Aerial Work Platform Market Scope
The global aerial work platform market is expected to grow with 6.1 CAGR in the forecasted period due to growing requirement of efficient work process optimization by using advanced devices. An aerial work platform (AWP), also called an aerial device, elevating work platform (EWP), bucket truck or mobile elevating work platform (MEWP). An aerial work platform is a mechanical device used to provide temporary access for people or equipment to inaccessible areas at height. The rising utilization of heighted and heavy machinery in areas including construction, mining, and others has accelerated the demand for aerial work platforms (AWP). Work platforms are used by technicians, engineers, and workers to reach inaccessible zones in order to maintain or fix the glitches.
The market study is being classified by Type (Boom Lifts [Articulated Boom Lifts, Telescopic Boom Lifts], Scissor Lifts, Vertical Mast Lifts and Others), by Application (Rental, Construction & Mining, Government, Transportation & Logistics, Telecommunication & Utility and Others) and major geographies with country level break-up. According to AMA, the Global Aerial Work Platform market is expected to see growth rate of 6.1% and may see market size of USD8695.0 Million by 2026.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aerial Work Platform market throughout the predicted period.
Terex Corporation (United States), JLG Industries, Inc. (United States), Haulotte (France), Aichi Corporation (Japan), Altec (United States), Manitou (France), Snorkel (United Kingdom), Niftylift (United Kingdom), Teupen (United States) and Ruthmann (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are BrontoSkylift (Finland) and Skyjack (United States).
AdvanceMarketAnalytics has segmented the market of Global Aerial Work Platform market by Type, Application and Region.
On the basis of geography, the market of Aerial Work Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 19th February 2019, JLG Industries, Inc., an Oshkosh Corporation company and a leading global manufacturer of aerial work platforms and telehandlers, will launch the new JLG® Mobile Control app for its R Series scissor line at the ARA Show, February 18-20 in Anaheim, California. This industry-first technology and app enables users to drive, steer and load R Series scissor lifts while in a stowed position from an iOS mobile device.
- The Growing Demand due to Government Funding in Infrastructural Projects such as Roads, Rails, Water, and Power Generation
- Increasing Safty Standards Worldwide
- Rising Urban & Rural Infrastructure Transformation Projects to Address the Increasing Population Requirement across The Globe
- The Increasing Demand from Construction & Maintenance Operations
- High Demand Due to Improving Infrastructure
- The Growing Demand from Rental Companies
- Lack of Awareness Associated with Aerial Work Platform
- Dearth in Technological Advancement in Countries of the Middle East and Africa
- High-Cost Associated with Aerial Work Platform
Key Target AudienceAerial Work Platform Manufactures, Industry Association, Government Regulatory Bodies, Private Regulatory Bodies and Others
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