Increasing Infrastructure Development to Heighten Adoption of Aerial Work Platforms
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 are gaining more acceptance and fueling the growth of aerial work platforms market.
The aerial work platforms market is gaining momentum in developing economies of South East Asia as companies are rapidly migrating from traditional maintenance practices to more advanced ones on the back of significant infrastructure modernization which has started in the recent years. Thus, the switch from traditional practices to aerial work platforms is creating a plethora of opportunities for the players operating in the industry. In Fact.MR’s report it is estimated that the aerial work platforms market will register approximated 1.5X growth in terms of value and grow at a CAGR of ~4.2% during the forecast period 2019-2029.
Boom Lifts to Hold Maximum Share in Aerial Work Platforms Market
The sales of boom lifts have increased significantly since last five years and is expected to witness prolific growth in the coming years. Furthermore, a new trend has been observed for boom lifts as it offers greater access at height when compared to conventional method of working at heights. 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$2.5Bn and are projected to grow at a value CAGR of 4% during the forecast period.
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North America and Europe to Stay in the Lead
North America and Europe are set to dominate the aerial work platforms market. Owing to the technologically advanced products and increasing safety standards in these regions, the aerial work platforms market is receiving impetus. For instance, Occupational Safety and Health Administration (OSHA) and other associations have made amendments to several standards which is encouraging the adoption of aerial work platforms and thus driving growth in the market. Furthermore, hybrid aerial work platforms are becoming increasingly common especially in these regions as they utilize both the power battery as well as engine. This is set to boost demand for aerial work platforms. Collectively, North America and Europe are estimated to account for over 67% of the overall incremental opportunity by the end of the forecast period 2019-2029.
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Product Innovation to Act as Growth Stimulator in Aerial Work Platforms Market
The aerial work platforms market is highly consolidated. In addition, there are large number of small and medium sized aerial work platform manufacturers owing to moderate manufacturing costs, and complex design. The prominent market players’ account for nearly 65% to 70% of the total market share. Industry players are focusing on product innovation to enhance their market share in the global aerial work platforms market. For instance,
- In 2019, Haulotte Group introduced an auto power off system for its booms. In order to limit the usage of energy while the boom is idle, the company equipped it’s on board diagnostic tool, named Haulotte ActivScreen Cat 2 with an auto power off feature. This allows the engine to be switched off after 4 hours of inactivity
- In 2019, Tadano Limited announced that it had launched a compact rough terrain crane for the North American Market, named GR-150XL-3. The company announced that the crane had a maximum lifting capacity of 150 Tons and a boom measuring 78.7 meters
Global Aerial Work Platforms Market - Scope of the Report
Fact.MR recently published a market study on the global market for aerial work platforms. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the aerial work platforms market structure. The market study presents exclusive information about how the aerial work platforms market will grow during the forecast period of 2019-2029.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the aerial work platforms market in the forecast period.
The study is relevant for stakeholders in the aerial work platforms market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the aerial work platforms market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the aerial work platforms market. It also offers actionable insights based on future trends in the aerial work platforms market. Furthermore, small businesses and new entrants in the aerial work platforms market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Aerial Work Platforms Market
Fact.MR’s study on the aerial work platforms market offers information divided into two key segments— product, end use industries, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
|
Product |
End Use Industries |
Region |
|
Scissor Lifts
|
AWP Rental Service Providers |
North America
|
|
Boom Lifts |
End Use Industries
|
Latin America |
|
Other AWP’s (Aerial Work Platforms) |
|
Europe |
|
|
|
South Asia |
|
|
|
East Asia |
|
|
|
Oceania |
|
|
|
Middle East & Africa (MEA) |
Key Questions Answered in Fact.MR Aerial Work Platforms Market Report
- Which regions will continue to remain the most profitable regional markets for aerial work platforms market players?
- Which factors will induce a change in the demand for aerial work platforms during the assessment period?
