Powered Access Equipment Hire Market - 5 Key Facts

• The Powered Access Equipment Hire market is expected to grow by 6% between 2017 and 2020. 
• The hire market is a particularly important part of the supply chain for MEWPs in the UK, representing around 80% of manufacturers’ sales.
• Scissor lifts and boom lifts dominate hire fleets in 2016, accounting for a share of 47% and 29% respectively in terms of the volume of equipment hired.
• Boom lifts account for nearly half (48%) the total value of the UK powered access hire market.
• It is estimated that 70-75% of hire market revenue is accounted for by specialist companies.

These facts have been extracted from AMA Research's 'Powered Access Equipment Hire Market Report - UK 2017-2021 Analysis' available for purchase now. 

UK Construction Equipment Rental market set to exceed pre-recession value by 2019

The UK’s construction equipment rental market is forecast to be worth over £4.7bn in 2019, exceeding its peak value reached in 2007. Growth in this market has been continuous since 2011, at a level of 3-4% per year. The primary driver for growth is the performance of particular end-use sectors, with hire of planers, pavers and rollers depending on the level of highway repair activity, and forklift hire on the level of distribution & warehouse activity, while the weather can have an impact on the level of hire of pumping and climate control equipment, for example.

Although growth has tended to remain steady, the market performed particularly strongly in 2014 when it increased by around 8%, driven by a higher demand in housebuilding, among other factors. Overall infrastructure remains the key end-use sector, although certain parts of the infrastructure sector have performed differently in recent years; the rail sector, for example, has been declining in recent years, whilst the utilities sector – in particular electricity - has performed well. Other key end-use sectors include housebuilding, offices, education and industrial, while major non-construction sectors include manufacturing, waste management and events.

In terms of equipment categories, earth moving equipment represents the largest sector, accounting for around 22% of equipment hire value. Other key sectors include lifting, access equipment, skips & rubbish chutes, portable buildings & environmental control and hand & power tools.

The construction equipment rental market is highly competitive, which can impact hire rates. The upturn in demand in 2013 and 2014 in particular saw some hirers start to increase rates, however, the trading conditions in 2015/16 have seen prices become more stable. The market is relatively fragmented, reflecting the high number of specialist operators with different competitors in different hire product sectors, though this fragmentation is set to reduce going forward, with acquisition activity increasing.

The level of hire is also dependent on companies opting to hire rather than buy. Many companies choose to hire plant and tools, generally to avoid risks such as capital investment risks, operating risks and legislative/compliance risks, but hiring construction equipment also provides other benefits, such as use of the latest machinery, which can lead to improved productivity levels and higher standards. Additionally, machinery repair and maintenance costs are borne by the hire company and not the owner/contractor.

Trends within the construction industry are likely to impact on different sectors of the hire market. One trend likely to benefit the market is the expected switch back in favour of flats rather than houses, which is likely to benefit some hire sectors such as some primary construction equipment needed for the construction of multi-story apartments. However, the underlying long-term growth in off-site manufacturing (OSM) will tend to erode on-site hire requirements. Additional hire demand will be achieved from non-construction sectors such as manufacturing, events and recycling/waste management.

“From 2018 onwards, construction sub-sectors forecast to increase output include infrastructure, entertainment & leisure, industrial and health, as well as housebuilding, while sectors such as education, offices and retail are not forecast to experience growth in the short term” said Keith Taylor, Director of AMA Research. “The biggest risk factor in the forecast will be the effect of the ‘Brexit’ negotiations on the levels of business confidence and investment, which in turn will impact on the construction industry.”

The ‘Construction Equipment Rental Market Report – UK 2017-2021 Analysis’ report is published by AMA Research, a leading provider of market research and consultancy services with over 25 years’ experience in 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 235724.

Modest growth forecast for UK Powered Access Equipment Hire

The UK powered access equipment hire market - which consists of a range of mobile elevating work platforms (MEWPs) including scissor, boom and spider lifts, vertical masts and vehicle and trailer mounted lifts - saw an increase of 2% in 2016 in value terms, with a further 2% average annual growth forecast for the next 5 years. The powered access hire market is influenced by the health of key end-use sectors, principally new build construction and infrastructure, but also other sectors such as manufacturing, warehousing and the events industry.

Whilst the hire of powered access equipment forms part of the wider plant and tool hire market, it is dominated by specialist access equipment hire companies, who make up a majority share of the total hire market revenue in the UK, with only 25 – 30% being accounted for by more generalist plant and tool hire companies.

