Expansion in 3 Key Market Sectors to Fuel US Aerial Work Platform Demand
The global aerial lift market is poised to grow substantially over the next few years due to rapid expansion in building & construction, rental, transportation and logistics, utility and mining industries.
Several other factors will contribute, such as strong focus on smart city development.
In addition, a growing number of building and construction projects, particularly in East Asia, South Asia, Southeast Asia, and Oceania will generate substantial opportunities for the deployment of Aerial Work Platforms.
2020 Economic Outlook Forecasts 1.1% Expansion In Equipment and Software Investment and 1.7% GDP Growth
Washington, DC, December 11, 2019 – Investment in equipment and software is projected to expand 1.1 percent in 2020 while U.S. economic growth slows to 1.7 percent according to the 2020 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. After decelerating over the course of 2019, the U.S. economy is poised to soften further in 2020. Equipment and software investment is likely to post its weakest year of growth since 2016, weighed down by the first annualized contraction in over three years in Q3. Several headwinds highlighted in last year’s Economic Outlook began to stunt growth in the second half of 2019 and are expected to continue dragging on business confidence and investment in early 2020.
Holiday gift idea: Been there, dug that
