Rising Demand has Good Prospects for Plant Hire Recruitment
Plant hire recruitment opportunities are likely to be on the increase in the coming years, as part of a return to growth that has led many firms in the sector to look towards expansion.
According to Plant Hire Market Report – UK 2016-2020 Analysis from AMA Research, the UK plant hire market overall achieved 5% growth in 2015, and is predicted to add another 3% to this in 2016.
Two thirds of market value derives from construction activity, and around a third overall comes from earth-moving equipment.
It is a fairly fragmented market, ranging from national brand names, to local independent hire providers, and during recent years it has seen movement both in terms of some companies expanding, and others consolidating.
Overall though, a return to higher levels of demand in 2014-15 means there are good prospects for plant hire recruitment in the near future.
“From 2017 onwards all construction sub-sectors are forecast to increase output, which will provide hire opportunities in all product sectors of the plant hire market to 2020,” the report predicts.
This particularly includes “sectors such as housebuilding, infrastructure (including transport and electricity), offices and industrial”.
Between 2017 and 2020, this should add a further 9% on to the value of the market as a whole.