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UK Tool Hire Market Rank & Profile Report - UK 2009-2013 Quantitative Research Counts...Take a Fresh Look
MTW Research have published a brand new “Tool Hire Market Rank & Profile” Report for 2009, providing strategic market overview & trends, tool hire company rankings & sales and company profiles in a unique, comprehensive and cost effective publication. The report is now available to purchase by tool and equipment product manufacturers, suppliers and distributors seeking to develop sales and enhance their marketing strategies in the UK Tool Hire market in late 2009 and beyond. Based on company sales returns for more than 85% of the industry, this new report reviews market performance from 2004 to 2009 providing a review of key market trends in recent years, coupled with forecasts to 2013. The report also provides sales estimates for each company, alongside rankings and key performance indicators, providing an insightful review of the industry. Contact, telephone and mailing details are also provided, resulting in a comprehensive & effective sales and marketing tool which also offers excellent value for money. This report, part of MTW's Rank & Profile report range, provides a review of key industry trends since 2004 with forecasts to 2013, analyses changes in industry structure for the 12 months to October 2009, includes company rankings and company profiles with key financial indicators for the UK Tool Hire market, providing a comprehensive yet cost effective sales and marketing tool. The report enables suppliers to quickly identify and target those companies who are still performing well in the increasingly competitive Tool Hire market.
This quantitative, primary research report is based on company sales returns for more than 85% of the industry by value and is only available from MTW Research. As the report is based on quantitative statistics, the report is unique in that MTW are able to quote a confidence level of 99% (+/-7%) for the industry structure review. Published in October 2009, the report incorporates all the issues relating to the recent economic and domestic RMI slowdown, likely end of the recession in late 2009 / early 2010 and provides forecasts to 2013 in light of the current market trading conditions.
This 120+ Page Report Includes:-
The UK Tool Hire Market 2004-2013:-
Source: MTW's "Tool Hire Market Report - UK 2009" In 2009, the UK Tool Hire market is currently estimated to be worth around £1.5 billion, reflecting a relatively substantial decline in industry value over the last 12 months, albeit a somewhat smaller contraction than was feared during early 2009. In 2009, there are around 820 individual tool hire companies active in the UK, though the industry remains particularly consolidated in value terms with acquisitive trends in the industry continuing. This report reviews the performance of these companies, defined as ‘the tool hire market’, since 2004 and identifies likely future prospects to 2013 alongside company rankings and profiles. Following a period of healthy performance in recent years, the tool hire industry has experienced a more challenging environment over the last year, as construction output and demand from a number of key end use sectors slowed dramatically during late 2008 and into 2009. As we forecasted in our last report in 2008, the industry has taken dramatic steps over the last 12 months in terms of employee and depot divestment, in addition to a rapid decline in investment in new tools and equipment. However, as the end of 2009 approaches, indications are that the market has now stabilised, with a cessation in the decline of revenue and more positive signs of growth likely in the near term. Despite the announcement in late October 2009 that the UK remained in recession for Q3 2009, given a sustained return to growth in house prices and rising business confidence, the near term future for tool hire products and services is more positive according to trade sources, with demand being led by smaller scale construction, DIY and RMI activity in late 2009.
Key Benefits of the Report include:-
This unique report represents a comprehensive yet cost effective tool for understanding the current and future performance of the UK Tool Hire market. Based on primary financial data from over 85% of the industry & written specifically for Tool & Equipment manufacturers, suppliers and Tool Hire Companies, this independent market intelligence report represents an invaluable yet cost effective sales and marketing tool for any company active in, or selling to the UK Tool Hire Industry.
Key Features Of This 100+ Page Report Include:-
MARKET & INDUSTRY TRENDS 2004-2013 Trends in Tool Hire Market 2004-2013, including
RANKINGS The Tool Hire Companies…
PROFILES 1 Page Financial Profile for Tool Hire Companies, including…
Included as Part of the Tool Hire Market 'Ultimate Pack' Option:-
Comprehensive Tool Hire Market Data Spreadsheet & Multi-Use Mailing List Supplied with 'Ultimate Pack' includes…
Brief Report Synopsis:- In 2009, the UK Tool Hire market is currently estimated to be worth around £1.5 billion, reflecting a relatively substantial decline in industry value over the last 12 months, albeit a somewhat smaller fall than was feared during early 2009. The above companies are estimated to account for around 90% of the industry by value in 2009, with a combined revenue of just over £1.3 billion.
