Aerial Work Platforms Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aerial Work Platform Market
The aerial work platform market size was valued at USD 10.46 billion in 2023, and the market is now projected to grow from USD 11.17 billion in 2024 to USD 20.47 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period of 2024-2032.
The disruption of production and construction work snagged during the period due to the shutdown caused by the COVID-19 pandemic in most parts of the world. Due to the constant supply chain disruption in the market scenario, the aerial work platform market growth has been affected from 2020 to 2019. The long-run prospect of the international market is expected to be brighter. It is up to business industries to rise to the challenge proffered by such situations. Ultimately, the pandemic may achieve such changes through beneficial effects and opportunities in the future.
Technological advancement and improving safety regulations worldwide are key factors contributing to the aerial work platform market share. These products provide mobility, adaptability and convenience in construction and other related operations. They are small enough to maneuver into tight spaces thus replacing scaffolding and ladders commonly used in ceilings. The increasing accident rates involving scaffolding are evident and so are the safer options aerial lifts offer. Safety is still an issue of paramount importance and this has helped ensure that the aerial lifts market will continue to grow.
Also, to increase market competitiveness, the key players are shifting towards electric-powered and remote-operated systems, this concept with the development shift in the construction industry and their call to sustainability and efficiency. LGMG Europe stated they plan to release new electrically powered telescopic boom lifts in 2022, as they adapt to clients’ requests for environmentally-friendly equipment. These advancements assist in compliance with highly rigid environmental standards and consumer demands. Ongoing research and development will lead to an expansion of the electric-powered telescopic boom lift industry.
Comprehensive Analysis of Aerial Work Platform Market
The aerial work platform market and machinery and equipment industry are rising at an exponential rate due to their market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by product types, by power types, by lifting height and by applications. The product type includes, Scissor Lifts, Boom Lifts, Telehandler and Others. The power type includes, Engine Powered, Electric Powered and Hybrid. The lifting height includes, Less than 20 Feet, 20 Feet -50 Feet, and More than 50 Feet. The application includes, Construction, Utilities, Transportation and Others.
North America is poised to lead the aerial work platform market, driven by strong economic growth in the U.S. and Canada. A robust infrastructure industry and advancements in product technology are enhancing market growth in the region. Technology is especially expected to grow faster in the U.S. due to the incorporation of such technologies. Major manufacturers such as Oshkosh Corporation and Terex Corporation strengthen a good product range in the U.S. This is because aerial work platforms are commonly used in civil construction, electricity maintenance and transportation and logistics segments.
The key industry players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, Terex Corporation (U.S.), Sany Group (China), Manitowoc Company Inc (U.S.), Tadano Ltd (Japan), Liebherr International AG (Netherlands), Palfinger AG (Germany), Konecrane Co (KUHN Group) (Switzerland), Zoomlion (U.S.), Oshkosh Corporation (JLG Industries Inc) (U.S.) and XCMG Group (U.K.). These market players provide a level-playing competitive landscape.
In May 2023, JCB introduced two versatile boom aerial work platforms, the A45E and A45EH, featuring diesel/electric hybrid and battery-electric drive trains. These models are designed to boost customer performance through enhanced efficiency, better operator accessibility and advanced monitoring features.
