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Market Research Report

South Korea Aerial Work Platform Rental Market Size By Product, By Application, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025

Published by Global Market Insights Inc. Product code 862146
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South Korea Aerial Work Platform Rental Market Size By Product, By Application, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025
Published: May 6, 2019 Content info: 94 Pages
Description

Title:
South Korea Aerial Work Platform (AWP) Rental Market Size By Product (Boom Lift, Scissor Lift, Vertical Mast Lift, Personal Portable Lift), By Application (Construction, Telecommunication, Transportation & Logistics, Government), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025.

South Korea AWP Rental Market is expected to exceed USD 350 million by 2025. The increasing need for infrastructure inspection and maintenance of high-rise establishments are anticipated to drive the South Korea AWP rental market growth. Reconstruction activities in the country are on the rise following a number of natural calamities such as landslides, winter storms, floods, and tsunamis. Recovery from such natural disasters coupled with the increasing efforts to address the aging infrastructure is leading to high utilization rates of the equipment. Moreover, several conflicts with neighboring countries such as North Korea and war devastations are encouraging reconstruction projects adding up to the industry growth prospects.

The South Korea AWP rental market is matured in terms of utilization, awareness, and the significance of the equipment. The growth prospects are optimistic with the increasing demand and profitability of companies operating in the rental marketplace. The demand for AWPs is growing, mostly driven by the strong demand from the infrastructure sector as well as manufacturing & warehousing facilities for the maintenance of existing infrastructures. Major customers for rental providers include Samsung Display, Samsung Electro-Mechanics, LG, Hyundai Heavy Industries, etc., that utilize this equipment for maintenance works. Rental operators in the South Korea AWP rental market continue to hope for increasing rental rates with the procurement of new machines as the utilization rate is increasing year-on-year.

The access platforms provide a reliable and safe way to access energized overhead power lines, making them a suitable choice for use in government applications in the South Korea AWP Rental Market. Companies are working on incorporating remote control systems into AWPs, which will further escalate market growth. Government initiatives for providing power, water, and other utilities to all the South Korean regions are supporting heavy investments in infrastructure development and installments. Furthermore, the constant maintenance of these facilities and power lines requires aerial lifts to reach inaccessible & highly elevated locations. The government has also largely invested in the construction of buildings, roadways, and transportation points to advance the infrastructure of the country and provide better facilities for the local population, creating several opportunities for South Korea AWP rental market growth.

The South Korea AWP rental market comprises several companies including Prince Lift, AJ Networks, YK Construction Equipment, Korea Rental Corporation, etc. Rental operators continue to hope for increasing rental rates with the procurement of new machines as the utilization rate is increasing year-on-year. Companies are increasingly focusing on enhancing their fleet size. In September 2018, YK Construction Equipment signed a deal with Snorkel and invested in an order of 142 scissor lifts. The order included 42 electric slab scissor lifts and 100 electric scissor lifts.

Table of Contents
Product Code: 3298

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Definitions & forecast parameters
    • 1.1.1. Definitions
    • 1.1.2. Methodology and forecast parameters
  • 1.2. Data Sources
    • 1.2.1. Secondary
    • 1.2.2. Primary

Chapter 2. Executive Summary

  • 2.1. South Korea AWP rental industry 360 degree synopsis, 2015 - 2025
    • 2.1.1. Business trends
    • 2.1.2. Product trends
    • 2.1.3. Application trends

