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Aerial Work Platform Rental (AWP) Market to witness rapid progressions in North American, Global revenue to surpass $24 bn by 2024

Author : Rahul Varpe | Published Date : 2019-08-08 

The increasing number of fatal injuries across hazardous business domains has compelled government authorities to mandate utilization of these equipment, which would further boost the growth potential of Aerial Work Platform Rental (AWP) Market in the ensuing years. In fact, as per a research report by Global Market Insights, Inc., AWP rental market is forecast to exceed an impressive valuation of USD 24 billion by 2024.

Concurrently, various emerging economies world over have been allocating massive budgetary proceeds to construct mega-infrastructure projects including visionary smart cities, magnificent airports, and other industrial complexes. Subsequently, the successful execution of these gigantic projects rests upon numerous business verticals, of which AWP rental market is undoubtedly among the most crucial ones.

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Meanwhile, it has to be noted that acquiring minor and upcoming firms has emerged as one of the chief business augmentation strategies that is being adopted by prominent players in the AWP rental market lately. This change can be attributed to the rising tendency of renowned access platform makers to offer a wide range of services and equipment by leveraging the technologies developed by new entrants in the AWP rental industry. Boasting of a massive application base comprising transportation & logistics, construction, government, and telecommunication, evolving a consumer-centric approach has been the focal point of AWP rental industry participants.

AWP Rental Market, by Product:

  • Boom lift
  • Scissor lift
  • Vertical mast lift
  • Personnel portable lift

AWP Rental Market, by Application:

  • Construction
  • Telecommunication
  • Transportation & logistics
  • Government
  • Others

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Some of the players in the aerial work platform rental market comprise:

  • Herc Holdings
  • United Rentals
  • Loxam
  • Ashtead Group
  • Blueline Rentals
  • Riwal
  • Aktio Corporation
  • Kilotou
  • Haulotte Group
  • Nesco Rentals

United Rentals, Inc’s recent acquisition of Neff Corporation has sent out waves of anticipation across the rapidly expanding AWP rental market. The latest deal is reported to have been concluded at a striking USD 1.3 billion and was primarily funded via freshly issued unsecured debt. Apparently, this take over is in line with the US based company’s expansion strategy which aims to enhance its earthmoving capabilities in the crucial growth terrains of the global AWP rental industry.

Related News: https://medium.com/@vinayak.dxp/2019-2024-structural-insulation-panels-market-growth-statistics-by-regional-players-kingspan-16586cdd6136

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

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Email: [email protected]

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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