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

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(AWP)Aerial Work Platform Rental Market Growth,
Application Analysis from 2017 to 2024
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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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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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France AWP Rental Market, By Product, 2016 2024
(USD Million)
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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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• 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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