Powered Access Equipment Hire Market Report – UK 2019-2023
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This report contains details on the UK’s market for powered access equipment hire. Including market size, product mix, forecasts until 2023 and more.
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The second edition of the ‘Powered Access Equipment Hire Market Report – UK 2019-2023‘ reviews the key trends and factors influencing the hire market for powered access equipment. The report also provides an insight into the market’s distribution structure and reviews the major suppliers.
The report covers the hire market for mobile elevating work platforms (MEWPs), including the following product sectors: Scissor lifts, boom lifts, spider lifts, vehicle (truck and van) & trailer mounted platforms and personnel lifts/vertical masts.
Key issues covered:
- Detailed assessment of the market – market sizes, key drivers, key influencing trends, product mixes and product trends etc.
- Analysis by product group – scissor lifts, boom lifts, spider lifts, vertical masts/personnel lifts, vehicle mounted lifts and trailer lifts.
- Analysis of key influencing factors and overall trends in other hire sectors, e.g. construction equipment hire, plant hire.
- Review of powered access equipment hire companies.
- Forecasts of market developments to 2023.
Key areas of insight include:
- Factors influencing growth in the powered access equipment hire market – trends in residential, infrastructure and other non-residential construction, growth in non-construction sectors e.g. warehousing and the events industry, impact of government regulations, technological developments, etc.
- The importance of the hire market as part of the overall supply chain for MEWPs in the UK.
- Market size by value 2014-2018 and forecasts to 2023.
- The performance of the overall construction sector and key end-use sectors, along with key influences such as the impact of the EU withdrawal, the value of Sterling, reduced consumer and investor confidence, shortage of skilled workers, etc.
- Trends in the powered access equipment hire market – fleet capacity levels and investment in new machines, product developments and product mix of powered access hire equipment by volume and value.
Some of the companies included:
Nationwide Platforms, AFI-Uplift, Prolift Access, HSS, Summit Platforms, National Energy, Climate Plan, Speedy Hire, Height for Hire, Access Hire Nationwide, Smart Platform, SHB Vehicle Hire & Management, Genie, JLG, Manitou, Lifterz, A-Plant, Hinowa, Teupen, GT Access, MBS Access, Versalift, Aldercote, Ruthmann, Palfinger, Access Alliance, Charles Wilson Engineers, Travis Perkins, Briggs Equipment, Balloo Hire Centre, Highway Plant Co Ltd, JMS Plant Hire, Neon Hire Services and more.
The Market – Size, Structure, Trends and Drivers
- Total powered access equipment hire market – analysis of size by value 2014 -2018, drivers for change, trends, sector mix changes, estimates of market volume 2014-2018 by product type, historical trends and market characteristics.
- Market prospects – forecasts of overall market performance in 2019-23.
- Analysis by major product sectors – scissor lifts, boom lifts, spider lifts, vertical masts/personnel lifts, vehicle mounted lifts and trailer lifts – current shares and mix, driving factors, market prospects.
- Key end use sectors, residential and non-residential construction and RMI trends, legislation, trends in other hire sectors, e.g. construction equipment rental, plant hire.
Product Mix and Sector Analysis
- Overview of key products and shares – a review of the developments within each of these product sectors, market size and share accounted for by each product type, typical rental rates.
- Scissor lifts – Market size by number of units and market size by value. Key product trends and supply trends in this sector.
- Boom lifts – Market size by number of units and market size by value, product and technological trends and suppliers.
- Spider lifts – Market size by number of units and market size by value. Product trends, end-use sectors, suppliers.
- Vertical masts/personnel lifts – Market size, product trends, end-use sectors.
- Vehicle mounted (including van mounted and truck mounted) – market size by number of units and market size by value, product and technological trends, end-use sectors, suppliers.
- Trailer mounted – market size and key suppliers.
Supply and Distribution
- Overview of market structure – market breakdown between specialist companies and general plant & tool hire companies, recent acquisitions within the market, etc.
- Supplier market shares – leading powered access equipment hire companies with market share by value.
- Profiles of leading suppliers – company overview, turnover, number of locations, fleet size and characteristics, etc.
The access equipment market has grown substantially in the last five years, enjoying particularly strong growth in 2014 and 2015, driven largely by the powered access equipment rental sector, in which companies were investing in the rapid expansion and renewal of their fleets following the disposals made earlier in the decade during the construction downturn.
The non-powered access equipment sector also experienced healthy growth in these two years, triggered by a sharp rise in new residential construction influenced by Government measures to address under supply and to encourage housing demand through schemes such as ‘Help to Buy’.
2016 and 2017 saw further improvement as growth in both residential and non-residential construction provided opportunities for all types of access equipment, particularly in sectors such as infrastructure, offices and industrial, as well as housing. A recovery in the manufacturing sector, boosted by exchange rate advantages after the fall of sterling in 2016, also fed through into increased demand as a result of higher levels of site maintenance.