Chapter 3. South Korea AWP Rental Industry Insights

  • 3.1. Industry segmentation
  • 3.2. Industry landscape, 2015 - 2025
    • 3.2.1. Rental landscape
      • 3.2.1.1. Pros and cons - rent vs purchase AWPs
      • 3.2.1.2. Cost calculator - rent vs purchase AWPs
  • 3.3. Industry ecosystem analysis
    • 3.3.1. Component suppliers
    • 3.3.2. Manufacturers
    • 3.3.3. Distribution channel analysis
    • 3.3.4. End-use landscape
    • 3.3.5. Vendor matrix
  • 3.4. Technology & innovation landscape
  • 3.5. Regulatory landscape
      • 3.5.1.1. OSHA 29 CFR 1926.21
      • 3.5.1.2. ANSI/SAIA A92.2-2015
      • 3.5.1.3. ANSI/SAIA A92.5-2006 (R2014)
      • 3.5.1.4. ISO 4310
      • 3.5.1.5. ISO 12480-1
      • 3.5.1.6. ISO 23815-1
      • 3.5.1.7. ISO 12482
      • 3.5.1.8. Construction Technology Promotion Act
      • 3.5.1.9. Construction Machinery Management Act
  • 3.6. Industry impact forces
    • 3.6.1. Growth drivers
      • 3.6.1.1. Increasing infrastructure investments in the country
      • 3.6.1.2. Increasing rate of urbanization
      • 3.6.1.3. Growing demand for AWPs
      • 3.6.1.4. Growing reconstruction and maintenance activities
    • 3.6.2. Industry pitfalls & challenges
      • 3.6.2.1. Optimizing fleet utilization
      • 3.6.2.2. Lack of awareness
  • 3.7. Rental rates, by product
    • 3.7.1. Boom lift
    • 3.7.2. Scissor lift
    • 3.7.3. Vertical mast lift
    • 3.7.4. Personal portable lift
  • 3.8. Rental utilization rate, by product, 2015 - 2025
    • 3.8.1. Boom lift
    • 3.8.2. Scissor lift
    • 3.8.3. Vertical mast lift
    • 3.8.4. Personal portable lift
  • 3.9. Growth potential analysis
  • 3.10. Porter's analysis
    • 3.10.1. Supplier power
    • 3.10.2. Buyer power
    • 3.10.3. Threat of new entrants
    • 3.10.4. Threat of substitutes
    • 3.10.5. Internal rivalry
  • 3.11. Competitive landscape, 2018
    • 3.11.1. Company market share analysis, by revenue, 2018
    • 3.11.2. Company market share analysis, by fleet size, 2018
    • 3.11.3. Strategic dashboard
  • 3.12. PESTEL analysis

Chapter 4. South Korea AWP Rental Market, By Product (Revenue & Fleet Size)

  • 4.1. Key trends by product
  • 4.2. Boom lifts
    • 4.2.1. Market estimates and forecast, by revenue, 2015 - 2025
    • 4.2.2. Market estimates and forecast, by fleet size, 2015 - 2025
  • 4.3. Scissor lifts
    • 4.3.1. Market estimates and forecast, by revenue, 2015 - 2025
    • 4.3.2. Market estimates and forecast, by fleet size, 2015 - 2025
  • 4.4. Vertical mast lifts
    • 4.4.1. Market estimates and forecast, by revenue, 2015 - 2025
    • 4.4.2. Market estimates and forecast, by fleet size, 2015 - 2025
  • 4.5. Personal potable lifts
    • 4.5.1. Market estimates and forecast, by revenue, 2015 - 2025
    • 4.5.2. Market estimates and forecast, by fleet size, 2015 - 2025

Chapter 5. South Korea AWP Rental Market, By Application (Revenue & Fleet Size)

  • 5.1. Key trends by application
  • 5.2. Construction
    • 5.2.1. Market estimates and forecast, by revenue, 2015 - 2025
    • 5.2.2. Market estimates and forecast, by fleet size, 2015 - 2025
  • 5.3. Telecommunication
    • 5.3.1. Market estimates and forecast, by revenue, 2015 - 2025
    • 5.3.2. Market estimates and forecast, by fleet size, 2015 - 2025
  • 5.4. Transportation & logistics
    • 5.4.1. Market estimates and forecast, by revenue, 2015 - 2025
    • 5.4.2. Market estimates and forecast, by fleet size, 2015 - 2025
  • 5.5. Government
    • 5.5.1. Market estimates and forecast, by revenue, 2015 - 2025
    • 5.5.2. Market estimates and forecast, by fleet size, 2015 - 2025
  • 5.6. Others
    • 5.6.1. Market estimates and forecast, by revenue, 2015 - 2025
    • 5.6.2. Market estimates and forecast, by fleet size, 2015 - 2025