- How will changing trends impact the aerial work platforms market?
- How can market players capture the low-hanging opportunities in the aerial work platforms market in developed regions?
- Which companies are leading the aerial work platforms market?
- What are the winning strategies of stakeholders in the aerial work platforms market to upscale their position in this landscape?
Aerial Work Platforms Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the aerial work platforms market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the preparation of the aerial work platforms market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
1. Executive Summary
1.1. Global Market Overview
1.2. Global Market Outlook
1.3. Demand Side Trends
1.4. Supply Side Trends
1.5. Market Approach & Strategy
1.6. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition & Consideration
2.3. Market Specific Definition
2.4. Criteria for Choosing Aerial Work Platforms
2.5. Value Chain Analysis
3. Key Market Trends
3.1. Key Trends Impacting the Global Aerial Work Platforms Market
3.2. Patent Analysis
3.2.1. Scissor Lifts
3.2.2. Boom Lifts
3.3. Aerial Work Platforms Market: Regulations
3.4. New Products
4. Key Success Strategies
4.1. Key Success Strategies
5. Market Background
5.1. Aerial Work Platforms: Installed Base
5.2. Aerial Work Platforms: Cost Structure
5.3. Macroeconomic Analysis
5.3.1. Global Population Overview
5.3.2. Real GDP Growth
5.3.3. Global GDP
5.3.4. Construction & Mining Industry
5.3.5. Industry-Value Added
6. Market Dynamics
6.1. Drivers
6.2. Other Market Supporting Factors
6.3. Restraints
6.4. Other Market Restraining Factors
6.5. Trends
6.6. Opportunity
6.7. Porters Five Forces Analysis
6.8. Forecast Factors: Relevance & Impact
6.9. Market Participants Review
6.10. Fact.MR Recommendations
6.11. Changing Landscape
7. Global Aerial Work Platforms Market Analysis (2014-2018) & Forecast (2019-2029)
7.1. Market Overview
7.2. Market Introduction
7.3. Historical & Recent Market Data and Forecast
7.3.1. Market Value and Volume Analysis
7.3.2. Y-o-Y Growth Trend Analysis
7.3.3. Absolute $ Opportunity Analysis
7.4. Average Pricing Analysis - 2018
8. Global Aerial Work Platforms Market Analysis By Product Type
8.1. Introduction
8.1.1. Market Value Share Analysis By Product Type
8.1.2. Y-o-Y Growth Analysis By Product Type
8.2. Historical Market Size and Volume Analysis By Product Type 2014–2018
8.3. Market Size and Volume Forecast By Product Type 2019–2029
8.3.1. Scissor Lifts
8.3.2. Boom Lifts
8.3.3. Other AWP’s
8.4. Market Attractiveness Analysis By Product Type
9. Global Aerial Work Platforms Market Analysis By End Use Industries
9.1. Introduction
9.1.1. Market Value Share Analysis By End Use Industries
9.1.2. Y-o-Y Growth Analysis By End Use Industries
9.2. Historical Market Size and Volume Analysis By End Use Industries 2014–2018
9.3. Market Size and Volume Forecast By End Use Industries 2019–2029
9.3.1. Rental Service Providers
9.3.2. End Use Industries
9.3.2.1. Construction
9.3.2.2. Entertainment
9.3.2.3. Commercial
9.3.2.4. Manufacturing
9.3.2.5. Others (Public Administration, Agriculture, etc.)
9.4. Market Attractiveness Analysis By End Use Industries
10. Global Aerial Work Platforms Market Analysis By Region
10.1. Introduction
10.1.1. Market Value Share Analysis By Region
10.1.2. Y-o-Y Growth Analysis By Region
10.2. Historical Market Size and Volume Analysis By Region 2014–2018
10.3. Market Size and Volume Forecast By Region 2019–2029
10.3.1. North America
10.3.2. Europe
10.3.3. MEA
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. Latin America
10.4. Market Attractiveness Analysis By Region
11. North America Aerial Work Platforms Market Analysis
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Size and Volume Analysis By Market Segments, 2014–2018
