KBS - Access Height and Lifting Solutions - Market Insight

MARKET INSIGHT The overall deal market for this sector is in a dynamic phase of consolidation and growth. Confidence in the sector is high, underpinned by strong demand fundamentals. Dealmaking trends indicate trade buyers and investors view the industry as poised for long-term expansion, with one major insight being the resilience and adaptability of the rental model. Furthermore, leading operators have invested heavily in cross-border mergers and acquisitions. Historically, the industry had more nationally-bound companies, whereas more recently firms have gained an international foothold. For example, the world’s largest rental equipment company, United Rentals, has entered Europe, while European groups are spanning multiple countries, for example cross-border mergers such as Boels/Riwal.

The aerial work platform market had 38.5% market share in 2024, predominantly accounted for by lifting solutions in the construction industry, specifically on residential projects, commercial spaces and infrastructure.

Scissor lifts contributed to a 41.5% share of the aerial work platform market in 2024 due to their functional flexibility. The scissor-style lifting mechanism is economic with space and allows the lift to easily manoeuvre around confined working areas.

Scissor lifts contributed to a 41.5% share of the aerial work platform market in 2024 due to their functional flexibility.