Press release
Aerial Work Platform Rental Market Growing Trade Among Emerging Economies at a CAGR of 5.1% By 2030
Aerial Work Platform Rental Market
The aerial work platform rental market size was valued at $41.4 billion in 2020, and is estimated to reach $69.0 billion by 2030, growing at a CAGR of 5.1% from 2021 to 2030.
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New battery technologies are expected to increase the demand for electric aerial work platform rental market trends in the future. New and improved emission standards as well as restrictions on the use of engine-powered aerial work platforms indoors open up new opportunities for electric and hybrid aerial work platforms. Hence this will allow the aerial work platform business to expand. On the other hand, manufacturers invest on cutting-edge technologies that can be controlled remotely.
Furthermore, internet of things(IoT) integration reduces the labor required for operating as well as provide safety. These factors are predicted to create opportunities for global market improvement throughout the forecasted period. .The aerial work platform rental market forecast is carried on the basis of product type, application, propulsion type, and region. On the basis of product type, it is classified into boom lift, scissor lift, vehicle-mounted platforms, and others. Depending on application, the market is fragmented into utility, manufacturing, construction and others. By propulsion type, it is categorized into, diesel, electric and hybrid.
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By Product Type -
Boom
Scissor
Vehicle Mounted Platforms
Others
By Application -
Utility
Manufacturing
Construction
Others
By Propulsion Type -
Diesel
Electric
Hybrid
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Key Market Players -
United Rentals, Nesco Rentals, Sunstate Equipment Company., Aktio Corporation, Riwal, Loxam, Ashtead Group, AFI Uplift Ltd., Kilotou, Haulotte Group, Herc Holdings Inc.
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