Ashtead Group Results Presentation Deck
US CONSTRUCTION MARKET OUTLOOK
250
230
210
190
170
150
130
110
90
70
50
Dodge construction starts
Indexed: 2000=100
2005
2009
2011
2007
Source: Dodge Data & Analytics (May 2021)
Market growth
Source: IHS Markit (May 2021)
16
2016
Market ($bn)
1,224
Market growth
+7%
Source: Dodge Data & Analytics (March 2021)
2017
+4%
2013
2015
2017
Rental market forecast
Full year results ¦ 30 April 2021
2019
2021
Construction put in place
2017 2018 2019 2020 2021 2022
2023
1,280 1,333 1,365 1,430 1,397 1,459 1,578
+5% +4% +2% +5% -2% +4%
+8%
2023
2025
2018 2019 2020 2021 2022 2023 2024
+8% +6% -9% +3% +10% +4% +2%
▪ Construction starts return to growth in 2021 and reach
pre-COVID levels in 2022
Although the construction starts forecasts anticipate some
increase in infrastructure, construction put in place and
rental market forecasts yet to reflect any significant impact
▪ Non-residential put in place forecast to decline 10% in 2021;
returning to pre-COVID levels in 2023
■
■
Strength in warehouse, data centres and distribution
Softer in hotels, retail and traditional offices
▪ Customers favouring OPEX vs. CAPEX continues to drive
structural shift
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