The access equipment market, which consists of both powered and non-powered products, was worth an estimated £280m in 2014.
Following a difficult period, an improvement in the
powered access equipment sector saw the access equipment market return to
growth in 2012. This improvement reflected the resumption of fleet building,
fleet refreshment programmes and re-equipping in the rental sector to replace
fleet disposals during the construction downturn.
By contrast, the non-powered sector has remained
relatively flat over the past few years, though it is thought to have seen
reasonable growth in 2014. Following on from growth seen in 2013/14, improving
trading conditions are expected to see the overall market grow by around 7% in
2015, primarily due to the strong performance in the powered access equipment
construction sectors providing good opportunities include infrastructure,
offices and industrial construction, while rental demand in non-construction
markets, such as event management and manufacturing RMI, have also been
relatively buoyant. In overall terms, the rental sector is the key sector for
access equipment, particularly in sub-sectors such as access towers and MEWPs,
and this has been particularly relevant in recent years as hire companies
replenished their stocks following disposal of equipment at the start of the
economic and construction downturn.
Overall, powered and specialist equipment is estimated to
account for over 55% of the market in 2014, with non-powered access equipment
accounting for the remaining share.
areas, as seen with the push arounds recently, will positively impact on the
market - for instance there is a trend towards tracked spiders, booms and
platforms at present”
said Andrew Hartley, Director of AMA Research. “Steady growth in construction output, coupled with any future health
and safety legislation will also have positive implications for the market - as
will price rises, which may occur as a result of raw material prices or other
The overall market outlook to 2018 is positive, based on increased
confidence in the recovery of the UK economy and more importantly that it will
be sustained. The access equipment market is forecast to grow by around 20% in
the 2015-18 period, with powered equipment accounting for the majority share.
Equipment Market Report –UK 2014-2018 Analysis’ report is published by AMA
Research, a leading provider of market research and consultancy services within
the construction and home improvement markets. The report is available now and
can be ordered online at www.amaresearch.co.uk or by calling 01242