Segmentation Table
Global Aerial Work Platform Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 7.9% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Product Type, Power Type, Lifting Height, Application, and Region
By Product Type Scissor Lifts
Boom Lifts
Telehandler
Others (Vertical Mast Lifts, All Terrains, Rough Terrain)
By Power Type Engine Powered
Electric Powered
Hybrid
By Lifting Height Less than 20 Feet
20 Feet -50 Feet
More than 50 Feet
By Application Construction
Utilities
Transportation
Others
By Region North America (Product Type, Power Type, Lifting Height, Application, and Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
Europe (Product Type, Power Type, Lifting Height, Application, and Country)
Germany (By Application)
Italy (By Application)
France (By Application)
U.K. (By Application)
Russia (By Application)
Rest of Europe
Asia Pacific (Product Type, Power Type, Lifting Height, Application, and Country)
China (By Application)
India (By Application)
Japan (By Application)
South Korea (By Application)
Rest of Asia Pacific
Middle East and Africa (Product Type, Power Type, Lifting Height, Application, and Country)
GCC Countries (By Application)
South Africa (By Application)
Rest of the Middle East & Africa
South America (Product Type, Power Type, Lifting Height, Application, and Country)
Brazil (By Application)
Argentina (By Application)
Rest of South America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Aerial Work Platform Market Key Players Market Share Insights and Analysis, 2023
- 5. Global Aerial Work Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Product Type (USD)
- 5.2.1. Scissor Lifts
- 5.2.2. Boom Lifts
- 5.2.3. Telehandlers
- 5.2.4. Others (Vertical Mast Lifts, All Terrain, etc)
- 5.3. By Power Type (USD)
- 5.3.1. Engine Powered
- 5.3.2. Electric Powered
- 5.3.3. Hybrid
- 5.4. By Lifting Height (USD)
- 5.4.1. Less than 20 Feet
- 5.4.2. 20 Feet- 50 Feet
- 5.4.3. More than 50 Feet
- 5.5. By Application (USD)
- 5.5.1. Construction
- 5.5.2. Utilities
- 5.5.3. Transportation
- 5.5.4. Others (Mining, etc)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia-Pacific
- 5.6.4. South America
- 5.6.5. Middle East and Africa
- 6. North America Aerial Work Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Product Type (USD)
- 6.2.1. Scissor Lifts
- 6.2.2. Boom Lifts
- 6.2.3. Telehandlers
- 6.2.4. Others (Vertical Mast Lifts, All Terrain, etc)
- 6.3. By Power Type (USD)
- 6.3.1. Engine Powered
- 6.3.2. Electric Powered
- 6.3.3. Hybrid
- 6.4. By Lifting Height (USD)
- 6.4.1. Less than 20 Feet
- 6.4.2. 20 Feet- 50 Feet
- 6.4.3. More than 50 Feet
- 6.5. By Application (USD)
- 6.5.1. Construction
- 6.5.2. Utilities
- 6.5.3. Transportation
- 6.5.4. Others (Mining, etc)
- 6.6. By Country (USD)
- 6.6.1. U.S.
- 6.6.1.1. Application
- 6.6.1.1.1. Construction
- 6.6.1.1.2. Utilities
- 6.6.1.1.3. Transportation
- 6.6.1.1.4. Others (Mining, etc)
- 6.6.2. Canada
- 6.6.2.1. Application
- 6.6.2.1.1. Construction
- 6.6.2.1.2. Utilities
- 6.6.2.1.3. Transportation
- 6.6.2.1.4. Others (Mining, etc)
- 6.6.3. Mexico
- 6.6.3.1. Application
- 6.6.3.1.1. Construction
- 6.6.3.1.2. Utilities
- 6.6.3.1.3. Transportation
- 6.6.3.1.4. Others (Mining, etc)
- 7. Europe Aerial Work Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Product Type (USD)
- 7.2.1. Scissor Lifts
- 7.2.2. Boom Lifts
- 7.2.3. Telehandlers
- 7.2.4. Others (Vertical Mast Lifts, All Terrain, etc)
- 7.3. By Power Type (USD)
- 7.3.1. Engine Powered
- 7.3.2. Electric Powered
- 7.3.3. Hybrid
- 7.4. By Lifting Height (USD)
- 7.4.1. Less than 20 Feet
- 7.4.2. 20 Feet- 50 Feet
- 7.4.3. More than 50 Feet
- 7.5. By Application (USD)
- 7.5.1. Construction
- 7.5.2. Utilities
- 7.5.3. Transportation
- 7.5.4. Others (Mining, etc)
- 7.6. By Country (USD)
- 7.6.1. Germany
- 7.6.1.1. Application
- 7.6.1.1.1. Construction
- 7.6.1.1.2. Utilities
- 7.6.1.1.3. Transportation
- 7.6.1.1.4. Others (Mining, etc)
- 7.6.2. U.K.
