Industry Analysis & Industry Trends
This industry rents out construction equipment (mainly cranes) with operators to clients in the downstream construction markets, and to other users for other industrial and agricultural applications (e.g. relocation of structures and machinery). There is a heavy reliance on demand from the construction markets, and therefore the industry's performance over recent years has been negatively affected by the recession-induced decline of investment into the housing and non-residential building markets.
The Construction Equipment Rental industry is expected to generate revenue of £1.94 billion in 2012-13, down 1.5% on the previous year, and industry value added is estimated to total about £1.07 billion, representing 0.07% of UK GDP... purchase to read more
Industry Report - Industry Locations Chapter
The industry's geographic spread roughly corresponds with the national distribution of economic activity, population and construction activity.
London is home to a relatively low 10.4% of the industry's firms, falling short of the region's share of UK population (12.4%) and about half the region's share of gross value added (21.0%). The region is partly serviced by larger-scale crane operating firms that locate in adjacent regions where land costs are lower for equipment storage and servicing (e.g. South East, East Anglia or South West)... purchase to read more