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Aerial Work Platform (AWP) Market Research Report: Overview With Geographical Segmentation By Revenue With Forecast 2031
Aerial work platforms might even have advanced features including access and transport, including electrical outlets and compressed air connectors for power tools. It can also be fitted with specialized equipment, such as window glass frames and underbridge units for lifting operators to a certain height required for any working location.
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Moreover, the rapid development for equipment from myriad industries has pushed manufacturers to sell technically fitted instruments such as electrification and hybridization technology, thus further widening the potential of development over the near future for the market for aerial work platforms. Scissor lifts are likely to remain highly preferred, accounting for over half of aerial work platform sold through 2031.
Key Takeaways of Aerial Work Platforms Market Study
• Between 2021 and 2031, the aerial work platform market will expand at a CAGR of 12.0%
• The U.S. will emerge as a highly lucrative pocket, accounting for over 90% of North America market in 2021, in terms of value
• The U.K. will exhibit steady growth post slowdown in 2020. FMI projects it to record above 1.5% Y-o-Y growth in 2021
• Rising construction spending will continue supporting demand from Germany and France
• Investment in infrastructural development will boost growth in Japan, South Korea, and China
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Key Players:
Some of the leading companies operating in the aerial work platforms market are J C BAMFORD EXCAVATORS Ltd., Aichi Corporation, Haulotte Group, Linamar Corporation, Hunan Sinoboom Heavy Industry Co. Ltd., Manitou Group, Tadano Limited, Zhejiang Dingli Machinery Co., Ltd., OSHKOSH CORPORATION, MEC AERIAL WORK PLATFORMS, PALFINGER AG, IMER INTERNATIONAL SpA, MANTALL HEAVY INDUSTRY CO., LTD, NOBLELIFT INTELLIGENT EQUIPMENTCO.,LTD. These companies have been focusing on product launches besides strategic collaborations to gain competitive advantage.
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Key segment:
Product Type
• Boom Lifts
• Scissor Lifts
• Truck/Crawler Mounted Lifts
• Push Around Aerial Work Platforms
• Spider Lifts
• Others
Platform Working Height
• Below 10 Meters
• 10 to 20 Meters
• 20 to 30 Meters
• Above 30 Meters
Fuel
• Gas/ Diesel
• Electric
• Hybrid
End User
• Industry
• Construction
• Mining
• Transportation and Logistics
• Manufacturing
• Aerospace and Defence
• Others (Utility, Government etc.)
• Rental Providers
Region
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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