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Plant and Tool Hire (Industrial Report) - UK - December 2013

For the purposes of this report, the UK plant hire market includes two major sectors, namely the hire of heavy plant and equipment (plant hire), mainly for the heavy construction industry, and the hire of tools and small items of plant and equipment (tool hire), used in both the construction and DIY sectors.

The plant hire sector includes the hire of plant and equipment with or without operators. The plant and equipment in this sector of the market includes:

  • heavy earthmoving equipment, including large off-road vehicles, such as excavators and dump trucks, used in major civil engineering projects and open cast mining
  • medium-sized earthmoving equipment, including construction vehicles, mainly used in civil engineering contracts, such as dumper trucks, bulldozers, scrapers, rollers, excavators and mobile cranes
  • specialist plant mainly used in major civil engineering projects, including ore crushers, sand and gravel silos as well as static cement mixers and pumps
  • general plant, including fork lift trucks, diggers, large generators, compressors and compressed air tools, small dump trucks and floodlighting. This type of plant is mainly utilised in general building work, house building and industrial building
  • static cranes, including tower cranes used in major building projects. These are usually hired with a qualified operator for long term periods
  • powered access platforms, including hydraulic or electric power platforms used in industrial and civil engineering projects and maintenance
  • plant and equipment for specific sectors, such as airport and rail maintenance or oil and gas exploration
  • agricultural machinery, including harvesting and sorting machinery as well as machinery for forestry and logging. In the agricultural machinery sector, equipment such as tractors tend to be owned outright by farmers, as these are required for continuous use, while machinery such as harvesters, balers and sorters are only used for a short period each year and are therefore often more economic to hire rather than buy
  • temporary accommodation, such as mobile toilets, fencing and tool sheds
  • conventional scaffolding, often provided by specialist firms, which also provide the assembly and dismantling of the scaffolding, particularly in major projects. A typical hire period for conventional scaffolding is believed to range from one week to one month
  • access platforms, including non-powered self-assembly towers and platforms
  • skips and demolition equipment, such as rubbish chutes and mini conveyors often used in projects involved with building refurbishment.

The tool hire sector includes the hire of smaller plant and equipment, usually without an operator. The average hire period in this sector is typically less than a week. The following equipment is included in this sector:

  • power tools, including belt sanders, paving cutters, heavy duty angle grinders and chain saws. These are hired by large scale operators involved in major civil engineering projects, as well as private firms and DIY enthusiasts
  • lifting and movement equipment, such as pallet trucks, scissor lift platforms, chain blocks, hoists and stair climbers. These are often hired for one off use for moving large objects
  • mini plant, including bobcats, narrow excavators, machinery for ground preparation, portable generators, concrete and cement mixers as well as mobile heating units. This type of equipment is generally hired by private building operators rather than major civil engineering companies
  • traffic control systems, including mobile traffic lights, road markers, barriers and cones, generally used by small road maintenance contractors.
Liqueurs - UK - January 2012

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Table of contents

  1. Executive Summary

    • The market
      • Growth resuming pace in 2013 but cash flow and margin pressures remain
        • Figure 1: UK market for plant and tool hire, 2010-13
      • Tool hire sector increases market share ahead of plant hire
        • Figure 2: Segmentation of UK market for plant and tool hire, 2008-12
      • Housing construction to buoy market in coming years
        • Figure 3: Forecast UK market for plant and tool hire, 2014-17
      • Market factors
        • Market penetration in UK declined
          • Figure 4: UK equipment rental penetration of construction industry, 2008-13
        • Plant rates stabilise after a substantial fall
          • Figure 5: Construction plant hire price index, 2008-13
        • Investment allowance extended for limited window
          • Companies
            • Speedy Hire in the mire as financial black hole exposed
              • Does major investment and expansion in 2013 indicate a revival of Hewden’s fortunes?
                • What we think
                • Introduction

                  • Definitions
                    • Methodology
                      • Abbreviations
                        • Market positioning
                          • The customer
                            • The supplier
                              • UK economy
                                • Overview
                                  • Inflation
                                    • Interest rates
                                      • Consumer spending
                                        • House prices
                                          • Manufacturing
                                            • Business Investment
                                              • Imports
                                                • Exports
                                                  • Market factors
                                                    • End-use markets
                                                      • Changes in legislation
                                                        • Economic variables and investment
                                                        • Market Size and Trends

