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Light Tower Rental Market Trends

Report ID: GMI5822
Published Date: May 2023
Report Format: PDF

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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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of light tower rental was more than USD 3.3 billion in 2023 and will witness over 6.7% CAGR from 2024 to 2032, driven by surging infrastructure investments globally.

In terms of power source, the diesel segment was over USD 1.3 billion in 2022, owing to its low maintenance and easy availability.

Asia Pacific market size will surpass USD 1.5 billion by 2032, on account of the growing construction sector in the region.

Some of the major industry players are MacAllister Machinery Co., Inc., United Rentals, Inc., Caterpillar, GUYS RENTS INC, Pro Tool & Supply, RentalYard, Cooper Equipment Rentals, HSS Hire Ireland Limited, BigRentz, Inc.