Is Singapore’s MEWP Rental Market The Most Competitive In The World?

MEWPs are Mobile Elevating Work Platforms (MEWP), or in some other area, it is also known as Powered Access Equipment.  

Essentially a MEWP is a platform, usually powered, designed to help a person or people to carry out work at height in a safe manner. MEWP such as scissor lift, boom lift, and vertical man lift is very common for rental and is widely used in construction projects, maintenance work, signage installation, events, etc. Due to inconsistency of utilization and wide availability, the majority of contractors is still preferred to rent instead of purchase. Hence, MEWP has been recognized as one of the most common rental equipment globally and is gaining popularity.

Learn How to Rent the Right MEWP here.

MEWP includes 5 common types such as scissor lift, articulating boom lift, telescopic boom lift, vertical mast lift, and spider lift.

IPAF’s Global Powered Access Rental Market Report for 2019 again shows that the MEWP rental market is booming, with the worldwide rental fleet nearing 1.5 million units. In Singapore alone, there are 15,000 units fleet of MEWP is serving the market and majority is owned by the rental company, where we estimated around 40 MEWP rental company.

The interesting part is, do you know how competitive is MEWP rental market in Singapore?

To understand the competitiveness of the Singapore MEWP rental market, we would first like to understand the population of MEWP in the world. For this study, we have excluded the European market. 

The table below is the summary of the regional MEWP population in the SEA region and Asia. The population has included truck-mounted type.

In the Southeast Asia region, Singapore no doubt is the most mature MEWP Rental market. Despite Singapore is only a tiny red dot with such a small land size, it remains the biggest MEWP rental market in the SEA region. The leader is followed by Malaysia, Vietnam, and Indonesia. Looking at the Asia Region, China is having the largest population and the demand for MEWP is growing rapidly, followed by Japan, Australia, South Korea, and Hong Kong. 

Population Served Per MEWP

To study the competitiveness of the MEWP rental market in by nation lets us, deep-dive, into the MEWP population with the population served. Below is the table showed how many populations served per unit of MEWP.

Singapore has the least population served per unit of MEWP in SEA and Asia, or even globally. This shown how dense is the total fleet on this island. 

Without a doubt, Singapore MEWP rental market is one of the most competitive stages globally!

One of the key reasons Singapore becoming one of the most well-established access nations is due to its strong regulation of working at height ecosystem. MEWP has been replacing scaffolding access as the market started to recognize MEWP as a safer, more efficient, and productive way for working at height. In an addition, the Singapore Ministry of Manpower (MOM) has strong control over the use of MEWPs, including but not limited to a required operator license from the Workforce Skill Qualification (WSQ) for scissors lift, boom lift, and vertical mast lift categories. Every MEWP must also be certified by Professional Engineer every 6 months.

Looking to rent a scissor lift, boom lift, or vertical manlift? Visit antbuildz.com today to check your preferred equipment rate instantly, compare the equipment, and rent in just a few clicks.

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