Aerial Work Platform (AWP) Market, by Type (Boom Lifts (Telescopic, Articulating, Trailer Mounted, and Self-Propelled), Scissor Lifts, and Vertical Mass Lifts (Double Mast AWP and Single Mast AWP), Personal Portable Lifts)), by Fuel Type (Electric (Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts) and Engine Powered (Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts)), by Platform Height (Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, and Above 25 Meters), by Application (Construction & Mining, Government, Transportation & Logistics, Utility, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
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. The increasing number of infrastructure transformation projects across the globe are factors that are expected to drive growth of the global aerial work platform (AWP) market during the forecast period.
Market Dynamics
The increasing public infrastructure construction and renovation activities is estimated to drive growth of the aerial work platform market during the forecast period. Increasing investments by governments and airport authorities for the development and construction of new airports in North America are key driving factors for aerial work platform market growth.
For instance, in October 2018, New York Governor Andrew Cuomo announced the city’s plan for a US$ 13 billion investment into John F Kennedy International Airport, 90% of which is being privately funded. The project will add international terminal complexes on the airport’s north and south sides, increasing capacity by 15 million passengers a year. The project is set to open in 2025.
The unavailability of skilled personnel to operate the equipment is one of the factors hampering the market growth. Modern aerial work platforms are made of advanced technologies that need skilled workforce to operate and handle the equipment. When lifted to a certain height, the operator needs to handle the platform very carefully and skilfully to avoid accidents. Lack of trained professionals to operate specific machines may indirectly result in safety hazards as well as low production output. Such factors are expected to hamper the growth of the North America aerial work platform market.
Market Taxonomy
This report segments the global aerial work platforms (AWP) market on the basis of type, fuel type, platform height, application, and region. On the basis of type, global aerial work platforms (AWP) market is segmented into Boom Lifts, Scissor Lifts, Vertical Mass Lifts, and Personal Portable Lifts. The Boom Lifts segment is further divided into Telescopic, Articulating, Trailer Mounted and Self-Propelled. Vertical Mass Lifts segment is divided into Double Mast AWP and Single Mast AWP. On the basis of Fuel Type, the global aerial work platforms (AWP) market is segmented into Electric and Engine Powered. Both Electric and Engine Powered fuel type is further segmented into Boom Lifts, Scissor Lifts, Vertical Mass Lifts, and Personal Portable Lifts. On the basis of Platform Height market is segmented into Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, and Above 25 Meters. Application segment covers Construction & Mining, Government, Transportation & Logistics, Utility, and Others. On the basis of region, the global aerial work platforms (AWP) market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Key features of the study:
This report provides an in-depth analysis of the global aerial work platforms (AWP) market and provides market size (US$ million and Units) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global aerial work platforms (AWP) market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global aerial work platforms (AWP) market 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.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global aerial work platforms (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 platforms (AWP) market.
Detailed Segmentation:
Global Aerial Work Platforms (AWP) 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 Platforms (AWP) 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 Platforms (AWP) Market, By Platform Height:
Below 10 Meters
10 to 20 Meters
20 to 25 Meters
Above 25 Meters
Global Aerial Work Platforms (AWP) Market, By Application:
Construction & Mining
Government
Transportation & Logistics
Utility
Others
Global Aerial Work Platforms (AWP) Market, By Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
Company Profiles
Toyota Industries Corporation*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
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.
*Browse all the market data tables and figures on “Global Aerial Work Platforms (AWP) Market- Forecast to 2028”
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