Global Light Tower Market - 2023-2030
Market Overview
The global light tower market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 5.80% during the forecast period (2023-2030).
Portable lighting options known as ""light towers"" include a variety of electric bulbs attached to the top of a pole. A specific region is illuminated by light towers placed in that location. The unit may be moved from one location to another thanks to the mast's attachment to a base that resembles a trailer and acts as an anchor to balance the tower. The type of light tower is determined by the base's architecture and the way the electricity for the lights is produced. While some employ modest cart-like bases, others use enormous, hefty trailer bases.
Market Dynamics
An increase in construction and infrastructure development
Constructing new facilities such as airports, seaports, hospitals and other public infrastructure projects require large illuminated areas. The same is observed in the case of expanding existing facilities such as roads, bridges and buildings. Thus, the overall increase in construction and infrastructure development creates a need for efficient and reliable lighting solutions, which drives the demand for light towers.
Unavailability of skilled labor and competition from substitutes
the market is limited by a need for more skilled technicians who can operate and maintain light towers. Strict regulations and safety requirements also pose a challenge and it can increase the costs and complexity of using light towers. The competition from alternative lighting solutions, such as LED lighting, can make it difficult for light tower manufacturers to gain market share.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global light tower market is segmented based on light type, power source, technology, application and region.
High demand for light towers in specific industries such as construction, oil and gas, mining and events, where long-term, reliable and consistent power is needed
The high demand for rental equipment, including light towers, in various end-use industries, drives the growth of diesel-powered light towers. Diesel-powered light towers are highly demanded in specific industries such as construction, oil and gas, mining and events, where long-term, reliable, consistent power is needed. Therefore, the diesel power source segment of the light tower market is driven by reliability, wide availability, cost-effectiveness and demand from various industries, making it the preferred choice for many light tower applications.
Geographical Analysis
Increasing environmental awareness, governmental regulations and initiatives to reduce air pollution and the presence of a well-developed manufacturing industry
The main drivers of North America's expanding market for light towers are the region's expanding mining, oil, and gas industries. According to statistics, the U.S. engineering and construction business started well in 2022 after achieving a growth of 8% in construction spending in 2021. While the value added in the second quarter of 2022 was US$ 1 trillion, the total production increased to US$ 2 trillion from Q2 of 2021's US$1.9 trillion. A rise of 12% above the revised total of US$ 80.7 billion in 2020 was predicted for the overall projected value of nonfuel mineral output in the U.S. in 2021, which was forecast to be US$ 90.4 billion. The anticipated value of metals production also increased by 23% to US$ 33.8 billion.
Because U.S. is one of North America's biggest markets, it is reasonable to conclude that the area as a whole is seeing a similar trend. Moreover, because light towers are used in the aforementioned businesses to illuminate activities in the corresponding sectors, rising production suggests increasing operation, which increases the need for light towers in the area. Consequently, North America dominates the regional lighting tower market regarding market share and growth rate.
Competitive Landscape
The major global players in the market include Trime S.R.L., Generac Holding, Wacker Neuson, Doosan Portable Power, Terex Corporation Ceres Power, Atlas Copco Elmelin Ltd, Wacker Neuson SE, Aska Equipments Limited, Olikara Lighting Towers Pvt. Ltd, United Rental.
Why Purchase the Report?
• To visualize the global light tower market segmentation based on light type, power source, technology, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous light tower market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global light tower market report would provide approximately 69 tables, 73 figures and 205 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Light Type
- 3.2. Snippet by Power Source
- 3.3. Snippet by Technology
- 3.4. Snippet by Application
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. An increase in construction and infrastructure development
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Unavailability of skilled labor and competition from substitutes
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. Post COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Light Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Light Type
- 7.1.2. Market Attractiveness Index, By Light Type
- 7.2. Metal Halide*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. LED Drive
- 7.4. Electric
- 7.5. Others
- 8. By Power Source
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 8.1.2. Market Attractiveness Index, By Power Source
- 8.2. Diesel*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Solar
- 8.4. Direct
- 9. By Technology
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.1.2. Market Attractiveness Index, By Technology
- 9.2. Hydraulic Lifting*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Manual Lifting
- 9.4. Light Commercial Vehicle
- 9.5. Others
- 10. By Application
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.1.2. Market Attractiveness Index, By Application
- 10.2. Construction*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Infrastructure Development
- 10.4. Oil & Gas
- 10.5. Mining
- 10.6. Military & Defense
- 10.7. Emergency & Disaster Relief
- 10.8. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Light Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Light Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Russia
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Light Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Light Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Light Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Trime S.R.L.*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. Generac Holding
- 13.3. Wacker Neuson
- 13.4. Doosan Portable Power
- 13.5. Terex Corporation Ceres Power
- 13.6. Atlas Copco Elmelin Ltd
- 13.7. Wacker Neuson SE
- 13.8. Aska Equipments Limited,
- 13.9. Olikara Lighting Towers Pvt. Ltd,
- 13.10. United Rental
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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