openPR Logo
Press release

Aerial Work Platforms Market to Reach a Market Value of US$ 15.3 Bn by the End of 2026

03-21-2017 02:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Aerial Work Platforms Market to Reach a Market Value of US$ 15.3 Bn

The global aerial work platforms (AWP) market is projected to increase at a CAGR of 6.5%, reaching a market value of US$ 15.3 Bn by the end of the forecast period (2016-2026). Global AWP sales are expected to touch 88,622 units by the end of 2016, valued at US$ 8.1 Bn. With the global construction industry getting more sophisticated and mechanised, the use of AWP is expected to grow throughout the world. Stringent safety and labour laws are further expected to push demand globally and this is likely to boost growth of the global aerial work platforms market significantly.

The global AWP market is segmented based on product type into boom lifts and scissor lifts; on the basis of ownership into rental service providers and end-use industries; and on the basis of motive mechanism into self-propelled, and manually propelled. The scissor lifts segment is estimated to dominate the global AWP market by the end of 2016, accounting for 57.2% share in terms of value.

Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1797

Factors impacting the market and forecasted trends

Growth in the construction industry, stringent labour laws and government regulations, and strict adherence to human safety concerns are some of the factors driving the growth of the global AWP market. These factors are expected to influence and upsurge the demand for AWP over the forecast period. Furthermore, simple and attractive equipment financing options and a diversified product portfolio offered by manufacturers while meeting the customised demands of AWP buyers is expected to play a crucial role in global AWP market growth. Further, a rising demand for AWP from the telecommunication and electrical lines maintenance business vertical is another factor fuelling the growth of the global AWP market through 2026. However, high capital and maintenance costs of AWP machines and lack of machine specific training to operators are some factors that are likely to pose challenges to market growth.

A noticeable trend in the global AWP market indicates a growing inclination of end users towards renting aerial work platforms rather than owning one. AWP rental companies are directing their efforts on training operators and are projecting this as a unique selling point for their business. Leading rental companies are also opting for fleet diversification by increasing the use of very high AWP systems and using self-propelled equipment with advanced and customised telematics.

Region-wise market forecast

The global aerial work platforms (AWP) market is estimated to be valued at US$ 15.3 Bn by the end of 2026, increasing at a CAGR of 6.5% during the forecast period. North America is slated to dominate the global AWP market with a 48.3% market revenue share, valued at US$ 3.9 Bn by the end of 2016. In terms of revenue, this region is anticipated to account for 45.5% revenue share of the overall AWP market by the end of the forecast period, expanding at a CAGR of 5.9%. The North America and Western Europe markets are collectively estimated to account for over two-thirds of the global market share by the end of 2016. Sales revenue in the APEJ market is poised to increase at the fastest CAGR of 11.7% between 2016 and 2026. China is expected to lead overall market growth in this region.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1797

Aerial Work Platforms_Image for Preview Analysis

Leading market players

Linamar Corporation, JLG Industries, Inc., MEC Aerial Work Platforms, Terex Corporation, Tadano Ltd., Haulotte Group, Mtandt Limited, V-tech Hydraulics, Zhejiang Dingli Machinery Co. Ltd., and Snorkel International, Inc. are currently the market leaders operating in the global aerial work platforms market.

About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

Contact Us:
Future Market Insights
616 Corporate Way,
Suite 2-9018,
Valley Cottage,
New York 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aerial Work Platforms Market to Reach a Market Value of US$ 15.3 Bn by the End of 2026 here

News-ID: 475404 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for AWP

AWP Rental Market Current Trends Analysis and Growth Projection over 2019 – 20 …
The emerging trend of the contractors toward renting of the equipment is due to the inherent flexibility that makes AWP the perfect rental equipment. The access AWP rental market is showing a continuous upward trajectory and is expected to witness growth owing to the increased consumer spending followed by growing commercial activities. The increased government investments in infrastructural activities have provided the potential for the increased growth of the AWP
AWP Rental Market to procure substantial revenue over the forecast timespan
Increasing investments for the construction of infrastructures such as such as manufacturing facilities, airports, power plants, and roadways are expected to drive the AWP rental market during the forecast timeline. The sturdy crisscross structure of the lifts ensures complete safety while lifting people. The range of applications of scissor lifts in various industries including aerospace, mining, oil & gas, automotive, port building, and construction is also anticipated to escalate the
Aerial Work Platform Rental (AWP) Market Size, Trends, Global Analysis, Top Comp …
The Global Aerial Work Platform Rental (AWP) Market is valued at 15600 million US$ in 2018 is expected to reach 21300 million US$ by the end of 2025, growing at a CAGR of 4.0% during 2019-2025. AWP is a mechanical device used to provide temporary access for people or equipment to inaccessible areas, usually at height. They are generally used for temporary, flexible access purposes such as maintenance and construction work
AWP Rental Market Become Dominant At CAGR Of 4% By 2024
North America is anticipated to dominate the AWP Rental Market as a result of repair and maintenance of existing structures, and the rapid development of the construction industry in the region. Other major trends in the industry that are contributing significantly to the regional growth include strict adherence to human safety concerns by companies offering rental equipment. In addition, competition between leading players to offer enhanced after sales and maintenance
Global Scissor AWP Market 2018 - Terex, JLG, Aichi, Haulotte, Skyjack
Apex Market Reports, recently published a detailed market research study focused on the “Scissor AWP Market” across the global, regional and country level. The report provides 360° analysis of “Scissor AWP Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Scissor AWP on
Global Telescoping Boom AWP Market 2018 - Terex, JLG, Aichi, Haulotte, Skyjack
Apex Market Reports, recently published a detailed market research study focused on the “Telescoping Boom AWP Market” across the global, regional and country level. The report provides 360° analysis of “Telescoping Boom AWP Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Telescoping