Press release
Market Segmentation, Key Dynamics, and Competitive Landscape of the Aerial Work Platform Rental Industry
Aerial Work Platform Rental
Projected Expansion of the Aerial Work Platform Rental Market Between 2024 and 2030
The aerial work platform rental market is forecasted to grow steadily, reaching a valuation of $39.00 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 7.5% throughout the forecast period. Several factors contribute to this positive outlook, including heightened investments in worldwide infrastructure projects, increased demand for repair and maintenance services, stricter workplace safety regulations, urban construction growth, the rise of smart cities, and expanding renewable energy ventures. Key trends driving the market forward include advancements in telematics technology, the introduction of electric and hybrid platform models, improved safety and operator assistance systems, progress in lithium-ion battery technology, and research in lightweight materials and compact design innovations.
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Prominent Companies Leading the Aerial Work Platform Rental Industry
The aerial work platform rental sector features several influential players dominating the landscape. These include Loxam Group, Alimak Group AB, Speedy Hire plc, Kennards Hire Pty Ltd., Manlift Group, Sudhir Power Ltd., The Cat Rental Store, BigRentz Inc., Adaptalift Group Pty Ltd., Mtandt Group, National Lift Truck Inc., RentEase International LLC, Apex Aerials Inc., City Lift Inc., Rentman B.V., Lincon, Denali Equipment Rentals Inc., Mayer Hubarbeitsbühnen GmbH, Rentmas S.r.l, and Clexen Rentals Pvt. Ltd.
In early 2024, Herc Rentals, a US-based equipment rental company, completed the acquisition of Aerial Work Platforms Inc. (AWP) from the private equity firm Borgman Capital LLC. This strategic move aims to broaden Herc Rentals' access equipment portfolio and strengthen its position in the aerial work platform rental market, enhancing services for construction and industrial customers nationwide. AWP specializes in aerial platform rental services for construction, industrial, and maintenance applications across the U.S.
Technological Advancements and Innovation Trends in the Aerial Work Platform Rental Market
Industry leaders in the aerial work platform rental market are prioritizing the development of technologically advanced equipment, such as high-reach utility access platforms, which enhance efficiency, safety, and precision for utility and transmission tower tasks. These specialized platforms enable safe lifting of personnel and tools to great heights, facilitating critical infrastructure work.
For example, in October 2025, Blade Platforms LLC, a U.S.-based aerial platform provider, introduced the Blade 187, a high-reach platform specifically designed for transmission tower operations. This model features precision engineering and user-friendly controls to ensure dependable performance, quicker setup times, and improved safety for crews working at elevated sites. The Blade 187 supports utilities in boosting productivity and safety while reducing delays in high-altitude maintenance activities.
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Detailed Segmentation of the Global Aerial Work Platform Rental Market
The aerial work platform rental market is categorized into several key segments for detailed analysis:
1) Product Type: Boom Lifts, Scissor Lifts, Vertical Mast Lifts, Personal Portable Lifts, and Other Products
2) Power or Propulsion Type: Electric, Diesel, Hybrid, Bi-Energy
3) Platform Height: Less Than 20 Feet, Between 20 and 50 Feet, Above 50 Feet
4) Distribution Channel: Direct Rentals, Third-Party or Local Rental Dealers, Online or Digital Rental Platforms
5) End-User or Customer Type: Construction Contractors, Manufacturing and Industrial Plants, Transportation and Logistics Operators, Government and Municipalities, and Other End-Users
Subcategories provide further granularity, such as:
- Boom Lifts include Articulating, Telescopic, Trailer Mounted, Truck Mounted, and Hybrid Boom Lifts.
- Scissor Lifts cover Electric, Rough Terrain, Slab, and Compact or Portable variants.
- Vertical Mast Lifts are split into Push Around and Self-Propelled types.
- Personal Portable Lifts include both Push Around and Self-Propelled models.
- Other product types encompass Spider or Crawler Lifts, Towable Boom Lifts, Vehicle Mounted Platforms, and Specialized Access Equipment.
This comprehensive segmentation highlights the diversity within the aerial work platform rental market and supports a better understanding of the different product offerings, user needs, and distribution strategies influencing the market's future trajectory.
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