In 2009, there are around 820 individual tool hire companies active in the UK, though the industry remains particularly consolidated in value terms with acquisitive trends in the industry continuing. This report reviews the performance of these companies, defined as ‘the tool hire market’, since 2004 and identifies likely future prospects to 2013 alongside company rankings and profiles.
Following a period of healthy performance in recent years, the tool hire industry has experienced a more challenging environment over the last year, as construction output and demand from a number of key end use sectors slowed dramatically during late 2008 and into 2009. As we forecasted in our last report in 2008, the industry has taken dramatic steps over the last 12 months in terms of employee and depot divestment, in addition to a rapid decline in investment in new tools and equipment. However, as the end of 2009 approaches, indications are that the market has now stabilised, with a cessation in the decline of revenue and more positive signs of growth likely in the near term.
This quantitative report is based principally on company sales returns and balance sheets, supported where appropriate by additional primary research, secondary data and our own estimates based on background experience.
The market peaked in 2007, reflecting growth of just over 16% since 2004. This relatively healthy level of performance continued during the first half of 2008 with Tool Hire companies benefiting from buoyant RMI (repair maintenance & improvement) and construction activity. Annual growth for the industry is recorded as healthy between 2004 and Q3 2008, reflecting a generally buoyant sector with demand derived from a wide range of domestic and trade end users and end use markets.
During Q3 2008, however, the credit crunch and subsequent tightening of fiscal policies by the leading financial institutions led to a substantial and rapid withdrawal or scaling back of activity within the UK construction industry, by a large number of key contractors, as business confidence fell rapidly. During mid-late 2008, the housing market and subsequent house moving activity slowed substantially, leading to a growing trend of ‘mothballing’ of housebuilding sites and subsequently postponement or curtailment of larger domestic RMI (repair maintenance & improvement) projects. Further, a rapid and substantial decline in construction activity in key end use markets such as industrial, warehousing and commercial construction negatively impacted demand for tool hire.
Following the downturn in new housebuilding, industrial, warehousing and commercial construction activity during Q4 2008 and H1 2009, sources indicate that the tool hire market became increasingly dependent on the domestic and small-scale commercial refurbishment sector. Whilst there was some optimism from the market in late 2008 that householders were more likely to ‘improve not move’; with consumer confidence at a particularly low ebb at present, large-scale refurbishment activity has declined dramatically over the last 12 months. Given current predictions in terms of the overall economic health of the UK, a general flat trend is likely to continue for the remainder of 2009, particularly given the announcement in late October 2009 that the UK economy remained in recession during the third quarter of the year.
Nevertheless, despite the ongoing recession, the maintaining of the UK Bank of England base rate at 0.5% since March 2009 and the announcement that house prices increased by 0.8% in August and 0.9% in September 2009 is now providing some optimism for the market, with some economic commentators suggesting that slow recovery is now underway. However, how quickly and to what extent the quantitative easing and £175 billion asset purchase tactics employed by the Government will stimulate consumer and business confidence over the coming months remains to be seen. With banks seemingly still reluctant to pass on mortgage rate cuts or increase business lending substantially, the possibility of a ‘double-dip’ in the economy remains a concern.
The report provides a comprehensive review of the UK Tool Hire market and forecasts industry trends for 2009-2013 as Tool Hire companies and providing sales estimates enabling market share estimation. In addition, the report also profiles each company’s financial health and illustrating their key financial performance indicators through their ‘at a glance’ charts. The 'ultimate' report package also includes mailing, telephone and contact details for the key players in the market, providing comprehensive industry analysis and a useful sales & marketing tool.
Select an Option Below for More Information on this Report:-
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