AWP Rental Market - Future Demand Outlook and Emerging Trends by Leading Players to 2024
Category: #reports  By Rahul Varpe  Date: 2020-04-27
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AWP Rental Market - Future Demand Outlook and Emerging Trends by Leading Players to 2024

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.

With extensive maintenance and repair activities revamping existing transformers & power cables, street lights, fire stations, and other associated infrastructure, North America is projected to heavily influence growth prospects of AWP rental industry. Speaking of which, the firms offering rental equipment in this region have been mandated by regulatory authorities to strictly adhere to human safety concerns. This has, in consequence, fueled the AWP rental market share expansion across the nations in the North American region.

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Based on the research, the size of the overall AWP Rental Market was recorded at USD 15 billion in the year 2016 and is now projected to surpass around USD 24 billion by 2024.

The AWP Rental Market size, between the duration 2017- 2024, is anticipated to witness a CAGR of 4%.  The report displays an exceptionally exact assessment on the current scenario of this industry. All the significant details of the worldwide market have been outlined in the report in a detailed, orderly way. The review has been incorporated post compiling a nitty gritty examination of the driving components, the parameters that may obstruct the market development, coupled with the future possibilities of the business.

Concurrently, various emerging economies world over have been allocating massive budgetary proceeds to construct mega-infrastructure projects including visionary smart cities, magnificent airports, and other industrial complexes. Subsequently, the successful execution of these gigantic projects rests upon numerous business verticals, of which AWP rental market is undoubtedly among the most crucial ones.

Market Growth Drivers –

  1. Increasing infrastructure investments globally
  2. Rising equipment rental demand in the U.S.
  3. Increasing rate of urbanization in the U.S.
  4. Increasing infrastructure and industrial projects in Russia
  5. Growing demand for AWPs in China
  6. Growing urbanization and safety concerns in India
  7. Rapid infrastructure development in BRIC countries
  8. Growing reconstruction and maintenance activities in Japan

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Know about Market growth in New Research and its Top growing factors by Key Companies like: -

AFI Uplift Limited, Ahern Rentals, Inc., Aichi Corporation, AJ Networks Co. Ltd., Aktio Corporation, All Aerials, LLC, Ashtead Group, AWP Rental Company, Blueline Rental LLC, Boels Rental, Cramo PLC, Fortrent, H&E Equipment Services, Haulotte Group, Herc Holdings, Inc. (Herc Rentals, Inc.), Hinkel Equipment Rental Associates, Home Depot Product Authority LLC, Kiloutou, Lizzy Lift, Inc., Loxam Group, LTech, MacAllister Rentals, Manlift Group, Mtandt Rentals Limited, Nesco Rentals (Nesco, LLC), Pekkaniska Oy, Ramirent, Riwal, Shanghai Hongxin Equipment Engineering Co. Ltd., Sunstate Equipment Company, Unirent LLC, United Rentals, Inc.

Comprehensive Review of Market by Applications: -

  1. Construction
  2. Telecommunication
  3. Transportation & Logistics
  4. Government

Additionally, the report contains details relating to the numerous organizations that form a part of the competitive scene of this industry. The various advancements in the market, developments, and different components influencing the product demand are additionally expounded in detail.

The significant regions worldwide that may probably build up a conspicuous hold in the business and the ones that have significant odds of developing as vital income pockets are enrolled in the report. Likewise, a top to bottom assessment of the most recent advancements in the business, along with definite profiles of all the critical organizations in the market are given in the report, coupled with a special model investigation.

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A SWOT analysis, overviews, and the strategies deployed by significant merchants in the market give a careful comprehension of the industry scenario and what chances the market has of depicting positive growth prospects. Likewise, the investigation shows an itemized market division which depends on the product type, application, and innovations. The business strategies embraced by significant market players paired with the rising progressions and significant development possibilities of the business until 2024 have been given.



About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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