Machinery and Equipment

Aerial Work Platforms Market to Rise 9.4 Percent Says Precedence Research

Precedence Research recently published a report on “Aerial Work Platforms Market (By Type: Engine Powered and Electric; By Product: Scissor Lifts, Boom Lifts, Personal Portable Lifts, and Vertical Mass Lifts; By Platform Height: Above 25 Meters, 20 to 25 Meters, 10 to 20 Meters, and Below 10 Meters; By Application: Construction & Mining, Rental, Transportation & Logistics, Government, and Utility) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027”. Amid the COVID-19 crisis, The global aerial work platforms market size is projected to reach USD 19.90 billion by 2027 from an estimated USD 9.7 billion in 2019, at a CAGR of 9.4% from 2020 – 2027.

The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates aerial work platforms market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global aerial work platforms market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2027 along with a forecast from 2020 to 2027 based on value.

Aerial Work Platform (AWP) is commonly referred as an Elevating Work Platform (EWP) are mechanical devices that provide a temporary access to inaccessible areas for workers or equipment by lifting them to a particular height. AWP witness significant popularity owing to the incorporation of advanced technical features that include sensors, telematics, and CAN bus, this improves the safety level in the machine compared to the traditional one.

Within the past few years, the AWP manufacturers have leveraged combination of such machines and technologies as it improves the operational efficiency of the AWP. For instance, manufacturers have included combination of sensors and controllers by integrating CAN bus technology that has become an emerging trend among the workers as it provides advanced benefits over other models.

Scope of the Study

This aerial work platforms market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors

Aerial Work Platform (AWP) is cost-effective as well as easy to use that has resulted into escalating adoption of AWP in various sectors that include repair, maintenance, manufacturing, construction, and other industrial sectors. The aforementioned factor expected to fuel growth of the global AWP market in the coming years. In addition, persistent rise in the demand for AWP from construction sector has led to an increased focus of market players on product enhancement and development that contributes as another key factor anticipated propelling the market growth for aerial work platform.

Moreover, growing demand for flexible equipment and automation in several industries projected to boost the market growth for AWP. Furthermore, mandatory safety standards from governments of various countries along with enhanced infrastructure of AWP expected to drive the AWP market growth in the near future.

Apart from this, increasing awareness related to safety issues coupled with AWP increasing cost are some of the major factors likely to hamper the growth of the global aerial work platform market. For instance, scissor lifts and electric-powered lifts incorporated with advance features have higher price range as compared to traditional towers and ladders.

Regional Snapshots

In terms of consumption and demand, North America was projected as the front-runner in the global Aerial Work Platform (AWP) market and projected to hold significant value share in the year 2019. Rapid growth in infrastructural projects at the residential as well as commercial areas is one of the important factors that results in escalating growth of AWP demand. In addition, availability of potential disposable income along with rapid adoption of equipment such as AWP to maintain safe and secure working environment for workers boosts the adoption of these platforms in this region.

Besides this, Europe expected to follow North America in terms of volume utilization of the AWP owing to significant growth in the construction of residential and commercial buildings in the region. Further, the industries present in this region are more inclined towards the safety improvement of workplaces coupled with workflow process optimization to uphold an efficient process.

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Report Highlights

  • In 2019,North America dominated the global market in terms of revenue and volume both followed by Europe owing to rising construction activity in the regions.
  • The Asia Pacific emerged as the most lucrative region in the global market owing to presence of numerous under-developed regions that offer significant development opportunities for construction and transportation infrastructure
  • Boom lifts dominated the product segment in the global market accounting for nearly 70% of value share due to the rising demand of boom lifts because of their fast & flexible operations
  • Based on platform height, below 10 meters segment exhibits prominent growth its increasing utilization in the in-house maintenance & construction activities
  • By type, electric Mobile Electric Work Platform (MEWP) held nearly 65% of the value share in the year 2019, as they are helpful in reducing carbon footprint
  • Rental application has gained notable traction in the recent past in the AWP industry owing to the emergence of numerous market players providing rental service across the globe

