"Steadily Rising Construction and Transportation Sectors to Drive the Aerial Work Platforms Market"
The aerial work platforms market volume stood at 90,100 units in the year 2017 and is set to register robust growth over the forecast period. The ease of operation, mobility offered, and 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 construction and infrastructure projects worldwide. Being one of the most integral 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 the 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 towards labor safety, the demand for aerial work platforms has witnessed gradual growth across the world.
Market Synopsis
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"Boom Lift Aerial Work Platforms Segment to Retain its Dominance in the Market"
In 2017, the global aerial work platforms market was led by the boom lifts segment, contributing to over 2/3rd of the total market value generated worldwide. These equipment offer better operation as compared to the scissor type counterparts. Due to 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.
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"Stiff Competition from Rental Service Providers to Make the Market 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, Snorkel Lifts and others.
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Historical & Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
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 global aerial work platforms market based on product type, operation, fuel type and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2016-2026 |
| Base Year |
2017 |
| Forecast Period |
2018-2026 |
| Historical Year |
2016 |
| Unit |
USD Million |
| Segmentation |
Product Type Segment (2016–2026; US$ Mn)
• Scissor Lift Aerial Work Platforms
• Boom Lift Aerial Work Platforms
o Articulating Boom
o Telescopic Boom
|
|
Operation Segment (2016–2026; US$ Mn)
• Self-propelled
• Manual
|
|
Fuel Type Segment (2016–2026; US$ Mn)
• Gas/Diesel
• Electric
• Hybrid
|
|
Geography Segment (2016–2026; US$ Mn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- What was the market size (revenue and volume) of aerial work platforms in 2017 and 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 platforms companies leading the market?
- What are the key strategies adopted by the leading aerial work platforms companies in market?
Unique data points of this report
- Statistics on construction and transportation sectors worldwide
- Recent trends across different regions in terms of adoption of aerial work platforms across different industry verticals; regulations on labor safety
- Attractive investment proposition for fuel type, product type segment as well as geography
- Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
- Market size in terms of revenue, units and installed base
