Our markets

There are circa 5,000 equipment rental companies in the UK and the size of the UK hire market is worth in excess of £4.4bn (Source: European Rental Association, 2010). Speedy currently has around a 10% share of the UK hire market (Source: AMA Construction Equipment Rental Report, 2010) which makes us the largest company in this sector.

Key markets

Our key markets in the UK and Ireland are construction, infrastructure, utilities, and major industrial groups. Commercial construction rentals are geared towards contractors conducting new-build and repair and renovation work, who hire a wide range of equipment. Industrial rentals are geared towards businesses conducting routine plant maintenance as well as special projects that require power and welding equipment, lifting and material handling equipment, safety products. In the last year, all of our end-user markets, with the exception of infrastructure have continued to be challenging and have contracted. We have continued to focus on identifying and penetrating those market segments that are growing or more robust such as waste, energy, rail and education.

International markets

Our international activity is focused on two key markets in the Middle East: government-backed infrastructure and industrial, including the onshore and offshore oil & gas markets. Many Middle Eastern governments have long-term plans to invest in infrastructure, particularly water, power and transport where there are structural shortages, and social programmes for new hospitals, schools and universities. As well as being an international hub for the oil & gas industry, there are major programmes of industrial diversification underway across the region.