Aerial Work Platforms (AWP) Market to Expanding Rapidly as Toyota Forklift launches new AICHI Vertical Mast lift for construction and maintenance work

Aerial Work Platforms (AWP) Market Forecast : The global Aerial Work Platforms (AWP) market is estimated to account for US$ 16,251 million by 2027

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [120 Pages]

Aerial Work Platforms (AWPs) are one of the most popular applications in architecture, engineering, and landscape design. These platforms enable construction and aerial support services and can even be utilized for aerial photography. Aerial platform platforms can be mounted to any kind of flat surface, including a building, roof, skylight, or even on the ground. But, most platforms are built with only two main considerations: stability and mobility. Aerial Work Platform Systems includes two basic components. The first of these is the aerial lift itself, which is generally constructed from a combination of metal, wood, fiberglass, and aluminum. This is then connected to the platform itself by either cables rope, pulleys, or an aerial cable system. A standard aerial work platform has a mast at the bottom which can reach up to three thousand feet above the ground.

Major Players in Current Industry: Linamar Corporation, JLG Industries, Inc., MEC Aerial Work Platforms, Tadano Ltd., Haulotte Group, Mtandt Limited, V-tech Hydraulics, Zhejiang Dingli Machinery Co, Ltd., and Snorkel International, Inc.

𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 𝗔𝗲𝗿𝗶𝗮𝗹 𝗪𝗼𝗿𝗸 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺𝘀 (𝗔𝗪𝗣) 𝗠𝗮𝗿𝗸𝗲𝘁
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The development of technologically advanced access platforms is expected to drive growth of the global aerial work platforms (AWP) market in the near future. Key companies in the market are focused on research and development activities, in order to expand the product portfolio and gain a competitive edge in the market. For instance, in November 2018, Zoomlion introduced new aerial work products namely straight-arm aerial work operation platform ZT16J and curved arm aerial work platform ZA14J. Furthermore, in October 2020, Manitou Asia, a subsidiary of Manitou Group, introduced 280 TJ-X, an aerial work platform with the highest working height. Hence, such activities are expected to accelerate growth of the global aerial work platforms (AWP) market during the forecast period. Furthermore, increasing infrastructure projects in Indonesia and Thailand combined with growing investment in mining projects in Latin America is expected to boost the global aerial work platform (AWP) market growth in the near future.

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However, the lack of skilled personnel to operate these platforms as well as high cost of these platforms is expected to hinder the global aerial work platforms (AWP) market growth in the near future. Among regions, Asia Pacific is expected to witness massive growth in the global aerial work platforms (AWP) market during the forecast period. This is owing to increasing investment in public transport infrastructures such as railway stations, metro stations, and airports. Furthermore, increasing deployment of AWO in construction sites to lift workers and materials to elevated height safely can boost the regional market.

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