The Global Light Tower Rental Market is expected to grow at a CAGR of 5.7% to reach USD 1.61 billion by 2030. The practise of hiring temporary lighting devices, sometimes known as light towers, is referred to as light tower rental and is used for a variety of purposes that call for extra illumination in both outdoor and interior environments. Portable equipment with strong lights installed on long telescoping poles are known as light towers. They are frequently utilised in circumstances requiring temporary illumination, such as building sites, outdoor gatherings, emergency situations, mining operations, roadwork’s, and others.
The demand for light tower rentals has been fueled by the expansion of infrastructure and building projects throughout the world. Proper illumination at construction sites promotes safer working conditions and longer workdays. The events and entertainment sector depends on light tower rentals to illuminate outdoor venues including fairs, festivals, sporting events, and concerts in order to improve visibility and foster a secure environment. Energy-efficient light towers, including those built with LEDs, are preferred by rental firms and consumers since they save money and are better for the environment.
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Top Key Players of Light Tower Rental Market
United Rentals, Caterpillar, Home Depot Product Authority, NorCal Rental Group, MacAllister Rentals, Cooper Equipment Rentals, Pro Tool & Supply, BigRentz, RentalYard, Kennards Hire, Larson Electronics, Battlefield Equipment Rentals, Access Hire Australia, Holt Texas, HSS Hire Ireland, Warren CAT, Puckett Rents, Onsite Rental Group, Miami Tool Rental, Rain for Rent, The Duke Company, ACME Rents, The Pape Group, Foley, Blanchard Machinery, Brandon Hire Station, Boss Light Tower Rental, RentalMax, ABC Rental Center, Austin Power Generation, KWIPPED, Contractors Supply
Global Light Tower Rental Market Segmentation:
Market Segmentation: By Type
Portable Light Tower
Towable Light Tower
Market Segmentation: By Application
Oil & Gas
Light Tower Rental Market Regional Analysis:
North America (USA, Canada and Mexico)
Europe (UK, Germany, France and the Rest of Europe)
Asia Pacific (China, Japan, India, and the Rest of the Asia Pacific region)
South America (Brazil, Argentina and the Rest of South America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)
With more than 30% of the worldwide market share in 2022, North America will continue to be the largest leasing Light Tower Rental market. Increased infrastructure spending and rising demand for light towers in the mining, oil & gas, and construction industries are driving this market's expansion. With a market share of more than 25% in 2022, Europe is projected to be the second-largest Light Tower Rental market. The market is expanding as a result of rising infrastructure investments and escalating demand for light towers in the building, industrial, and events industries. With a market share of over 20% in 2022, Asia-Pacific will be the region with the fastest-growing demand for light tower rentals. Increased infrastructure spending and rising demand for light towers in the mining, oil & gas, and construction industries are driving this market's expansion. The two smallest light tower leasing markets are in Latin America and the Middle East & Africa, although both regions are anticipated to expand significantly over the next several years.
Light Tower Rental Market- Covid-19 Impact and Recovery Analysis:
The demand for light tower rentals in the events and entertainment business decreased as a result of the numerous events that had to be cancelled or postponed because of limitations and safety worries. While the demand for renting light towers decreased in certain businesses, it increased in others. For instance, field hospitals and testing grounds in the healthcare industry needed temporary lighting solutions. To guarantee adequate equipment sanitization and adherence to social distance rules during pickups and drop-offs, rental businesses established tougher health and safety measures. As companies adjusted to the new reality brought on by the epidemic, the demand for light tower rents fluctuated. Due to the limitations on inside activities, more people turned to outside events and activities, which raised the need for outdoor lighting solutions.
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Reason to Buy:
Modern light towers are more sophisticated and adaptable than ever before, with features like remote control operation, solar-powered alternatives, and smart lighting capabilities. The use of proper illumination at work sites is being encouraged by safety rules in a number of industries, including construction and mining, which is driving up demand for light tower leases. Customers may now identify and hire light towers more easily thanks to the development of online rental marketplaces and equipment rental platforms.
Detailed TOC of Global Light Tower Rental Market Research Report, 2023-2030
Global Light Tower Rental Market Report 2023 – 2030
Chapter 1 Light Tower Rental Market Overview
Chapter 2 Global Light Tower Rental Industry
Chapter 3 Global Light Tower Rental Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region (2023-2030)
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions (2023-2030)
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Light Tower Rental Market Forecast (2023-2030)
Chapter 13 Appendix
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