(AWP) Aerial Work Platform Rental Market Analysis, Size, Regional Outlook, Competitive Strategies and Forecasts to 2024
Category: #world  By Partha Ray  Date: 2019-01-28
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(AWP) Aerial Work Platform Rental Market Analysis, Size, Regional Outlook, Competitive Strategies and Forecasts to 2024

The report presenting a comprehensive exploration of the global (AWP) Aerial Work Platform Rental encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the (AWP) Aerial Work Platform Rental in the near future. It also includes the major contributing factors to the growth of the global (AWP) Aerial Work Platform Rental as well as the dominating players in the market coupled with their market share.


AWP Rental Market is set to exceed USD 24 billion by 2024; according to a new research report.


Increasing commercial and residential construction projects coupled with the rise in investments in public infrastructure worldwide are expected to support the AWP rental market over the forecast timeline. Government administrations in several emerging economies have renewed their focus on the development of urban infrastructure projects, such as airport developments and smart cities, owing to which the access platform rental market is witnessing a sharp increase in demand. Moreover, growing safety concerns in workplaces following the surge in fatal injury rates is compelling various authorities to make more utilization of these equipment.


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Growing installation & maintenance activities for the upgrade of fire stations, street lights, transformers & power cables, and other associated infrastructure, will drive the mobile elevated work platform (MEWP) rental market growth. In addition, demand for these machinery is on the rise for providing temporary access to workers usually in elevated locations and inaccessible areas. In the heavy equipment industry, the rental model is a better alternative due to the frequently changing requirements. For instance, the type of access equipment needed for a particular task on a job site may change from day to day and to address such requirements renting is considered a much more feasible for a contractor.


Factors such as predicting the demand in advance coupled with optimizing the fleet utilization poses significant challenges to the AWP rental market growth. Planning for the equipment lifecycle management along with anticipating equipment repairs are among the other challenges faced by the industry players. Less focus on providing online as well as onsite training to workers operating these equipment is impacting the access platform rental market growth negatively. Certified training courses for the efficient and safe operations must be provided by companies that deal with the equipment.


Enhanced outreach and flexible height are significant factors for efficient performance of aerial lifts at large heights. Boom lifts being versatile and flexible, form an ideal choice for various types of construction activities featuring a wider range of movement as compared to other access equipment and contributes substantially to AWP rental market. These factors support the adoption of boom lifts for construction activities. Articulated boom lift offers advantages offered such as enhanced performance on rough terrains, higher lift heights, and better maneuverability. In addition, the emerging trend of construction of high rise infrastructures is providing significant growth opportunities to the boom lift segment driving the overall mobile elevated work platform (MEWP) rental market growth.


In the AWP rental market, construction along with transportation & logistics sectors dominate the industry with majority of revenue share. Increasing government spending for the maintenance and repair of legacy infrastructure in developed countries is driving the access equipment rental market growth. Rapid urbanization in developing economies has led to the construction of various residential and commercial buildings, offering ample opportunities to the industry demand. The smart city initiatives in countries such as India, South Korea and Singapore are generating high demand for access equipment, providing impetus to the AWP rental growth. Large number of infrastructure projects in the Gulf countries with strict timelines is expected to provide lucrative opportunities to the access equipment rental market.


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North America is anticipated to dominate the AWP rental market as a result of repair and maintenance of existing structures, and the rapid development of the construction industry in the region. Other major trends in the industry that are contributing significantly to the regional growth include strict adherence to human safety concerns by companies offering rental equipment. In addition, competition between leading players to offer enhanced after sales and maintenance services and certified training courses for the safe operation of access equipment is expected to propel the U.S. access platform rental market.


Key players operating in the AWP rental market include Ashtead Group, United Rentals, Herc Holdings, Loxam, Blueline Rentals, Aktio Corporation, Haulotte Group, Riwal, AFI Uplift Ltd., Kilotou, Sunstate Equipment Company and Nesco Rentals. The industry is currently witnessing intense competition due to the presence of large number of operators in the marketplace. Industry players are heavily investing on fleet expansion considering high demand from construction and transportation & logistics sector. They are increasingly focusing on adopting latest technologies such as asset management software solutions which helps in enhancing the visibility of equipment, reduce downtime resulting in optimizing the utilization.


 The Key Objectives of The Report Are as Follows:

  • Define, Analyze and Forecast (AWP) Aerial Work Platform Rental Market by Product Applications, Key Players and Region.
    Forecast the Market Size with Varied Segments Concerning Main Regions 
  • Give Elaborated Data Regarding the Foremost Factors (Opportunities, Drivers, Restraints, And Industry-Specific Challenges) Influencing the Expansion of (AWP) Aerial Work Platform Rental Market.
  • Analyze the Industry with Relation to Individual Growth Trends, Prospects and Contributions to The Whole (AWP) Aerial Work Platform Rental Market.
  • Analyze Opportunities Within the Marketplace for Varied Stakeholders by Distinguishing the High-Growth Segments of (AWP) Aerial Work Platform Rental Market.
  • Profile the Key Players and Comprehensively Analyses Their Market Position in Terms of Ranking and Core Competencies Together with The Competitive Landscape.
  • Analyze Competitive Developments, Like Partnerships and Joint Ventures, New Product Developments, Expansions, And Development in (AWP) Aerial Work Platform Rental Market.

