MEWP rental market rising

By Joe Malone23 March 2018

The mobile elevated work platform (MEWP) rental market is set to reach US$24 billion (€19.5 billion) by 2024, driven by commercial and residential construction projects.

Mewp market

The forecast, revealed by Global Market Insights, will also be influenced by the rise in investments in public infrastructure worldwide, the company said.

It said that government administration in several emerging economies had renewed their focus on the development of urban infrastructure projects, such as airport developments and smart cities. Growing safety concerns in workplaces will also increase demand for MEWPs.

The dominant market for MEWPs will be North America, said Global Market Insights, as a result of repair and maintenance of existing structures, as well as the rapid development of the construction industry.

The key reports on the MEWP market are published by the International Powered Access Federation (IPAF), whose 2018 reports for Europe and North America will be published very soon and will be featured in Access International magazine.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Access International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Loxam accelerates environmental shift
Equipment rental company aims to halve direct emissions by 2030 and cut indirect emissions by 30%
10 ways to join the hydrogen power revolution
Interest in the use of hydrogen has soared over the past few years as the construction industry races to reduce its carbon footprint. We roundup some recent initiatives
Sinoboom agrees TVH deal
Deal will see parts and service supplied to all Sinoboom’s geographical operations.
CONNECT WITH THE TEAM
Euan Youdale Editor, Access International Tel: +44 (0)1892 786 214 E-mail: euan.youdale@khl.com
Ollie Hodges Sales Manager Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
CONNECT WITH SOCIAL MEDIA