However, the latter part of 2017 and 2018 have seen a marked slowing of growth. Construction activity has contracted and remains fragile, in response to a significant decline in business and consumer confidence, principally due to the political and economic uncertainties arising from the Brexit process but also influenced by other economic factors such as debt levels and fear of interest rise increases.
The market is expected to remain virtually flat until 2020 before returning to modest underlying growth.
Contents Listing
1. INTRODUCTION 6
1.1 BACKGROUND 6
1.2 SOURCES OF INFORMATION 6
2. SUMMARY AND MARKET 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. THE UK POWERED ACCESS EQUIPMENT HIRE MARKET 17
4.1 MARKET DEFINITION 17
4.2 MARKET CHARACTERISTICS AND STRUCTURE 17
4.2.1 Overall Trends in the Access Equipment Market 19
4.3 UK POWERED ACCESS EQUIPMENT HIRE MARKET 20
4.3.1 Background and Recent Performance 20
4.3.2 Product Types 22
4.3.3 Market Prospects 23
4.4 KEY MARKET INFLUENCES & END-USER SECTORS 24
4.4.1 Construction Market 24
4.4.2 Infrastructure (Utilities, Transport) 27
4.4.3 Industrial 29
4.4.4 Event Equipment Hire 31
4.4.5 Construction Equipment Hire Market 33
4.4.6 Plant Hire Market 35
4.4.7 Legislation 37
4.4.8 Technological Developments 38
5. PRODUCT MIX 41
5.1 OVERVIEW OF PRODUCT MIX 41
5.2 PRODUCT TYPES 43
5.2.1 Boom Lifts 43
5.2.2 Scissor Lifts 44
5.2.3 Spider Lifts 45
5.2.4 Trailer Lifts 46
5.2.5 Vehicle mounted lifts (van-mounted, truck mounted) 46
5.2.6 Vertical masts/Personnel lifts 47
6. POWERED ACCESS EQUIPMENT HIRE COMPANIES 48
6.1 OVERVIEW OF MARKET STRUCTURE 48
6.2 SUPPLIER MARKET SHARES 49
6.3 SUPPLIER PROFILES 51
6.3.1 Powered Access Hire 51
6.3.2 Plant and Tool Hire Companies 57
6.3.3 Builders and Plumbers Merchants 57
Tables & Charts
CHART 1: UK ACCESS EQUIPMENT HIRE MARKET SIZE BY VALUE (£M AT HIRE MARKET PRICES) AND % CHANGE 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: POWERED ACCESS EQUIPMENT HIRE DISTRIBUTION STRUCTURE 19
TABLE 8: UK POWERED ACCESS EQUIPMENT HIRE MARKET 2014-2023 BY HIRE MARKET VALUE (£M) 21
TABLE 9: UK POWERED ACCESS EQUIPMENT HIRE MARKET – PRODUCT TYPE 2018 BY VOLUME AND HIRE MARKET VALUE (£M) 23
CHART 10: CONSTRUCTION OUTPUT (GREAT BRITAIN) NEW WORK & RMI – CURRENT PRICES (£BN) 2014 -2023 25
TABLE 11: RESIDENTIAL AND NON-RESIDENTIAL CONSTRUCTION OUTPUT (NEW WORK AND RMI) GREAT BRITAIN 2014 TO 2023 – BY VALUE (£BN AT CURRENT PRICES) 26
CHART 12: INFRASTRUCTURE CONSTRUCTION NEW WORK OUTPUT BY VALUE (£ BILLION AT CURRENT PRICES) 2014 TO 2023 27
CHART 13: UK INFRASTRUCTURE CONSTRUCTION OUTPUT BY END-USE SECTOR % SHARE BY VALUE 2018 28
CHART 14: INDUSTRIAL CONSTRUCTION NEW WORK OUTPUT BY VALUE (£ BILLION AT CURRENT PRICES) 2014 TO 2023 29
CHART 15: UK EVENT EQUIPMENT HIRE MARKET 2013-2023 (£M) 31
TABLE 16: UK CONSTRUCTION EQUIPMENT RENTAL MARKET AT HIRE MARKET PRICES 2014-2023 34
CHART 17: UK PLANT HIRE MARKET AT HIRE MARKET PRICES 2014-2019 36
CHART 18: UK POWERED ACCESS EQUIPMENT HIRE FLEET (SCISSORS, BOOMS. TRAILER MOUNTED, VEHICLE MOUNTED ETC.) – MIX BY NUMBER OF UNITS 2018 41
CHART 19: UK POWERED ACCESS EQUIPMENT HIRE MARKET (SCISSORS, BOOMS, TRAILER MOUNTED, VEHICLE MOUNTED ETC.) – MIX BY VALUE 2018 43
CHART 20: UK POWERED ACCESS EQUIPMENT HIRE MARKET – SIZE AND STRUCTURE 48
TABLE 21: LEADING POWERED ACCESS EQUIPMENT HIRE COMPANIES: ESTIMATED MARKET SHARES BY VALUE 2018 50
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- Analysis by product group – market size, product mix, sector trends etc.