logo
logo
Sign in

Growth of Truck-Mounted Aerial Work Platform (AWP) Market: Industry Analysis and Forecasts 2019 to 2025

avatar
Geeta Desai
Growth of Truck-Mounted Aerial Work Platform (AWP) Market: Industry Analysis and Forecasts 2019 to 2025

An aerial work platform (AWP) is also commonly known as a man lift or lift. AWP refers to any machine that is used by people or equipment as access in hard-to-reach areas, which are too high to reach safely using other methods.

The increasing use of rental equipment is one of the primary factors fuelling market's growth. With the increasing cost, there is a rising preference towards renting equipment. The AWP equipment industry is capital-intensive and there is a need for huge funds for the acquisition and maintenance and operating equipment. Since building projects and maintenance activities require truck-mounted AWPs for a temporary period of time, end-users usually prefer renting the equipment than purchasing.

Request a Sample Report of This Market @ https://dataintelo.com/request-sample/?reportId=4393

The increasing height of wind turbine installations has induced several end-users opt for truck-mounted AWPs that have a higher reach capability. Owing to the increasing demand, the vendors have started launching several new products that will help them increase their revenue shares. For instance, TIME Manufacturing showcased its high-reaching VERSALIFT SKYBIRD T215I and VERSALIFT PHX 180 truck-mounted aerial lifts, as well as its new VST-7100-I articulating, telescopic lift.

Read More @ https://www.marketwatch.com/press-release/truck-mounted-aerial-work-platform-awp-market-size-by-service-share-forecast-2019---2025-2019-12-06

collect
0
avatar
Geeta Desai
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more