Chapter 6. Company Profiles

  • 6.1. AJ Networks Co., Ltd.
    • 6.1.1. Business Overview
    • 6.1.2. Financial Data
    • 6.1.3. Product Landscape
    • 6.1.4. Strategic Outlook
    • 6.1.5. SWOT Analysis
  • 6.2. Haulotte Group
    • 6.2.1. Business Overview
    • 6.2.2. Financial Data
    • 6.2.3. Product Landscape
    • 6.2.4. Strategic Outlook
    • 6.2.5. SWOT Analysis
  • 6.3. Horyong Co. Ltd.
    • 6.3.1. Business Overview
    • 6.3.2. Financial Data
    • 6.3.3. Product Landscape
    • 6.3.4. Strategic Outlook
    • 6.3.5. SWOT Analysis
  • 6.4. JLG Industries
    • 6.4.1. Business Overview
    • 6.4.2. Financial Data
    • 6.4.3. Product Landscape
    • 6.4.4. Strategic Outlook
    • 6.4.5. SWOT Analysis
  • 6.5. Korea Rental Corporation
    • 6.5.1. Business Overview
    • 6.5.2. Financial Data
    • 6.5.3. Product Landscape
    • 6.5.4. Strategic Outlook
    • 6.5.5. SWOT Analysis
  • 6.6. Manitou
    • 6.6.1. Business Overview
    • 6.6.2. Financial Data
    • 6.6.3. Product Landscape
    • 6.6.4. Strategic Outlook
    • 6.6.5. SWOT Analysis
  • 6.7. Skyjack
    • 6.7.1. Business Overview
    • 6.7.2. Financial Data
    • 6.7.3. Product Landscape
    • 6.7.4. Strategic Outlook
    • 6.7.5. SWOT Analysis
  • 6.8. Terex Corporation (Genie)
    • 6.8.1. Business Overview
    • 6.8.2. Financial Data
    • 6.8.3. Product Landscape
    • 6.8.4. Strategic Outlook
    • 6.8.5. SWOT Analysis

