Executive Summary
Azoth Analytics has released a research report titled "United States MEWP Market (2024 Edition)" which provides a complete analysis of the United States MEWP industry in terms of market segmentation By Product Type (Boom Lifts, Scissor Lifts and Vertical Mast Lift), By Propulsion (Engine-powered, Electric and Hybrid), By Height (< 10 Meters, 10 to 20 Meters and >20 Meters) and By End-User (Municipal and Industrial, Construction & Mining, Transportation and Logistics, Manufacturing and Others End-Users) for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.
The United States MEWP market showcased growth at a CAGR of 8.45% during 2020-2023. The market was valued at USD 566.13 Million in 2023 which is expected to reach USD 1054.22 Million in 2030. The United States has been experiencing a significant construction boom in recent years, driven by population growth, urbanization, and demand for residential, commercial, and industrial spaces. MEWPs play a crucial role in construction projects by providing safe and efficient access for workers to elevated work areas such as building facades, ceilings, and structural elements. Moreover, government investments in infrastructure projects further contribute to the demand for MEWPs across various sectors.
Infrastructure development initiatives often involve large-scale construction projects such as roadways, highways, airports, railways, and public transportation systems. MEWPs are indispensable tools for construction crews, allowing them to access elevated work areas such as bridge decks, overpasses, and building facades safely and efficiently. The demand for MEWPs in the construction sector is closely linked to the pace and scale of infrastructure development projects across the country. Moreover, bridges are critical components of the nation's infrastructure network and require regular maintenance, repairs, and inspections to ensure structural integrity and safety. MEWPs are commonly used for bridge maintenance tasks such as painting, cleaning, welding, and structural repairs, as they provide access to hard-to-reach areas under bridges and elevated spans. The ongoing maintenance and repair needs of bridges contribute to sustained demand for MEWPs in the United States.
Modern MEWPs are equipped with advanced safety systems such as tilt sensors, overload protection, fall arrest systems, and proximity sensors, which significantly reduce the risk of accidents and injuries in the workplace. These safety features not only protect workers but also ensure compliance with stringent regulatory requirements, driving the demand for MEWPs among safety-conscious businesses. Technological advancements have led to the development of more efficient and productive MEWPs. Features such as self-leveling platforms, telescopic booms, and articulating arms enable operators to access elevated work areas quickly and with precision, reducing setup time and increasing productivity. Additionally, innovations such as dual-fuel engines, regenerative braking systems, and advanced control systems enhance fuel efficiency and operational performance, further boosting the appeal of MEWPs for businesses seeking to maximize efficiency and reduce costs.
Additionally, Advancements in automation and remote operation technology have revolutionized the way MEWPs are controlled and operated. Some modern MEWPs are equipped with remote control systems that allow operators to manoeuvre the platform from a safe distance, reducing the need for manual intervention and minimizing exposure to hazardous environments. Furthermore, automated features such as self-leveling platforms, automatic boom positioning, and obstacle detection systems enhance operator safety and ease of use, making MEWPs more accessible and appealing to a wider range of users.
The rental market offers businesses and contractors the flexibility to access a wide range of MEWPs on-demand, without the need for long-term commitments or ownership. Rental agreements allow companies to scale their fleet size based on project requirements, ensuring they have the right equipment available when needed. This flexibility is particularly beneficial for businesses with fluctuating workloads or seasonal demand patterns, driving demand for rental MEWPs across various industries.
Renting MEWPs instead of purchasing them outright can be more cost-effective for businesses, especially for short-term or occasional use. Rental fees are typically lower than the upfront cost of purchasing a new MEWP, allowing companies to allocate their capital more efficiently and invest in other areas of their business. Additionally, renting eliminates expenses related to maintenance, repairs, storage, and depreciation, further enhancing cost-effectiveness and driving demand for rental MEWPs.