11.4. Market Size and Volume Forecast By Market Segments, 2019–2029
11.4.1. By Country
11.4.1.1. U.S.
11.4.1.2. Canada
11.4.2. By Product Type
11.4.3. By End Use Industries
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Product Type
11.5.3. By End Use Industries
11.6. Market Trends
11.7. Key Market Participants – Intensity Mapping
11.8. Drivers and Restraints – Impact Analysis
12. Latin America Aerial Work Platforms Market Analysis
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size and Volume Analysis By Market Segments, 2014–2018
12.4. Market Size and Volume Forecast By Market Segments, 2019–2029
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Mexico
12.4.1.3. Rest of Latin America
12.4.2. By Product Type
12.4.3. By End Use Industries
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By End Use Industries
12.6. Market Trends
12.7. Key Market Participants – Intensity Mapping
12.8. Drivers and Restraints – Impact Analysis
13. Europe Aerial Work Platforms Market Analysis
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size and Volume Analysis By Market Segments, 2014–2018
13.4. Market Size and Volume Forecast By Market Segments, 2019–2029
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. U.K.
13.4.1.3. France
13.4.1.4. Italy
13.4.1.5. Spain
13.4.1.6. Nordic
13.4.1.7. Poland
13.4.1.8. Russia
13.4.1.9. Rest of Europe
13.4.2. By Product Type
13.4.3. By End Use Industries
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By End Use Industries
13.6. Market Trends
13.7. Key Market Participants – Intensity Mapping
13.8. Drivers and Restraints – Impact Analysis
14. MEA Aerial Work Platforms Market Analysis
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size and Volume Analysis By Market Segments, 2014–2018
14.4. Market Size and Volume Forecast By Market Segments, 2019–2029
14.4.1. By Country
14.4.1.1. GCC Countries
14.4.1.2. Turkey
14.4.1.3. North Africa
14.4.1.4. South Africa
14.4.1.5. Rest of MEA
14.4.2. By Product Type
14.4.3. By End Use Industries
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By End Use Industries
14.6. Market Trends
14.7. Key Market Participants – Intensity Mapping
14.8. Drivers and Restraints – Impact Analysis
15. South Asia Aerial Work Platforms Market Analysis
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size and Volume Analysis By Market Segments, 2014–2018
15.4. Market Size and Volume Forecast By Market Segments, 2019–2029
15.4.1. By Country
15.4.1.1. ASEAN
15.4.1.2. India
15.4.1.3. Rest of South Asia
15.4.2. By Product Type
15.4.3. By End Use Industries
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By End Use Industries
15.6. Market Trends
15.7. Key Market Participants – Intensity Mapping
15.8. Drivers and Restraints – Impact Analysis
16. East Asia Aerial Work Platforms Market Analysis
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size and Volume Analysis By Market Segments, 2014–2018
16.4. Market Size and Volume Forecast By Market Segments, 2019–2029
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.2. By Product Type
16.4.3. By End Use Industries
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product Type
16.5.3. By End Use Industries
16.6. Market Trends
16.7. Key Market Participants – Intensity Mapping
16.8. Drivers and Restraints – Impact Analysis
17. Oceania Aerial Work Platforms Market Analysis
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size and Volume Analysis By Market Segments, 2014–2018
17.4. Market Size and Volume Forecast By Market Segments, 2019–2029
17.4.1. By Country
17.4.1.1. Australia
