Construction Equipment Rental Market Report – UK 2019-2023 includes the Covid-19 Impact Report

The 7th edition of the UK Construction Equipment Rental Market report analysing hire product sectors, trends, key factors influencing the market and more.

The ‘Construction Equipment Rental Market Report – UK 2019-2023‘ – £945+VAT (if applicable) for a PDF version.

This report reviews the overall UK Construction Equipment Rental Market, analysing hire product sectors, trends and key factors influencing the market. The structure of the UK construction equipment rental market comprises 3 principle sectors – plant hire, tool hire and ‘specialists’. However, at the outset, it should be emphasised that these ‘definitions’ are complex and there is considerable overlap in terms of product mix, range of operations etc., which makes it difficult to categorise many companies into any specific sector.

The market includes an extensive range of hire companies and hire products and a fragmented & diverse customer base, with hire requirements ranging from the hire of a drill to that of a bulldozer. This report focuses on companies hiring products within key product sectors, where the hire of these products represents a significant proportion of their business activity.

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The 7th edition of the ‘Construction Equipment Rental Market Report – UK 2019-2023’ has been published by AMA Research. The report represents an up-to-date and comprehensive review of the construction equipment rental hire market, analysing current trends by product sector and includes comment on market prospects and implications for hire companies and the industry as a whole.

Key issues covered in the report include:

  • Construction equipment rental market in the UK highlighting key organisations and factors affecting market performance.
  • Product group analysis includes the following sectors: –
    • Earth Moving – excavators, dump trucks, site dumpers etc.
    • Lifting – cranes, powered access, materials handling.
    • Access equipment – MEWPs, scaffolding, access towers, ladders, mast climbers & suspended access.
    • Skips & rubbish chutes.
    • Others – including hand & power tools; portable buildings & environmental control; pumping, crushing & screening plant; road making equipment; generators & compressors; primary construction equipment; transport & sweepers etc.

Key areas of insight include:

  • Review of market performance 2014-2018 – non-domestic construction, housebuilding, non-construction, legislation.
  • Forecasts of performance of UK Construction Equipment Rental Market 2019-2023
  • Product sector review – analysis of hire market by product group.
  • Review of market structure and major hire companies – turnover, branches, specialisms, acquisitions etc.

Some of the companies included:

A-Plant, Ashtead Group plc, VP plc, Speedy Hire, HSS Hire Service Group, Brandon Hire Station, Briggs Equipment, Manitou, Deutz, Screwfix, Toolstation, GAP Group, Quatro Plant, Elliott Hire, Nationwide Platforms, Aggreko, Brand Energy, Mabey Hire, Weldex, Biffa Waste, VP plc, Selwood and more.


The Market

  • Market definition of plant hire companies and products included.
  • Market trends 2014-2018 – factors influencing market development (levels of construction activity, infrastructure developments, legislation, events, distribution & warehousing, impact of rental hire rates & periods, etc).
  • Forecasts of market size up to 2023.
  • Market prospects for hire market – impact of construction and non-construction activity, including domestic and non-domestic construction e.g. infrastructure (including transport and utilities), offices, rental rates, trends impacting construction industry etc.

Hire Companies

  • Overview of supply structure – competitive, fragmented sector with most players operating in relatively limited product sectors due to the high number of specialist operators.
  • Market shares of major hire companies – some major players increasing shares through acquisitions and organic growth.
  • Review of major hire companies – turnover, branches, areas of specialisation etc.

Products and Suppliers

  • Market size and analysis by product group: –
    • Earth Moving – excavators, dump trucks, site dumpers, etc.
    • Lifting – cranes, powered access, materials handling.
    • Access equipment – MEWPs, scaffolding, access towers, ladders, mast climbers & suspended access.
    • Skips & rubbish chutes.
    • Others including hand & power tools; portable buildings & environmental control; pumping, crushing & screening plant; road making equipment; generators & compressors; primary construction equipment; transport & sweepers, etc; lighting, welding & small power; gardening & landscaping; cleaning & floor preparation; concreting & compacting; and ancillary products (including temporary portable access).
  • Product mix within major product groups – analysis by major sectors, share by sector, key trends.
  • Product trends by product group – growth sectors, etc.
  • Review of hire product sectors by type of hire company – plant hire, tool hire and specialist.

