U.S. AWP Rental Market Recovers in 2013

May 6, 2014

The number of aerial work platforms (AWPs), also known as mobile elevating work platforms (MEWPs), in the worldwide rental fleet is up 6 percent from the previous year, to 1.02 million, according to research commissioned by the International Powered Access Federation (IPAF). The increase is attributed to growth in Asia and Latin America.

The U.S. AWP rental market rebounded with strong growth of 9 percent in 2013 to reach approximately $7.2 billion, according to the IPAF U.S. Powered Access Rental Market Report 2014. The U.S. AWP rental fleet expanded by 6 percent in 2013. U.S. rental companies expanded fleets and improved rental rates while enhancing utilization rates to improve revenue in 2013.

For the first time, IPAF has conducted research on China, which registered 20 percent growth. The trend is set to continue in this market where there are approximately 6,000 AWPs, and scissor lifts make up an estimated 65 percent of the fleet.

The European AWP rental market in the 10 countries surveyed remained stable in 2013 (+0 percent) and is estimated at approximately €2.3 billion, according to the IPAF European Powered Access Rental Market Report 2014. The 10 European countries surveyed were Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden and the U.K.

The European rental market shows mixed results and is marked by three groups: those who struggled in 2013 (Spain, the Netherlands, Italy, Finland, and to a lesser extent Denmark and France), those who slightly increased rental revenues (Sweden and the U.K.), and those who experienced significant growth (Germany and Norway).

The IPAF rental market reports highlight key facts and figures for senior management, such as fleet size, utilization rate and retention period. They include an estimate of the size of the MEWP/AWP rental fleet worldwide, with a breakdown by region and machine type. New for 2014 is an introduction into the rental market in China, which is covered in both reports. The U.S. report includes Canada. The European report includes seven individual country/regional sections: France, Germany, Italy, the Netherlands, Nordic/Scandinavian countries (covering Denmark, Finland, Norway and Sweden), Spain and U.K.

The IPAF US and European Powered Access Rental Market Reports 2014 are available in English and can be purchased at www.ipaf.org/reports.