Professional Shopfitting Service and Retail Store Fit Out Contractors, Project Management Specialists
The UK construction equipment hire market was estimated to be worth around £5m in 2018, and is forecast to grow by approximately 11% by 2023. All sorts of businesses hire plant machinery, tools and equipment including building contractors, local authorities, civil engineers, industrial companies and home owners. Earth moving equipment like excavators, dumpers and skid steers, represent some of the most popular machines. Lifting and access equipment are also key, such as powered access, scaffolding and ladders.
The need for increased numbers of new dwellings is a significant focus within Government policy, the original desired target being 300,000 new homes a year by 2020. Many experts correctly felt that this target was unrealistic and further so after the Coronavirus crisis. House building is expected to continue growing at a healthy pace, and housing and apartment developments call for a variety of construction equipment.
Many companies opt to hire plant machinery and tools rather than purchase for a number of reasons, the main one being the price. Heavy plant machinery features state of the art design technology, and represents a substantial investment. Even where construction companies plan to eventually buy their own machinery, it pays to hire first and ‘try out’ certain makes and models. Hiring also means no maintenance or storage hassles, as with owning machinery, tools and equipment. There are no worries about depreciation either with hire vehicles, and you can benefit from constantly updated models.
Companies such as Rhinos Plant Hire have seen a surge in demand recently for their plant machinery and tools. Some of this may be attributed to more work getting done on homes due to many people being furloughed. The expected uptake of housing developments in places like Barnet will be another contributing factor to increased need for plant hire.