Between 2012 and 2016, the UK powered access equipment hire market saw reasonable growth, sustained by the buoyancy of the construction market and by the recovery in manufacturing industry, and the market also benefitted from growth in other sectors including warehousing, telecoms and events. However, growth has been inhibited by a persistent tendency for oversupply, with new companies entering the market and existing companies expanding their fleets, leading to downward pressure on rental rates. 

While scissor lifts dominate the hire market in volume terms, representing nearly half of the total fleet, boom lifts are clearly the largest product segment by value. The mix of product types in the powered access hire market has changed somewhat in recent years with demand for low level access products, including small scissor lifts and vertical masts, growing more strongly than medium height access products, driven by the shift from non-powered to powered access in this segment of the market. The market has also seen a significant expansion in the number of spider lifts in the UK fleet.

Hayley Thornley, Market Research Manager at AMA Research said: “Legislation is an important driver of fleet renewal, and the current legislation changes in the area of engine emissions is leading to an increased focus on electric and hybrid-powered equipment among powered access equipment hire companies. Recent product developments that have added value to the powered access equipment hire market have been centered around the area of telematics, in order to improve safety and to improve equipment efficiency.”

There has been some consolidation in the industry in the last few years as leading companies have sought to strengthen their market penetration through acquisition, and the market has also seen the loss of Hewden, a major player in the hire market. The powered access hire market now has a relatively high level of concentration, with the top 3 companies accounting for around a third of the overall market. 

Prospects for the construction industry, which remains the key influence on the powered access equipment hire market, is for low level growth in the medium term, and a similar trend is forecast for the powered access equipment hire market, which is expected to see growth of 1-3% per annum until 2021. Infrastructure construction is likely to be a key driver of demand, with the government being committed to over £100 billion worth of investment under its National Infrastructure Delivery Plan.

However, prospects for private commercial and industrial construction are less positive and vulnerable to economic uncertainties. The Brexit decision has already led to a market decline in the value of sterling which, as most powered access equipment is manufactured outside the UK, is leading to higher new equipment costs in the short term. Given the continuing issue of oversupply and depressed rental rates, hire companies may find it difficult to pass these higher costs on to customers.

The ‘Powered Access Equipment Market Report – UK 2017-2021 Analysis’ report is published by AMA Research, a leading provider of market research and consultancy services with over 25 years’ experience in 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 235724.

Tool Distribution Market - UK 2017-2021 - 5 Key Facts

• Smart heating controls and linked devices account for 36% of the market. This has increased significantly in recent years.

• The forecast growth of “the Internet of Things” –IoT- (‘smart’ household gadgets) is likely to result in increased connectivity within home networks.

• The evolution of voice control devices is likely to drive more interest in home automation.

• The market is highly fragmented with 10 suppliers accounting for around 50% of the market.

• The tools market is relatively evenly split between power and hand tools, with power tools accounting for an estimated 50-55% share of the market and hand tools for around 45-50% share. 

These facts have been extracted from AMA Research's report 'Tool Distribution Market Report - UK 2017-2021 Analysis', available from www.amaresearch.co.uk or by calling 01242 235724.

UK Tool Distribution market forecast to be worth £1.2bn in 2018

The overall UK tool distribution market increased in 2016 and is expected to reach a value of £1.2bn by 2018. Higher levels of construction, house building and RMI work - along with product innovation - supported value growth of up to 7% per year until 2014. The positive trends have continued throughout 2015 and the first half of 2016, with growth supported by a good economic performance and higher levels of construction leading to market growth of 3-4% per annum, in value terms.

Overall, the distribution of tools used in construction, RMI and gardening is highly complex and fragmented due to the number and ranges of products offered to a range of end-use sectors and contractors. Tool distribution comprises a mix of large national players competing with many regional and local companies, in both trade and consumer channels. Home improvement multiples are important players in the distribution market, as are the industrial product distributors.

Recently, however, buying behaviour has been influenced by digital technology and operating a transactional website has become increasingly important, with the internet emerging as a key channel in its own right. Home improvement multiples have responded to changing customer needs faster than some others, and are aiming for an omni-channel approach to selling including brick-and-mortar, mobile and internet, catalogues, click & collect etc.

Market performance is influenced by tool replacement cycles and activity levels in new build and RMI as well as a range of industry specific influences such as product development and legislation. Also assisting growth in recent years has been the trend away from do-it-yourself (DIY) to get-someone-in (GSI), as professional tradesmen tend to purchase higher value and quality tools, and also tend to replace tools more frequently.

Hand tools is a mature, steady sector with little significant step change in product development. In contrast, power tools have significantly benefited from new products and product innovations, such as cordless technology, lithium-ion batteries and brushless motors, all driving sales. Demand for power tools has meant that manufacturers have focused on producing a wider range of tools suitable for all budgets and capabilities. This wider choice of products has seen distributors’ stock levels increase in recent years.

