Reaching New Heights: Aerial Work Platform Market Soars to US$ 18.5 Billion by 2030, Fueled by Construction Boom and Innovation, RationalStat Reports

The global aerial work platforms market is projected to reach US$ 18.5 billion by 2030, at a CAGR of 8.8%.

Global Aerial Work Platforms Market size is valued at US$ 10.3 billion in 2023 and is predicted to rise at a substantial CAGR of 8.8% during the forecast period of 2023 and 2030 according to RationalStat analysis.

Market Definition, Market Scope, and Report Overview

The aerial work platforms (AWP) market is driven by several factors that contribute to its growth and demand. The construction industry is a major driver for the AWP market. As construction projects increase in scale and complexity, the need for safe and efficient access to elevated areas becomes essential. Aerial work platforms provide a reliable solution for tasks such as building construction, infrastructure development, maintenance, and repairs.

Further, the need for infrastructure upgrades and renovations, including bridges, roadways, and buildings, drives the demand for aerial work platforms. Aging infrastructure requires frequent inspections, repairs, and maintenance to ensure structural integrity and safety. Aerial work platforms enable access to elevated areas during these projects, making them an essential tool for infrastructure development.

• According to a deep-dive market assessment by RationalStat, the aerial work platforms market has been analyzed on the basis of market segments, including type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the aerial work platforms market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the aerial work platforms market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Aerial Work Platforms Market: Segmental and Market Share Analysis

• On the basis of the type, the scissor lifts segment is anticipated to hold to major market share owing to the features such as remote operated, motorized lifts, and also reduces accidents.
Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 10.3 billion
Market Size Forecast US$ 18.5 billion
Growth Rate 8.8%
Dominant Segment Scissor Lifts Segment
Leading Region North America

Key Market Drivers
• Increase in government initiatives
• Manufacturing and infrastructural developments
• Technological progression in products
• Increasing safety standards across the globe

Companies Profiled
• AICHI CORPORATION
• Advance Lifts, Inc.
• Altec Industries
• Bronto Skylift
• DINOLIFT OY
• EdmoLift AB
• HAULOTTE GROUP
• JLG Industries
• Linamar Corporation

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Competition Analysis and Market Structure

Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the aerial work platforms market include,

• In August 2022, Zhejiang Dingli Machinery Co Ltd launched a new electric boom lift. It is operated by electric, diesel, and hybrid.

• In March 2022, Haulotte signed a partnership with Jungheinrich AG, which deals in material handling equipment and aerial lift products. The partnership is aimed to introduce new sales and service centers in Norway.

Some of the prominent players and suppliers operating and contributing significantly to the probiotics supplement market growth include AICHI CORPORATION, Advance Lifts, Inc., Altec Industries, Bronto Skylift, DINOLIFT OY, EdmoLift AB, HAULOTTE GROUP, JLG Industries, Linamar Corporation, among others.

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RationalStat has segmented the aerial work platforms market based on type, application, and region
• Global Aerial Work Platforms Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
o Boom Lifts
o New Sales
o Rental
o Scissor Lifts
o New Sales
o Rental
o Vertical Lifts
o New Sales
o Rental
• Global Aerial Work Platforms Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
o Construction
o Utilities
o Logistics & Transportation
o Media & Entertainment
o Municipalities
o Warehouses
o Others
• Global Aerial Work Platforms Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Aerial Work Platforms Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Aerial Work Platforms Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Aerial Work Platforms Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Aerial Work Platforms Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Aerial Work Platforms Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Aerial Work Platforms Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Aerial Work Platforms Report:
• What will be the market value of the aerial work platforms market by 2030?
• What is the market size of the aerial work platforms market?
• What are the market drivers of the aerial work platforms market?
• What are the key trends in the aerial work platforms market?
• Which is the leading region in the aerial work platforms market?
• What are the major companies operating in the aerial work platforms market?
• What are the market shares by key segments in the aerial work platforms market?

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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoints to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
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