Furthermore, rental market offers businesses access to a wide range of specialized MEWPs tailored to specific applications and industries. Rental companies often maintain diverse fleets comprising various types of MEWPs, including scissor lifts, boom lifts, aerial work platforms, and telehandlers, as well as models with specialized features such as rough terrain capabilities, narrow access designs, and high-reach capabilities. This availability of specialized equipment options enables businesses to select the most suitable MEWPs for their specific needs, driving demand for rental services.
Scope of the Report:
•The report analyses the United States MEWP Market by Value (USD Million).
•Detailed Assessment of the United States MEWP rental Market w.r.t. Market Size, By Value (USD Billion) and total fleet size (in 000')
•The report presents the analysis of United States MEWP Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
•The report analyses the United States MEWP Market By Product Type (Boom Lifts, Scissor Lifts and Vertical Mast Lift).
•The report analyses the United States MEWP Market By Propulsion (Engine-powered, Electric and Hybrid).
•The report analyses the United States MEWP Market By Height (< 10 Meters, 10 to 20 Meters and >20 Meters).
•The report analyses the United States MEWP Market By End-User (Municipal and Industrial, Construction & Mining, Transportation and Logistics, Manufacturing and Others End-Users).
•The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Products, by mode of operation & by end users.
•Also, the major opportunities, trends, drivers, and challenges of the market has been analyzed in the report.
•The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include of are Haulotte Group, Terex Corporation, Tadano Ltd., Oshkosh Corporation, Linamar Corporation, LGMG North America Inc., Bronto Skylift, Manitou Group, Sinoboom and Niftylift Ltd.
Table of Content
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Analyst Recommendations
2.1 Technological Innovation and Expansion into Emerging Sectors
2.2 Customized Solutions for Industries
3. Global MEWP Market: Historic and Forecast
3.1 Impact Analysis of Macro Economic Factors on Global MEWP Market
3.2 Global MEWP Market: Dashboard
3.3 Global MEWP Market: Market Value Assessment
3.4 Regional Snapshot
4. Americas MEWP Market
4.1 Americas MEWP Market: Market Value Assessment
4.2 Americas MEWP Market: Key Factors
4.3 Americas MEWP Market: Segment Analysis
4.4 Americas MEWP Market: By Country Overview
5. United States MEWP Market
5.1 United States MEWP: Market Value Assessment
5.2 United States MEWP: By Product
5.2.1 United States MEWP Market, By Product Overview
5.2.2 United States MEWP Market Size, By Boom Lifts, By Value, 2020H-2030F (USD Million & CAGR)
5.2.3 United States MEWP Market Size, By Scissor Lifts, By Value, 2020H-2030F (USD Million & CAGR)
5.2.4 United States MEWP Market Size, By Vertical Mass Lift, By Value, 2020H-2030F (USD Million & CAGR)
5.3 United States MEWP: By Propulsion
5.3.1 United States MEWP Market, By Propulsion Overview
5.3.2 United States MEWP Market Size, By Engine Powered, By Value, 2020H-2030F (USD Million & CAGR)
5.3.3 United States MEWP Market Size, By Electric, By Value, 2020H-2030F (USD Million & CAGR)
5.3.4 United States MEWP Market Size, By Hybrid, By Value, 2020H-2030F (USD Million & CAGR)
5.4 United States MEWP: By Height
5.4.1 United States MEWP Market, By Height Overview
5.4.2 United States MEWP Market Size, By <10 Meters, By Value, 2020H-2030F (USD Million & CAGR)
5.4.3 United States MEWP Market Size, By 10-20 Meters, By Value, 2020H-2030F (USD Million & CAGR)
5.4.4 United States MEWP Market Size, By >20 Meters, By Value, 2020H-2030F (USD Million & CAGR)
5.5 United States MEWP: By End User
5.5.1 United States MEWP Market, By End User Overview
5.5.2 United States MEWP Market Size, By Municipal and Industrial, By Value, 2020H-2030F (USD Million & CAGR)
