Aerial Work Platform (AWP) Rental Market Analysis by Key Players Prince Lift, AJ Networks, YK Construction Equipment, Korea Rental Corporation

Aerial Work Platform (AWP) Rental Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Aerial Work Platform (AWP) Rental Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status

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South Korea AWP Rental Market is expected to exceed USD 350 million by 2025. The increasing need for infrastructure inspection and maintenance of high-rise establishments are anticipated to drive the South Korea AWP rental market growth. Reconstruction activities in the country are on the rise following a number of natural calamities such as landslides, winter storms, floods, and tsunamis. Recovery from such natural disasters coupled with the increasing efforts to address the aging infrastructure is leading to high utilization rates of the equipment. Moreover, several conflicts with neighboring countries such as North Korea and war devastations are encouraging reconstruction projects adding up to the industry growth prospects.

The South Korea AWP rental market is matured in terms of utilization, awareness, and the significance of the equipment. The growth prospects are optimistic with the increasing demand and profitability of companies operating in the rental marketplace. The demand for AWPs is growing, mostly driven by the strong demand from the infrastructure sector as well as manufacturing & warehousing facilities for the maintenance of existing infrastructures. Major customers for rental providers include Samsung Display, Samsung Electro-Mechanics, LG, Hyundai Heavy Industries, etc., that utilize this equipment for maintenance works. Rental operators in the South Korea AWP rental market continue to hope for increasing rental rates with the procurement of new machines as the utilization rate is increasing year-on-year.

The access platforms provide a reliable and safe way to access energized overhead power lines, making them a suitable choice for use in government applications in the South Korea AWP Rental Market. Companies are working on incorporating remote control systems into AWPs, which will further escalate market growth. Government initiatives for providing power, water, and other utilities to all the South Korean regions are supporting heavy investments in infrastructure development and installments. Furthermore, the constant maintenance of these facilities and power lines requires aerial lifts to reach inaccessible & highly elevated locations. The government has also largely invested in the construction of buildings, roadways, and transportation points to advance the infrastructure of the country and provide better facilities for the local population, creating several opportunities for South Korea AWP rental market growth.

The South Korea AWP rental market comprises several companies including Prince Lift, AJ Networks, YK Construction Equipment, Korea Rental Corporation, etc. Rental operators continue to hope for increasing rental rates with the procurement of new machines as the utilization rate is increasing year-on-year. Companies are increasingly focusing on enhancing their fleet size. In September 2018, YK Construction Equipment signed a deal with Snorkel and invested in an order of 142 scissor lifts. The order included 42 electric slab scissor lifts and 100 electric scissor lifts.

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Research objectives:

To study and analyze the global Aerial Work Platform (AWP) Rental size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Aerial Work Platform (AWP) Rental by identifying its various subsegments.
Focuses on the key global Aerial Work Platform (AWP) Rental players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Aerial Work Platform (AWP) Rental with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Aerial Work Platform (AWP) Rental submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents:

Report Content

Chapter 1. Methodology and Scope

1.1. Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. South Korea AWP rental industry 360 degree synopsis, 2015 - 2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

Chapter 3. South Korea AWP Rental Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 - 2025

3.2.1. Rental landscape

3.2.1.1. Pros and cons - rent vs purchase AWPs

3.2.1.2. Cost calculator - rent vs purchase AWPs

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Manufacturers

3.3.3. Distribution channel analysis

3.3.4. End-use landscape

3.3.5. Vendor matrix

3.4. Technology & innovation landscape

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