Press release
Global Aerial Equipment Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2018-2024
Aerial Equipment Market
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encourage the expansion of the Aerial Equipment Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Aerial Equipment Market are Ahern Rentals, Inc, Aichi Corporation, AJ Networks Co., Ltd., Aktio Corporation, All Aerials, LLC, Ashtead Group, AWP Rental Company, Shanghai Hongxin Equipment Engineering Co., Ltd., Unirent LLC and LTech.
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Asia Pacific Region to Contribute to Growth in the Global Aerial Equipment Market Over the Upcoming Years
Asia Pacific dominated the aerial equipment market followed by North America. Additionally, the growing demand for advanced construction equipment technology is expected to dominate the North American market. Miss Pooja Baragale a research analyst at Infinium Global Research quoted that an increasing number of infrastructure-related projects in the Asia Pacific regions are anticipated to generate significant growth opportunity for mobile elevated work platforms. On the other hand, the equipment rental industries in china is quite new, currently, the major focus of these industries is on renting scissor, and boom lifts. However, high cost associated with the purchase of this equipment’s such as construction and telecommunication sector for general repair and maintenance activities at inaccessible areas usually at a height is compelling the market.
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Growth in the Construction Industry to Promote Growth in the Aerial Equipment Market Over 2018 to 2024
Increasing utilization of access platforms in the infrastructure projects across the globe is anticipated to be the major factor driving the growth of the aerial equipment market. Additionally, growth in the construction industry, stringent labor laws, and government regulations are expected to boost the market over the upcoming years. Due to high mobility, high traveling speed and less time for setup on construction sites, the market for mobile cranes is increasing. However, high capital investments associated with industrial lifting equipment are likely to hamper the growth of the market over the forecast period.
On the other hand, increasing demand for lifting loads in the shipping industry and increasing demand for the forklifts in the warehouse is providing several growth opportunities for the key players in the Aerial equipment market. Furthermore, demand for crane and hoists in the mining industry has opened door for opportunities for the aerial equipment market. Moreover, increasing investments made by the regional government in the industrial sector such as building airports and stadiums are providing abundant opportunities for the aerial equipment industry.
Mergers and Acquisitions to Remain Key Expansion Strategies of the Leading Players in the Aerial Equipment market Between 2018-2024
The companies profiled in the aerial equipment market are nited Rentals, Ashtead Group, Loxam, Herc Holdings Inc. Moreover, The Manitou group, a world leader in all-terrain material handling has signed an agreement to acquire Terex Equipment Private Limited (TEPL) from Terex Corporation.
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Report Highlights
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global aerial equipment market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of aerial equipment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the aerial equipment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the aerial equipment market to understand the present and future trends in this market and formulate their strategies accordingly.
Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.
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