Aerial Work Platforms Market
Aerial Work Platforms Market Size, Share, Trend, Report Analysis By Product Type (Scissor Lifts, Boom Lifts, Others), By End Use Industries (Construction, Entertainment, Commercial Use, Manufacturing, Others) & By Region – Global Market Insights 2022 To 2032
Analysis of Aerial Work Platforms market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Aerial Work Platforms Market Outlook (2022 to 2032)
The global aerial work platforms market, the market is gaining traction steadily, expected to ascend at around 6% CAGR through 2032. As per the report, the market is likely to be valued at US$ 9.3 Bn by 2022. Preference for boom lifts will remain dominant, with a predicted absolute opportunity worth US$ 16.6 Bn during the forecast period.
| Report Attributes | Details |
|---|---|
| Expected Market Value (2022) | 9.3 Bn |
| Projected Forecast Value (2032) | US$ 16.6 Bn |
| Global Growth Rate (2022 to 2032) | 6% CAGR |
| Anticipated Market Value of Europe (2022 to 2032) | 27% |
| Major Aerial Work Platforms Service Providers | Terex Corporation; Haulotte Group; Oshkosh Corporation; JLG Industries Inc.; Linamar Corporation; Tadano Limited; Aichi Corporation; MEC Aerial Work Platforms; Palfinger AG; Hunan Sinoboom Heavy Industries Co. Ltd.; Zhejiang Dingli Machinery Co. Ltd.; Manitou Group; Mantall Heavy Industry Co. Ltd.; Noblelift Intelligent Equipment Co. Ltd.; IMER International S.p.A; J C Bamford Excavators Limited |
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Revenue Analysis of Aerial Work Platforms from 2017 to 2021 Vs Market Outlook 2022 to 2032
As per Fact.MR - market research and competitive intelligence provider, during the historic period of 2017 to 2021, the market expanded at a CAGR of 4.2%. The surge in applications platforms across diverse industries such as construction, mining, transport & logistics, aerospace, and defense industries among others has contributed significantly to market expansion.
As the coronavirus pandemic unraveled itself through 2020, sales of aerial work platforms registered a significant decline, given the fall in global construction output during the first half. As per the Bureau of Economic Analysis, both non-residential & residential construction activities fell by 27% and 38.7% respectively.
Fortunately, as restrictions lifted, the construction industry began to exhibit a gradual resurgence, restoring aerial work platforms demand. Considering these factors, the global market is slated to expand 1.7x over the next ten years (2022 to 2032), reaching a value of over US$ 16 Bn by the end of the aforementioned forecast period.
Which are Some Prominent Drivers of Aerial Work Platforms Market?
Incorporation of Advanced Sensor Technologies Shaping AWP Demand
Leading manufacturers are incorporating advanced sensor technologies to continue evolving machine design and offer better and safer solutions to contractors. Once mounted on an advanced aerial work platform, these systems can be used to detect nearby objects and obstructions, averting the risk of potential accidents.
For instance, JLG Industries Inc. offers the SkySenseTM Enhanced Detection System (EDS) which uses strategically placed object detection sensors to provide operators an added level of awareness of their immediate surroundings. While in use, these sensors establish warning zones and stop distances in the direction of motion, enhancing protection of people and property.
On a similar plane, GENIE® Accessories, a Terex Corporation owned brand, offers a range of boom lift accessories, including the Tech ProTM Link and Auxiliary Rail, to enhance workers safety during construction operations. While the former allows users to monitor machine gauges, including engine temperature, battery voltage or oil pressure to avail service alerts, the latter can be easily mounted to provide an additional layer of barrier to prevent unwanted falls and accidents.
Growing Infrastructure Projects Accelerating AWP Adoption
Aerial work platforms are easy to use and cost-effective mechanical devices which help in providing access by elevating equipment or people to a certain height. These aerial work platforms are considered as the first choice in multiple end-use industries such as construction, manufacturing, entertainment, and agriculture to name a few.
Owing to the infrastructural projects and economic development in the Middle East and Africa, access equipment such as scissor lifts and boom lifts is gaining more acceptance and fueling the growth of the aerial work platforms market. The market is gaining momentum, particularly across Asia, as companies are rapidly migrating from traditional maintenance practices to more advanced ones on the back of significant infrastructure modernization.