                                                          • Chapter summary
                                                            • Market size
                                                                • Figure 6: UK market for plant and tool hire, 2008-12
                                                              • Recovery underway as hire firms look forward
                                                                • Market segmentation
                                                                  • Figure 7: Segmentation of the UK market for plant and tool hire, by sector, 2008-12
                                                                • Tool hire sector gains ground through downturn
                                                                  • Market trends
                                                                    • Incentive to invest with temporary rise in annual investment allowance until 2015
                                                                      • UK construction market penetration levels falling
                                                                        • Figure 8: UK equipment rental penetration of construction industry, 2008-13
                                                                      • Declining risk of plant theft
                                                                        • Figure 9: Incidence of plant theft, 2009-12
                                                                      • Rising fuel costs impact hiring firms
                                                                        • Figure 10: Typical retail cost of fuel in the UK, 2000-13
                                                                      • Plant hire prices steady since the outset of 2012
                                                                        • Figure 11: Construction plant hire price index, 2008-13
                                                                      • Crane and powered access rates
                                                                        • Figure 12: Average daily crane rental rates, 2008-12
                                                                        • Figure 13: Average weekly rental rates - powered access platforms, 2009-12
                                                                      • Seasonal variations in demand
                                                                          • Figure 14: Seasonality of civil engineering, 2008-12
                                                                        • Regional variations in demand
                                                                          • Figure 15: Regional value of total new construction output, 2008-12
                                                                          • Figure 16: Analysis of civil engineering output, by region, 2008-12
                                                                      • Industry Structure

                                                                        • Chapter summary
                                                                          • Industry development
                                                                            • Figure 17: Analysis of the changes in the structure of the agricultural plant hire sector, 2008-12
                                                                            • Figure 18: Analysis of the changes in the structure of the renting of construction and civil engineering machinery and equipment sector, 2008-12
                                                                          • Structure by employment
                                                                            • Figure 19: Analysis of the employment structure of the agricultural plant hire sector, 2011-12
                                                                            • Figure 20: Analysis of the employment structure of the renting of construction and civil engineering machinery and equipment sector, 2011 and 2012
                                                                          • Structure by turnover
                                                                            • Figure 21: Analysis of the financial structure of the agricultural plant hire sector, 2011 and 2012
                                                                            • Figure 22: Analysis of the financial structure of the renting of construction and civil engineering machinery and equipment sector, 2011 and 2012
                                                                          • Company profiles
                                                                            • Ashtead Group
                                                                                • Figure 23: Financial analysis of Ashtead Group, 2009-13
                                                                                • Figure 24: Ashtead Group turnover, by business segment, 2009-13
                                                                              • Briggs Equipment/Barloworld Fleet Rentals
                                                                                • Figure 25: Financial analysis of Briggs Equipment UK, 2008-12
                                                                              • Barloworld Fleet Rentals
                                                                                • Figure 26: Financial analysis of Barloworld Fleet Rentals, 2008-12
                                                                              • Carillion Asset Management
                                                                                  • Figure 27: Financial analysis of Carillion Asset Management, 2008-12
                                                                                • Finning (UK)
                                                                                    • Figure 28: Financial analysis of Finning (UK), 2008-12
                                                                                  • GAP Group
                                                                                      • Figure 29: Financial analysis of GAP Group, 2009-13
                                                                                    • Hewden
                                                                                        • Figure 30: Financial analysis of Hewden, 2008-12
                                                                                      • HSS Hire Service Group
                                                                                          • Figure 31: Financial analysis of HSS Hire Service Group, 2008-12
                                                                                        • Selwood Group
                                                                                            • Figure 32: Financial analysis of Selwood, 2008-12
                                                                                          • Speedy Hire
                                                                                              • Figure 33: Financial analysis of Speedy Hire, 2009-13
                                                                                            • VP
                                                                                                • Figure 34: Financial analysis of VP, 2009-13
                                                                                            • Demand Structure

