Aerial Work Platform Market Valuation US$ 13.5 Billion During 2023-2028 | Growth Rate (CAGR) of 7.18%

What is the aerial work platform?

An aerial work platform is a mechanical device that provides temporary access to high areas for maintenance, construction, and other tasks. Also known as an aerial lift or elevated work platform consists of a platform or bucket attached to a hydraulic arm or mechanical boom that can be raised or lowered to various heights. It can be operated from the platform or by a remote control. It is available in different types, including scissors, boom, and vertical lifts, each with unique features and applications. It is widely used in construction, manufacturing, and maintenance industries, providing safe and efficient access to high areas.

According to the latest report by IMARC Group, titled "Aerial Work Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global aerial work platform market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global aerial work platform market size reached US$ 8.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.18% during 2023-2028.

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Market Trends:

The global market is primarily driven by the increasing demand for AWPs in various applications, such as construction, manufacturing, and maintenance. In line with this, the growing emphasis on workplace safety is significantly contributing to market growth. Furthermore, the rising need for efficient and reliable access to high areas is positively influencing the market. Apart from this, the heavy investments by the governments in constructing residential buildings, commercial complexes, public transport infrastructure, and others is catalyzing the demand for aerial work platform (AWP).

Moreover, the rapid development in urban and rural infrastructure across the globe is creating a positive outlook for the market. Additionally, the escalating initiatives by various governments to provide technological facilities, including electrical utilities and telecommunication, are anticipated to provide a boost to the market.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• Aichi Corporation (Toyota Industries Corporation)
• Dinolift OY
• Haulotte Group (Solem SA)
• Hunan Sinoboom Intelligent Equipment Co. Ltd.
• JLG Industries (Oshkosh Corporation)
• LGMG North America Inc.
• Linamar Corporation
• Manitou Group
• MEC Aerial Work Platforms
• Tadano Ltd.
• Zhejiang Dingli Machinery Co Ltd

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/aerial-work-platform-market

Key Market Segmentation:

Breakup by Engine Type:

• Electric
• Fuel-powered

Breakup by Product Type:

• Boom Lifts
• Scissor Lifts
• Truck/Crawler Mounted Lifts
• Push Around Aerial Work Platforms
• Spider Lifts
• Others

Breakup by Application:

• Construction
• Retail, Storage and Warehouses
• Transportation and Logistics
• Others

Also Read Latest Blog on the Top 12 Aerial Work Platform Companies in the World: https://www.imarcgroup.com/top-aerial-work-platform-companies

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
• Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.