AWP rental market: 5 trends characterizing the industry over 2017-2024
Date: 2018-06-08   Author: Saipriya Iyer  Category: #market

AWP rental market: 5 trends characterizing the industry over 2017-2024

The growing deployment of access equipment in manufacturing sites and factories for material handling applications, infrastructure projects, and the telecom sector for the installation and maintenance of overhead lines and telecom poles will drive AWP rental market trends over 2017-2024. Apparently, even regional governments are encouraging the utilization of these platforms pertaining to the level of safety these solutions offer as opposed to scaffoldings.

Five trends defining AWP rental industry outlook:

  • China mobile elevated work platform (MEWP) rental market will depict the fastest growth rate over 2017-2024. The growth can be attributed to the rising importance of access platforms in the country’s growing construction sector and the increasing wage rates in China, prompting companies to rent equipment.
  • Construction applications accounted for a major proportion of AWP rental industry, reportedly driven by the escalating requirement of access equipment for construction and infrastructure development projects. Smart city initiatives by regional governments will also push AWP rental market trends.
  • Boom lifts, subject to their flexibility, excellent performance on rough terrains, higher lift heights, versatility, and outstanding maneuverability, are used in numerous construction activities, propelling boom lifts AWP rental industry size.
  • Powered by the rising repair and maintenance activities on existing buildings and the strict norms related to human safety, North America will dominate AWP rental market over 2017-2024.
  • As per analysts, scissor lifts are gaining traction across AWP rental market in emerging economies, as they facilitate easy operationality due to their precision and large platform and offer much more safety than their traditional counterparts.

Haulotte Group, Loxam, Aktio Corporation, BlueLine Rental, Ashtead Group, and United Rentals are reportedly some of the most pivotal companies that comprise the highly fragmented competitive hierarchy of AWP rental market. These firms are working to deliver technologically advanced equipment and cleaner, advanced access platforms to increase fleet size.

About Author

Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

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