The UK construction equipment rental industry is extremely competitive and relatively fragmented, and ranges from national equipment rental companies to local independents operating in the market. Companies range widely in terms of geographical coverage, financial resources, brand recognition and equipment offered. Some companies are more reliant on construction whereas other companies have developed more diverse markets, such as manufacturing, recycling and events. The market has continued to experience growth since 2014, benefiting from positive performance in most end-use sectors. However, the level of construction activity in the different end-use sector has varied, which influences the level of hire demand from each sector.

The construction equipment rental market is extremely diverse, with equipment ranging from tools to excavators. The construction equipment hire market is diverse, with equipment ranging from excavators to lighting towers and tools. In general, the level and nature of plant and tool hire is impacted by the construction cycle, with the hire of excavators for groundworks initiating the cycle and power tools for installation work used towards the end. Demand for each type of equipment will reflect the performance of the end-use sector requiring that equipment, as well as the propensity to hire or buy within a given sector. In general terms, the performance of the UK economy has a direct impact on the level of hire demand due to its impact on construction activity, home improvement projects and the events industry etc.

Construction equipment hire is a competitive market and levels of demand and sector capacity impact on hire rates. Whilst rental rates increased in 2014, they have since been relatively flat. Rate increases tend to vary with the different products; for example, crane rates have remained more static across the review period, with powered access being more variable from year to year. Whilst rate increases boost market size, they may contribute to some margin erosion.

Prospects for the UK construction equipment rental market into the medium-term remain positive. The range of factors influencing the market are extensive and the equipment hired will be influenced by the applications required in each end-use sector as well as wider macro-issues and other more product specific issues.The biggest risk factor in the forecast remains the outcome of the Brexit negotiations. The above forecast has been prepared on the basis that a deal with the EU will be achieved rather than the UK leaving with a ‘no deal’. As such we see a continued slowing within key sectors rather than a sudden stop and whilst the potential for a ‘post Brexit bounce’ remains, the timing is likely to be deferred into the medium rather than the short-term.

Contents Listing

1. INTRODUCTION 6
1.1 INTRODUCTION 6
1.2 SOURCES OF INFORMATION 6
2. SUMMARY AND FUTURE PROSPECTS 8
2.1 SUMMARY 8
2.2 MARKET PROSPECTS 9
3. ECONOMIC ENVIRONMENT 11
3.1 OVERVIEW AND OUTLOOK 11
3.2 KEY DATA 12
3.2.1 GDP 12
3.2.2 Inflation & Interest Rates 12
3.2.3 Employment & Wages 13
3.2.4 Household Consumption 14
3.2.5 Sterling 15
4. CONSTRUCTION EQUIPMENT RENTAL MARKET 17
4.1 DEFINITION 17
4.2 MARKET STRUCTURE 19
4.3 MARKET SIZE 21
4.3.1 Recent Performance 21
4.3.2 Market Prospects 24
4.4 KEY MARKET INFLUENCES 27
4.4.1 Construction 27
4.4.2 Non-domestic Construction 28
4.4.3 Housebuilding 33
4.4.4 Non-construction 35
4.4.5 Legislation 35
5. CONSTRUCTION EQUIPMENT RENTAL COMPANIES 37
5.1 MARKET STRUCTURE 37
5.2 COMPANY SHARES 38
5.3 COMPANY PROFILES 39
5.4 PLANT HIRE, TOOL HIRE, SPECIALIST & OTHERS BY PRODUCT SECTOR 44
6. PRODUCTS 46
6.1 PRODUCT MIX 46
6.2 PRODUCT TRENDS 47
6.2.1 Earth Moving Equipment 47
6.2.2 Lifting Plant 49
6.2.3 Skips & Rubbish Chutes 52
6.2.4 Access Equipment 53
6.2.5 Hand and Power Tools 58
6.2.6 Portable Buildings and Environmental Hire Products 60
6.2.7 Pumping, Crushing and Screening Plant 63
6.2.8 Road-Making Equipment 64
6.2.9 Primary Construction Equipment 66
6.2.10 Generators and Compressors 69
6.2.11 Transport, Sweepers, Bowsers and Washing Stations 71
6.2.12 Lighting, Welding and Small Power 73
6.2.13 Gardening and Landscaping Equipment 74
6.2.14 Cleaning and Floor Preparation 76
6.2.15 Concreting and Compacting 77
6.2.16 Ancillary Hire Products 79

