Global Aerial Work Platform Rental (AWP) Industry to reach USD XX billion by 2025.
Global Aerial Work Platform Rental (AWP) Industry valued approximately USD 15.8 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.21% over the forecast period 2019-2025. The Aerial Work Platform Rental (AWP) Industry is continuously growing across the world over the coming years. AWP is a mechanical device used to provide temporary access for people or equipment to inaccessible areas, usually at height. They are designed to lift limited weights, usually less than a ton, although some have a higher safe working load, distinguishing them from most types of cranes. Rise in construction of residential and commercial buildings, growing government investments in construction of stadiums, airports & other buildings and growing urbanization and safety concerns are the substantial drivers of the Industry across the globe. Besides this, these equipment 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 among the end users in the near future. Moreover, they are generally used for temporary, flexible access purposes such as maintenance and construction work or by firefighters for emergency access, which distinguishes them from permanent access equipment such as elevators, which also propelling the demand of these equipment in the upcoming years. However, lack of awareness about the equipment and shortages of trained workforce to operate equipment are the restraining factors of the Industry across the world.
The regional analysis of Global Aerial Work Platform Rental (AWP) Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of Industry share owing to growing number of infrastructure projects in the region. Europe also contributes a satisfactory growth in the global Aerial Work Platform Rental (AWP) Industry. North America is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025.
Aerial Work Platform Rental (AWP) Industry Share and Size by 2019-2025
Aerial Work Platform Rental (AWP) Market Segmentation:
* Boom Lifts
* Scissor Lifts
* Vertical Mast Lifts
* Personnel Portable Lifts
* Transportation & Logistics
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Aerial Work Platform Rental (AWP) Market are as follows:
Akti - Corporation
AWP Rental Company