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Aerial Work Platforms Market to register appreciable gains through 2025 | Trends by Key Players: Teupen, Terex Corp. (Genie), Tadano Ltd., Socage Srl, Snorkel, Skyjack, Niftylift Ltd., Manitou Group, JLG Industries, Hunan Sinoboom Heavy Industry Co. Ltd.,

04-29-2020 08:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Aerial Work Platforms Market to register appreciable gains

The Aerial Work Platforms market research report available on Market Study Report, LLC, offers a comprehensive study on the current industry trends. The report also offers a detailed abstract of the statistics, market valuation, and revenue forecast, which in addition underlines the status of the competitive spectrum and expansion strategies adopted by major industry players.

AWP (aerial work platforms) market to is set to grow at a CAGR of 9% between 2020 and 2026. Increasing utilization of aerial work platforms in utility, transportation and construction sector is a prime factor fueling the market growth. These platforms help in carrying out numerous operations at heights. They allow maintenance technicians and engineers to effectively conduct various tasks in institutes and commercial facilities.

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The reports states that the engine powered scissor lifts offer exceptional gradeability and are ideal to maneuver through extreme terrains, hence are used for applications with heavy load capacity and huge workspace.

As per the regional analysis, aerial work platform industry in Europe is poised to acquire commendable returns by the year 2024. Heavy investments towards development of smart city projects is stimulating the industry outlook.

Zoomlion Heavy Industry Science & Technology Co. Ltd., Zhejiang Dingli Machinery Co. Ltd., Teupen, Terex Corp. (Genie), Tadano Ltd., Socage Srl, Snorkel, Skyjack, Niftylift Ltd., Manitou Group, JLG Industries, Hunan Sinoboom Heavy Industry Co. Ltd., Hunan Runshare Heavy Industry Co. Ltd., Holland Lift International BV, Haulotte Group, Dinolift OY, CTE and Aichi Corp. are the major contenders in the aerial work platform industry.
Based on the product landscape, vertical mass lifts segment is presumed to expand with a CAGR of 3% during 2020-2026, primarily due to rising adoption of personal lifts for indoor repair and maintenance activities.

As per type, engine powered aerial work platforms held 30% market share in 2018 and is expected to register continuous growth in the forthcoming years. Growing inclination towards high performance lifting solutions across various industry verticals is driving the segmental growth.

In terms of platform height, 10-20 meters AWP market segment is poised to witness lucrative growth in the subsequent years.

Elaborating on the application spectrum, transportation & logistics segment is expected to grow with a CAGR of 8% between 2020 and 2026, owing to increasing deployment of platforms to lift heavy loads in warehouses.

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Frequently Asked Questions (FAQ) :

What factors are bolstering the demand for aerial work platforms across the globe?

Increasing utilization of aerial work platforms in utility, transportation and construction sector is a prime factor fueling the market growth.

Why is Europe aerial work platforms industry experiencing constant expansion?

Increasing investments towards development of smart city projects is stimulating Europe industry outlook.

How is the competitive landscape of aerial work platforms market defined?

Hunan Runshare Heavy Industry Co. Ltd., Holland Lift International BV, Haulotte Group, Dinolift OY, CTE and Aichi Corp. are the major contenders in global aerial work platforms industry.

Table of Content:

Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Aerial Work Platforms Industry Insights
Chapter 4. Aerial Work Platforms Market, By Product (Revenue & Shipment)
Chapter 5. Aerial Work Platforms Market, By Type (Revenue, Shipment)
Chapter 6. Aerial Work Platforms Market, By Platform Height (Revenue & Shipment)

Chapter 7. Aerial Work Platforms Market, By Application (Revenue & Shipment)
Chapter 6. Aerial Work Platforms Market, By Region
Chapter 7. Company Profile

More Details on this Report At: https://www.marketstudyreport.com/reports/aerial-work-platform-awp-truck-market

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