Tables and Charts

CHART 1: UK CONSTRUCTION EQUIPMENT RENTAL MARKET BY HIRE VALUE (£M) 2014 – 2023 8
CHART 2: GDP DATA – 2015-2019 – KEY CONSTITUENT ELEMENTS 12
CHART 3: CPI INFLATION AND BANK OF ENGLAND BASE RATE, 2008-2023 13
CHART 4: AVERAGE WEEKLY EARNINGS DATA – GB – TOTAL PAY – 2014-2019 (SEASONALLY ADJUSTED) 14
CHART 5: PDI & SAVINGS RATIO AT CURRENT PRICES 2008-2023 15
CHART 6: EXCHANGE RATE FLUCTUATIONS 2015-2021 – STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES 16
CHART 7: CONSTRUCTION EQUIPMENT RENTAL MARKET DISTRIBUTION STRUCTURE 20
TABLE 8: UK CONSTRUCTION EQUIPMENT RENTAL MARKET BY HIRE VALUE 2014-2023 21
CHART 9: END-USE SECTOR CONSTRUCTION OUTPUT GROWTH FORECASTS (%) 2018-2023 26
CHART 10: CONSTRUCTION OUTPUT (GREAT BRITAIN) NEW WORK & RMI – CURRENT PRICES (£BN) 2014-2023 27
CHART 11: NON-DOMESTIC CONSTRUCTION OUTPUT (GREAT BRITAIN) – CURRENT PRICES (£BN) 2014-2023 28
CHART 12: NON-RESIDENTIAL CONSTRUCTION NEW WORK OUTPUT GB % SECTOR MIX BY VALUE 2018 AND 2023 29
CHART 13: NON-DOMESTIC CONSTRUCTION RMI OUTPUT BY SECTOR (PUBLIC, PRIVATE, INFRASTRUCTURE) BY VALUE (£BN) 2014-2018 30
CHART 14: INFRASTRUCTURE OUTPUT % SECTOR MIX (ROADS, RAILWAYS, WATER, ELECTRICITY, ETC.) BY VALUE 2018 31
CHART 15: VALUE OF ROADS & RAIL CONSTRUCTION OUTPUT BY VALUE (£M) 2014-2018 31
CHART 16: UTILITIES MARKET GB CONSTRUCTION OUTPUT BY SECTOR (WATER, ELECTRICITY, OTHER) BY VALUE (£BN) 2014-2018 32
CHART 17: HOUSEBUILDING STARTS & COMPLETIONS AND FORECASTS (UK) BY ‘000S OF DWELLINGS 2014–2023 33
CHART 18: HOUSEBUILDING COMPLETIONS IN ENGLAND % MIX BY TYPE OF DWELLING (FLATS VERSUS HOUSES) 2008-2018 34
TABLE 19: MARKET SHARES OF MAJOR UK CONSTRUCTION EQUIPMENT HIRE OPERATORS 2018 39
TABLE 20: ESTIMATED SHARES BY TYPE OF HIRE COMPANY (PLANT, TOOL, SPECIALISTS) BY HIRE PRODUCT SECTOR 2018 44
TABLE 21: OVERALL CONSTRUCTION EQUIPMENT RENTAL MARKET % PRODUCT MIX BY HIRE VALUE (£M) 2018 46
TABLE 22: HIRE MARKET FOR EARTH MOVING PRODUCTS (EXCAVATORS, LOADING SHOVELS, DUMP TRUCKS, OTHERS) BY HIRE VALUE (£M) 2018 47