- 7.6.2.1. Application
- 7.6.2.1.1. Construction
- 7.6.2.1.2. Utilities
- 7.6.2.1.3. Transportation
- 7.6.2.1.4. Others (Mining, etc)
- 7.6.3. France
- 7.6.3.1. Application
- 7.6.3.1.1. Construction
- 7.6.3.1.2. Utilities
- 7.6.3.1.3. Transportation
- 7.6.3.1.4. Others (Mining, etc)
- 7.6.4. Italy
- 7.6.4.1. Application
- 7.6.4.1.1. Construction
- 7.6.4.1.2. Utilities
- 7.6.4.1.3. Transportation
- 7.6.4.1.4. Others (Mining, etc)
- 7.6.5. Russia
- 7.6.5.1. Application
- 7.6.5.1.1. Construction
- 7.6.5.1.2. Utilities
- 7.6.5.1.3. Transportation
- 7.6.5.1.4. Others (Mining, etc)
- 7.6.6. Rest of Europe
- 8. Asia-Pacific Aerial Work Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Product Type (USD)
- 8.2.1. Scissor Lifts
- 8.2.2. Boom Lifts
- 8.2.3. Telehandlers
- 8.2.4. Others (Vertical Mast Lifts, All Terrain, etc)
- 8.3. By Power Type (USD)
- 8.3.1. Engine Powered
- 8.3.2. Electric Powered
- 8.3.3. Hybrid
- 8.4. By Lifting Height (USD)
- 8.4.1. Less than 20 Feet
- 8.4.2. 20 Feet- 50 Feet
- 8.4.3. More than 50 Feet
- 8.5. By Application (USD)
- 8.5.1. Construction
- 8.5.2. Utilities
- 8.5.3. Transportation
- 8.5.4. Others (Mining, etc)
- 8.6. By Country (USD)
- 8.6.1. China
- 8.6.1.1. Application
- 8.6.1.1.1. Construction
- 8.6.1.1.2. Utilities
- 8.6.1.1.3. Transportation
- 8.6.1.1.4. Others (Mining, etc)
- 8.6.2. India
- 8.6.2.1. Application
- 8.6.2.1.1. Construction
- 8.6.2.1.2. Utilities
- 8.6.2.1.3. Transportation
- 8.6.2.1.4. Others (Mining, etc)
- 8.6.3. Japan
- 8.6.3.1. Application
- 8.6.3.1.1. Construction
- 8.6.3.1.2. Utilities
- 8.6.3.1.3. Transportation
- 8.6.3.1.4. Others (Mining, etc)
- 8.6.4. South Korea
- 8.6.4.1. Application
- 8.6.4.1.1. Construction
- 8.6.4.1.2. Utilities
- 8.6.4.1.3. Transportation
- 8.6.4.1.4. Others (Mining, etc)
- 8.6.5. Rest of Asia-Pacific
- 9. Middle East & Africa Aerial Work Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Product Type (USD)
- 9.2.1. Scissor Lifts
- 9.2.2. Boom Lifts
- 9.2.3. Telehandlers
- 9.2.4. Others (Vertical Mast Lifts, All Terrain, etc)
- 9.3. By Power Type (USD)
- 9.3.1. Engine Powered
- 9.3.2. Electric Powered
- 9.3.3. Hybrid
- 9.4. By Lifting Height (USD)
- 9.4.1. Less than 20 Feet
- 9.4.2. 20 Feet- 50 Feet
- 9.4.3. More than 50 Feet
- 9.5. By Application (USD)
- 9.5.1. Construction
- 9.5.2. Utilities
- 9.5.3. Transportation
- 9.5.4. Others (Mining, etc)
- 9.6. By Country (USD)
- 9.6.1. GCC Countries
- 9.6.1.1. Application
- 9.6.1.1.1. Construction
- 9.6.1.1.2. Utilities
- 9.6.1.1.3. Transportation
- 9.6.1.1.4. Others (Mining, etc)
- 9.6.2. South Africa
- 9.6.2.1. Application
- 9.6.2.1.1. Construction
- 9.6.2.1.2. Utilities
- 9.6.2.1.3. Transportation
- 9.6.2.1.4. Others (Mining, etc)
- 9.6.3. Rest of Middle East & Africa
- 10. South America Aerial Work Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Product Type (USD)
- 10.2.1. Scissor Lifts
- 10.2.2. Boom Lifts
- 10.2.3. Telehandlers
- 10.2.4. Others (Vertical Mast Lifts, All Terrain, etc)
- 10.3. By Power Type (USD)
- 10.3.1. Engine Powered
- 10.3.2. Electric Powered
- 10.3.3. Hybrid
- 10.4. By Lifting Height (USD)
- 10.4.1. Less than 20 Feet
- 10.4.2. 20 Feet- 50 Feet
- 10.4.3. More than 50 Feet
- 10.5. By Application (USD)
- 10.5.1. Construction
- 10.5.2. Utilities
- 10.5.3. Transportation
- 10.5.4. Others (Mining, etc)
- 10.6. By Country (USD)
- 10.6.1. Brazil
- 10.6.1.1. Application
- 10.6.1.1.1. Construction
- 10.6.1.1.2. Utilities
- 10.6.1.1.3. Transportation
- 10.6.1.1.4. Others (Mining, etc)
- 10.6.2. Argentina
- 10.6.2.1. Application
- 10.6.2.1.1. Construction
- 10.6.2.1.2. Utilities
- 10.6.2.1.3. Transportation
- 10.6.2.1.4. Others (Mining, etc)
- 10.6.3. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Terex Corporation
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. Sany Group
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. Manitowoc Company Inc
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Tadano Ltd
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. Liebherr International AG
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. Palfinger AG
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. Konecranes Co
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. Zoomlion
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. Oshkosh Corporation (JLG Industries Inc)
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. XCMG Group
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
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