Light Tower Rental Market Size By Lighting (Metal Halide, LED, Electric), By Power Source (Diesel, Solar, Direct), By Technology (Manual Lifting, Hydraulic Lifting), Application & Global Forecast, 2023 – 2032

Light Tower Rental Industry Analysis

Light Tower Rental Market size was valued at USD 3 billion in 2022 and is projected to record over 6.5% CAGR from 2023 to 2032, due to increasing investments in infrastructure globally. Growing initiatives by the government for smart city projects such as the Smart Cities Mission of India have increased the number of industries and elevated the need for light tower rentals across the globe. Moreover, many governments across the world are investing heavily towards boosting their industrial and commercial infrastructure, which will further increase the scope for product use. In January 2023, the U.S. government allocated USD 1.2 billion for nine mega infrastructure projects across the country. The global light towers market revenue is expected to cross USD 10.9 billion by 2032.
 

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Despite a broad scope for product adoption, the unavailability of rental service providers in places affected by unprecedented natural calamities is increasing operational downtime, affecting the demand for light tower rentals. Besides this, the industry also faces challenges due to a lack of skilled light tower operators in major parts of the world. In this regard, many light tower service providers have initiated upskilling programs, which may strengthen light tower rental market outlook.
 

COVID-19 Impact

The COVID-19 pandemic had a negative impact on light tower rental industry given the massive disruptions to supply chains across the globe. Additionally, the pandemic brought the construction sector to a temporary standstill, further decreasing the demand for light tower rental services. However, resumption of normal construction activities in the post-COVID-19 era may present growth opportunities to the industry. In addition, governments across the world are investing significant amounts in infrastructure development projects, which will further boost demand for rented light towers.
 

Light Tower Rental Market Trends

Growing demand for light tower rental services across disaster-prone locations has generated lucrative opportunities for industry expansion. Rising intensity and frequency of natural calamities have increased the need for quickly available emergency rescue services, driving the adoption of light tower rental services. Due to the growing prevalence of natural disasters, governments across the globe are investing in the reconstruction of affected buildings, adding further impetus to industry growth.
 

Light Tower Rental Lighting Segmentation

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LED light tower rental market share will grow at 7.5% through 2032. Low fuel consumption, ease of maintenance, high energy efficiency, longer lifespan, and excellent performance in extreme weather conditions have increased the demand for LED lights in the light tower market. Moreover, growing advancements in LED lighting technology are further supporting segment expansion.
 

Light Tower Rental Power Source Segmentation

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The light tower rental market size from the diesel segment held over USD 1 billion in 2022. The easy availability and low maintenance of diesel-powered light towers have increased their demand. These systems also provide efficient and reliable diesel generator sets with a high storage capacity. Moreover, many companies are working towards launching diesel-powered light towers with enhanced capabilities, which will create a favorable growth environment for the industry.
 

Light Tower Rental Regional Analysis

Asia Pacific light tower rental market size will cross USD 1.5 billion by 2032. Expanding construction sector has increased the demand for light tower rental services in the region. According to Invest India, the construction sector in the country may reach USD 1.4 trillion by 2025. Moreover, a favorable regulatory scenario for the adoption of sustainable lighting systems is further contributing to regional market growth.
 

Light Tower Rental Industry Players

Some of the leading companies operating in the light tower rental market include Home Depot Product Authority, LLC, GUYS RENTS INC, Cooper Equipment Rentals, BigRentz, Inc., RentalYard, Larson Electronics, Caterpillar, MacAllister Machinery Co., Inc., and Pro Tool & Supply.
 

Light Tower Rental Industry News:

• In September 2021, Atlas Copco, a Swedish multinational industrial company, launched new V5+ Hi Light LED light towers to increase fuel savings by up to 65%. These systems are suitable for use in road construction, outdoor events, remote construction sites, infrastructure, mining, and others.
   

The light tower rental 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:

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Market, By Lighting

• Metal Halide
• LED
• Electric
• Others

Market, By Power Source

• Diesel
• Solar
• Direct
• Others

Market, By Technology

• Manual Lifting
• Hydraulic Lifting

Market, By Application

• Construction
• Infrastructure Development
• 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