South Korea Aerial Work Platform (AWP) Rental Market is Expected to grow at a robust CAGR by 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-07
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South Korea Aerial Work Platform (AWP) Rental Market is Expected to grow at a robust CAGR by 2025

The dramatic improvement in present-day communication technology can be credited to leading innovations like SDN, IoT, NFT, and 5G among others. However, they can’t be deployed without appropriate telecommunication infrastructure. South Korea has invested significantly in telecommunication over the past decades and will continue its initiatives throughout the foreseeable with 5G being a key component of its 4th industrial revolution.

The South Korea Aerial Work Platform (AWP) Rental Market is projected to expand from its present industry value of over $300 million to more than $350 million over the analysis timeframe.

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The South Korea AWP rental market is slated to gain immense momentum over the ensuing years owing to a large number of ongoing and upcoming construction and infrastructural development projects. The government, as well as the private sector, are a part of the financing and operation of several infrastructure projects and services. By 2020, the South Korean government is slated to spend over $300 billion on projects like roads, airports, railways, and mega resorts.

Over the last few years, the nation’s manufacturing and construction companies have been in the headlines for negative matters concerning workplace fatalities. Just recently, the death of a young temporary worker sparked a movement on social media, driving concerns over workplace safety and labor laws. According to credible sources, in an average year, South Korea loses more than 1,000 workers to workplace accidents, which is the highest among OECD (Organization for Economic Co-operation and Development) member countries.

The key focus of the South Korea Aerial Work Platform (AWP) Rental Market  report is to enlist important data and updates related to the market while also emphasizing on the numerous growth opportunities prevailing in the global market which will facilitate industry expansion at a healthy rate. Well-detailed overview of the market, alongside the in-depth knowledge about the market definitions have been entailed in the study.

Market Growth Drivers –

  1. Increasing infrastructure investments in the country
  2. Increasing rate of urbanization
  3. Growing demand for AWPs
  4. Growing reconstruction and maintenance activities

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Elucidating section of the report depicts information about the market dynamics. The abstract is inclusive of current industry defining trends, driving augmenting the market growth, various growth opportunities prevailing in the market as well as the growth hampering factors. Data on value chain analysis, in consort with existing pricing models is also given in the report. An in-dept analysis of historic graphs and estimations regarding the market growth over the forecast timeframe are also contained in the report.

Top Companies

AJ Networks Co. Ltd., Haulotte Group, Horyong Co. Ltd., JLG Industries, Korea Rental Corporation, Manitou, Skyjack, Terex Corporation (Genie)

Split by product type, the market has been divided into

  1. Boom Lift
  2. Scissor Lift
  3. Vertical Mast Lift
  4. Personal Portable Lift

The report is inclusive of thorough inference regarding the production, price, revenue generated, segmental market share, and growth rate attained by each segment.

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What is the gist of this report?

  1. A comprehensive pricing analysis has been carried out with regards to product spectrum, application scope, and regional landscape
  2. An in-depth documentation of the key market players and major companies to understand the competitive spectrum of the global market
  3. Extensive details about the regulatory framework impacting the industry, in tandem with rising investments by the major stakeholder of the global market
  4. All-detailed estimation of the numerous factors aiding the overall industry expansion, along with their influence on the market dynamics and projection of the global market
  5. An exhaustive abstract containing details about the various growth opportunities prevailing in the global market and recognition of important drivers
  6. A detailed analysis of the varied trends that exist in the global market that would enable identification of the several developments

Related News: https://www.marketwatch.com/press-release/plastic-structural-perimeter-market-to-register-45-cagr-by-2026-2020-04-07



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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