Aerial Work Platform Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,500	130 Pages	Coherent Market Insights	July, 2023	CMI18107761

Best Price Guarantee
Price	from $4,500
Length	130 Pages
Publisher	Coherent Market Insights
Published Date	July, 2023
SKU	CMI18107761

Aerial Work Platform Market, By type, (Telescopic, Articulating, Trailer Mounted, Self-Propelled) Scissor Lifts, Vertical Mass Lifts, (Double Mast AWP, Single Mast AWP), Personal Portable Lifts. By Fuel type (Electric,(Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts) Engine Powered(Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts); Based on Platform Height (Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, Above 25 Meters); By Application (Construction & Mining, Government, Transportation & Logistics, Utility, Others); By region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Aerial work platform (AWP) is a specialized machine that is used to provide access to difficult and inaccessible areas. The main features of aerial work platforms are high operational efficiency, accessibility to remote areas, and the ability to perform multipurpose operations.

Aerial work platform are portable, cost-effective types that serve as lifts for a single or double worker. Also, they are referred to as lifts, human lifts, push-around platforms, and mobile elevating work platforms (MEWPs). These platforms are widely used for tasks like overhead maintenance, cleaning, and hanging banners or decorations and operate as personal lifts. They can bear loads and are comparatively light. They are easy to use, and a variety of styles and attachments may be used to tailor them to the work. Construction and building maintenance, as well as electrical line repair and tree care, are just a few of the uses for AWPs. A wide range of power sources, including electric, conventional diesel, and petrol engines, are available for AWPs, which are energy-efficient.

Market Dynamics:

Drivers

Growing construction industry supported by global megatrend of urbanization is expected to drive growth of the global aerial work platform market during the forecast period

Aerial work platform or elevating work platform is a device that is used to provide temporary access to operators or equipment to unreachable areas. Aerial work platforms have wide application in the construction industry and is used for lifting, loading, and transportation. The growing construction industry is expected to be one of the most significant drivers for global aerial work platform market growth. The construction industry has witnessed significant growth in the recent past, especially in emerging economies such as China and India, owing to increasing disposable income, rapid urbanization, and industrialization. As a result, demand for aerial work platforms (AWP) has increased in these countries.

Restraints

High initial and maintenance costs is expected to restrain growth of the global aerial work platform market during the forecast period

The major factor restraining growth of the global aerial work platform (AWP) market is high maintenance costs. Aerial work platform (AWP) is used in logistics, transportation, and has other applications, which require high maintenance costs. Thus, it becomes difficult for companies to invest in aerial work platforms due to high capital spending.

Scissor lifts with advanced features are high in price as compared to conventional towers and ladders. Owing to the high initial as well as maintenance costs, there has been a substitution effect which is influencing end users to rent aerial work platform as opposed to making a purchase of the same. Renting equipment instead of owning removes a sizeable burden from a contractor's asset register.

Opportunity

Growing adoption of new technology is presenting lucrative growth opportunities to key manufacturers

Most players in the aerial work platform market focus on integration of latest technologies and introducing innovative products, in order to differentiate their product offerings. Incorporation of safety features and telematic solutions in aerial work platform is a major opportunity for the market players and helpful in increasing their share and profits.

Trends

Rising popularity of rental equipment

The rising popularity of rental AWP equipment services is expected to drive the market growth during the forecast period. This is attributed to the presence of several rental providers across the globe. AWP rental companies such as Eagle Rentals Inc., Rental One LLC, and others are offering affordable and easy renting options to buyers compared to direct AWP purchasing methods. This has led consumers to shift their preference to rental operators as they save a huge amount of transportation, maintenance, and operational costs associated with the new machinery equipment.

Key features of the study:

This report provides in-depth analysis of the Global Aerial Work Platform (AWP) Market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the Global Aerial Work Platform (AWP) Market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Toyota Industries Corporation, CTE, Dinolift, Terex Corporation, Haulotte Group, Holland Lift International bv, Hunan Sinoboom Heavy Industry Co. Ltd., IMER International SpA, J C Bamford Excavators Ltd., Oshkosh Corporation, Linamar, Manitou Group, MEC, Niftylift (UK) Limited, PALFINGER AG, Snorkel, SOCAGE, Tadano Ltd., TEUPEN, Zhejiang Dingli Machinery Co, Ltd., and Zoomlion Heavy Industry Science & Technology Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global Aerial Work Platform (AWP) Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Aerial Work Platform (AWP) Market
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
Global Aerial Work Platform (AWP) Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Aerial Work Platform Market.

