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Press Release:

Global Aerial Work Platform Market to Grow at 7% During 2021-2026, Impelled by the Significant Growth in the Construction Industry

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Aerial Work Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global aerial work platform market exhibited moderate growth during 2015-2020. Aerial work platforms (AWP), or bucket trucks, refer to mechanical aerial devices used for performing airborne maintenance and construction activities at elevated platforms or heights. The platform is equipped with the scissor, boom, vertical and articulated bool lifts, compressed air connectors, power tools and specialized equipment, such as window glass frames and under-bridge units, for lifting operators. AWP provides enhanced security, mobility and flexibility to the operator to reach narrow and challenging areas of the constructions. As a result, they are widely used for construction, transportation and logistics, retail, warehouse & storage applications.

The growing construction industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the increasing development of smart cities and the widespread product adoption for conducting the maintenance activities of existing infrastructure is also driving the market growth. Construction organizations are also emphasizing on enhancing worker and operator safety while performing maintenance activities, thereby favoring the growth of the market. In line with this, the availability of rental services for temporarily hiring AWPs is also contributing to the market growth. Various technological advancements, such as the integration of tilt sensors and automatic self-checking instruments in novel AWPs, are acting as other growth-inducing factors. These advanced systems provide real-time warnings and alerts to the operator, thereby enhancing the operational safety of the equipment. Other factors, including the construction of high-rise buildings, along with extensive infrastructural developments, especially in the developing economies, are anticipated to drive the market further. Looking forward, IMARC Group expects the global aerial work platform market to grow at a CAGR of around 7% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aerial work platform market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, engine type, product type and application.

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
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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., Terex Corporation and Zhejiang Dingli Machinery Co Ltd.

 

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Aerial Work Platform Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Engine Type
    6.1    Electric
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Fuel-powered
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Product Type
    7.1    Boom Lifts
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Scissor Lifts
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Truck/Crawler Mounted Lifts
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Push Around Aerial Work Platforms
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Spider Lifts
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Application
    8.1    Construction
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Retail, Storage and Warehouses
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Transportation and Logistics
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Aichi Corporation (Toyota Industries Corporation)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Dinolift OY
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Haulotte Group (Solem SA)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Hunan Sinoboom Intelligent Equipment Co Ltd.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    JLG Industries (Oshkosh Corporation)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    LGMG North America Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Linamar Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Manitou Group
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    MEC Aerial Work Platforms
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Tadano Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    Terex Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Zhejiang Dingli Machinery Co. Ltd.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials

List of Figures

Figure 1: Global: Aerial Work Platform Market: Major Drivers and Challenges
Figure 2: Global: Aerial Work Platform Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Aerial Work Platform Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Aerial Work Platform Market: Breakup by Engine Type (in %), 2020
Figure 5: Global: Aerial Work Platform Market: Breakup by Product Type (in %), 2020
Figure 6: Global: Aerial Work Platform Market: Breakup by Application (in %), 2020
Figure 7: Global: Aerial Work Platform Market: Breakup by Region (in %), 2020
Figure 8: Global: Aerial Work Platform (Electric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Aerial Work Platform (Electric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Aerial Work Platform (Fuel-powered) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Aerial Work Platform (Fuel-powered) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Aerial Work Platform (Boom Lifts) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Aerial Work Platform (Boom Lifts) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Aerial Work Platform (Scissor Lifts) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Aerial Work Platform (Scissor Lifts) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Aerial Work Platform (Truck/Crawler Mounted Lifts) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Aerial Work Platform (Truck/Crawler Mounted Lifts) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Aerial Work Platform (Push Around Aerial Work Platforms) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Aerial Work Platform (Push Around Aerial Work Platforms) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Aerial Work Platform (Spider Lifts) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Aerial Work Platform (Spider Lifts) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Aerial Work Platform (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Aerial Work Platform (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Aerial Work Platform (Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Aerial Work Platform (Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Aerial Work Platform (Retail, Storage, and Warehouses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Aerial Work Platform (Retail, Storage, and Warehouses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Aerial Work Platform (Transportation and Logistics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Aerial Work Platform (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Aerial Work Platform (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Aerial Work Platform (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: North America: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: North America: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: United States: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: United States: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Canada: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Canada: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Asia-Pacific: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Asia-Pacific: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: China: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: China: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Japan: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Japan: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: India: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: India: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: South Korea: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: South Korea: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Australia: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Australia: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Indonesia: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Indonesia: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Others: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Others: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Europe: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Europe: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Germany: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Germany: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: France: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: France: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: United Kingdom: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: United Kingdom: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Italy: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Italy: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Spain: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Spain: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Russia: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Russia: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Latin America: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Latin America: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Brazil: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Brazil: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Mexico: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Mexico: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Others: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Others: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Middle East and Africa: Aerial Work Platform Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Middle East and Africa: Aerial Work Platform Market: Breakup by Country (in %), 2020
Figure 80: Middle East and Africa: Aerial Work Platform Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Global: Aerial Work Platform Industry: SWOT Analysis
Figure 82: Global: Aerial Work Platform Industry: Value Chain Analysis
Figure 83: Global: Aerial Work Platform Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Aerial Work Platform Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Aerial Work Platform Market Forecast: Breakup by Engine Type (in Million US$), 2021-2026
Table 3: Global: Aerial Work Platform Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 4: Global: Aerial Work Platform Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Aerial Work Platform Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Aerial Work Platform Market: Competitive Structure
Table 7: Global: Aerial Work Platform Market: Key Players


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Key Questions Answered in This Report

We expect the global aerial work platform market to exhibit a CAGR of around 7% during 2021-2026.
 

The rising adoption of aerial work platform across various end use sectors, like construction, transportation and logistics, retail, warehouse and storage, etc., for enhanced security, mobility and flexibility, is primarily driving the global aerial work platform market.
 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous end-use industries for aerial work platform, thereby negatively impacting the market growth.
 

Based on the engine type, the global aerial work platform market can be segmented into electric and fuel-powered. Currently, electric engine holds the majority of the total market share.
 

Based on the product type, the global aerial work platform market has been divided into boom lifts, scissor lifts, truck/crawler mounted lifts, push around aerial work platforms, spider lifts, and others, where boom lifts currently exhibit a clear dominance in the market.
 

Based on the application, the global aerial work platform market can be categorized into construction, retail, storage and warehouses, transportation and logistics, and others. Among these, the construction sector currently accounts for the largest market share.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market. 
 

Some of the major players in the global aerial work platform market 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., Terex Corporation, and Zhejiang Dingli Machinery Co Ltd.

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