America Mobile Light Tower Market Share to Widen During 2020-2026

Published Date: 2020-08-19

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According to the Graphical Research new growth forecast report titled “America Mobile Light Tower Market 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), Industry Analysis Report, Country outlook (U.S., Canada, Argentina, Brazil, Mexico), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026”, to Widen During 2020-2026.

America Mobile Light Tower Market Value is set to witness significant growth owing to the favorable government initiatives targeted toward the overhaul of smart cities accompanied by increasing number of infrastructure projects. Construction activities after dark have a higher incidence of correlation with on the job accidents. Thus, rising labor safety concerns to avoid major injuries will positively influence the market outlook.

The impact of the COVID-19 virus has been felt across the world. Lack of demand from major application areas may act as a hinderance, however post realizing the COVID-19 impact, the market is anticipated to grow at a stable pace. The recovering mining and oil & gas industry are further set to augment the business landscape.

LED will witness high growth rate owing to the introduction of strict government regulations & directives aiming to limit GHG emissions. High efficiency along with the longer shelf life, high performance even in severe weather conditions and low consumption rate of the fuel are some of the key features that will complement the product adoption. Additionally, research and development activities are leading to innovation in the product design which will complement the product demand.

The U.S. will undergo rapid growth owing to major construction and infrastructure projects currently in the planning and execution stage. Development of logistical and manufacturing infrastructure to complement the country’s major exports will result in lucrative opportunities for the market players. Rise in the number of injuries on the jobsite coupled with favorable government norms toward labor safety will further influence the market growth.

Diesel will grow on account of its high scalability and flexibility along with the extended life span and reliable performance. Ongoing development of hybrid technologies and manufacturers directing investments toward enhancing the product portfolio will further strengthen the business scenario. Decline in product cost and ease of fuel availability are few key characteristics driving the industry growth.

Key players are aiming to develop their rental offerings to tap the demand, in turn, enabling them to increase their revenue growth. Moreover, the manufacturers are funding more toward product & technological development. Few of the major market players in the industry are Doosan, Light Boy, Aska equipment, Will Burt, Generac, Larson Electronics, Terex, and Atlas Copco amongst others.