Press release
AWP Rental Market to see Strong Growth by 2024 | Blueline Rental, Boels Rental, Loxam, United Rentals, Riwal
AWP Rental Market
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Owing to the massive increase in residential and commercial construction projects across the globe, major AWP rental market players have been focusing on launching advanced access platforms. Moreover, the enormous rise in infrastructural investments in the public sector has compelled industry participants to manufacture value-added and customized products. In fact, as per a research report, AWP rental industry is forecast to exceed an impressive valuation of USD 24 billion by 2024.
Acquiring minor and upcoming firms has emerged as one of the chief business augmentation strategies that is being adopted by prominent players in the AWP rental market lately. This change can be attributed to the rising tendency of renowned access platform makers to offer a wide range of services and equipment by leveraging the technologies developed by new entrants in the AWP rental industry. Boasting of a massive application base comprising transportation & logistics, construction, government, and telecommunication, evolving a consumer-centric approach has been the focal point of AWP rental market participants.
AWP Rental Market, by Product: -
1. Boom lift
2. Scissor lift
3. Vertical mast lift
4. Personnel portable lift
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AWP Rental Market, by Application: -
1. Construction
2. Telecommunication
3. Transportation & logistics
4. Government
5. Others
The increasing number of fatal injuries across hazardous business domains has compelled government authorities to mandate utilization of these equipment, which would further boost the growth potential of AWP rental industry in the ensuing years.
Key players operating in the AWP rental market include: -
1. Ashtead Group
2. United Rentals
3. Herc Holdings
4. Loxam
5. Blueline Rentals
6. Aktio Corporation
7. Haulotte Group
8. Riwal
9. AFI Uplift Ltd.
10. Kilotou
11. Sunstate Equipment Company
12. Nesco Rentals
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United Rentals, Inc's recent acquisition of Neff Corporation has sent out waves of anticipation across the rapidly expanding AWP rental market. The latest deal is reported to have been concluded at a striking USD 1.3 billion and was primarily funded via freshly issued unsecured debt. Apparently, this take over is in line with the US based company's expansion strategy which aims to enhance its earthmoving capabilities in the crucial growth terrains of the global AWP rental industry.
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