Hayley Thornley, market research manager at AMA Research said: “Prospects for the overall market are generally positive, with moderate growth expected in the domestic sector and also across some non-domestic construction sectors. Steady demand in the garden tool sector is also expected to underpin the market. We estimate that the UK tool distribution market will continue to grow by around 3% per annum to 2021.”

While forecasts for the construction and RMI sectors to 2021 are for lower levels of activity, prospects for infrastructure, education, entertainment and housing are reasonably positive and should provide opportunities in both the professional and DIY tool sectors. Longer term growth potential in the timber frame housing market should benefit the cutting, woodworking and carpentry tool sectors. Product development is also expected to continue.

The ‘Tool Distribution Market Report – UK 2017-2021 Analysis’ report is published by AMA Research, a leading provider of market research and consultancy services with over 25 years’ experience 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 235724.

Competitive UK generator hire market continues to grow in 2016

AMA Research have published a new report on the UK Generator Hire market, reviewing market size, product and application trends, forecasts and supply structure in the diesel generator hire sector. Hiring of generators and support services is a substantial market and has experienced particularly good growth since 2012. In 2015, it is estimated that the market grew by around 7% in value terms, with a further 4% growth forecast in 2016.

The hire of generators is well-established in the UK and reflects the need for temporary, emergency or back-up power in a wide range of applications. Given this diversity of applications, the performance of the UK economy has a direct impact on the level of generator hire demand, reflecting trends in both construction and non-construction activity.

Demand tends to be relatively closely aligned to GDP, with short term fluctuations influenced by construction downturns and recovery, while other key factors impacting on demand include emergencies - in particular flooding in recent years - and major events, such as the Olympics, Glastonbury etc. In addition, rising power demand is a key driver in several major sectors, such as events and industrial, with more ‘critical’ applications also requiring more back-up support.

By volume, generators with a rating up to 20 kVA account for around a third of the market, with the 21-350kVA category accounting for a larger share. The latter are typically used in construction and events, as well as small offices, industrial units or hospital departments etc. Construction accounts for the largest ‘end-user’ share followed by the industrial sector, with infrastructure and events also important sectors for generator hire.

Within the overall generator hire market, ancillary products represent a significant value added element to the overall contract value, though requirements for ancillary products/services vary considerably depending on the location, application, additional elements required, generator size etc.

“The market has continued to grow in 2016 but, following the Brexit decision in June, growth rates are more cautious but underlying prospects remain strong” said Andrew Hartley, Director of AMA Research. “However, the underlying trend remains positive and there is substantial optimism in late-2016 within the generator hire sector for steady growth of around 4-5% which is expected to continue going forward.”

Contributing factors to steady growth include a combination of generally rising levels of electricity consumption, concerns over grid capacity and reliability, more infrastructure projects and developments in remote locations, such as wind farms and nuclear energy, while the growing events sector provides good opportunities for temporary power hire.

The ‘Generator Hire Market Report – UK 2016-2020 Analysis’ report is published by AMA Research, a leading provider of market research and consultancy services with over 25 years’ experience 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 235724.

Annual growth rates of 4-5% forecast in the UK Dehumidifiers market

The overall UK market for dehumidifiers experienced strong growth in 2014 at 9%, following a number of years of modest growth rates of between 1-3%. The positive trend continued in 2015, although a slowdown in construction in the latter half of the year is thought to have had a negative impact, resulting in estimated growth of around 3% in 2015. Key market influences include a more buoyant economy, growth in the industrial sector and higher levels of construction in the domestic and commercial sectors.

The domestic sector accounted for just over 40% of the market by value in 2015, though in volume terms this share would be significantly higher. This sector has experienced good growth in recent years supported by RMI and rising levels of housebuilding. In addition, the extensive flooding and prolonged wet weather in 2014 that affected some areas of the UK supported demand for dehumidifiers. 

Other drivers in the domestic sector include; a higher level of product awareness; increased awareness of condensation problems; greater marketing activity by manufacturers; wider availability of dehumidifiers; and increasing price competition supported by the growth of lower value imported products.

The performance of the non-domestic sector has been mixed in recent years, largely due to the varied performance of different end-use sectors. Key drivers for growth include rising demand and investment in, among others, several industrial sectors including the food processing and manufacturing sector, pharmaceuticals, electronics and automotive. A higher level of building and construction activity is also supporting the dehumidifier market, particularly building dryers to the hire sector and direct to building contractors. Other sectors include growing demand for warehousing and storage facilities, largely driven by online purchasing. This often involves electronic products or similar, where the use of dehumidification is vital to ensure the quality of the product. This is also an important factor in other sensitive ‘electronic’ environments such as data centres.

