UK Tool Hire Market to See Only Modest Growth Up to 2016

The UK tool hire market is estimated to be worth some £691m in 2011, reflecting relatively flat bordering on marginally positive market conditions of around 2% growth in 2011 compared to the previous year. Market performance over the last three years has been variable, though difficult to quantify, reflecting variable trends of different hire product groups and the wide range of end use sectors – including, for example, private commercial construction, housebuilding, industrial, infrastructure, and DIY/home improvements. However, in overall terms, the market has declined by around 23% from its peak in 2007.

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