                                                                                              • Chapter summary
                                                                                                • Plant and tool hire demand markets
                                                                                                  • Civil engineering
                                                                                                    • Figure 35: Civil engineering construction output in Great Britain, 2008-12
                                                                                                  • Rail market
                                                                                                    • Figure 36: Government railway funding, by type, 2008/09-2012/13
                                                                                                    • Figure 37: Private investment in railways, by type, 2008/09-2012/13
                                                                                                    • Figure 38: Rail infrastructure in Great Britain, 2008/09-2012/13
                                                                                                    • Figure 39: Rail industry infrastructure activity, 2007-12
                                                                                                  • Building and construction
                                                                                                    • Figure 40: Analysis of construction output in Great Britain, by type, 2008-12
                                                                                                  • House building
                                                                                                    • Private sector development stalled in 2012
                                                                                                      • Figure 41: Analysis of private housing construction output in Great Britain, 2008-12
                                                                                                      • Figure 42: Private new housing starts and completions in the UK, 2008-12
                                                                                                    • Affordable housing targets remain at low levels
                                                                                                        • Figure 43: Analysis of new public housing construction output in Great Britain, 2008-12
                                                                                                        • Figure 44: Public housing starts and completions in the UK, 2008-12
                                                                                                      • Industrial building
                                                                                                        • Figure 45: Analysis of private industrial construction output in Great Britain, 2008-12
                                                                                                        • Figure 46: Analysis of private industrial new construction work in Great Britain, by sector, 2008-12
                                                                                                      • DIY
                                                                                                        • Figure 47: DIY retail sales in the UK, 2008-12
                                                                                                    • Forecast

                                                                                                      • Chapter summary
                                                                                                        • End-use markets
                                                                                                          • Civil engineering output projected to expand apace
                                                                                                            • Figure 48: Forecast civil engineering construction output in Great Britain, 2013-17
                                                                                                          • Public sector spending cuts put pressure on private sector construction to deliver growth
                                                                                                              • Figure 49: Forecast construction output in Great Britain, 2013-17
                                                                                                            • Substantial growth in factories and warehouses to drive private industrial construction
                                                                                                              • Figure 50: Forecast private industrial construction output in Great Britain, 2013-17
                                                                                                              • Figure 51: Forecast of private industrial new construction work in Great Britain, by sector, 2013-17
                                                                                                            • Slow commercial sector growth to hold back construction output
                                                                                                                • Figure 52: Forecast private commercial construction output in Great Britain, 2013-17
                                                                                                                • Figure 53: Forecast of private commercial construction in Great Britain, by sector, 2013-17
                                                                                                              • New funding released to stimulate private housing construction
                                                                                                                  • Figure 54: Forecast private housing output in Great Britain, 2013-17
                                                                                                                • More modest targets for affordable housing construction
                                                                                                                  • Figure 55: Forecast public housing output in Great Britain, 2013-17
                                                                                                                • Reductions expected in public-funded infrastructure projects
                                                                                                                  • Figure 56: Departmental expenditure of capital spending by the private sector on signed projects under PFI, 2011/12 and 2012/13
                                                                                                                  • Figure 57: Forecast public non-residential construction output in Great Britain, 2013-17
                                                                                                                  • Figure 58: Forecast of public non-residential construction in Great Britain, by type, 2013-17
                                                                                                                • Modest growth projected for repair and maintenance output
                                                                                                                  • Figure 59: Forecast repair and maintenance construction output in Great Britain, 2013-17
                                                                                                                  • Figure 60: Forecast repair and maintenance construction output in Great Britain, by type, 2013-17
                                                                                                                • Market size
                                                                                                                    • Figure 61: Forecast UK market for plant and tool hire, 2013-17
                                                                                                                  • Market segmentation
                                                                                                                    • Figure 62: Forecast segmentation of the UK market for plant and tool hire, by sector, 2013-17
                                                                                                                  • Industry
                                                                                                                    • Industry consolidation unlikely to extend significantly further
                                                                                                                      • Depot expansion plans
                                                                                                                      • Further Sources and Contacts

                                                                                                                        • Trade associations
                                                                                                                          • Trade magazines

                                                                                                                          Companies Covered

                                                                                                                          To learn more about the companies covered in this report please contact us.

                                                                                                                          Plant and Tool Hire (Industrial Report) - UK - December 2013

                                                                                                                          £995.00 (Excl.Tax)