The UK access equipment market was estimated to have grown by 7% in 2015, followed by further growth of 4% in 2016, according to a new report released by AMA Research. Overall, powered and specialist access equipment is estimated to account for around 57% of the market in 2015, with non-powered access equipment accounting for the remainder. Following a stagnant period, the market returned to growth in 2012, experiencing particularly sharp growth in 2014, with slightly lower growth in 2015/16.
“Going forward, the powered access equipment market is forecast to perform better than the non-powered sector, particularly towards the latter part of the decade, as the non-powered sector is more mature with less scope for product development. After a period of comparative price stability, some future price rises are expected, also adding value to the market across the review period.”
The paragraphs above relate to the report ‘Access Equipment Market Report – UK 2016-2020 Analysis’, which has recently been published by AMA Research. Click here for the full press release. If you require any further information, or would like to receive the press release in MS Word format or the chart as a separate image, please don't hesitate to get in touch, contact Anna Eriksson or Hayley Thornley on 01242 235724