The market for Aerial Work Platforms Market is expected to reach US$ XX in 2026.
The aerial work platforms market volume stood at 90,100 units in 2017 and is set to register robust growth over the forecast period. The ease of operation, the mobility offered, and the safety provided by aerial work platforms have made them ideal solutions for infrastructure development, maintenance, and repair activities across numerous applications. The market is highly driven by the consistently rising number of construction and infrastructure projects worldwide.
Being one of the most integral pieces of equipment used across such projects, the aerial work platforms market is set to continue witnessing strong growth during the forecast period. Another major factor supporting market growth is the increasing number of regulations enforced for labor safety. Public safety organizations (such as OSHA) recommend using aerial work platforms instead of conventional equipment such as ladders. With growing awareness of labor safety, the demand for aerial work platforms has witnessed gradual growth across the world.
In 2017, the global aerial work platforms market was led by the boom lifts segment, contributing to over 2/3 of the total market value generated worldwide. These machines offer better operation as compared to their scissor-type counterparts. Due to their higher accessibility and flexibility, boom lifts remain the preferred equipment across a wide range of applications. Subsequently, the segment is expected to retain its dominance over the forecast period. The segment is further categorized into articulating booms and telescopic booms.
Some of the prominent players operating in the aerial work platforms market include JLG Industries, Inc., Terex Corporation (Genie), Tadano Ltd., Linamar Corporation (Skyjack), Palfinger AG, Haulotte Group, IMER International S.p.A., Aichi Corporation, Hunan SINOBOOM Heavy Industry Co., Ltd., Altec Industries, Inc., J. C. Bamford Excavators Ltd., Noblelift Intelligent Equipment Co., Ltd., Bronto Skylift Oy Ab, Manitou Group, Alimak Hek Group AB, and others.
This research report presents the analysis of each segment from 2016 to 2026,considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 t2026.
The aerial work platforms market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global aerial work platform market based on product type, operation, fuel type, and geography. Key segments covered in the report are as follows:
The market for Aerial Work Platforms Market is expected to reach US$ XX in 2026.
The Aerial Work Platforms Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted to 2018-2026.
The base year of this report is 2017.
Terex Corporation (Genie), Tadano Ltd., Linamar Corporation (Skyjack), Palfinger AG, Haulotte Group, IMER International S.p.A .are some of the major players in the global market.