Aerial Work Platform Rental Market Forecast, 2020–2027 | Covid-19 Impact, Global Research Report, Key Drivers

Aerial work platform rental is lifting equipment that can be rented for performing various operations in industries like telecommunication, construction, logistics, transportation, and others. These systems are majorly used for applications like installing new structures at heights, repairing ductwork, high up wiring, and more. The main objective of these systems is to provide access for equipment or operators to inaccessible places like those at height. These systems have additional features like being equipped with compressed air connectors or electrical outlets for power tools, carrying window glass frames, and more.

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Drivers, restraints, and opportunities

Rapid growth in population across the world has resulted in an increasing number of rural and urban infrastructure projects that is a key factor that is expected to drive the aerial work platform rental market in the upcoming years. Besides, advanced features such as improved safety of the systems are raising the demand for aerial work platform rentals from industrial and infrastructure sectors.

Moreover, huge investments by governments for infrastructural developments of roads, telecommunication, power generation, transportation, and more in emerging countries like China and India can potentially fuel the growth of the aerial work platform rental during the forecast period. However, huge costs for the purchase of equipment and lack of skilled operators are the factors that can hinder the market growth. Conversely, new technological advancements like hybridization and electrification technology are anticipated to create new growth opportunities for the aerial work platform rental market in the upcoming years.

Trends in the aerial work platform rental market

Rising adoption of vertical mast lifts

Safety during working at heights is the basic requirement for hiring an aerial work platform rental. There are various types of aerial work platform rentals available in the market that are used to perform a wide range of operations at heights. Among all the types of aerial work platform rentals available, the vertical mast lifts are widely adopted for end-use applications.

The reasons for this could be the wide range of features offered by the vertical mast lifts such as a safer and preferable option for complicated industrial maintenance applications, maneuverability. These types of systems are widely adopted in factories, restaurants, exhibition halls, and theaters for applications like cleaning and replacement. In addition, the growing popularity of these systems is due to their flexibility, lightweight, and easy installation. The growing demand for vertical mast lifts can be attributed to the growth of the aerial work platform rental market.

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Huge investments for infrastructural development

Due to factors like rapid urbanization, industrialization, population, and others in emerging countries like China and India, governments of these countries are investing heavily to develop public infrastructure. Government initiatives for new infrastructural projects and the pursuit to build smart cities in these countries can significantly result in the positive growth of the construction sector.

For instance, the Indian government announced $1.4 trillion for infrastructure in the Union Budget 2019-20. The money will be utilized for the development of infrastructure of transport, railways, energy and power generation projects, and more. Such huge investments for the development of infrastructure can boost the growth of the construction industry that will eventually result in the positive growth of the aerial work platform market.

By Region

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, and the Rest of Asia Pacific), LAMEA (Latin America, Middle East, and Africa)

Key Players

Major players analyzed include Haulotte Group, Herc Holdings Inc., AFI Uplift Ltd., United Rentals, Ashtead Group, Riwal, Loxam, Aktio Corporation, Nesco Rentals, Kilotou, and Sunstate Equipment Company.

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