Press release
Aerial Work Platforms Market Segments by Materials, Product, End user & Forecast to 2025
Aerial Work Platforms Market
The Asia Pacific aerial work platforms market is expected to rise at a rapid pace over the forecast time span owing to several construction & infrastructure expansion projects in several countries. The region also consists of several leading access platform manufacturers who facilitate low cost & advanced machinery for customers across China, Japan, etc. Asian countries are also witnessing the emergence of several rental providers who provide easy & cheap rental services to local customers, serving as a major driver for the access equipment market development.
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(AWP) Aerial Work Platforms Market is expected to exceed USD 16 billion by 2025. The rise in new construction activities & maintenance of existing infrastructure in several countries due to the trend of urbanization is driving the access equipment market growth. Government focus on providing enhanced worker safety and facilitating mechanized options for complex construction & industrial maintenance operations is creating a high machinery demand globally.
The prominent manufacturers operating in the aerial work platforms market are:
• JLG Industries Inc.
• Niftylift
• Terex Corporation
• Aichi Corporation
• Tadano
• Skyjack
• Manitou
• Snorkel
• Haulotte
• Altec
These companies are focusing on the development of energy-efficient & technically-developed machinery to gain a major MEWP market share. To enter the untapped markets, the players are adopting partnership strategies and developing distribution network with the regional companies.
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The increasing replacement of manual labor by new machinery in emerging economies including India and China to gain high operational efficiency and reduce work fatalities is developing the Mobile Elevated Work Platform (MEWP) market rapidly.
In the aerial work platforms market, transportation & logistics applications are witnessing traction due to the use of the machinery in warehouse management and shipping & material handling activities. Huge warehouses in various industries require efficient utilization of the vertical & horizontal spaces to store goods.
To support the storage demand, several managers & companies are deploying scissor lifts and personal portable lifts that facilitate them to use confined spaces for storage and increase management efficiency. With the use of scissor & boom lifts, workers in the transportation & logistics industry are offered with safe assembly, lifting & loading options compared to the conventional ladders, further supporting the MEWP market expansion.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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