TABLE 23: HIRE MARKET FOR LIFTING PLANT (MATERIALS HANDLING, CRANES) BY HIRE VALUE (£M) 2018 49
TABLE 24: HIRE MARKET FOR SKIPS & RUBBISH CHUTES BY HIRE VALUE (£M) 2018 52
TABLE 25: HIRE MARKET FOR ACCESS EQUIPMENT (POWERED, SCAFFOLDING, TOWERS, LADDERS ETC.) BY HIRE VALUE (£M) 2018 53
CHART 26: UK POWERED ACCESS EQUIPMENT HIRE MARKET (SCISSORS, BOOMS. TRAILER MOUNTED, VEHICLE MOUNTED ETC) % MIX BY HIRE VALUE 2018 55
TABLE 27: HIRE MARKET FOR HAND AND POWER TOOLS (DRILLING/BREAKING, CUTTING/GRINDING, CARPENTRY, PLUMBING, OTHERS) BY HIRE VALUE (£M) 2018 58
TABLE 28: HIRE MARKET FOR PORTABLE ACCOMMODATION AND ENVIRONMENTAL BY HIRE VALUE (£M) 2018 60
CHART 29: UK HIRE MARKET FOR HEATING, DRYING & COOLING (DEHUMIDIFIERS, HEATERS, AIR CONDITIONING) % MIX BY HIRE VALUE 2018 62
TABLE 30: HIRE MARKET FOR PUMPING, CRUSHING AND SCREENING PLANT BY HIRE VALUE (£M) 2018 63
TABLE 31: HIRE MARKET FOR ROAD MAKING PRODUCTS (ROLLERS, PLANERS/PAVERS, OTHERS) BY HIRE VALUE (£M) 2018 65
TABLE 32: HIRE MARKET FOR PRIMARY CONSTRUCTION EQUIPMENT (FORMWORK, PILES/DRIVING, TUNNELLING) BY HIRE VALUE (£M) 2018 66
TABLE 33: HIRE MARKET FOR GENERATORS AND COMPRESSORS AT HIRE VALUE (£M) 2018 69
TABLE 34: HIRE MARKET FOR TRANSPORT, SWEEPERS, BOWSERS AND WASHING STATIONS BY HIRE VALUE (£M) 2018 71
TABLE 35: HIRE MARKET FOR SMALL GENERATORS AND ASSOCIATED LIGHTING, WELDING & POWER AT HIRE VALUE (£M) 2018 73
TABLE 36: HIRE MARKET FOR GARDENING AND LANDSCAPING EQUIPMENT BY HIRE VALUE (£M) 2018 75
TABLE 37: HIRE MARKET FOR CLEANING AND FLOOR PREPARATION (WASHERS, FLOOR FINISHING, CLEANERS ETC.) BY HIRE VALUE (£M) 2018 76
TABLE 38: HIRE MARKET FOR CONCRETING AND COMPACTING (PLATE COMPACTORS, SCREEDING, CONCRETE, ROLLERS ETC) BY HIRE VALUE (£M) 2018 78
TABLE 39: HIRE MARKET FOR ANCILLARY HIRE PRODUCTS (LIFTING GEAR, TEMPORARY PORTABLE ACCESS, SITE EQUIPMENT ETC) BY HIRE VALUE (£M) 2018 79


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