Key Points Covered in The (AWP) Aerial Work Platform Rental Market Research Reports:

  • Industry Overview: Definition, Brief Introduction of Major Classifications, Applications, Major Regions.
  • Production Market Analysis:  (AWP) Aerial Work Platform Rental Market Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis, Major Manufacturers Performance and Market Share, Regional Market Performance and Market Share.
  • Sales Market Analysis:  Sales Volume, Sales Price and Sales Revenue Analysis, Regional Sales Market Analysis.
  • Consumption Market Analysis:  Consumption Volume Analysis, Regional Consumption Market Analysis, Regional Market Performance and Market Share.
  • Production, Sales and Consumption Market Comparison Analysis: By Regional (AWP) Aerial Work Platform Rental Market Performance and Market Share.
  • Major Manufacturers Production and Sales Market Comparison Analysis:  and Regional Major Manufacturers Production and Sales Market Comparison Analysis.

Report Content


 Chapter 1.   Methodology & Scope


 1.1    Methodology


 1.1.1    Initial data exploration


 1.1.2    Statistical model and forecast


 1.1.3    Industry insights and validation


 1.1.4    Definition and forecast parameters    Definitions    Methodology and forecast parameters


 1.2    Data Sources


 1.2.1    Secondary


 1.2.2    Primary


 Chapter 2.   Executive Summary


 2.1    AWP rental industry 360 degree synopsis, 2013 - 2024


 2.2    Business trends


 2.3    Product trends


 2.4    Application trends


 2.5    Regional trends


 Chapter 3.   AWP Rental Industry Insights


 3.1    Industry segmentation


 3.2    Industry landscape, 2013 - 2024


 3.2.1    Construction machinery landscape, Russia


 3.3    Construction machinery rental landscape, Russia


 3.3.1    Crane industry landscape, Russia, 2013 - 2024


 3.3.2    Rental landscape    Pros and cons - rent vs purchase AWPs    Cost calculator - rent vs purchase AWPs


 3.4    Industry ecosystem analysis


 3.4.1    Distribution channel analysis


 3.4.2    Vendor matrix


 3.5    Technological and innovation landscape


 3.6    Regulatory landscape


 3.6.1    North America    Occupational Safety & Health Administration (OSHA)    OSHA 29 CFR 1926.21    The Scaffold & Access Industry Association    American National Standards Institute (ANSI)    ANSI/SAIA A92.2-2015    ANSI/SAIA A92.5-2006 (R2014)


 3.6.2    Europe    EN280:2013    Provision and Use of Work Equipment Regulations (PUWER)    Russia    EurAsian Conformity Mark (EAC)    European Union Standards    Emission Controls Standards


 3.6.3    Asia Pacific    NTPC


 3.6.4    Latin America    NR12


 3.6.5    MEA    Occupational Health & Safety Act, 1993    Driven machinery regulations, 2011    The South African Bureau of Standards (SABS)    ZABS (ZS 385)    OSH Regulations    GCC Standardization Organization - GSO 42:2015


 3.7    Industry impact forces


 3.7.1    Growth drivers    Increasing infrastructure investments globally    Rising equipment rental demand in the U.S.    Increasing rate of urbanization in the U.S.    Increasing infrastructure and industrial projects in Russia    Growing demand for AWPs in China    Growing urbanization and safety concerns in India    Rapid infrastructure development in BRIC countries    Growing reconstruction and maintenance activities in Japan


 3.7.2    Industry pitfalls and challenges    Optimizing fleet utilization    Lack of trained operators    Lack of awareness


 3.8    Growth potential analysis


 3.9    Porter's analysis


 3.10   Competitive landscape, by region, 2016


 3.10.1    North America


 3.10.2    Europe      Russia


 3.10.3    Asia Pacific


 3.10.4    Latin America


 3.10.5    MEA


 3.11    PESTEL analysis


 Chapter 4.   AWP Rental Market, By Product


 4.1    AWP rental market share, by product, 2016 & 2024


 4.2    Boom lift


 4.2.1    Market estimates and forecasts, 2013 - 2024


 4.3    Scissor lift


 4.3.1    Market estimates and forecasts, 2013 - 2024


 4.4    Vertical mast lift


 4.4.1    Market estimates and forecasts, 2013 - 2024


 4.5    Personal portable lift


 4.5.1    Market estimates and forecasts, 2013 - 2024


Complete report titled at https://www.marketstudyreport.com/reports/-awp-aerial-work-platform-rental-market

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About Author

Partha Ray

Email: [email protected]   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.


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