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Aerial Work Platforms Market 2020 | Top Players are Terex Corporation, MANITOU Group, JLG Industries, Haulotte, Skyjack Inc

Aerial Work Platforms Market

Aerial Work Platforms Market

The size of the Aerial Work Platforms Market was accrued at USD 9 billion in 2018 and is presumed to accumulate over USD 16 billion by the year 2025. According to research, the Aerial Work Platforms Market is expected to grow with a CAGR of 9% during the period of 2019-2025.

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.

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Electric lifts are experiencing huge demands across the application sectors globally due to high focus of both customers & manufacturers on utilizing energy-efficient and low emission producing machinery. Equipment manufacturers are adopting product innovation strategies including electrification of the machine engines and developing electric-powered machinery, further adding up to the industry growth. Several government initiatives and legislation related to the use of low energy consuming products and reducing environmental pollution in construction & mining applications are contributing to the demand for electric lifts in the access equipment market.

Top Companies -

1. Terex Corporation,
2. Aichi Corporation,
3. CTE, Dinolift OY,
4. Haulotte Group,
5. Holland Lift International bv,
6. Hunan Runshare Heavy Industry Company, Ltd.,
7. Hunan Sinoboom Heavy Industry Co. Ltd.,
8. JLG Industries, Manitou Group,
9. Tadano Limited, & more

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In the AWP 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.

The prominent manufacturers operating in the AWP market are JLG Industries, Inc., Niftylift, Terex Corporation, Aichi Corporation, Tadano, Skyjack, Manitou, Snorkel, Haulotte, and 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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
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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