According to the Indian Department for Promotion of Industry and Internal Trade (DPIIT), FDIs in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activities stood at US$ 26.08 billion and US$ 24.72 billion, respectively, between April 2000 and March 2022. In FY21, infrastructure activities accounted for a 13% share of the total FDI inflows of US$ 81.72 billion.
Besides this, India plans to invest nearly US$ 1.4 trillion in infrastructure development and expansion between 2019 and 2023, which will present a highly lucrative growth for the expansion of the market. Thus, the switch from traditional practices to aerial work platforms is creating a plethora of opportunities for the players operating in the industry.
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Which Factors are Restraining the Growth of the Aerial Work Platforms?
High demand for skilled labor in construction areas will restrict market growth
Modern aerial work platforms are built with sophisticated technologies that require skilled employees to manage and perform them. To prevent crashes, the operator must control the platform very cautiously and expertly when lifted to a certain height. A factor of this nature is expected to impede the expansion of the global aerial work platforms market.
Region-Wise Analysis
Toughening Safety Standards for Construction Boosting AWP Demand in North America?
The emergence of the logistical and supply chain industry has aided the market
According to Fact.MR, North America is expected to dominate the market, accounting for nearly 40% of total revenue. Demand for increased safety standards during construction projects is inclining demand. For instance, the Occupational Safety and Health Administration (OSHA) and other associations have made amendments to several standards which is encouraging the adoption of aerial work platforms.
As per the organization, about 20% (1,061) fatalities in the private industry during 2019 were in construction projects. Also, over 5,000 casualties resulted from on the job construction duties during the same calendar year. Consequently, major construction equipment providers have established manufacturing units across the country.
For instance, Terex Corporation introduced four new product lines at the TechAdvantage Virtual Show organized in March 2022. These include the Z-45 Substation Utility Boom (SUB) for substation construction work, a new Hi-Ranger TL48 articulated and telescopic aerial device, a Positive Attachment Lanyard warning device and the Viatec SmartPTO for Hi-Ranger aerial work platforms respectively.
Furthermore, as part of its various renewable energy approaches, the United States government is investing significantly in deploying solar panels and windmills for power generation. The burgeoning IT and telecom industry in the United States is expected to facilitate the utilization of aerial work platforms for assembling telecom towers and conducting service and maintenance operations at great heights, as the evolution of the supply chain and the logistical sector has contributed to the emergence of warehouses, distribution centers, and retail stores, thereby driving growth for aerial work platforms.
How is a General Improvement in European Construction Industry Widening AWP Growth Prospects?
Rising construction spending will keep the expansion going
Remarkable growth registered in the U.K.’s construction activities and infrastructural development has been supporting sales of the aerial work platform. As per the Office of National Statistics, the country’s construction output improved marginally by 1% in October 2020.
As per the Federal Statistics Office, Destatis, as of October 2020, the construction turnover in Germany improved by 2.2%. The consistently increasing construction spending will continue supporting the expansion of the market in Germany. As per Fact.MR, Europe is estimated to account for 27% revenue across the 2022 to 2032 forecast period.
The European aerial work platforms market is projected to expand at a significant CAGR of 5.4% during the projected timeframe. Development in the retail and e-commerce industries and increasing costs for aerial elevators in the building and construction industries are the key factors driving the expansion of the aerial work platforms market in this region.
The prominent competitors in the European aerial work platform market include Zhejiang Dingli Machinery Co., Ltd., Aichi Corp., Palfinger AG, MEC Aerial Work Platform, Manitou BF SA. The presence of such strong players in this region is expected to accelerate the regional growth during the forecast period.
What is the Demand Outlook for AWPs across Asia?
Infrastructure development to encourage market expansion
According to Fact.MR’s projections, Asia is projected to be a significant revenue contributor to the global market for aerial work platforms through 2032. The Chinese market is expected to record a positive growth rate owing to the rapidly growing construction industry along with governments’ investments in infrastructure development such as major transportation, urbanization, water conservancy projects, and informational networks which will result in increased infrastructure spending.
