The industry is expected to generate revenue of £1.9 billion in 2013-14, down 0.5% on the previous year. Revenue is expected to average a decline at a compound annual rate of 2.0% over the five years through 2013-14, reflecting the collapse in demand for cranes across the building markets. In the wake of the financial crisis, demand for multistorey offices and apartment blocks, which need cranes in the construction process, contracted dramatically. The industry was, however, partly cushioned by the strong investment conditions in several key infrastructure markets.
Firms in this industry rent out construction equipment with operators for use on a wide range of construction projects and industrial applications.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.