Aerial Work Platforms (AWPs) Market By Product Type (Scissor Lift, Boom Lift (Telescopic, Articulating)), By Operation (Self-operated, Manual Operated), By Fuel Type (Gas/Diesel, Electric and Hybrid) – Growth, Future Prospects & Competitive Analysis, 2018 - 2026

Construction and transportation sectors are expected to drive the Aerial Work Platforms Market.

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.

Market Synopsis

Boom Lift Aerial Work Platforms Segment to Maintain Market Dominance

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.

Rental service providers must compete fiercely in order for the market to be competitive.

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.

Periods of History and Forecast

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.

Report Scope by Segments

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:

Key questions are answered in this report.

  • What was the market size (revenue and volume) of aerial work platforms in 2017, and what is forecast up to 2026?
  • Which is the largest regional market for aerial work platforms?
  • What are the major trends followed in overall aerial work platforms across different regions?
  • Who are the key aerial work platform companies leading the market?
  • What are the key strategies adopted by the leading aerial work platform companies in the market?

This report's distinct data points

  • Statistics on the construction and transportation sectors worldwide
  • Recent trends across different regions in terms of the adoption of aerial work platforms across different industry verticals, regulations on labor safety
  • Attractive investment opportunities in terms of fuel type, product type segment, and geography
  • Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
  • The market size in terms of revenue, units, and installed base

Frequently Asked Question:

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.

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Published Date:  Jan 2019
Category:  Building & Construction
Report ID:   59514
Report Format:   PDF
Pages:   120
Rating:    4.6 (59)
Delivery Time: 24 Hours to 48 Hours   
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