According to the National Development and Reform Commission, the Chinese government approved 26 infrastructure projects at an estimated investment of about US$ 142 billion USD in 2019, which are estimated to be completed by 2023.
Likewise, in India, a planned spending of about US$ 1.4 trillion in infrastructure over the next five years, including smart cities and “housing for all” is on the cards. The total expenditure on the Ministry of Housing and Urban Affairs for 2022-22 is estimated at Rs 54,581 crore. This is an annual increase of 14% over the actual expenditure for 2019 to 20. Hence, sales of aerial work platforms in Asia are likely to account for 33% of global revenue.
Accelerated automation advancement in the logistics, retail, and warehousing sectors is expected to stimulate demand for aerial work platforms in this region. Firms are investing in automated aerial work platforms to lessen industrial fatalities associated with high-rise operations, which is bolstering market growth.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Insights
By end-user, which category will boost the demand for AWPs?
Construction firms are investing in high-quality aerial work platforms
Demand for aerial work platforms remains highest in the construction industry. The construction segment is estimated to remain the most lucrative segment by ownership in the global market accounting for 37% market share.
As the global population continues to rise, demand for various infrastructure projects, including housing and public utilities, will incline sharply. Hence, construction companies are investing in high-grade aerial work platforms. Prominent manufacturers such as Terex Corporation are major providers of construction grade aerial work platforms.
Will Boom Lifts Outpace Other Categories of Aerial Work Platforms?
Boom lifts provide full opportunities at greater heights
Sales of boom lifts have increased significantly over the last five years and are expected to witness prolific growth in coming years. Boom lifts offer greater access at heights compared to the conventional lifts. This is, in turn, creating opportunities for manufacturers and rental companies operating in the market.
The demand for boom lifts in Europe and North America is rapidly increasing as these lifts are widely used for indoor, general construction, building maintenance as well as various industrial applications. Boom lifts are anticipated to create an absolute dollar opportunity of US$ 2.5 Bn and are projected to grow at a value CAGR of 4% during the forecast period.
The Start-Up Ecosystem: How key Players are opening Frontiers for Future Growth?
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base.
For instance :
- Hunan Sinoboom Heavy Industries Co. Ltd. was founded on February 28th, 2008, and is headquartered in Changsha, China's construction and heavy machinery capital. Launched in October 2020, Sinoboom's Articulating Boom Lifts is accessible in diesel, hybrid, and electric drive devices, with the principal feature being the extremely convenient and versatile multi-stage folding boom.
- RangeAero, founded in 2020 by aerospace engineer Arpit Sharma, is a Bengaluru-based startup evolving aerial supply chain solutions for first and last-mile deliveries. RangeAero created an aerial robotics platform for logistics with inventive pilotless autonomous helicopters, addressing a large potential market of medium-scale deliveries with delivery times that are 2x faster than the road.
Competitive Landscape
Key players involved in the market are rigorously investing in the development and launches of new products to gain a competitive advantage and expand their consumer base. Mergers & acquisitions along with diversification of product portfolios are key business strategies implemented by participants in the industry.
- In September 2021, JLG Industries, Inc. announced the launch of the JLG® 670SJ self-leveling boom lift, equipped with JLG’s exclusive and patented self-leveling technology. The 670SJ is engineered to automatically adapt to terrain on slopes up to 10 degrees in any direction, while driving with full functionality at a class-leading 67-ft platform height.
- In March 2021, MEC Aerial Work Platforms introduced its newest product line of vertical mast lifts; the MEC Mast Electric (MME) Series. The MME Series leads with direct electric drive for high efficiency, longer duty cycles, and higher product residual value. It offers two heights to choose from: the MME20 with a platform height of 20 feet and the MME25 with a non-rotating vertical mast lift platform height of 25 feet.
- Zhejiang Dingli Machinery Co., Ltd. acquired 24% of Trupen's stock rights in August 2020. Trupen is a dominant player in spider Aerial Work Platform design, research, development, industrial production, and marketing.
