Global Aerial Work Platforms Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aerial Work Platforms Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An aerial work platform (AWP), also known as an aerial device, elevating work platform (EWP), bucket truck or mobile elevating work platform (MEWP) is a mechanical device used to provide temporary access for people or equipment to inaccessible areas, usually at height. There are distinct types of mechanized access platforms and the individual types may also be known as a cherry picker or scissor lift."

They are generally used for temporary, flexible access purposes such as maintenance and construction work or by firefighters for emergency access, which distinguishes them from permanent access equipment such as elevators. They are designed to lift limited weights — usually less than a ton, although some have a higher safe working load (SWL)— distinguishing them from most types of cranes. They are usually capable of being set up and operated by a single person.

Market Overview:

The latest research study on the global Aerial Work Platforms market finds that the global Aerial Work Platforms market reached a value of USD 10090.85 million in 2022. It’s expected that the market will achieve USD 13526.0 million by 2028, exhibiting a CAGR of 5.0% during the forecast period.

Lack of skilled operators

The lack of engineers, technicians and operators familiar with aerial work platforms will limit the development of the aerial work platform market. Some manufacturers currently provide operator training courses to better promote their products.

The high cost of the aerial work platform

The price of the aerial work platform is higher, and the subsequent maintenance costs are also higher, which may hinder the development of the aerial work platform industry market.

Popularization of rental services for aerial work platforms

Due to the emergence of multiple leasing service providers worldwide, leasing applications have gained great attention in the aerial work platform industry. The aerial work platform rental company provides a wide range of equipment from multiple equipment manufacturers to enhance its product portfolio and provide a positive market prospect. Compared with the direct purchase option, leasing companies offer simple and cheap rental options. Customers are shifting their preferences to leasing operators to save a lot of transportation, maintenance and operating costs associated with new machines. Most of the income of aerial work platform manufacturers comes from leasing companies, and they are strengthening cooperation with local leasing providers in various regions to gain a higher market share. The value-added services and training courses provided by leasing companies together with manufacturers will attract customers to choose leasing, thereby supporting the development of the industry. The launch of the aerial work platform rental service has provided impetus for the aerial work platform market size.

Electrification of the global construction industry

Compared with diesel-powered equipment, electric aerial work platforms help reduce the carbon footprint and provide noise-free performance, thereby driving the market. Electric aerial work platforms can help reduce fuel consumption, reduce noise levels and harmful carbon emissions, and contractors can reduce the impact on the environment and support environmental protection initiatives taken by global government agencies.

Region Overview:

North America dominated the Aerial Work Platforms market in 2022, with a market share of 39.61%.

Company Overview:

JLG is one of the major players operating in the Aerial Work Platforms market, holding a share of 20.21% in 2023.

JLG

JLG Industries, Inc., an Oshkosh Corporation company, is an American designer, manufacturer and marketer of access equipment (aerial work platforms and telehandlers). The company's products are used in construction, fit-outs, industrial maintenance, material handling and facilities maintenance. Founded in 1969, JLG operated independently until 2006 when it was acquired by Oshkosh Corporation. JLG operates globally and is headquartered in Hagerstown, Maryland, United States.

Terex

Terex Corporation is an American worldwide manufacturer of lifting and material-handling plant for a variety of industries, including construction, infrastructure, quarrying, recycling, energy, mining, shipping, transportation, refining and utilities.

Segmentation Overview:

Among different product types, Boom lifts segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Rental segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Aerial Work Platforms market covered in Chapter 3:

Toyota
Teupen
Terex
Niftylift
The Haulotte Group
Ruthmann
Zhejiang Dingli Machinery
JLG
Altec
Skyjack
MEC Aerial Work Platforms
Snorkel
Hangcha
Tadano
Palfinger Platforms

In Chapter 4 and Chapter 14.2, on the basis of types, the Aerial Work Platforms market from 2018 to 2029 is primarily split into:

Boom lifts
Scissor lifts
Vertical mast lifts
Personal portable lifts

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aerial Work Platforms market from 2018 to 2029 covers:

Rental
Construction & mining
Government
Transportation & logistics
Utility

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)