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We expect the global aerial work platform market to exhibit a CAGR of 7.28% during 2022-2027.
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 retail, storage and warehouses 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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