- Terex Corporation introduced the 'Genie® Z-45 Substation Utility Boom,' a mobile elevated work platform, in January 2021. It is specifically built for power substation tasks where an insulated device is necessary but conventional bucket trucks are not permitted.
Key Segments Covered in Aerial
-
By Product :
- Scissor Lifts
- Boom Lifts
- Other AWPs
-
By End Use Industries :
- AWP Rental Service Providers
- End Use Industries
- Construction
- Entertainment
- Commercial Uses
- Manufacturing
- Others (Public Administration, Mining, Agriculture, etc.)
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Strategies
- 5. Market Background
- 6. Market Dynamics
- 7. Global Market Analysis (2016 to 2020) & Forecast (2021 to 2031)
- 8. Global Market Analysis By Product Type
- 8.1. Scissor Lifts
- 8.2. Boom Lifts
- 8.3. Other AWP’s
- 9. Global Market Analysis By End Use Industries
- 9.1. Rental Service Providers
- 9.2. End Use Industries
- 9.2.1. Construction
- 9.2.2. Entertainment
- 9.2.3. Commercial
- 9.2.4. Manufacturing
- 9.2.5. Others (Public Administration, Agriculture, etc.)
- 10. Global Market Analysis By Region
- 10.1. North America
- 10.2. Europe
- 10.3. MEA
- 10.4. East Asia
- 10.5. South Asia
- 10.6. Oceania
- 10.7. Latin America
- 11. North America Market Analysis
- 12. Latin America Market Analysis
- 13. Europe Market Analysis
- 14. MEA Market Analysis
- 15. South Asia Market Analysis
- 16. East Asia Market Analysis
- 17. Oceania Market Analysis
- 18. Emerging Countries Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 19. Market Analysis 2016 to 2020 and Forecast 2021 to 2031, Country Analysis
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Terex Corporation
- 21.2. Haulotte Group
- 21.3. Oshkosh Corporation
- 21.4. Linamar Corporation
- 21.5. Tadano Ltd
- 21.6. Aichi Corporation
- 21.7. MEC Aerial Work Platforms
- 21.8. Palfinger AG
- 21.9. Hunan Sinoboom Heavy Industries Co. Ltd.
- 21.10. Zheijiang Dingli Machinery Co. Ltd.
- 21.11. Manitou Group
- 21.12. Mantall Heavy Industry Co. Ltd.
- 21.13. Noblelift Intelligent Equipment Co. Ltd.
- 21.14. IMER International SpA
- 21.15. J C Bamford Excavators Limited
- 22. Research Methodology
- 23. Assumption & Acronyms
List Of Table
Table 01: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 02: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 03: Global Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 04: Global Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 05: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2016 to 2020
Table 06: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2021 to 2031
Table 07: Global Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 08: Global Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 09: Global Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 10: Global Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 11: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2016 to 2020
Table 12: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2021 to 2031
Table 13: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 14: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 15: North America Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 16: North America Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 17: North America Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 18: North America Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 19: North America Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 20: North America Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 21: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2016 to 2020
Table 22: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2021 to 2031
Table 23: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 24: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 25: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 26: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 27: Latin America Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 28: Latin America Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 29: Latin America Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 30: Latin America Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 31: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2016 to 2020
Table 32: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2021 to 2031
Table 33: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 34: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 35: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 36: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 37: Europe Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 38: Europe Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 39: Europe Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 40: Europe Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 41: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2016 to 2020
Table 42: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2021 to 2031
Table 43: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 44: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 45: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 46: South Asia Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 47: South Asia Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 48: South Asia Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 49: South Asia Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 50: South Asia Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 51: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2016 to 2020
Table 52: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2021 to 2031
Table 53: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 54: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 55: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 56: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 57: East Asia Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 58: East Asia Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 59: East Asia Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 60: East Asia Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 61: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2016 to 2020
Table 62: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2021 to 2031