Detailed Segmentation:

Global Aerial Work Platform Market, By Type
Boom Lifts
Telescopic
Articulating
Trailer Mounted
Self-Propelled
Scissor Lifts
Vertical Mass Lifts
Double Mast AWP
Single Mast AWP
Personal Portable Lifts
Global Aerial Work Platform Market, By Fuel Type
Electric
Boom Lifts
Scissor Lifts
Vertical Mass Lifts
Personal Portable Lifts
Engine Powered
Boom Lifts
Scissor Lifts
Vertical Mass Lifts
Personal Portable Lifts
Global Aerial Work Platform Market, By Platform Height
Below 10 Meters
10 to 20 Meters
20 to 25 Meters
Above 25 Meters
Global Aerial Work Platform Market, By Application
Construction & Mining
Government
Transportation & Logistics
Utility
Others
Global Aerial Work Platform Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles
Toyota Industries Corporation
CTE
Dinolift
Terex Corporation
Haulotte Group
Holland Lift International bv
Hunan Sinoboom Heavy Industry Co. Ltd.
IMER International SpA
J C Bamford Excavators Ltd.
Oshkosh Corporation
Linamar
Manitou Group
MEC
Niftylift (UK) Limited
PALFINGER AG
Snorkel
SOCAGE
Tadano Ltd.
TEUPEN
Zhejiang Dingli Machinery Co, Ltd.
Zoomlion Heavy Industry Science & Technology Co., Ltd.

1. Research Objectives and Assumptions: Research Objectives; Assumptions; Abbreviations
2. Market Purview: Report Description; Market Definition and Scope; Executive Summary; Market Snippet, By Type; Market Snippet, By Fuel Type; Market Snippet, By Platform Height; Market Snippet, By Application; Market Snippet, By Region; Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis: Market Dynamics; Drivers; Increasing Demand for Maintenance and Repair; Growing Construction and Infrastructure Development; Expansion of Rental Market; Restraints; Lack of Skilled Operators; Maintenance and Repair Costs; Economic Uncertainty and Volatility; Opportunities; Adoption of Electric and Hybrid AWPs; Technological Advancements; Focus on Telematics and Data Analytics; Impact Analysis; Key Highlights; Regulatory Scenario; Product launch/Approvals; PEST Analysis; PORTER’s Analysis; Merger and Acquisition Scenario
4. Global Aerial Work Platform Market– Impact of Coronavirus (COVID-19) Pandemic: COVID-19 Epidemiology; Supply Side and Demand Side Analysis; Economic Impact
5. Global Aerial Work Platform Market, By Type , 2018-2030, (US$ Billion): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018 – 2030; Segment Trends; Boom Lifts; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Telescopic; Articulating; Trailer Mounted; Self-Propelled; Scissor Lifts; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units); Vertical Mass Lifts; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units); Double Mast AWP; Single Mast AWP; Personal Portable Lifts; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units)
6. Global Aerial Work Platform Market, By Fuel Type, 2018-2030, (US$ Billion): Introduction; Market Share Analysis, 2023 and 2030(%); Segment Trends; Electric; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units); Boom Lifts; Scissor Lifts; Vertical Mass Lifts; Personal Portable Lifts; Engine Powered; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units); Boom Lifts; Scissor Lifts; Vertical Mass Lifts; Personal Portable Lifts
7. Global Aerial Work Platform (AWP) Market, By Platform Height, 2018-2030, (US$ Billion): Introduction; Market Share Analysis, 2023 and 2030 (%); Segment Trends; Below 10 Meters; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units)
10 to 20 Meters: Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units)
20 to 25 Meters: Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units); Above 25 Meters; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units)
8. Global Aerial Work Platform (AWP) Market, By Application, 2018-2030, (US$ Billion): Introduction; Market Share Analysis, 2023 and 2030 (%); Segment Trends; Construction & Mining; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units); Government; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units); Transportation & Logistics; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion and Units); Utility; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion an Units); Others; Introduction; Market Size and Forecast, 2018-2030, (US$ Billion an Units)
9. Global Aerial Work Platform Market, By Region, 2018-2030, (US$ Billion): Introduction; Market Share Analysis, By Country, 2023 and 2030 (%); Y-o-Y Growth Analysis, For Country 2018–2030; Country Trends; North America; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion); U.S.; Canada; Europe; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion); U.K.; Germany; France; Italy; Russia; Rest of Europe; Asia Pacific; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion); China; India; Japan; South korea; Australia; Rest Of APAC; Latin America; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion); Brazil; Argentina; Mexico; Rest of Latin America; Middle East & Africa; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2018-2030,(US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion); GCC Countries; South Africa; Rest of MEA
10. Competitive Landscape: Company Profiles; Toyota Industries Corporation; Company Overview; Product Portfolio; Financial Performance; Key Strategies; Recent Developments/Updates; CTE; Dinolift; Terex Corporation; Haulotte Group; Holland Lift International bv; Hunan Sinoboom Heavy Industry Co. Ltd.; IMER International SpA; J C Bamford Excavators Ltd.; Oshkosh Corporation; Linamar; Manitou Group; MEC; Niftylift (UK) Limited; PALFINGER AG; Snorkel; SOCAGE; Tadano Ltd.; TEUPEN; Zhejiang Dingli Machinery Co, Ltd.; Zoomlion Heavy Industry Science & Technology Co., Ltd.
11. Section: Research Methodology; About us; *Browse 24 market data tables and 28 figures on “Global Aerial Work Platform (AWP) Market” - Global forecast to 2030