Press release
Soaring High: Global Aerial Work Platform Market to Reach $18.97 Billion in 2029, Propelled by Robust Construction Activities and Innovation
What Is The Projected Market Size Of The Global Aerial Work Platform Market And Its Growth Rate?
• The aerial work platform market has shown a robust growth recently, rising from $13.23 billion in 2024 to $14.06 billion in 2025, registering a compound annual growth rate (CAGR) of 6.3%.
• The growth during this period was primarily attributed to factors such as increased greenhouse farming, pest infestations prevention, crop protection, crop yield enhancement, and UV radiation protection.
• The market is expected to continue this strong growth in the coming years, reaching $18.97 billion in 2029 at a CAGR of 7.8%.
• The growth drivers in the forecast period include population growth and food security, changing climatic conditions, increased precision agriculture adoption, vertical farming rise, and sustainable agriculture initiatives.
What Is Driving The Growth In The Aerial Work Platform Market?
The growth in the aerial work platform market is predominantly driven by a surge in residential and commercial construction activities. Residential and commercial constructions refer to the large-scale projects that involve the construction of structures for different purposes - homes, apartments, and buildings used either residentially or commercially. Aerial work platforms (AWPs), providing temporary access to elevated areas, are increasingly used in these constructions, aiding workers in tasks like roofing, painting, window cleaning, electrical work, and construction in a safer and easier manner. For instance, data from the Office for National Statistics UK-based government agency reveals that the value of new construction work in Great Britain spiked by 15.8% to a record $173,100 million (£132,989 million) in 2022, driven by growth in private sector work amounting to $18,343 million (£14,093 million) and public sector work totaling $5294 million (£4,068 million), thereby propelling the rise in the aerial work platform market.
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Who Are the Key Players Driving Aerial Work Platform Market Growth?
• MEC Aerial Work Platforms
• JLG Industries Inc.
• Galmon (S) Pte Ltd.
• Aichi Corporation
• Haulotte Group SA
• EdmoLift AB
• Manitou Group
• Linamar Corporation
• Advance Lifts Inc.
• Altec Industries Inc.
• Oshkosh Corporation
• Skyjack Inc.
• Tadano Limited
• Liebherr-International AG
• Palfinger AG
• Ponss Group
• Hunan Sinoboom Intelligent Equipment Co. Ltd.
• LGMG Holding S.p.A.
• Zhejiang Dingli Machinery Co. Ltd.
• XCMG Group
• Ruthmann GmbH
• Teupen Maschinenbau GmbH
• Time Benelux NV
• Econo Lift Ltd.
• Bishamon Industries Corp.
• Snorkel International Ltd.
• Genie
• Holland Lift
• Dinolift OY
What Are The Key Trends In The Aerial Work Platform Market?
• Innovation in net materials
• Anti-hail and frost protection nets
• Netting for organic farming
• Netting for shade and climate control
• Collaboration between farmers and technology providers
What Are The Segments Of The Global Aerial Work Platform Market?
• By Product Type: Scissor Lifts, Boom Lifts, Telehandler, Other Product Types
• By Fuel Type: Fuel-Based, Electric, Hybrid
• By Lifting Height: 20 Feet, 20 To 50 Feet, 50 To 70 Feet, Above 70 Feet
• By End-User Industry: Construction, Utilities, Logistics And Transportation, Other End-User Industries
Which Region Leads The Aerial Work Platform Market?
North America was the largest region in the aerial work platform market in 2024. The fastest-growing region, however, is expected to be Asia-Pacific in the global aerial work platform market during the forecast period. The regions covered in the aerial work platform market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aerial Work Platform Market Global Market Report?
- Market Size Analysis: Analyze the Aerial Work Platform Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerial Work Platform Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerial Work Platform Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerial Work Platform Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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