Table 63: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 64: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 65: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 66: Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 67: Oceania Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 68: Oceania Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 69: Oceania Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 70: Oceania Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 71: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2016 to 2020
Table 72: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2021 to 2031
Table 73: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 74: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 75: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 76: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 77: Middle East & Africa Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 78: Middle East & Africa Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 79: Middle East & Africa Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 80: Middle East & Africa Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 81: China Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 82: China Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 83: China Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 84: China Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 85: China Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 86: China Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 87: China Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 88: China Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 89: India Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 90: India Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 91: India Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 92: India Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 93: India Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 94: India Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 95: India Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 96: India Market Value Y-o-Y Growth Analysis, 2021 to 2031
Table 97: Brazil Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2016 to 2020
Table 98: Brazil Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2021 to 2031
Table 99: Brazil Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2016 to 2020
Table 100: Brazil Market Value (US$ Mn) and Volume (Units) Analysis, by End Use Industries, 2021 to 2031
Table 101: Brazil Market Volume Y-o-Y Growth Analysis, 2015 to 2020
Table 102: Brazil Market Volume Y-o-Y Growth Analysis, 2021 to 2031
Table 103: Brazil Market Value Y-o-Y Growth Analysis, 2015 to 2020
Table 104: Brazil Market Value Y-o-Y Growth Analysis, 2021 to 2031
List Of Figures
Figure 01: Global Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 02: Global Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 04: Global Market Incremental $ Opportunity, 2021 to 2031
Figure 05: Global Market Share and BPS Analysis by Product, 2021 & 2031
Figure 06: Global Market Y-o-Y Growth Projections by Product, 2021 to 2031
Figure 07: Global Market Attractiveness Analysis by Product, 2021 to 2031
Figure 08: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Scissor Lifts, 2016 to 2031
Figure 09: Global Market Incremental $ Opportunity by Scissor Lifts, 2021 to 2031
Figure 10: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Boom Lifts, 2016 to 2031
Figure 11: Global Market Incremental $ Opportunity by Boom Lifts, 2021 to 2031
Figure 12: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Other AWP's, 2016 to 2031
Figure 13: Global Market Incremental $ Opportunity by Other AWP's, 2021 to 2031
Figure 14: Global Market Share and BPS Analysis by End Use Industries, 2021 & 2031
Figure 15: Global Market Y-o-Y Growth Projections by End Use Industries, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 17: Global Market Value (US$ Mn), Volume (Unit) and Forecast by AWP Rental Service Providers, 2016 to 2031
Figure 18: Global Market Incremental $ Opportunity by AWP Rental Service Providers, 2021 to 2031
Figure 19: Global Market Value (US$ Mn), Volume (Unit) and Forecast by End Use Industries, 2016 to 2031
Figure 20: Global Market Incremental $ Opportunity by End Use Industries, 2021 to 2031
Figure 21: Global Market Share and BPS Analysis by Region, 2021 & 2031
Figure 22: Global Market Y-o-Y Growth Projections by Region, 2021 to 2031
Figure 23: Global Market Attractiveness Index by Region, 2021 to 2031
Figure 24: North America Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 25: North America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 26: North America Market Share Analysis by Country, 2021 & 2031
Figure 27: North America Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 28: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 29: North America Market Share Analysis by Product, 2021 & 2031
Figure 30: North America Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 31: North America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 32: North America Market Share Analysis by End Use Industries, 2021 & 2031
Figure 33: North America Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 34: North America Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 35: Latin America Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 36: Latin America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 37: Latin America Market Share Analysis by Country, 2021 & 2031
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 39: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 40: Latin America Market Share Analysis by Product, 2021 & 2031
Figure 41: Latin America Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 42: Latin America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 43: Latin America Market Share Analysis by End Use Industries, 2021 & 2031
Figure 44: Latin America Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 45: Latin America Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 46: Europe Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 47: Europe Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 48: Europe Market Share Analysis by Country, 2021 & 2031
Figure 49: Europe Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 50: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 51: Europe Market Share Analysis by Product, 2021 & 2031
Figure 52: Europe Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 53: Europe Market Attractiveness Analysis by Product, 2021 to 2031
