Global Aerial Work Platform Market, By Product (Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts), Type (Electric, Engine-Powered), Platform Height (Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, Above 25 Meters), Application (Rental, Construction & Mining, Government, Transportation & Logistics, Utility), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Aerial Work Platform Market
The aerial work platform market is expected to witness market growth at a rate of 7.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on aerial work platform market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of aerial work platform market.
An aerial work platform (AWP) is widely utilized for several maintenance and construction activities, especially when it requires to be done at a precise height. It is highly deployed in maintaining overhead lines in the power and telecommunications, and arboriculture industries. These also possess advanced features such as access and transport, consisting of compressed air connectors and electrical outlets for power tools.
The increase in the worker safety concerns across the globe acts as one of the major factors driving the growth of aerial work platform market. The introduction of advanced technologies, such as tilt sensors and automatic self-checking instruments in AWP, and government investment in the private sector and real-state sector, accelerate the market growth. The implementation of stringent worker safety regulations, and the increase in number of manufacturers using CAN bus technology for offering new features and functions to workers in order to reduce work-related accidents further influence the market. Additionally, research and development activities, rise in number of public infrastructure construction and renovation activities, and investments by governments and airport authorities positively affect the aerial work platform market. Furthermore, proliferation of 5G and increase in demand for utility infrastructure extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, unavailability of skilled personnel to operate the equipment is expected to obstruct the market growth. The decline in demand for the AWP because of government-imposed lockdowns and unstable economic conditions are projected to challenge the aerial work platform market in the forecast period of 2021-2028.
This aerial work platform market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on aerial work platform market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aerial Work Platform Market Scope and Market Size
The aerial work platform market is segmented on the basis of product, type, platform height, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the aerial work platform market is segmented into boom lifts, scissor lifts, vertical mass lifts, and personal portable lifts.
- On the basis of type, the aerial work platform market is segmented into electric, and engine-powered.
- On the basis of platform height, the aerial work platform market is segmented into below 10 meters, 10 to 20 meters, 20 to 25 meters, and above 25 meters.
- On the basis of application, the aerial work platform market is segmented into rental, construction & mining, government, transportation & logistics, and utility.
Global Aerial Work Platform Market Country Level Analysis
The aerial work platform market is analyzed and market size, volume information is provided by country, product, type, platform height and application as referenced above.
The countries covered in the global aerial work platform market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the aerial work platform market due to the high spending on commercial facilities within the region. Asia-Pacific is expected to be the fastest-growing market during the forecast period of 2021 to 2028 because of the increase in spending on commercial facilities in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that affects the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerial Work Platform Market Share Analysis
The aerial work platform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the aerial work platform market.
The major players covered in the aerial work platform market report are Terex Corporation., JCB India, AICHI CORPORATION, HAULOTTE GROUP, Linamar Corporation, Hunan Sinoboom Intelligent Equipment Co, Ltd, Zhejiang Dingli Machinery Co., Ltd., TADANO Ltd., Oshkosh Corporation, PALFINGER AG, IMER International SpA, MEC Aerial Work Platforms, Mantall Heavy Industry Co., Ltd, Manitou Group and Noblelift Intelligent Equipment Co.,Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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