The Economic Impact of the UK Construction Plant-hire Sector
Commissioned by the Construction Plant-hire Association (CPA)
This study, commissioned by the Construction Plant-hire Association (CPA), focuses on the UK construction plant-hire industry, and analyses its total economic impact in 2022.
The construction sector is an important component of the UK economy, employing 7% of the UK workforce, and making activity in all other sectors of the economy possible through the infrastructure, offices, and factories that it builds.
However, an important enabling sector that sits behind construction and allows it to function in an efficient way is the construction plant-hire sector. From its beginnings during World War II, this sector includes all the companies that hire out construction plant and equipment to the construction firms carrying out building projects.
This report looks at the economic benefits the construction plant-hire sector brings to the UK. These benefits arise through three channels: the direct impact, which includes the impact of the companies themselves; the indirect impact, which occurs through the supply chain spending of these companies; and the induced benefits, which arise from workers in the sector and its supply chains spending their wages.
The experts behind the research
Our Economic Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Rob Harbron
Associate Director, Economic Footprint & Sustainability
Jamie Charles
Lead Economist, Economic Footprint & Sustainability
Tags:
