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The 4th Edition of the ‘Event Equipment Hire Market Report- UK 2019-2023’ provides an informed and up-to-date analysis of the market and includes a review of recent market performance with forecasts up to 2023.
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The 4th Edition of the ‘Event Equipment Hire Market Report- UK 2019-2023‘ provides an informed and up-to-date analysis of the market and includes a review of recent market performance with forecasts up to 2023.
Actavo Events UK, ADI UK, Aggreko, All Event Hire, Amberon, Andy Loos, Arena Events Group, Blitz Communications, Britannia Row Productions, Cameron Presentations, Carlinden Events, Carrier Rental Systems (UK), Chevron Traffic Management, City Furniture Hire, Concept Furniture International, Contraflow, CSM Live, Danco, DBpixelhouse, Elliott Group, Energyst, Enigma Visual Solutions, Europa International Exhibition Services, Event Marketing Solutions, Events Solution, Field & Lawn (Marquees), Generator hire, Generator Power, GL Events, GLD Productions, Global Experience Specialists (GES), Hamilton Rentals, Hawthorn Theatrical, Highway Traffic Management, Index Group, JMT Indisplay, John Attwooll and Company (Tents), Jongor, LCI ProductionsLosberger De Boer Group, Media Powerhouse, MEMS Power Generation, Mobile Visual Information Systems, NEP Group, Neptunus, Perfect Associates, Perton Signs, PKL Group (UK), Portable Toilets, Portakabin, Power Electrics (Bristol), PRG XL Video, Qdos Event Hire, Rennyco, Road Traffic Solutions, Showlite, Spaceworks Furniture Hire, Stage Electrics Partnership, Stage One, Stageco, Star Events, Steeldeck Rental, Sun Traffic, Temp Fence Supplies, Temporary Fencing, The Freeman Company (UK), Thorns Group, Wernick Events, Wernick Group, etc.
The UK has a well-developed infrastructure of event destinations, venues and service suppliers and a global reputation for the staging of events, particularly sports and music events. The events industry is growing and evolving which provides opportunities for the event equipment hire market.
Market growth is constrained by the competitive nature of the market and its price sensitivity. Though hire rates have tended to increase since 2014, hire companies have not always been able to pass on the rising costs resulting from the increased cost of sourcing products from abroad, because of the fall in sterling, or from the need to provide upgraded equipment to meet rising customer expectations.
Visitor expectations of events are increasing, with events such as music concerts & festivals becoming audio & visual spectacles; touch screens are generally expected at exhibitions; and there has been upgrading of interiors in temporary structures; and better facilities at festivals. The trend for glamorous camping (‘glamping’) has continued which has seen growing demand for more showers and higher standards, particularly regarding sanitation and water supply.
Key market influences on the event equipment hire market are the performance of the events sector (itself highly dependent on the weather), as well as the general economic climate and the strength of the industries that are represented at exhibitions and trade shows, health & safety legislation and trends towards improving the ‘visitor experience’ (style, comfort etc).
The prospects of the event equipment hire market appear positive despite uncertainty over the impact of the UK leaving the European Union, as the strength of the UK events industry should ensure that the hire market continues to enjoy underlying growth.
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