5.5.3 United States MEWP Market Size, By Construction & Mining, By Value, 2020H-2030F (USD Million & CAGR)
5.5.4 United States MEWP Market Size, By Transportation and Logistics, By Value, 2020H-2030F (USD Million & CAGR)
5.5.5 United States MEWP Market Size, By Manufacturing, By Value, 2020H-2030F (USD Million & CAGR)
5.5.6 United States MEWP Market Size, By Others End-Users, By Value, 2020H-2030F (USD Million & CAGR)
6. United States MEWP Rental Market
6.1 United States MEWP Rental Market: Market Value Assessment
6.2 United States MEWP Fleet Size: Market Value Assessment
6.3 Comparative Analysis: United States vs Europe MEWP Fleet and Rental Market
7. Market Dynamics
7.1 Impact Assessment of Market Dynamics on US MEWP
7.2 Market Dynamics of United States MEWP: Drivers
7.3 Market Dynamics of United States MEWP: Restraints
7.4 Market Dynamics of United States MEWP: Trends
7.5 Market Dynamics of United States MEWP: Opportunities
8. Industry Ecosystem Analysis
8.1 Value Chain Analysis of United States MEWP Market
8.2 Porter Analysis of United States MEWP Market
9. Competitive Positioning
9.1 Companies Product Positioning
9.2 Market Position Matrix
9.3 Market Share Analysis of US MEWP Market
9.4 Company Profiles
9.4.1 Terex Corporation
9.4.2 Tadano Ltd.
9.4.3 Linamar Corporation
9.4.4 Manitou Group
9.4.5 Haulotte Group
9.4.6 Oshkosh Corporation
9.4.7 LGMG North America Inc.
9.4.8 Bronto Skylift
9.4.9 Sinoboom
9.4.10 Niftylift Ltd.
10. About us & Disclaimer
Executive Summary
Azoth Analytics has released a research report titled "United States Endometriosis and Uterine Fibroids Market (2024 Edition)" which provides a complete analysis of the United States Endometriosis and Uterine Fibroids industry in terms of market segmentation By Drug Ty...
Azoth Analytics has released a research report titled "United Kingdom Oat Milk Market (2024 Edition)" which provides a complete analysis of the United Kingdom Oat Milk in terms of market segmentation By Formulation (Sweetened, and Unsweetened), By Packaging Type (Tetra Packs, Bottles, and Cans), By...
Executive Summary
Azoth Analytics has released a research report titled "United States MEWP Market (2024 Edition)" which provides a complete analysis of the United States MEWP industry in terms of market segmentation By Product Type (Boom Lifts, Scissor Lifts and Vertical Mast Lift), By...
The Mobile Elevating Work Platform (MEWP) Rental Services Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, comp...
The Articulating Boom Mobile Elevating Work Platform (MEWP) Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, co...
Executive Summary
Azoth Analytics has released a research report titled "Global Mobile Elevated Work Platform (MEWP) Market (2024 Edition)" which provides a complete analysis of the Global Mobile Elevated Work Platform (MEWP) industry in terms of value (USD Billion) and Volume (Units). ...
The global Solid States Drives (SSD) market is expected to reach US$ XX Million by 2028, with a CAGR of XX% from 2023 to 2028, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in...
Description
Power rental refers to the practice of renting temporary power generation or distribution equipment for short-term or emergency power needs. It involves renting power equipment such as generators, transformers, switchgear, and other accessories from specialized providers. Power ren...
Overview of the Global States X-ray Diffraction Measurement Service Market:
The report discusses everything a marketer requires before investing in the global States X-ray Diffraction Measurement Service Market duri...
Revenue Cycle Management (RCM) is the process of managing the financial interactions between healthcare providers and patients. The aim of RCM is to improve the financial performance of healthcare providers by optimizing the revenue cycle, which includes all the steps involved in patient care, from ...