Press release
Aerial Work Platform Rental Market Growth Analysis on Top Manufactures Like United Rentals, Herc Holdings, Loxam, Blueline Rentals, Aktio Corporation, Haulotte Group, Riwal
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.
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. Industry players are heavily investing on fleet expansion considering high demand from construction and transportation & logistics sector.
Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/859984/
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. 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. Less focus on providing online as well as onsite training to workers operating these equipment is impacting the access platform rental market growth negatively. Certified training courses for the efficient and safe operations must be provided by companies that deal with the equipment.
Enhanced outreach and flexible height are significant factors for efficient performance of aerial lifts at large heights. Boom lifts being versatile and flexible, form an ideal choice for various types of construction activities featuring a wider range of movement as compared to other access equipment and contributes substantially to AWP rental market. These factors support the adoption of boom lifts for construction activities. Articulated boom lift offers advantages offered such as enhanced performance on rough terrains, higher lift heights, and better maneuverability. In addition, the emerging trend of construction of high rise infrastructures is providing significant growth opportunities to the boom lift segment driving the overall mobile elevated work platform (MEWP) rental market growth.
Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/859984/
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.
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. In addition, competition between leading players to offer enhanced after sales and maintenance services and certified training courses for the safe operation of access equipment is expected to propel the U.S. access platform rental market.
Complete report for 2017-2024 on Aerial Work Platform Rental market is now available at https://www.marketstudyreport.com/reports/-awp-aerial-work-platform-rental-market
Related Report
Global Air Quality Monitoring (AQM) Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
Global Air Quality Monitoring (AQM) Market Size, Status and Forecast 2023 provides Market information about Manufacturers, Countries, Type and Application. This Industry report also states Company Profile, sales, Market revenue and price, market share, market growth and gross margin by regions.
https://www.marketstudyreport.com/reports/global-air-quality-monitoring-aqm-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=RR-openpr&utm_medium=DC
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:https://www.marketstudyreport.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aerial Work Platform Rental Market Growth Analysis on Top Manufactures Like United Rentals, Herc Holdings, Loxam, Blueline Rentals, Aktio Corporation, Haulotte Group, Riwal here
News-ID: 1336612 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for Rental
Machinery Rental Market Growing Demand, Industry Growth And Scope with Outlook 2 …
Worldwide Market Reports provide important in-depth insights for the Machinery Rental Market In its recently released study. It includes global industry analysis, size, share, growth, trends, and forecast for 2022-2029. The market study for Machinery Rental has been created after careful consideration of the current trends in the industry. It provides a clear, fact-filled overview of the market definition. The research focuses on the market size for Machinery Rental, latest…
Forklift Rental Market 2019 by Top Vendor Analysis-Kanoo Machinery, Peax Equipme …
The report Forklift Rental Market 2019 Research highlights key dynamics of Global Forklift Rental Industry sector.
The report explicit the complete details covering product definition, product type, and application. The report covers helpful subtleties which are sorted dependent on generation region, major players, and item type which will give a simplified view on the business. The market report shows the competitive scenario of the major market players dependent…
Forklift Rental Market to Witness Massive Growth| Kanoo Machinery, Peax Equipmen …
A latest survey on Global Forklift Rental Market is conducted covering various organizations of the industry from different geographies to come up with 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Forklift Rental market. The report bridges the historical data from…
Cooling Tower Rental Market - Aggreko, Caterpillar, Trane, SPX Corporation, Unit …
Global Cooling Tower Rental Market Size, Status and Forecast 2022 provides Market information about top Key Players, Countries, Type and Application. This Industry report also states Company Profile, sales, Cooling Tower Rental Market revenue and price, market share, market growth and gross margin by regions.
Top Key Players:
Aggreko (U.S.)
Caterpillar (U.S.)
Trane (US)
SPX Corporation (US)
United Rental (US)
Sunbelt rental (U.S.)
Johnson Controls (U.S.)
Enquiry for buying report @ https://goo.gl/9KaJwM
Market segment by Regions/Countries, this report covers
United…
Global Forklift Rental Market 2017 - Byrne Equipment Rental, Kanoo Machinery, Pe …
The Report describe Forklift Rental Introduction, product scope, market overview, opportunities, risk, driving force also to analyze the top manufacturers, with sales, revenue, and price, market type and application, with sales market share and growth rate by type, application, from 2017 to 2022
The Forklift Rental report is offers a clear picture of the current and future trends, developments and opportunities. The report, prepared by a highly seasoned team of analysts…
Global Forklift Rental Market Analysis, Demands & Trends 2022 - Kanoo Machinery, …
Qyresearchreports include new market research report "Global Forklift Rental Market Size, Status and Forecast 2022" to its huge collection of research reports.
The global market for Forklift Rental market has been extensively analyzed in this report on the basis of the drivers, restraints, challenges, opportunities, this market faces. The study estimates the current size of the Forklift Rental market in as well as what it will be after the forecast period…