17.4.1.2. New Zealand
17.4.2. By Product Type
17.4.3. By End Use Industries
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Type
17.5.3. By End Use Industries
17.6. Market Trends
17.7. Key Market Participants – Intensity Mapping
17.8. Drivers and Restraints – Impact Analysis
18. Emerging Countries Aerial Work Platforms Market Analysis 2014-2018 and Forecast 2019-2029
18.1. Introduction
18.2. China Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.2.1. By Product Type
18.2.2. By End Use Industries
18.3. India Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.3.1. By Product Type
18.3.2. By End Use Industries
18.4. Brazil Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18.4.1. By Product Type
18.4.2. By End Use Industries
19. Aerial Work Platforms Market Analysis 2014-2018 and Forecast 2019-2029, Country Analysis
19.1. US Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.1.1. By Product Type
19.1.2. By End Use Industries
19.2. Canada Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.2.1. By Product Type
19.2.2. By End Use Industries
19.3. Mexico Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.3.1. By Product Type
19.3.2. By End Use Industries
19.4. Germany Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.4.1. By Product Type
19.4.2. By End Use Industries
19.5. Italy Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.5.1. By Product Type
19.5.2. By End Use Industries
19.6. France Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.6.1. By Product Type
19.6.2. By End Use Industries
19.7. UK Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.7.1. By Product Type
19.7.2. By End Use Industries
19.8. Spain Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.8.1. By Product Type
19.8.2. By End Use Industries
19.9. BENELUX Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.9.1. By Product Type
19.9.2. By End Use Industries
19.10. Russia Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.10.1. By Product Type
19.10.2. By End Use Industries
19.11. Japan Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.11.1. By Product Type
19.11.2. By End Use Industries
19.12. South Korea Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.12.1. By Product Type
19.12.2. By End Use Industries
19.13. ASEAN Countries Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.13.1. By Product Type
19.13.2. By End Use Industries
19.14. Australia Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.14.1. By Product Type
19.14.2. By End Use Industries
19.15. GCC Countries Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.15.1. By Product Type
19.15.2. By End Use Industries
19.16. South Africa Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.16.1. By Product Type
19.16.2. By End Use Industries
19.17. Turkey Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.17.1. By Product Type
19.17.2. By End Use Industries
20. Market Structure Analysis
20.1. Competition Development
20.2. Key Players – Market Positioning
20.3. Key Players – Market Footprint
20.4. Regional Tier Structure Analysis
20.5. Global Tier Structure Analysis
20.6. Global Aerial Work Platforms Market Value Share Analysis by Companies
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Deep Dive
21.2.1. Terex Corporation
21.2.1.1. Overview
21.2.1.2. Product Portfolio
21.2.1.3. Production Footprint
21.2.1.4. Sales Footprint
21.2.1.5. Strategy
21.2.1.5.1. Marketing Strategy
21.2.1.5.2. Product Strategy
21.2.1.5.3. Channel Strategy
21.2.2. Haulotte Group
21.2.2.1. Overview
21.2.2.2. Product Portfolio
21.2.2.3. Production Footprint