Data Tables

  • TABLE 1. South Korea AWP rental market 360 degree synopsis, 2015 - 2025
  • TABLE 2. South Korea AWP rental market forecast, 2019 - 2025 (USD Million)
  • TABLE 3. South Korea AWP rental market estimates, 2015 - 2018 (Units)
  • TABLE 4. South Korea AWP rental market forecast, 2019 - 2025 (Units)
  • TABLE 5. South Korea AWP rental market, by product, 2015 - 2018 (USD Million)
  • TABLE 6. South Korea AWP rental market, by product, 2019 - 2025 (USD Million)
  • TABLE 7. South Korea AWP rental market, by product, 2015 - 2018 (Units)
  • TABLE 8. South Korea AWP rental market, by product, 2019 - 2025 (Units)
  • TABLE 9. South Korea AWP rental utilization rate, by product, 2015 - 2018 (%)
  • TABLE 10. South Korea AWP rental utilization rate, by product, 2019 - 2025 (%)
  • TABLE 11. South Korea AWP rental market, by application, 2015 - 2018 (USD Million)
  • TABLE 12. South Korea AWP rental market, by application, 2018 - 2025 (USD Million)
  • TABLE 13. South Korea AWP rental market, by application, 2015 - 2018 (Units)
  • TABLE 14. South Korea AWP rental market, by application, 2018 - 2025 (Units)
  • TABLE 15. Pros and cons - rent vs purchase AWPs
  • TABLE 16. Cost calculator - rent vs purchase AWPs
  • TABLE 17. Vendor matrix
  • TABLE 18. Industry impact forces
  • TABLE 19. World Bank Doing Business Rankings, 2018
  • TABLE 20. Boom lift market size, 2015 - 2018 (USD Million)
  • TABLE 21. Boom lift market size, 2019 - 2025 (USD Million)
  • TABLE 22. Boom lift market size, 2015 - 2018 (Units)
  • TABLE 23. Boom lift market size, 2019 - 2025 (Units)
  • TABLE 24. Scissor lift market size, 2015 - 2018 (USD Million)
  • TABLE 25. Boom lift market size, 2019 - 2025 (USD Million)
  • TABLE 26. Scissor lift market size, 2015 - 2018 (Units)
  • TABLE 27. Scissor lift market size, 2019 - 2025 (Units)
  • TABLE 28. Vertical mast lift market size, 2015 - 2018 (USD Million)
  • TABLE 29. Vertical mast lift market size, 2019 - 2025 (USD Million)
  • TABLE 30. Vertical mast lift market size, 2015 - 2018 (Units)
  • TABLE 31. Vertical mast lift market size, 2019 - 2025 (Units)
  • TABLE 32. Personal portable lift market size, 2015 - 2018 (USD Million)
  • TABLE 33. Personal portable lift market size, 2019 - 2025 (USD Million)
  • TABLE 34. Personal portable lift market size, 2015 - 2018 (Units)
  • TABLE 35. Personal portable lift market size, 2019 - 2025 (Units)
  • TABLE 36. Boom lift market size, 2015 - 2018 (%)
  • TABLE 37. Boom lift market size, 2019 - 2025 (%)
  • TABLE 38. Scissor lift market size, 2015 - 2018 (%)
  • TABLE 39. Scissor lift market size, 2019 - 2025 (%)
  • TABLE 40. Vertical mast lift market size, 2015 - 2018 (%)
  • TABLE 41. Vertical mast lift market size, 2019 - 2025 (%)
  • TABLE 42. Personal portable lift market size, 2015 - 2018 (%)
  • TABLE 43. Personal portable lift market size, 2019 - 2025 (%)
  • TABLE 44. Construction market size, 2015 - 2018 (USD Million)
  • TABLE 45. Construction market size, 2019 - 2025 (USD Million)
  • TABLE 46. Construction market size, 2015 - 2018 (Units)
  • TABLE 47. Construction market size, 2019 - 2025 (Units)
  • TABLE 48. Telecommunication market size, 2015 - 2018 (USD Million)
  • TABLE 49. Telecommunication market size, 2019 - 2025 (USD Million)
  • TABLE 50. Telecommunication market size, 2015 - 2018 (Units)
  • TABLE 51. Telecommunication market size, 2019 - 2025 (Units)
  • TABLE 52. Transportation & logistics market size, 2015 - 2018 (USD Million)
  • TABLE 53. Transportation & logistics market size, 2019 - 2025 (USD Million)
  • TABLE 54. Transportation & logistics market size, 2015 - 2018 (Units)
  • TABLE 55. Transportation & logistics market size, 2019 - 2025 (Units)
  • TABLE 56. Government market size, 2015 - 2018 (USD Million)
  • TABLE 57. Government market size, 2019 - 2025 (USD Million)
  • TABLE 58. Government market size, 2015 - 2018 (Units)
  • TABLE 59. Government market size, 2019 - 2025 (Units)
  • TABLE 60. Others market size, 2015 - 2018 (USD Million)
  • TABLE 61. Others market size, 2019 - 2025 (USD Million)
  • TABLE 62. Others market size, 2015 - 2018 (Units)
  • TABLE 63. Others market size, 2019 - 2025 (Units)

Charts & Figures

  • FIG. 1 Industry segmentation
  • FIG. 2 South Korea AWP rental market, 2015 - 2025 (USD Million)
  • FIG. 3 Industry ecosystem analysis
  • FIG. 4 Growth potential analysis
  • FIG. 5 Porter's analysis
  • FIG. 6 Company market share analysis, by revenue, 2018
  • FIG. 7 Company market share analysis, by fleet size, 2018
  • FIG. 8 PESTEL analysis
  • FIG. 9 SWOT Analysis, AJ Networks Co., Ltd.
  • FIG. 10 SWOT Analysis, Haulotte Group
  • FIG. 11 SWOT Analysis, Horyong Co. Ltd.
  • FIG. 12 SWOT Analysis, JLG Industries
  • FIG. 13 SWOT Analysis, Korea Rental Corporation
  • FIG. 14 SWOT Analysis, Manitou
  • FIG. 15 SWOT Analysis, Skyjack
  • FIG. 16 SWOT Analysis, Terex Corporation
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