Market Research Report
Global Aerial Work Platform Rental Market Size study, by Type, by Application and Regional Forecasts 2019-2026
|Published by||Bizwit Research & Consulting LLP||Product code||799099|
Delivery time: 2-3 business days
|Global Aerial Work Platform Rental Market Size study, by Type, by Application and Regional Forecasts 2019-2026|
|Published: February 4, 2020||Content info:||
Global Aerial Work Platform Rental Market is valued approximately at USD 16.47 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.21% over the forecast period 2019-2026. Aerial work platform rentals are the lift systems that can be rented for fulfilling several utilities in construction & building maintenance, social events, telecommunication, transportation, logistics, government and other sectors. Installing and repairing ductwork, installing structural features at height and high up wiring are some of the major applications of the aerial work platform in the construction and building maintenance industry. The market growth is primarily driven by rise in construction of residential and commercial buildings. Additionally, growing government investments in construction of stadiums, airports and other buildings are boosting the growth of the market. For instance: Indian government has planned to invest USD 14 billion in construction of 100 new airports across the country by 2024. Additionally, this systems are widely employed in factories & manufacturing plants for material handling applications and for maintenance & installation of telecom poles, overhead lines, transformers, street lights, & power cables, and other associated infrastructure, which are likely to propel the demand for these equipment in the near future. However, lack of awareness and shortages of trained workforce to operate equipment are expected to hamper the market growth.
The regional analysis of global Aerial Work Platform Rental Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of rental equipment use and rising adoption of modern technology. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Rapid urbanization in India and China and rising awareness about the rental equipment use are some of the factors responsible for high CAGR of the aerial work platform market in the Asia pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: