MEWP Rental Market to Surpass €20.5 Billion by 2024
SELBYVILLE, Del., Aug. 22, 2018 /PRNewswire-iReach/ — Major AWP rental market players have been focusing on launching advanced access platforms owing to the massive increase in residential and commercial construction projects across the globe. Moreover, the enormous rise in infrastructural investments in the public sector has compelled industry participants to manufacture value-added and customized products.
A testament to the bright growth prospects of AWP/MEWP rental market is the research report by Global Market Insights, Inc., which claims that the overall remuneration portfolio of this business space would surpass USD 24 billion by 2024 with 4% annual growth rate from 2017 to 2024.
Enlisted below are a few instances of the launch of ground breaking products in AWP rental market:
The leading UK-headquartered aerial based platforms manufacturer, Snorkel has recently showcased its unique A46JRT boom lift at the International Construction and Utility Equipment Exposition show in the US. Apparently, the latest boom lift comes with a special package of features which are specifically designed for the utility sector. Furthermore, the new boom lift is equipped with a 2kW AC generator, a Kubota V1505 diesel engine, Snorkel Guard secondary guarding system, a 5 feet aluminum platform with a swing gate, and two grounding loops.
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Regarded as a global leader in MEWP rental market, GMG Inc. has been reported to roll out numerous high-grade boom and scissor lifts this year. The first among them would be the 1330-ED micro scissor lift that would weigh only 1,892 pounds but is said to offer the spaciousness of a slide-out extension deck, all-electric drive, and a strong platform capacity of 530 pounds. Needless to say, the soon-to-be-launched micro scissor lift appears to have been manufactured with the objective of aligning with the evolving requirements of the construction sector.
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 market. 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 MEWP rental market share expansion across the nations in the North American region.
Buy this industry insights spread across 219 pages with 122 market data tables & 55 figures & charts from the report, “(Aerial Work Platform) AWP Rental Market Size By Product (Boom Lift, Scissor Lift, Vertical Mast Lift, Personnel Portable Lift), By Application (Construction, Telecommunication, Transportation & Logistics, Government), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 – 2024″ in detail along with the table of contents:
Thriving on a massive application base comprising construction, transportation & logistics, government, and telecommunication, MEWP rental market share has witnessed commendable upswing over the past few years. With the ever-evolving needs of the aforementioned business verticals, MEWP rental market participants have evidently focused on developing progressive aerial work platforms. For instance, the US based access equipment provider GMG Inc. has recently declared to launch numerous high-grade scissor and boom lifts this year. Evolving a consumer-centric approach, the renowned MEWP rental market giant would roll out 1330-ED micro scissor lift that weighs a mere 1,892 pounds.
At the recently concluded International Construction and Utility Equipment Exposition show in the USA, the leading MEWP rental market player Snorkel showcased its novel A46JRT boom lift. Reportedly, the latest boom lift has been equipped with a Kubota V1505 diesel engine, two grounding loops, 2kW AC generator, a 5 feet aluminum platform with a swing gate, and an advanced Snorkel Guard secondary guarding system. Apparently, it must be noted that A46JRT boom lift indeed comes with an exceptional package of features which are precisely fabricated for the utility sector. Needless to mention, the launch of such cutting-edge platforms would undeniably benefit the overall U.S. MEWP rental market in the ensuing years.
Some of the major key players in 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, Nesco Rentals, Ahern Rentals, Inc., Aichi Corporation, AJ Networks Co., All Aerials, LLC, AWP Rental Company, Boels Rental, Cramo PLC, Fortrent, H&E Equipment Services, Hinkel Equipment Rental Associates, Home Depot Product Authority LLC, Lizzy Lift, Inc., LTech, MacAllister Rentals, Manlift Group, Mtandt Rentals Limited, Pekkaniska Oy, Ramirent, Shanghai Hongxin Equipment Engineering Co. and Unirent LLC, etc.
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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SOURCE Global Market Insights, Inc.