Executive Summary
Lavendon Group plc is the European leader in the rental of powered access equipment (i.e. machines that enable people to work safely and efficiently at height). Lavendon has around 21,000 units in its fleet at the end of 2007. It is an international business operating in 9 countries and employing over 1900 people in 127 locations. It aims to differentiate itself through the quality and diversity of the hire fleet coupled with the professionalism and accessibility of its depot network.
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There are there main factors driving growth in powered access rental.
- Legislation: the Temporary Work at Height Directive (2001/45/EC) obliges EU member states to have matching legislation on their statute books. This directive places the onus on employers to ensure that employees and contractors are working at height by the safest possible means. Although application of the legislation varies state by state, the trend of legislative pressure is clearly in favour of safer working at height
- Efficiency gains: the adoption of powered access in construction and R&M has increased efficiency levels in the US over the past two decades. Penetration levels of powered access in Europe (measured as numbers of units per $ billion of relevant construction or R&M activity) still trail those of the US, particularly outside of the new build construction sector
- Construction methods: the switch to steel frame construction, and away from concrete, drives more intensive use of powered access. The use of structural steel in non-residential construction has been gaining share in Europe over the last twenty years. At the same time building complexity, and the development of so-called "smart buildings" mean that fit-outs and repairs are more complex than in the past. This again drives an increased demand for powered access use as a safe, speedy and efficient means of performing work at height.
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