Global Aerial Work Platform Market Outlook 2028
14 Apr 2021
Building & Constructions
Impact Analysis on the Growth of Market
Activating Probable Propositions Amidst COVID-19 Crisis
With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss. Know More
An aerial work platform (AWP) consists of a platform, and one or many articulated boom arms, along with a control panel in the platform, and is used by a worker to access unapproachable areas which is usually at a certain height. Also known as an elevating work platform (EWP), aerial device, mobile elevating work platform (MEWP) or bucket truck, these platforms are widely used across several industries as they enhance the efficiency of work processes. The global aerial work platform is anticipated to grow at an expected CAGR of 5.98% during the forecast period, i.e., 2020-2028. Factors such as the growing adoption of advanced technologies in constructional projects to enhance process efficiency, along with the need for the maintenance of old buildings, and the growing dependency on heavy machine rentals are some of the factors driving the growth of the market. Additionally, factors such as rising urbanization around the world, along with the growing expenditure on construction activities, are anticipated to escalate the market growth at a steadfast pace.
The global aerial work platform market consists of segments that are segmented by product and by region. The product segment is further segmented into boom lifts, scissor lifts, telehandlers/forklifts, vertical mast lifts, and others. Out of these segments, the scissor lifts segment is anticipated to register the largest market share during the forecast period. Scissor lifts provide high-power performance when operated in rough terrains.
Based on region, the global aerial work platform market is segmented into four major regions including North America, Europe, China and Rest of the World. The market in North America is anticipated to hold the highest share in the year 2021. Further, the market in the region is also anticipated to grow by recording a share close to 41% for new demand for AWPs in the year 2021, along with a share of nearly 42% for replacement demand for AWPs in the year 2021.
Some of the affluent industry leaders in the global aerial work platform market are Terex Corporation, JLG Industries (Oshkosh Corporation, Inc.), Skyjack (Linamar Corporation), Zhejiang Dingli Machinery Co, Ltd., Haulotte Group SA, Calcanto Werbeagentur, Niftylift (UK) Limited, Manitou BF and others.
1. Global Aerial Work Platform Market
2. Global Aerial Work Platform Market
2.1. New Demand by Region
2.2. New Demand by Product
2.3. Replacement Demand by Region
2.4. Replacement Demand by Product
2.5. Fleet Size by Region
2.6. Fleet Size by Product
3. North America Aerial Work Platform Market
3.1. New Demand by Product
3.2. Replacement Demand by Product
3.3. Fleet Size by Product
4. Europe Aerial Work Platform Market
4.1. New Demand by Product
4.2. Replacement Demand by Product
4.3. Fleet Size by Product
5. China Aerial Work Platform Market
5.1. New Demand by Product
5.2. Replacement Demand by Product
5.3. Fleet Size by Product
6. Market Share Analysis of Global Aerial Work Platform