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News Release from: MTW Research | Subject: UK Access Equipment Industry
Edited by the Buildingtalk Editorial
Team on 26 February 2008
Access equipment industry worth GBP1B in
2008
UK Access Equipment Industry is likely to be worth in excess of GBP1 billion in 2008, up by more than 10% since 2007, according to a new independent report.
Since 2004, the access equipment industry has grown in value by 40% to exceed GBP1 billion for the first time, reflecting a continued underlying strength and general optimism in the sector The 150-page report also points to continued high levels of profitability for many of the key suppliers of Access Equipment in the UK
This article was originally published on Buildingtalk on 29 Jan 2008 at 8.00am (UK)
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The research for this independent report, published by construction research specialists MTW Research, also found that whilst debt levels in the industry continued to rise by around 2-3% each year, growth in assets has generally outstripped this rise, resulting in relatively buoyant market conditions since 2004.
MTW indicate that this trend should continue, though liabilities are likely to top GBP2.5 billion by 2012, highlighting the importance of continued growth in demand for access equipment products.
MTW go on to state that average sales growth has tended to outperform inflation in recent years, with a reasonably optimistic forecast to 2012, albeit against a backdrop of rising inflation in 2008.
In addition, there has been continued growth in average profitability levels in recent years, suggesting that the industry stands in good stead to weather any short term difficulties in the UK economy.
MTW have ranked more than 120 companies by a variety of financial indicators, such as sales, profit levels, assets, net worth and liabilities.
The result is a non-complex report which could be used in a strategic management review or as a key tool in developing an effective understanding of the access equipment industry and developing key marketing objectives.
The remainder of MTW's report, priced at GBP 375, provides a 1 page financial profile, including a financial indicator chart, for each of the 120 companies.
This useful feature means that the reader is able to quickly gauge the performance of their competitors and provides a comprehensive review of this industry overall.
The report is available to purchase by calling 08456 524324 or by ordering online MTW Research's website, where a free sample is available to download.
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