Global Aerial Work Platform Market to Grow at 7.18% During 2023-2028, Impelled by the Significant Growth in the Construction Industry

December 09, 2021 | Chemical & Materials

The latest report by IMARC Group, titled “Aerial Work Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global aerial work platform market is expected to grow at a CAGR of 7.18% during 2023-2028. Aerial work platforms (AWP) or elevating work platforms (EWP) are mechanical aerial devices that allow people and equipment to reach inaccessible or remote areas. They are specifically designed for elevating personnel up to a suitable height and offer a stable and safe base during the uplift stage. AWPs can be used in both indoor and outdoor settings due to their versatile and efficient nature. In addition, they can be fitted with specialized equipment like window glass frames and under-bridge units for lifting operators at work locations. As a result, they are primarily used to access construction and maintenance work areas. They also find applications in the renovation, maintenance, utilities, transportation and logistics, and other end user industries.

Global Aerial Work Platform Market Trends:

The market is primarily driven by significant growth in the construction industry as AWPs are increasingly used in commercial construction activities. Besides this, the development of smart cities and maintenance of the existing infrastructure is also contributing to the market growth. In addition to this, the stable working conditions offered by AWPs helps in reducing accidents and fatalities on construction sites, which, in turn, is also propelling their demand over traditional scaffoldings. Moreover, governments across various countries are extensively investing in building commercial complexes and public transport infrastructure, which is fueling the market growth. Furthermore, technological advancements, such as the integration of tilt sensors and automatic self-checking instruments in novel AWPs, are also creating growth opportunities for market players. These systems facilitate real-time warnings and alerts to the operators, which enhances the operation safety of the equipment.

Market Summary:

Based on the engine type, the market has been segmented into electric and fuel-powered.
On the basis of the product type, the market has been classified into boom lifts, scissor lifts, truck/crawler mounted lifts, push around aerial work platforms, spider lifts, and others.
The market has been categorized based on the application into construction, retail, storage and warehouses, transportation and logistics, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Aichi Corporation (Toyota Industries Corporation), Dinolift OY, Haulotte Group (Solem SA), Hunan Sinoboom Intelligent Equipment Co. Limited, JLG Industries (Oshkosh Corporation), LGMG North America Inc., Linamar Corporation, Manitou Group, MEC Aerial Work Platforms, Tadano Limited, Terex Corporation, and Zhejiang Dingli Machinery Co. Limited.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Engine Type, Product Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Aerial Work Platform Market to Grow at 7.18% During 2023-2028, Impelled by the Significant Growth in the Construction Industry

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