According to the recent study titled ‘(AWP) Aerial Work Platform Rental Market Size By Product By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2020 - 2026’, available with Market Study Report, global (AWP) aerial work platform rental market is projected to register substantial growth over 2020-2026.
 

Based on the findings of the study, global (AWP) aerial work platform rental market is primarily driven by growing demand for advanced lifting equipment for maintenance & repair applications. Further, cost effectiveness and easy usability of the device owing to its lightweight and compact form are encouraging the product deployment in various settings such as warehouses, school and churches, among others.
 

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For those unfamiliar, AWP, also known as an elevated work platform, is a mechanical device used for lifting people/equipment to inaccessible areas at height for maintenance or cleaning of building walls/glass or for construction purpose. In the construction sector, tracked aerial platforms and rough terrain air platforms are the prominently used equipment for working at elevated heights in almost all kinds of environment. It is also used by firefighters to extinguish fire during emergencies.
 

Renting of AWP is likely to pick up pace as rental organizations offer services package comprising of training for operating the equipment and maintaining its safety, as well as maintenance with original equipment spare parts..
 

Despite the positive outlook of global (AWP) aerial work platform rental market, challenges such as optimizing fleet utilization, lack of awareness and skilled professionals, and halt of construction activities due to the COVID-19 pandemic will negatively impact the industry growth over the forecast period.
 

Based on the product type, global aerial work platform rental market is categorized into the following vertical mast lift, personal portable lift, boom lifts, and scissor lift. The personal portable lift segment is estimated to record a CAGR of 3% over evaluation period, supported by rising demand for reliable and safe lifting solutions, cites the study. These lifts can be easily assembled in few minutes, are highly portable and even possess a convenient tool tray. Additionally, this product offers higher safety in plant & facility maintenance projects.
 

Based on application spectrum, the market split into construction, government, transportation & logistics, telecommunication, and others. The government segment will witness strong growth owing to the escalating demand for advanced lifting equipment.
 

As per the regional analysis, global aerial work platform rental market is partitioned into North America (US, Canada), Europe (UK, France, Germany, Italy, Russia), Asia Pacific (China, India, South Korea, Japan), Latin America (Brazil, Mexico), and MEA (UAE, Saudi Arabia, South Africa). As per the report, growing inclination towards renting various construction equipment will boost the growth of North America market. Whereas, proliferating number of construction activities is augmenting the demand for AWPs in Latin America.
 

Meanwhile, APAC aerial work platform rental market is driven by several factors like rapidly developing infrastructure, increasing urbanization, growing concerns regarding worker safety, and increase in reconstruction & maintenance activities in the region.
 

Key players operating in worldwide  aerial work platform rental market are Ahern Rentals, Inc., AFI Uplift Ltd., AJ Networks Co., Ltd., All Aerials, LLC, Aktio Corp., Ashtead Group, Boels Rental, AWP Rental Company, Cramo PLC, H&E Equipment Services, Fortrent, Haulotte Group, Hinkel Equipment Rental Associates, and  Herc Holdings, Inc. among others.