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suppliers and to invest more in its business, products and people. The company is confidento f its abilityt o achieveg roMh, successa nd sustainablep rofitability. Page 28 Bibliography Key Note (2007\ Plant and Tool Hire market analysis. Hampton, Key Note Publications. Datamonito(r2 007)C onstructiona nd EngineeringE urope: industry profiles.L ondon, Datamonitor. MBD (2008)U K plant and tool hire marketd evelopment.M anchesterM, arket& BusinessD evelopment. Anon (2007) Speedy Hire Plc: annual report and accounts. StrattonC, . (2007)S ustainedm omentum. /n Anon QAAT)S peedy Hire Plc: annual report and accounts. StrattonC, . (2007)T ool hire outperformst he UK economy.ln Anon (2007)S peedy Hire Plc: annual report and accounts. Page 29 Appendix One - The UK Plant & Tool Hire Market Development 2008 1. By 2012,t he UK planta nd toolh irem arketi s anticipatedto reacht 5,861 million( at 2007 prices),e quivalento a realt erm increaseo f 17o/oco mparedw ith 2007. Demand in the planta nd tool hire marketi s expectedt o continuet o be drivenb y a positive developmenitn the constructionm arket,a lthoughs ome strongr egionalf luctuations are anticipatedF. or example,i n the SouthE astd emandf or planta nd tool hire is anticipatedto be boostedb y constructiona ctivitya ssociatedw ith the 2012 London Olympics. 2. The plant hire sector is expected to account for an increased 82% of the total plant and tool hire marketi n the UK by 2012.S alesa re projectedt o increasey ear on year with annualg rowthr ateso scillatingb etween3% and 5o/oin realt erms.B y 2012,s ales are anticipatedto reach t4,832 million( at2007 prices). 3. Unliket he planth ires ector,w hichi s almoste xclusivelyd ependenot n civil engineeringa nd constructioonu tput,d emandf or tool hirei s also influencedb y DIY activity,l evelso f housem ovinga ctivitya nd consumerc onfidenceA. s such Market and BusinessD evelopmen(tM BD) projectm oderatei ncreasesi n both 2008 and 2009.O veralla realt erm increaseo f 6% is anticipatedta kings alest o f 1, 010m illion in 2012 (at2007 prices). 4. Strongg rowthi n both sectorsi s projectedt o reflectt he increasedi nvestmentin infrastructuraen d the government'as im of buildingm oreh ouses,e speciallyin the South East.C onstructionp rojectsr elatedt o the OlympicG ames are also anticipated to further growth in both sectors. 5. The planth irei ndustryis directlyd ependenot n the activityle velsi n the UK building and constructions ector.T herefore,t he reducedc yclicalityo f the constructions ector is makingi t easierf or planth ire companiest o anticipatea nd facilitated emandf or this buildings ector.M BD believet hatt his is an opportunitfyo r planth irec ompaniesto considerd iversificationin toa reas such as car hire. 6. Due to the oftenl argen umbero f planta nd toolsa vailablein planth ireo utlets,t he |
