Aerial Work Platform Rental(AWP) Market was valued at USD 5.1 Billion in 2022 and is projected to reach USD 8.3 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
Looking forward, the AWP market from 2023 to 2033 is expected to see an even greater surge in demand. With technological advancements driving new innovations in AWP models, such as improved fuel efficiency, better maneuverability, and enhanced safety features, the market is poised for continued growth. Sectors such as construction, utilities, and telecommunications are expected to drive demand as these industries increasingly turn to AWPs for aerial access. The rise in infrastructure projects, especially in developing countries, will also continue to contribute to the heightened demand for aerial work platforms. These sectors are projected to demand more energy-efficient and environmentally friendly AWPs, which will further fuel the rental market, with a shift towards hybrid and electric-powered units gaining traction.
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The Aerial Work Platform (AWP) rental market has witnessed significant growth from 2018 to 2022, driven by expanding construction activities, technological advancements, and increasing adoption across industries requiring elevated workspaces. As a result, the demand for aerial work platforms in construction, maintenance, and other industrial sectors has surged globally. With industries transitioning towards more efficient and cost-effective machinery, AWP rental services have become an essential part of daily operations for companies involved in infrastructure projects, equipment maintenance, and other related activities. The key driving forces behind this growth have been the growing need for safe work environments, improved machinery, and the shift towards rental models due to their financial flexibility and low capital expenditure.
AFI Uplift
Ahern Rentals
Aichi Corporation
AJ Networks
Aktio Corporation
All Aerials
Ashtead Group
AWP Rental Company
Blueline Rental
Boels Rental
Cramo
Fortrent
H&E Equipmentrvices
Haulotte Group
Herc Holdings (Herc Rentals)
Hinkel Equipment Rental Associates
Home Depot Product Authority
Kiloutou
Lizzy Lift
Loxam Group
Ltech
MacAllister Rentals
Manlift Group
Mtandt Rentals
Nesco Rentals (Nesco)
Pekkaniska Oy
Ramirent
Ohers
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aerial Work Platform Rental(AWP) Market
Construction
Tel Ecommunication
Transportation and Logistics
Government
Others
Based on Types the Market is categorized into Below types that held the largest Aerial Work Platform Rental(AWP) market share In 2023.
Boom Lifts
Scissor Lifts
Vertical Mast Lifts
Personnel Portable Lifts
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aerial Work Platform Rental(AWP) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aerial Work Platform Rental(AWP) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aerial Work Platform Rental(AWP) Market, By Type
6. Global Aerial Work Platform Rental(AWP) Market, By Application
7. Global Aerial Work Platform Rental(AWP) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Aerial Work Platform Rental(AWP) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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