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Light Tower Market Size By Channel (Sales, Rental), By Product (Stationary, Mobile), By Lighting (Metal Halide, LED, Electric), By Power Source (Diesel, Solar, Direct), By Technology (Manual Lifting, Hydraulic Lifting), By Application (Construction, Infrastructure Development {Highway Construction, Railway Line Construction, Bridge Construction}, Oil & Gas, Mining, Military & Defense, Emergency & Disaster Relief), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2023– 2032

  • Report ID: GMI4499
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Statistics

Light Tower Market size exceeded USD 6 billion in 2022 and is projected to expand at more than 6% CAGR from 2023 to 2032, on account of the escalating infrastructure development projects.
 

Favorable infrastructure laws are being enacted to help meet the strong demand for transportation modernization. For instance, in August 2022, the U.S. Administration awarded over USD 2.2 billion from the RAISE (Rebuilding American Infrastructure with Sustainability and Equity) program. This spending was intended to help rural and urban communities undertake projects to enhance road, bridge, and other transportation system safety, accessibility, and sustainability. Such government initiatives are likely to escalate the usage of mobile light towers suitable for construction sites.
 

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With the increasing requirement for commercial and industrial infrastructure, the influx of foreign direct investments has also surged worldwide. Additionally, the rising emphasis on smart city development will provide a boost to light tower construction for use as a power source. However, high installation and maintenance costs of energy-efficient lighting solutions may hinder industry growth to a certain extent. The product is also associated with additional costs incurred during the component lifecycle, thereby restricting end users from making long-term investments in lighting towers.
 

Stringent regulations to ensure environmental safety drive light tower rental service demand

Light tower market from the rental channel segment is poised to register approximately 6% growth rate through 2032, driven by the mounting production of portable light towers with ease of transport and job site mobility. Since it is often required for limited periods, consumers are shifting their preference toward rented light tower equipment for special events, generation construction, and emergency and disaster relief, among other applications. Furthermore, rapid innovation in light tower technologies and the implementation of stringent environmental safety laws will also promote the procurement of the equipment through rental channels.

Mobile light tower to gain traction in critical work environments

Mobile light tower market is slated to depict over 6% CAGR between 2023 and2032, given the increasing availability of various resistant and sturdy light towers with high quality standards. Mobile lighting solutions are also equipped with road and site-tow trailers for use in critical working environments including construction sites. The introduction of government schemes to support infrastructure development will therefore proliferate the use of mobile lighting towers in construction as well as other critical applications.
 

Preference for low-emission lighting systems to fuel metal halide light tower unit adoption

Light Tower Market, By Lighting, 2022, (USD Million)

Lighting

Market Size, 2022

Metal Halide

1,671.8

LED

3,542.4

Electric

406.9

Others

390.0

Total

6,011.1

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In terms of lighting, the light tower market from metal halide segment crossed USD 1 billion in 2022, as a result of the strong focus on R&D of low-emission lighting systems due to strict government norms. Varied metal halide light towers are also being designed with an easy-to-understand and clear operating panel. Moreover, rapid advancements in LED lighting technology may lead to a shifting preference toward LED light tower units and consequently limit product deployment in the coming years.
 

Rising commercial infrastructure development funding to spur light tower usage

Light tower market share from the infrastructure development application segment predicted to observe nearly 6% gains through 2032, considering the strong focus on the improvement of critical freight movement. Citing an instance, in September 2022, the U.S. government awarded USD 1.5 billion from the INFRA (Infrastructure for Rebuilding America) grant program to support multiple transportation projects across the nation. This funding was intended to cover multimodal freight, highway, and rail projects to ensure the safety and resiliency of transportation systems, eliminate supply chain bottlenecks and enhance freight movements. In addition, the escalating investment in the commercial infrastructure sector is also set to bolster light tower production.
 

Rise in construction & infrastructure projects to foster light tower development in North America

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North America light tower market size recorded an installation of over 200,000 units in 2022. This is the result of an increase in construction projects and the high spending on the renovation of disaster-affected infrastructure. According to data from the National Oceanic and Atmospheric Administration, in 2021, the U.S. encountered total damage worth USD 145 billion due to natural disasters. Such factors will increase the influx of investments to rebuild critical infrastructure and in turn, augment the use of light towers across the region.
 

Product range expansion strategies to define the industry landscape

The competitive landscape of the light tower market comprises companies such as Aska Equipments Private Limited, LTA Projects, Progress Solar Solutions, The Will Burt Company, DMI, Light Boy Co., Chicago Pneumatic, Ltd., Colorado Standby, Youngman Richardson, Trime S.r.l., HIMOINSA, Wacker Neuson SE, J C Bamford Excavators Ltd., United Rentals, Inc., Caterpillar, Atlas Copco AB, Larson Electronics, Generac Power Systems, Inc., and Doosan Portable Power, among others. These firms are focusing on product range expansions and other strategies to reinforce their market presence.
 

For instance, in November 2021, Doosan Portable Power unveiled small-scale generator models and the 50-Hz LVL portable light tower for the MEA markets. The product, also designed in the 60 Hz variant, was developed for the rental marketplace such as road and bridge construction sites and oil & gas drilling. This initiative enabled the company to expand its customer base and, in turn, strengthen its footprint across the industry.
 

Impact of COVID-19 pandemic on light tower market trends

The onset of the COVID-19 crisis asserted a negative influence on global industry verticals such as construction, mainly due to delays and halts in several projects. For example, infrastructure investments in Shanghai declined by close to 27.4% during the first eight months of 2020. Such business disruptions may have limited the production of critical components used across construction sites, creating roadblocks to business expansion. However, the gradual revival of the global construction sector and the resumption of business initiatives and projects post-pandemic may aid in the recovery of the industry over the forthcoming years.
 

The light tower market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2019 to 2032, for the following segments:

Market Insights, By Channel

  • Sales
  • Rental

Market Insights, By Product

  • Stationary
  • Mobile

Market Insights, By Lighting

  • Metal Halide
  • LED
  • Electric
  • Others

Market Insights, By Power Source

  • Diesel
  • Solar
  • Direct
  • Others

Market Insights, By Technology

  • Manual Lifting
  • Hydraulic Lifting

Market Insights, By Application

  • Construction
  • Infrastructure Development
    • Highway Construction
    • Railway Line Construction
    • Bridge Construction
    • Others
  • Oil & Gas
  • Mining
  • Military & Defense
  • Emergency & Disaster Relief
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Azerbaijan
    • Norway
    • Sweden
    • Poland
    • Netherlands
    • Belgium
    • Turkey
    • Finland
    • Denmark
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Thailand
    • Singapore
    • Malaysia
    • Philippines
    • Vietnam
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Iran
    • South Africa
    • Egypt
    • Algeria
    • Nigeria
  • Latin America
    • Brazil
    • Argentina
    • Chile

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of light tower valued at USD 6 billion in 2022 and is poised to exhibit over 6% gains through 2032, due to the increase in global infrastructure development projects.
The infrastructure development application segment will observe more than 6% growth rate between 2023 and 2032, considering the strong focus on the enhancement of critical freight movement.
The North America market size recorded an installation of over 200,000 units in 2022, given an increase in construction projects and the high spending on the renovation of disaster-affected infrastructure.
Top players in the light tower industry include Progress Solar Solutions, The Will Burt Company, DMI, Light Boy Co., United Rentals, Inc., Atlas Copco AB, Larson Electronics, Generac Power Systems, Inc., and Doosan Portable Power, among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 23
  • Tables & Figures: 2197
  • Countries covered: 40
  • Pages: 1130
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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