21.2.2.4. Sales Footprint
21.2.2.5. Strategy
21.2.2.5.1. Marketing Strategy
21.2.2.5.2. Product Strategy
21.2.2.5.3. Channel Strategy
21.2.3. Oshkosh Corporation
21.2.3.1. Overview
21.2.3.2. Product Portfolio
21.2.3.3. Production Footprint
21.2.3.4. Sales Footprint
21.2.3.5. Strategy
21.2.3.5.1. Marketing Strategy
21.2.3.5.2. Product Strategy
21.2.3.5.3. Channel Strategy
21.2.4. Linamar Corporation
21.2.4.1. Overview
21.2.4.2. Product Portfolio
21.2.4.3. Production Footprint
21.2.4.4. Sales Footprint
21.2.4.5. Strategy
21.2.4.5.1. Marketing Strategy
21.2.4.5.2. Product Strategy
21.2.4.5.3. Channel Strategy
21.2.5. Tadano Ltd
21.2.5.1. Overview
21.2.5.2. Product Portfolio
21.2.5.3. Production Footprint
21.2.5.4. Sales Footprint
21.2.5.5. Strategy
21.2.5.5.1. Marketing Strategy
21.2.5.5.2. Product Strategy
21.2.5.5.3. Channel Strategy
21.2.6. Aichi Corporation
21.2.6.1. Overview
21.2.6.2. Product Portfolio
21.2.6.3. Production Footprint
21.2.6.4. Sales Footprint
21.2.6.5. Strategy
21.2.6.5.1. Marketing Strategy
21.2.6.5.2. Product Strategy
21.2.6.5.3. Channel Strategy
21.2.7. MEC Aerial Work Platforms
21.2.7.1. Overview
21.2.7.2. Product Portfolio
21.2.7.3. Production Footprint
21.2.7.4. Sales Footprint
21.2.7.5. Strategy
21.2.7.5.1. Marketing Strategy
21.2.7.5.2. Product Strategy
21.2.7.5.3. Channel Strategy
21.2.8. Palfinger AG
21.2.8.1. Overview
21.2.8.2. Product Portfolio
21.2.8.3. Production Footprint
21.2.8.4. Sales Footprint
21.2.8.5. Strategy
21.2.8.5.1. Marketing Strategy
21.2.8.5.2. Product Strategy
21.2.8.5.3. Channel Strategy
21.2.9. Hunan Sinoboom Heavy Industries Co. Ltd.
21.2.9.1. Overview
21.2.9.2. Product Portfolio
21.2.9.3. Production Footprint
21.2.9.4. Sales Footprint
21.2.9.5. Strategy
21.2.9.5.1. Marketing Strategy
21.2.9.5.2. Product Strategy
21.2.9.5.3. Channel Strategy
21.2.10. Zheijiang Dingli Machinery Co. Ltd.
21.2.10.1. Overview
21.2.10.2. Product Portfolio
21.2.10.3. Production Footprint
21.2.10.4. Sales Footprint
21.2.10.5. Strategy
21.2.10.5.1. Marketing Strategy
21.2.10.5.2. Product Strategy
21.2.10.5.3. Channel Strategy
21.2.11. Manitou Group
21.2.11.1. Overview
21.2.11.2. Product Portfolio
21.2.11.3. Production Footprint
21.2.11.4. Sales Footprint
21.2.11.5. Strategy
21.2.11.5.1. Marketing Strategy
21.2.11.5.2. Product Strategy
21.2.11.5.3. Channel Strategy
21.2.12. Mantall Heavy Industry Co. Ltd.
21.2.12.1. Overview
21.2.12.2. Product Portfolio
21.2.12.3. Production Footprint
21.2.12.4. Sales Footprint
21.2.12.5. Strategy
21.2.12.5.1. Marketing Strategy
21.2.12.5.2. Product Strategy
21.2.12.5.3. Channel Strategy
21.2.13. Noblelift Intelligent Equipment Co. Ltd.
21.2.13.1. Overview
21.2.13.2. Product Portfolio
21.2.13.3. Production Footprint
21.2.13.4. Sales Footprint
21.2.13.5. Strategy
21.2.13.5.1. Marketing Strategy
21.2.13.5.2. Product Strategy
21.2.13.5.3. Channel Strategy
21.2.14. IMER International SpA
21.2.14.1. Overview
21.2.14.2. Product Portfolio
21.2.14.3. Production Footprint
21.2.14.4. Sales Footprint
21.2.14.5. Strategy
21.2.14.5.1. Marketing Strategy
21.2.14.5.2. Product Strategy
21.2.14.5.3. Channel Strategy
21.2.15. J C Bamford Excavators Limited
21.2.15.1. Overview
21.2.15.2. Product Portfolio
21.2.15.3. Production Footprint
21.2.15.4. Sales Footprint
21.2.15.5. Strategy
21.2.15.5.1. Marketing Strategy
21.2.15.5.2. Product Strategy
21.2.15.5.3. Channel Strategy
22. Research Methodology
23. Assumption & Acronyms
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Aerial Work Platforms Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029