for ancillary products/services will vary considerably depending on the location, application, additional elements required, generator size etc. Construction accounts for the largest end-user share followed by the industrial sector, with infrastructure and events also important sectors for generator hire.
The market has continued to grow in 2016 but, following the Brexit decision in June, growth rates have been revised and are expected to be lower than previously forecast. However, the underlying trend remains positive and there is substantial optimism in mid-2016 within the generator hire sector for growth which is expected to continue to 2020. Contributing factors include a combination of generally rising levels of electricity consumption, concerns over grid capacity and reliability, more infrastructure projects and developments in remote locations (wind farms, nuclear etc.), and the growing events sector. The hire versus buy issue will continue to impact on the generator hire market and, as conditions improve, companies will continue to re-assess this issue. Market growth may also continue to be impacted by hire rates due to the competitive nature of the market (particularly in the construction sector) and the need to maintain adequate levels of utilisation.
List of Report Contents
- Contents Listing
- 1. INTRODUCTION 6
- 1.1 BACKGROUND 6
- 1.2 SOURCES OF INFORMATION 6
- 2. SUMMARY AND FUTURE PROSPECTS 8
- 2.1 SUMMARY 8
- 2.2 FUTURE PROSPECTS 9
- 3. ECONOMIC ENVIRONMENT 11
- 3.1 GDP 11
- 3.2 INFLATION & INTEREST RATES 13
- 3.3 UNEMPLOYMENT 14
- 3.4 HOUSEHOLD CONSUMPTION 14
- 3.5 HOUSING & CONSTRUCTION 15
- 3.6 STERLING 15
- 3.7 POPULATION PROFILE 16
- 3.8 CONCLUSIONS 16
- 4. THE GENERATOR HIRE MARKET 18
- 4.1 GENERATOR HIRE MARKET DEFINITION 18
- 4.2 MARKET STRUCTURE 19
- 4.3 MARKET SIZE 21
- 4.3.1 Background and Recent Performance 21
- 4.3.2 Future Prospects 25
- 5. PRODUCTS 31
- 5.1 OVERVIEW 31
- 5.2 UK PRODUCTION OF GENERATORS BY OUTPUT RATING 32
- 5.3 MIX OF GENERATOR RATING CATEGORIES - HIRE BY VOLUME 33
- 5.4 GENERATORS FOR TEMPORARY POWER 34
- 5.4.1 Generator Manufacturers 34
- 5.4.2 Product Development 35
- 5.4.3 Legislation 36
- 6. GENERATOR HIRE END-USE SECTORS 38
- 6.1 INTRODUCTION 38
- 6.1.1 Generator Hire End-use Sectors 38
- 6.2 CONSTRUCTION 40
- 6.2.1 Non-Domestic Construction 41
- 6.2.2 Housebuilding 42
- 6.3 INFRASTRUCTURE 43
- 6.3.1 End-use sector mix within infrastructure 43
- 6.3.2 Utilities 43
- 6.3.3 Transport 45
- 6.4 INDUSTRIAL 46
- 6.4.1 End-use sector mix within the Industrial Sector 46
- 6.4.2 Manufacturing 47
- 6.5 EVENTS & LEISURE 49
- 6.6 PUBLIC SECTOR 50
- 6.7 OTHER 51
- 7. GENERATOR HIRE COMPANIES 53
- 7.1 OVERVIEW 53
- 7.2 MARKET SHARES 53
- 7.3 HIRE COMPANIES 54
- 7.4 TRADE ASSOCIATIONS 61
- Tables & Charts
- CHART 1 UK GENERATOR HIRE MARKET SIZE AND FORECASTS 2013-2020 (£M) 8
- TABLE 2 GDP DATA - 2013-2016 - KEY CONSTITUENT ELEMENTS 12
- CHART 3 INTEREST RATES AND INFLATION (CPI) FROM 2000-2020 13
- CHART 4 PDI & SAVINGS RATIO AT CURRENT PRICES 2000-2020 14
- TABLE 5 EXCHANGE RATE FLUCTUATIONS 2012-2018 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES 16
- CHART 6 GENERATOR HIRE MARKET STRUCTURE 19
- CHART 7 UK GENERATOR HIRE MARKET SIZE AND STRUCTURE - GENERATOR EQUIPMENT AND ANCILLARY PRODUCTS. 21
- CHART 8 UK GENERATOR HIRE MARKET 2013-2016 (£M) AT HIRE MARKET VALUE 22
- TABLE 9 UK GENERATOR HIRE MARKET FORECASTS 2016-2020 (£M) AT HIRE MARKET VALUE 26
- TABLE 10 NON-DOMESTIC CONSTRUCTION OUTPUT SECTOR ANALYSIS 2016 TO 2020 - BY VALUE :(£ BILLION AT CURRENT PRICES) 29
- CHART 11 PRODUCT MIX OF GENERATORS AND ANCILLARY PRODUCTS % SHARE BY VALUE 2015 32
- TABLE 12 GENERATOR RATING MIX FOR GENERATING SETS SOLD IN UK IN 2014 (% SHARE) 32
- TABLE 13 GENERATOR RATING MIX - % HIRE BY VOLUME - ABOVE 750KVA, 376-750 KVA, 21-350KVA, UP TO 20KVA 34
- CHART 14 GENERATOR HIRE - END-USE SECTOR MIX - CONSTRUCTION, INDUSTRIAL, INFRASTRUCTURE, EVENTS, OIL/GAS, PUBLIC ETC 39
- CHART 15 GROWTH FORECASTS OF NON-DOMESTIC CONSTRUCTION SECTORS (EDUCATION, OFFICES, INFRASTRUCTURE, HEALTH ETC) 2016-2020 41
- CHART 16 HOUSING COMPLETIONS 2010 - 2020 - UNITED KINGDOM ('000) 42
- TABLE 17 END-USE SECTOR MIX WITHIN INFRASTRUCTURE, % 43
- CHART 18 UK ELECTRICITY GENERATION SHARE BY FUEL TYPE (COAL, GAS, NUCLEAR, RENEWABLES AND OTHERS*) GWH 2009-2014 44
- CHART 19 VALUE OF ROAD & RAIL CONSTRUCTION OUTPUT 2010-2015 (£ BILLION) 46
- TABLE 20 GENERATOR HIRE - END-USE MIX IN THE INDUSTRIAL SECTOR - MANUFACTURING, REFINING/PROCESSING, RECYCLING/WASTE/OTHERS 47
- TABLE 21 OUTPUT OF THE PRODUCTION INDUSTRIES (INDEX % CHANGE) 2011-2015 48
- CHART 22 UK EVENT EQUIPMENT HIRE MARKET 2008-2018 (£M) 50
- TABLE 23 LEADING GENERATOR HIRE COMPANIES - ESTIMATED MARKET SHARES BY VALUE 2015 54
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