In general, the positive trend in the dehumidifier market is expected to continue in the medium term, with the market forecast to see annual growth of 4-5% between 2016 and 2019. However, a prominent feature in the dehumidifier market in recent years has been the high level of price competition, driven by the introduction of many foreign and ‘own-brand’ products, particularly in the domestic sector, and this is likely to continue to affect the market negatively.

The UK domestic dehumidifier sector has been subject to a number of changes in recent years, with many new companies entering the market as well as withdrawing from it. Other trends include distributors and retailers offering ‘own brand’ products, which has increased the level of price competition in the sector. There is some overlap in the non-domestic sector with heating, air conditioning, ventilation suppliers also offering dehumidifiers. It seems likely that the supply structure will become increasingly blurred, with companies offering products that provide greater integration across the air handling/air quality industry.

“In product terms, it seems likely that there will continue to be a shift to greater integration of products offering air handling and air control features” commented Hayley Thornley, Research Manager at AMA Research. “The focus on energy efficiency is likely to support the growth of multi-functional products offering air conditioning and dehumidification. In the commercial sector, there is already a trend to install ‘air control’ products which offer both, and in the leisure sector this has been the case for some time.”  

Additional factors that are likely to support future growth include; a general improvement in the economic environment and consumer confidence, increasing consumer awareness of the problems associated with excess humidity, wider distribution of products and availability of dehumidifiers via supermarkets and department stores and the growing popularity of online retailing, particularly in the electrical appliance sector. Additional shower installations in homes and ensuite bathrooms may also support demand for dehumidifiers, along with the growth in the use of power showers and more regular use of showers in general. Niche sectors such as saunas, steam and cabin showers may also provide some opportunities, particularly those increasingly installed in luxury bathrooms in upmarket homes.

The ‘Dehumidifiers Market Report – UK 2015-2019 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 235724.

Strong growth in the UK Construction Equipment Rental market

UK construction equipment rental market saw a significant increase of around 9% in 2014 compared to the previous year. Hire rates had fallen at the start of the downturn, but an improvement in market conditions have allowed rates to rise in recent years, although some sectors, such as cranes, have only really seen a noticeable improvement in 2014. The market value remains lower than at its peak in 2007, but is currently estimated at around £4bn, based on AMA’s market definition.

Despite some consolidation in recent years, the UK construction equipment rental industry remains extremely competitive with players ranging 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, with some companies more reliant on construction, whereas other companies have developed more diverse markets, such as manufacturing, recycling and events.

In terms of product sectors, earth moving equipment represents the largest sector, accounting for over 20% of hire value. Other key sectors include lifting, skips & rubbish chutes, access equipment, portable buildings & environmental control and hand & power tools. This is a relatively fragmented market, reflecting the high number of specialist operators with different competitors in different hire product sectors. As indicated above, the market continues to consolidate, with the top 4 companies accounting for around 30% of the market, supported by a range of specialists in key sectors as reviewed in AMA’s report.

The overall market was relatively flat and only experienced modest growth for the period 2010-2013, but market value increased significantly in 2014 due to improvements in both housing and non-domestic building markets as well as manufacturing and other non-construction end-use sectors.

Infrastructure has provided significant hire demand including rail projects such as Crossrail, road repairs & maintenance, and utilities work, and other key end-use sectors include housebuilding, offices, industrial and non-construction sectors, such as manufacturing, waste management and events. While the manufacturing sector has been volatile in recent years, other sectors, such as transport, have recorded a more robust performance – while waste management and events offer good opportunities for equipment hirers.

Current prospects for the construction equipment rental market into the medium-term remain cautiously optimistic with the market forecast to grow to around £5bn by 2019. Future growth rates are heavily dependent upon the underlying performance in key application areas – mainly construction and infrastructure - while high levels of competition impact negatively on hire rates in some sectors. The hire versus buy issue will continue to impact on the equipment rental sector and it is possible that some contractors will switch back to buying equipment, rather than hiring, in the future.

“Trends within the construction industry will impact on different sectors of the hire market. For example, the underlying long term growth in off-site manufacturing, will tend to erode on-site hire requirements” said Andrew Hartley, Director of AMA Research. “However, the sector has experienced a good recovery in the last 2 years, and prospects remain optimistic as the economy continues to recover”.

The ‘Construction Equipment Rental Market Report – UK 2015-2019 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 235724.

