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AWP Rental Market 2019 Analysis by Future Trend and Growth Opportunities to 2024

Author : Rahul Varpe | Published Date : 2019-09-04 

The data in AWP Rental Market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others.  The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the AWP Rental industry including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research.

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With extensive maintenance and repair activities revamping existing transformers & power cables, street lights, fire stations, and other associated infrastructure, North America is projected to heavily influence growth prospects of AWP rental industry. Speaking of which, the firms offering rental equipment in this region have been mandated by regulatory authorities to strictly adhere to human safety concerns. This has, in consequence, fueled the AWP rental market share expansion across the nations in the North American region.

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 AWP rental industry 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.

AWP Rental Market, by Product:

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

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AWP Rental Market, by Application:

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

Key players operating in the AWP rental market include Ashtead Group, United Rentals, Herc Holdings, Loxam, Blueline Rentals, Aktio Corporation, Haulotte Group, Riwal, AFI Uplift Ltd., Kilotou, Sunstate Equipment Company and Nesco Rentals.

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.

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Owing to the massive increase in residential and commercial construction projects across the globe, major AWP rental market players have been focusing on launching advanced access platforms. Moreover, the enormous rise in infrastructural investments in the public sector has compelled industry participants to manufacture value-added and customized products.

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://www.marketwatch.com/press-release/asphalt-mixing-plants-market-2019-study-by-application-products-and-regional-outlook-to-2024-2019-09-04

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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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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