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    Aerial Work Platform Rental Market Report

    Aerial Work Platform Rental Market Report
    Report code - SRCE257 Delivery - 2 Weeks
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    Aerial Work Platform Rental Market Size, Share, Trend, Forecast, & Industry Analysis & See more...

    Impact of COVID-19 on Aerial Work Platform Rental Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aerial Work Platform Rental Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Aerial Work Platform Rental Market is likely to witness an impressive CAGR of 6.0% during the forecast period. Major factors such as growing infrastructure investments globally, increasing popularity of renting construction equipment owing to their offered advantages, such as avoidance of initial purchase costs, no depreciation cost, and need of less maintenance & repair cost are expected to fuel the growth of the aerial work platform rental market during the forecast period.

    Aerial Work Platform Rental Market – Snapshot

    Growth

    6.0% for the next five years

    Major Product Type

    Vertical Mast Lift

    Dominant Application Type

    Construction

    Region with the highest demand

    North America

    Key Players

    AFI Uplift Limited, Ahern Rentals, Inc., AJ Networks Co., Ltd., AKTIO Corporation, ALL Aerials, LLC, Ashtead Group plc, Awp Rental Company, Boels Rental, Fortrent, and H&E Equipment Services, Inc.

    Segments' Analysis

    Aerial-Work-Platform-Rental-Market-Dominant-Segments

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    Aerial Work Platform Rental Market Share: By Product Type

    Based on the product type, the market is segmented as boom lift, scissor lift, vertical mast lift, and personal portable lift. Vertical mast lift is estimated to account for the major share of the market during the forecast period owing to various advantages, such as simplicity of operation and availability of several working heights, offered by it. These lifts also offer a wide range of lifting heights and maneuverability and are basically designed to operate in narrow aisles and congested working environments.

    Aerial Work Platform Rental Market Share: By Application Type

    Based on the application type, the market is segmented as construction, telecommunication, transportation & logistics, government, and others. Construction is estimated to be the dominant application type during the forecast period, owing to changing preferences of construction companies toward AWP rental solutions to minimize the cost of overall construction project. In addition, growing spending in private sector for the development of urban infrastructure including schools, commercial buildings, and shopping malls is further expected to fuel the utilization of construction equipment, accelerating the growth of the market during the forecast period.

    Aerial Work Platform Rental Market Share: By Region

    In terms of regions, North America is estimated to be the largest as well as the fastest-growing region in the market owing to growing construction and telecommunication industries in the region during the forecast period. Further, increasing adoption of AWP rental solutions on account of growing awareness about operator’s safety in the U.S. construction sector, growing reconstruction and repair activities in the telecommunication sector across North America, and presence of various AWP rental service providers in the region are some of the major factors boosting the growth of the regional market over the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Aerial-Work-Platform-Rental-Market-By-Region

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    Market Scope & Segmentation

    Aerial work platform is basically a distinct type of mechanized access platform in which a mechanical device is used to provide temporary access for people or equipment to inaccessible areas, generally at a height.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Aerial Work Platform Rental Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The aerial work platform rental market is segmented into the following categories. 

    Aerial Work Platform Rental Market Size, Share, & Forecast, by Product Type:

    • Boom Lift (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Scissor Lift (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vertical Mast Lift (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Personal Portable Lift (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerial Work Platform Rental Market Size, Share, & Forecast, by Application Type:

    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Telecommunication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation & Logistics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Government (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerial Work Platform Rental Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Aerial-Work-Platform-Rental-Market-Segmentation

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    Key Players

    Some of the key players in the aerial work platform rental market are-

    • AFI Uplift Limited
    • Ahern Rentals, Inc.
    • AJ Networks Co., Ltd.
    • AKTIO Corporation
    • ALL Aerials, LLC
    • Ashtead Group plc
    • Awp Rental Company
    • Boels Rental
    • Fortrent
    • H&E Equipment Services, Inc

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The aerial work platform market is expected to witness an impressive growth of 6.0% CAGR in the foreseeable future.

    AFI Uplift Limited, Ahern Rentals, Inc., AJ Networks Co., Ltd., AKTIO Corporation, ALL Aerials, LLC, Ashtead Group plc, Awp Rental Company, Boels Rental, Fortrent, and H&E Equipment Services, Inc are among the key players in the Aerial Work Platform Rental Market.

    North America is expected to be the largest aerial work platform rental market during the next five years.

    Vertical mast lift is expected to account for the major share of the aerial work platform rental market in the coming years.

    Construction is expected to remain dominant in the aerial work platform rental market in the coming years.

    Growing infrastructure investments globally, increasing popularity of renting construction equipment owing to their offered advantages, such as avoidance of initial purchase costs, no depreciation cost, and need of less maintenance & repair cost are the factors driving the growth of aerial work platform rental market.

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