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UK Heavy Plant Leasing Market Research Report
Market & Business Development (MBD) Ltd, July 2004
The UK market for heavy plant leasing declined year-on-year during the review period, contracting most significantly in 2000 and 2001. This partly reflected the difficult conditions in the UK engineering sector and the high value of the pound Sterling throughout much of the review period. However, the value of the pound Sterling has declined against the Euro in 2003. The year-on-year value decline has also been attributed to the ongoing competitive trading conditions under which UK companies operate in the manufacturing sector. Leasing companies have attempted to manage this decline by offering increasingly flexible and customised repayment schedules. The uncertain economic environment has contributed to the reduction in demand for heavy plant funding, with companies unwilling or unable to commit capital to asset investment.
This report studies the leasing of heavy industrial equipment to the solid fuels, metals, chemicals, engineering, food and drink processing, textiles and construction sectors. The report identifies the industry structure, market size, market segmentation, market trends, legislation and accounting standards, business investment, regional sales, and seasonal sales in an easily readable format, analysing five year historical data together with five year forecasts.
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