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Light Towers Market - Notable Highlights
- Atlas Copco introduced a renewed version of the exclusive ultra-quiet LED light tower HiLight B5+ light tower in the year 2018. With noise levels as low as 55 dBA, this product is meant to be used for deployment in urban and residential segments
- Wacker Neuson SE signed an agreement in the year 2017 to acquire KLC dealership in Slovakia. This strategic move of the organization was aimed at expanding its direct sales network in Europe
- Yanmar Holdings Co., Ltd. entered into an agreement in the year 2016 to acquire the German compact construction equipment business of Terex Corporation for approximately US$ 60 million
- Generac Holdings Inc. completed its previously announced acquisition of Mexico City-based Selmec Equipos Industriales S.A. de C.V. and its subsidiaries from private equity fund Enesa Energia S.A. de C.V. and Enesa S.A. de C.V. in the year 2018
The report on light towers market also profiles other players operating in the light towers market. These include Terex Corporation, Allightsykes Pty Ltd, Allmand Brothers Inc., Multiquip Inc., Westquip Diesel Sales, The Will-Burt Company, Wanco, Inc., and Inmesol Gensets, S.L.
Tier 1 Players Hold 38-41% of Light Towers Market Revenues, Competitive Offerings Remains a Key Strength
The light towers market is moderately-consolidated landscape, with tier 1 players accounting for nearly 38-41% revenue share. Significant barriers for entering into the market such as high manufacturing costs and stringent environmental regulations have created favorable circumstances for the established players to retain their buoyancy in the light towers market space.
The tier 1 players remain highly attentive toward research and development for offering economically and environmentally responsible products and services in line with the end-user specifications. With mergers and acquisitions being key elements of their strategies, the tier 1 companies also remain oriented toward expansion of customer outreach with seamless product differentiation.
Companies offering light tower rental services are focusing on meeting end-user demand. With tremendous reformations witnessed by the light towers market in the past few years, the rental companies are vying to keep up with latest trends to get the best returns on their investments. One of such noticeable trends is the shift from traditional laydown mast to vertical mast design.
The vertical mast orientation, on the back of its upright position, facilitates transportation of maximum units per trailer, thereby resulting in reduced shipping costs. Moreover, a vertical mast also entails minimum set-up owing to its upright configuration, which helps in significant savings in terms of time. From the end user perspective, a vertical mast has been equally beneficial as it enhances safe and easy deployment on the job site with no congestion.
Resurgency in Outdoor Construction Spurring Adoption
Lighting requirements for outdoor construction sites are leading to increased adoption of light towers, which enables the workers to carry out their tasks till late evenings in a hassle-free manner. Safety remains one of the key factors necessitating adoption of light towers across outdoor construction sites to facilitate substantial illumination.
The vertical mast orientation, on the back of its upright position, facilitates transportation of maximum units per trailer, thereby resulting in reduced shipping costs. Moreover, a vertical mast also entails minimum set-up owing to its upright configuration, which helps in significant savings in terms of time. From the end user perspective, a vertical mast has been equally beneficial as it enhances safe and easy deployment on the job site with no congestion.
Resurgency in Outdoor Construction Spurring Adoption
Lighting requirements for outdoor construction sites are leading to increased adoption of light towers, which enables the workers to carry out their tasks till late evenings in a hassle-free manner. Safety remains one of the key factors necessitating adoption of light towers across outdoor construction sites to facilitate substantial illumination.
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