(MENAFN- America News Hour)
Research Nester recently published a report titled “UAE Aerial Work Platform Market Outlook: Industry Analysis & Opportunity Evaluation 2018-2027” which delivers detailed overview of the UAE Aerial Work Platform market in terms of market segmentation byproduct, power source, platform height, application and by countries.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The UAE aerial work platform market is significantly driven by the construction industry of the countries in UAE. As the demand for aerial work platform increases owing to application, the size of the UAE aerial work platform market holds amarket revenue of USD 285.34millionin 2018. Several key factors such as expansion of construction activities in the UAE can be attributed to the higher market demand due to demographic changes, supportive measures by the government and moderate increase in oil prices are anticipated to significantly drive the market. It is estimated to expand robustly at a CAGR of 3.46% over the forecast period, i.e., 2020-2027.
On the basis of geography, theUAE Aerial Work Platformmarket is segmented into Dubai, Abu Dhabi & Al Ain and Sharjah & Northern Emirates. The aerial work platformmarket in Dubaiwas estimated to hold highest market share (44.13%) in 2018, which can be attributed to the increasing number of construction projects owing the Construction EXPO to be held in 2020.
Get a PDF Sample for more detailed market insights:
Several factors such rental aerial work platforms are demanded highly on the back of the Middle East oil and gas industry along with the increase in the ongoing and upcoming infrastructure and construction projects. Factors such as lower administrative outflows and reduced maintenance associated with the renting of the equipment are expected to propel the growth of the rental aerial work platform market. Furthermore, the government strategies on the construction sector for affordable houses, is estimated to drive the market growth of aerial work platforms in the residential construction sector.
The UAE aerial work platform market has been segmented by product into boom lifts, scissor lifts, vertical mast lifts and personal portable lifts. Among these boom lifts segment is estimated to hold leading market share in 2018, attributed to easy work experience and high application in construction as compared to others. On the basis of power source, the market is segmented into diesel powered, electric and others. Out of which, the diesel powered segment holds the major share on the back of its cost effective factor. The platform height is segmented into less than 10.9 m, 11.0 to 20.9 meters, 21-30.9 meters and above 30.9 meters, among which 21-30.9meters is anticipated to hold the major share in the market owing to its high altitude reach where constructional works are also performed. The application sector is segmented into rental and non-rental, where rental aerial work platforms are expected to hold a high share on the account of reduced maintenance and lower administrative expenses.
For more information about this report visit:
The growth of the market may be impeded by a few limitations such as the lack of skilled technical expertise and operators along with high maintenance fees and repair costs associated with aerial work platforms,mighthamper the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the UAEaerial work platform market which includes company profiling of Haulotte Group, Terex Corporation, Oshkosh Corporation, Manlift, LOXAM, Safelift, Al Walid Equipment Rental , Quality Equipment Rental, Access Rental Gulf LLC, Ascend Scaffolding and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the UAE aerial work platform market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Access Full Report, here:
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]
Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.