Figure 54: Europe Market Share Analysis by End Use Industries, 2021 & 2031
Figure 55: Europe Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 56: Europe Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 57: South Asia Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 58: South Asia Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 59: South Asia Market Share Analysis by Country, 2021 & 2031
Figure 60: South Asia Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 61: South Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 62: South Asia Market Share Analysis by Product, 2021 & 2031
Figure 63: South Asia Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 64: South Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 65: South Asia Market Share Analysis by End Use Industries, 2021 & 2031
Figure 66: South Asia Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 67: South Asia Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 68: East Asia Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 69: East Asia Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 70: East Asia Market Share Analysis by Country, 2021 & 2031
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 72: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 73: East Asia Market Share Analysis by Product, 2021 & 2031
Figure 74: East Asia Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 75: East Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 76: East Asia Market Share Analysis by End Use Industries, 2021 & 2031
Figure 77: East Asia Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 78: East Asia Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 79: Oceania Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 80: Oceania Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 81: Oceania Market Share Analysis by Country, 2021 & 2031
Figure 82: Oceania Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 83: Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 84: Oceania Market Share Analysis by Product, 2021 & 2031
Figure 85: Oceania Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 86: Oceania Market Attractiveness Analysis by Product, 2021 to 2031
Figure 87: Oceania Market Share Analysis by End Use Industries, 2021 & 2031
Figure 88: Oceania Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 89: Oceania Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 90: Middle East & Africa Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 91: Middle East & Africa Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 92: Middle East & Africa Market Share Analysis by Country, 2021 & 2031
Figure 93: Middle East & Africa Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 94: Middle East & Africa Market Attractiveness Analysis by Country, 2021 to 2031
Figure 95: Middle East & Africa Market Share Analysis by Product, 2021 & 2031
Figure 96: Middle East & Africa Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 97: Middle East & Africa Market Attractiveness Analysis by Product, 2021 to 2031
Figure 98: Middle East & Africa Market Share Analysis by End Use Industries, 2021 & 2031
Figure 99: Middle East & Africa Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 100: Middle East & Africa Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 101: China Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 102: China Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 103: China Market Share Analysis by Product, 2021 & 2031
Figure 104: China Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 105: China Market Attractiveness Analysis by Product, 2021 to 2031
Figure 106: China Market Share Analysis by End Use Industries, 2021 & 2031
Figure 107: China Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 108: China Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 109: India Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 110: India Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 111: India Market Share Analysis by Product, 2021 & 2031
Figure 112: India Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 113: India Market Attractiveness Analysis by Product, 2021 to 2031
Figure 114: India Market Share Analysis by End Use Industries, 2021 & 2031
Figure 115: India Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 116: India Market Attractiveness Analysis by End Use Industries, 2021 to 2031
Figure 117: Brazil Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2016 to 2020
Figure 118: Brazil Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 119: Brazil Market Share Analysis by Product, 2021 & 2031
Figure 120: Brazil Market Y-o-Y Growth Projection by Product, 2021 to 2031
Figure 121: Brazil Market Attractiveness Analysis by Product, 2021 to 2031
Figure 122: Brazil Market Share Analysis by End Use Industries, 2021 & 2031
Figure 123: Brazil Market Y-o-Y Growth Projection by End Use Industries, 2021 to 2031
Figure 124: Brazil Market Attractiveness Analysis by End Use Industries, 2021 to 2031
- FAQs -
What is the projected market value for aerial work platforms?
The global market for aerial work platforms is envisaged to account for over US$ 16.6 Bn by 2032.
What is currently driving demand for aerial work platforms?
The increasing number of infrastructure projects are projected to offer significant growth opportunities for sales of aerial work platforms.
What is the market of the key market players?
The apex aerial work platforms manufacturers account for 65-70% of total market share.
How opportunistic is the market for AWP in North America?
As per Fact.MR, aerial work platforms will likely capture 40% of demand across North America.
What are the growth prospects across Europe for aerial work platforms?
Europe is expected to generate 27% of global aerial work platforms revenue.
How lucrative is the market across Asia?
Asia is likely to generate 1/3rd of global AWP market revenue from 2022 to 2032.
Which category of aerial work platforms will dominate?
Demand for boom lifts will outpace other categories, clocking a CAGR of 4%.
What is the projected growth rate for aerial work platforms?
From 2022 to 2032, aerial work platforms industry will surge at 6% CAGR.
How much is the global market for aerial work platforms worth?
According to Fact.MR, the aerial work platforms market will likely reach US$ 9.3 Bn by 2022.
What was the last 5 years market CAGR?
From 2017 to 2021, aerial work platforms demand surged at 4.2% value CAGR.
Aerial Work Platforms Market