(AWP)Aerial Work Platform Rental Market Growth, Application Analysis from 2017 to 2024 - PowerPoint PPT Presentation

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(AWP)Aerial Work Platform Rental Market Growth, Application Analysis from 2017 to 2024

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Increasing utilization of access platforms in infrastructure projects across the globe is anticipated to drive the AWP rental market growth. – PowerPoint PPT presentation

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Title: (AWP)Aerial Work Platform Rental Market Growth, Application Analysis from 2017 to 2024


1
(AWP)Aerial Work Platform Rental Market Growth,
Application Analysis from 2017 to 2024
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2
Global Market Scenario of Aerial Work Platform
Rental Market
  • Increasing commercial and residential
    construction projects coupled with the rise in
    investments in public infrastructure worldwide
    are expected to support the AWP rental market
    over the forecast timeline.
  • Government administrations in several emerging
    economies have renewed their focus on the
    development of urban infrastructure projects,
    such as airport developments and smart cities,
    owing to which the access platform rental market
    is witnessing a sharp increase in demand.
  • Moreover, growing safety concerns in workplaces
    following the surge in fatal injury rates is
    compelling various authorities to make more
    utilization of these equipment.
  • Growing installation maintenance activities
    for the upgrade of fire stations, street lights,
    transformers power cables, and other associated
    infrastructure, will drive the mobile elevated
    work platform (MEWP) rental market growth.

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3
Continue-
  • In addition, demand for these machinery is on the
    rise for providing temporary access to workers
    usually in elevated locations and inaccessible
    areas.
  • In the heavy equipment industry, the rental
    model is a better alternative due to the
    frequently changing requirements. For instance,
    the type of access equipment needed for a
    particular task on a job site may change from day
    to day and to address such requirements renting
    is considered a much more feasible for a
    contractor.
  • Factors such as predicting the demand in advance
    coupled with optimizing the fleet utilization
    poses significant challenges to the AWP rental
    market growth. Planning for the equipment
    lifecycle management along with anticipating
    equipment repairs are among the other challenges
    faced by the industry players.

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4
France AWP Rental Market, By Product, 2016 2024
(USD Million)
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5
360 Industry Analysis
  • In the AWP rental market, construction along with
    transportation logistics sectors dominate the
    industry with majority of revenue share.
    Increasing government spending for the
    maintenance and repair of legacy infrastructure
    in developed countries is driving the access
    equipment rental market growth. Rapid
    urbanization in developing economies has led to
    the construction of various residential and
    commercial buildings, offering ample
    opportunities to the industry demand. The smart
    city initiatives in countries such as India,
    South Korea and Singapore are generating high
    demand for access equipment, providing impetus to
    the AWP rental growth. Large number of
    infrastructure projects in the Gulf countries
    with strict timelines is expected to provide
    lucrative opportunities to the access equipment
    rental market.

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6
  • Regional Analysis
  • North America is anticipated to dominate the AWP
    rental market as a result of repair and
    maintenance of existing structures, and the rapid
    development of the construction industry in the
    region. Other major trends in the industry that
    are contributing significantly to the regional
    growth include strict adherence to human safety
    concerns by companies offering rental equipment.
  • Competitive Analysis
  • Key players operating in the AWP rental market
    include Ashtead Group, United Rentals, Herc
    Holdings, Loxam, Blueline Rentals, Aktio
    Corporation, Haulotte Group, Riwal, AFI Uplift
    Ltd., Kilotou, Sunstate Equipment Company and
    Nesco Rentals. The industry is currently
    witnessing intense competition due to the
    presence of large number of operators in the
    marketplace.

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7
Latest Research Report On Aerial Work Platform
Rental Market _at_ https//www.gminsights.com/indust
ry-analysis/aerial-work-platform-awp-rental-market
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Thank You!
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