Aerial work platforms (AWPs) are mechanical tools that allow people and handling equipment to temporarily access difficult-to-reach places. Based on the platform height, there are many types of aerial work platforms that are utilized for mining, utilities, and construction purposes. The rise in construction activity in the UAE is driving up demand for aerial work platforms. Additional supporting government action is anticipated to fuel market expansion.
Aerial work platform rentals are in great demand due to a number of factors, including the Middle East's oil and gas industry as well as the expansion of current and planned infrastructure and building projects. The market for rental aerial work platforms is anticipated to develop as a result of factors including cheaper administrative costs and decreased maintenance costs related to renting the equipment. Aerial work platforms are expected to see a rise in demand in the residential construction sector as a result of government initiatives to promote the building of affordable homes.
As construction activity increases nationwide, there is a rising demand for AWP in the UAE. Additionally, it is anticipated that supporting government policies and regulations would fuel industry expansion. A significant factor that is projected to support market expansion over the forecast period is the rise in construction activity in the UAE. Additionally, an increase in market demand brought on by demographic shifts and government-supported initiatives might be linked to the rise of construction activity in the UAE. Additionally, the UAE government has launched a number of initiatives aimed at developing the nation's infrastructure. Such initiatives aim to forge a shared national vision for the UAE's infrastructure, which includes its roadways, housing stock, building industry, and urban design.
Additional factors that are anticipated to support the market growth for aerial work platforms in the UAE include lower administrative outlays, decreased maintenance associated with renting the equipment, and an increase in current and upcoming infrastructure and construction projects. Aerial work platforms have significant maintenance and repair costs, which may limit the market's ability to expand throughout the projection period. Another barrier is a shortage of competent technical experience and operators.
Due to the COVID-19 outbreak, there was either a partial or complete shutdown, which caused numerous production processes to fail. Additionally, the market's growth was adversely affected by the suspension of industrial operations, construction-related activities, and supply chain disruption. The top producers of revenue saw a significant decline. On the long term, the worldwide market is expected to benefit from the COVID-19 pandemic. The need for aerial work platforms has reportedly continued to increase and is expected to increase further. The process of the market's long-term expansion is also predicted to be held by technologically advanced items and research-related activities.
UAE Aerial Work Platform Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Access Rental Gulf, Al Walid Equipment Rental, Ascend Scaffolding, Haulotte Group, LOXAM, Manlift, Oskosh Corporation, Quality Equipment Rental, Safelift, Terex Corporation.
UAE Aerial Work Platform Market Segmentation:
By Product: Based on the Product, UAE Aerial Work Platform Market is segmented as; Boom Lifts, Personal Portable Lifts, Scissor Lifts, Vertical Mast Lifts.
By Power Source: Based on the Power Source, UAE Aerial Work Platform Market is segmented as; Diesel-powered, Electric, Others.
By Platform Height: Based on the Platform Height, UAE Aerial Work Platform Market is segmented as; Less than 10.9 meters, 11-20.9 meters, 21-30.9 meters, above 30.9 meters.
By Application: Based on the Application, UAE Aerial Work Platform Market is segmented as; Non-Rental, Rental.
By Region: The UAE Aerial Work Platform market is divided into Sharjah & Northern Emirates, Abu Dhabi & Al Ain, and Dubai on the basis of geography. The biggest market share was predicted for the aerial work platform market in Dubai, which can be ascribed to the rise in construction projects as a result of the Construction EXPO.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.