Posted on 29/11/2016 by Dave Irons
Jobs in plant hire are a strong prospect for at least the remainder of the current decade, according to the highlights of an AMA Research report on the industry.
The study looks at the UK plant hire sector from 2016 to 2020, and compares this period with the preceding years of the decade.
It asserts that market prospects are optimistic until at least the end of the reporting period, citing the outcome of the EU Referendum as one source of uncertainty over the long term.
But while Brexit remains unresolved with the end of 2016 approaching, the prospects for plant hire jobs remain positive.
In the period from 2013 to 2015, for instance, the total UK plant hire market grew by more than 15%, helping to support and create new jobs in plant hire roles.
A quarter of the market is accounted for by the five largest plant hire companies, while this in turn means that around three in four plant hire jobs are with firms outside of that elite shortlist.
More than 60% of the entire market consists of lifting and earth moving equipment, while generator hire is a particular area of growth at present.
The full report, Plant Hire Market Report - UK 2016-2020 Analysis, was published earlier this year by AMA Research.