UK market for Catering Equipment increased by 4% in 2014

In 2014, the non-domestic catering equipment market was estimated to be worth over £750m, representing a growth of around 4% on 2013. The market is considered to be mature across all sectors. As a result, there is limited potential for growth through increased penetration, making the market subject to performance of the overall economy and food industry.

UK household expenditure on catering services, including drink, in 2013 was nearly £84bn, which indicates the potential scale of demand for catering equipment. The catering market struggled during the early part of the recession, but has experienced a rising trend in expenditure since 2010 and has proved to be a successful sector, outperforming most other areas of consumer spending over the last 5 years.

The main factor supporting growth of the catering equipment market since 2010 has been the overall improvement in the economy and the strong resilience of the restaurant sector. Innovative concepts and new restaurant brands, along with an improvement in household spending on eating out, has helped grow the catering sector - and therefore demand for catering equipment.

Other factors supporting market growth include product development creating added value features; higher hygiene standards; the requirement for smaller and more environmentally friendly, sustainable products in response to tightening legislation; and the development of restaurant and hotel chains.

Whilst the government remains committed to public sector cutbacks affecting some demand, the budgets for the NHS remain secure along with educational catering, which has been singled out and budgeted for future growth in catering needs including the extension of free school meals.

Cooking equipment is the largest sector and accounts for over 50% of market value. Refrigeration accounts for around a quarter, with steel fabrication, warewashing and other products making up the remaining market value. The leading end user is the hospitality sector, with restaurants, cafes and bars accounting for around 54% of the market. The remainder is accounted for by health and education, with a reasonable share, hotels, and other sectors such as offices, leisure and retail.

Products are largely distributed through specialist distributors and designers and installers, although there is some direct delivery, particularly as the internet becomes more widely used. Direct delivery is more prevalent in the steel fabrication side, where bespoke solutions dominate.

The outlook for the catering equipment market is good, providing the UK economy continues to strengthen and the hospitality industry continues to grow, with the restaurant sector a key factor influencing growth in catering equipment demand.

“The government has committed to reducing the level of public sector debt, resulting in reduced levels of expenditure across many government departments, and this will continue to depress demand for catering equipment within government departments” said Andrew Hartley, Director of AMA Research. “But other sectors continue to show ongoing sustained budgets, for example in healthcare with education receiving an extra boost of over £1 billion in funding in 2014-15 for the free school meals programme.”

More information can be found on: www.amaresearch.co.uk/catering_equipment_15.html

The ‘Non-Domestic Catering Equipment Market Report – UK 2015-2019 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 235724.

Strong demand for powered access equipment in the UK market

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 sector.

Key non-domestic 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.

“Product growth 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 factors.”

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.

The ‘Access 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 235724.

Event Equipment Hire market to grow by 23% over the next 5 years

The UK market for event equipment hire is estimated to be worth some £560m in 2013, according to a new report by AMA Research. Good weather in 2013, particularly over the key months of the year, benefited the events sector and consequently the event hire sector.

The UK has a well-developed infrastructure of event destinations, venues and service suppliers, and the market does not appear to have been impacted by the economic downturn to the same extent as many other product and service sectors, though corporate events have seen a decline.

The market was boosted significantly in 2012 due to the Queen’s Diamond Jubilee and the London 2012 Olympic Games and related events. While good weather provided a boost to the market in 2013, some post-Olympic readjustment meant that the market size fell marginally during the year compared to the peak in 2012. However, underlying growth remains strong with prospects for 2014 positive, given the reasonable weather.

It is estimated that the exhibitions & trade show sector accounts for the largest share of the event market at more than 50%. Other key sectors include sports, music, festivals & cultural events, corporate hospitability and ‘other events’ such as charity events and hobby festivals. The largest equipment hire sectors are estimated to be staging, structures & seating, and portable buildings & sanitation, which have a combined share of 50-60% of the market.

Other important hire sectors are power generation & climate control, audio-visual & lighting, signage, traffic & crowd control, security & portable access, interiors and access equipment & other plant. The sector has seen some changes in recent years as event organisers improve standards of safety, comfort and sanitation, as well as investing in better AV equipment to enhance the visitor experience – all factors driving growth in equipment hire.

“2014 has been positive for the event hire sector and the market is forecast to grow steadily to 2018. Up-coming sporting events across the period, as well as a wide range of music concerts & festivals, exhibitions & trade shows and corporate events, are expected to boost the equipment hire market to over £600m by the end of the forecast period.” said Andrew Hartley, Director of AMA Research. “While adverse weather can impact negatively on the market, developments in the climate control and structures product sectors have led to outdoor events being less dependent on the prevailing weather.”

The ‘Event Equipment Hire Market Report - 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 235724.