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Global Aerial Work Platform Market Worth $14,351.7 Million by 2027 | by Type, Operation, Lifting Height

05-11-2021 05:38 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Aerial Work Platform Market

Aerial Work Platform Market

According to a new report published by Allied Market Research, titled, “Aerial Work Platform Market by Type, Operation, Lift Height, and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global aerial work platform market size is expected to reach $14.3 billion in 2027 from $9.3 billion in 2019, growing at a CAGR of 7.7% from 2020 to 2027. In 2019, North America dominated the market, in terms of revenue, accounting for a 44.0% share of the global aerial work platform market.

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Aerial Work Platform Market by Type (Boom Lifts, Scissor Lifts, Vehicle Mounted Platforms, and Others), Operation (Fuel Powered, Electric, and Hybrid), Lifting Height (20 feet, 20 to 50 feet, 50 to 70 feet, and Above 70 feet), and End-User Industry (Construction, Utilities, Logistics & Transportation, and Others)

Aerial work platform (AWP) are personnel lifting devices used in industries such as construction, retail, warehousing, utilities, and others. Aerial work platforms are also called as mobile elevating work platforms, aerial lifts, cherry pickers, bucket trucks, and others, and are available in various types such as scissor lifts, articulated and telescopic boom lifts, vehicle mounted platforms, and others. Moreover, aerial work platforms assist in working on heights, which reduces the risk of accidents caused by older equipment such as scaffolding platforms and others.

Covid-19 Impact Analysis

The COVID-19 pandemic has negatively affected the aerial work platform market mainly due to the halt in international trade, prolonged lockdowns, and ceased manufacturing processes. The reduction in demand from the construction and logistics industry during 2020 owing to the disrupted supply chains is expected to decline the growth of the market.

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Key Benefits For Stakeholders

The report provides an extensive analysis of the current and emerging global aerial work platform market trends and dynamics.

In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.

Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive aerial work platform market analysis of all the countries is also provided in the report.

The global aerial work platform market forecast analysis from 2020 to 2027 is included in the report.

The key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.

Speak to Our Expert Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/11469

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
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Fax: +1(855)550-5975
help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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