The global market of the aerial work platform rental (AWP) has uninterruptedly increasing with an active growth rate in the present era. Whereas, the aerial work platform rental is a mechanical device which efficiently utilized to deliver the temporary access for the individual or the equipment to inaccessible locations, usually at the height. They are structured to lift the restricted weights, usually less than a ton, although some have an extraordinary safe working load, distinctive them from most variations of the cranes. The companies in the worldwide market of aerial work platform rental are playing an important role for increasing the value of revenue, decreasing the cost of work and delivering the better consumer satisfaction which further become profitable for increasing the demand and leading the fastest market growth during the reviewed period more positively.
According to the report analysis, ‘Global Aerial Work Platform Rental (AWP) Market Size study, by Type (Boom Lifts, Scissor Lifts, Vertical Mast Lifts, Personnel Portable Lifts), by Application (Construction, Telecommunication, Transportation & Logistics, Government, Others) and Regional Forecasts 2018-2025’ states that in the worldwide aerial work platform rental market, there are several corporates which presently functioning more enormously for leading the highest market growth and registering the foremost value of market share across the globe in the forecasted period while increasing the applications, develop the productivity of the product and services, spreading the awareness related to the equipment and increment of the trained workforce includes AFI Uplift, Ahern Rentals, Aichi Corporation, AJ Networks, Aktio Corporation, All Aerials, Ashtead Group, AWP Rental Company, Blueline Rental, Boels Rental, Cramo, Fortrent and several others.
The effective rise in the construction of residential and commercial buildings, increasing the government investments in construction of stadiums, airports & several other buildings and augmenting the urbanization and protection concerns are the substantial drivers of the market around the globe. Besides this, such equipment are commonly employed in the factories & manufacturing plants for material handling presentations and for conservation & installation of telecom poles, overhead lines, transformers, street lights, & power cables, and several other linked infrastructure, which are likely to foster the requirement among the end users in the coming future. Moreover, they are commonly utilized for the temporary, flexible access determinations such as conservation and the construction work or by firefighters for emergency access, which discriminates them from permanent admittance equipment such as elevators, which also boosting the requirement of these equipment in the imminent years. However, nonexistence of awareness related to the equipment and deficiencies of the trained workforce to operate equipment are the preventive factors of the market across the world.
Sideways, on the basis of region, the market of aerial work platform rental (AWP) is spread across the globe such as Asia Pacific, North America, Europe, Latin America and Rest of the World. While the Asia-Pacific region is the leading/significant economy across the globe in the terms of market share owing to increasing number of the infrastructure projects in the region. Europe also underwrites a satisfactory growth in the global Aerial Work Platform Rental (AWP) market. North America is also projected to exhibit higher growth rate / CAGR over the forecast period of 2018-2025. Therefore, in the near years, it is anticipated that the market of aerial work platform will increase around the globe over the near years.
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Ankur Gupta, Head Marketing & Communications