Key Players:

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the aerial work platforms market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the aerial work platforms market include:

  • CTE
  • Aichi Corporation
  • Haulotte Group
  • Dinolift OY
  • Hunan Runshare Heavy Industry Company, Ltd.
  • Zhejiang Dingli Machinery Co, Ltd.
  • Holland Lift International bv
  • JLG Industries
  • Hunan Sinoboom Heavy Industry Co. Ltd.
  • Niftylift Limited
  • Manitou Group
  • Snorkel
  • Skyjack
  • Tadano Limited
  • SocageSrl
  • Teupen
  • Genie

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of type, product, platform height, application, and region:

By Type

  • Engine Powered
  • Electric

By Product

  • Scissor Lifts
  • Boom Lifts
  • Personal Portable Lifts
  • Vertical Mass Lifts

By Platform Height

  • Above 25 Meters
  • 20 to 25 Meters
  • 10 to 20 Meters
  • Below 10 Meters

By Application

  • Construction & Mining
  • Rental
  • Transportation & Logistics
  • Government
  • Utility

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Key Takeaways

  • Comprehensive analysis of the aerial work platforms market trends and shares from 2020 to 2027 at global and regional level to identify growth opportunities and analyze market developments
  • Exhaustive analysis of price trends with respect to resin type and region that are expected to impact the outlook of the global aerial work platforms market
  • Porters’ Five Forces analysis that highlights the bargaining power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions
  • Extensive market outlook of key geographic regions along with market drivers, inhibitors, current & future market trends, and emerging applications
  • Comprehensive list of key potential clients across major end-use industries in different geographies
  • Thorough import-export analysis  across the globe
  • Regional level production output to comprehend the demand-supply scenario
  • Competitive landscape covers key companies’ profiling, market share analysis, market footprint analysis, competitive business strategies, channels, and competition matrix for key players

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Aerial Work Platforms Market, By Product

7.1. Aerial Work Platforms Market, by Product Type, 2020-2027
7.1.1. Scissor Lifts
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Boom Lifts
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Personal Portable Lifts
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Vertical Mass Lifts
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Aerial Work Platforms Market, By Type

8.1. Aerial Work Platforms Market, by Type, 2020-2027
8.1.1. Engine Powered
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Electric
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Aerial Work Platforms Market, By Platform Height

9.1. Aerial Work Platforms Market, by Platform Height, 2020-2027
9.1.1. Above 25 Meters
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. 20 to 25 Meters
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. 10 to 20 Meters
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Below 10 Meters
9.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Aerial Work Platforms Market, By Application

10.1. Aerial Work Platforms Market, by Application, 2020-2027
10.1.1. Construction & Mining
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Rental
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Transportation & Logistics
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Government
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Utility
10.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Aerial Work Platforms Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.2. Market Revenue and Forecast, by Type (2016-2027)
11.1.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.1.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Type (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.1.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Type (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.1.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.2. Market Revenue and Forecast, by Type (2016-2027)
11.2.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.2.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Type (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.2.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Type (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.2.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Type (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.2.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Type (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.2.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.2. Market Revenue and Forecast, by Type (2016-2027)
11.3.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.3.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Type (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.3.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Type (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.3.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Type (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.3.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Type (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.3.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.2. Market Revenue and Forecast, by Type (2016-2027)
11.4.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.4.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Type (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.4.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Type (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.4.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Type (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.4.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Type (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.4.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.2. Market Revenue and Forecast, by Type (2016-2027)
11.5.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Type (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.5.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Type (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Platform Height (2016-2027)
11.5.6.4. Market Revenue and Forecast, by Application (2016-2027)

Chapter 12. Company Profiles

12.1. CTE
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Aichi Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Haulotte Group
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Dinolift OY
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Hunan Runshare Heavy Industry Company, Ltd.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Zhejiang Dingli Machinery Co, Ltd.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Holland Lift International bv
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. JLG Industries
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Hunan Sinoboom Heavy Industry Co. Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Niftylift Limited
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Manitou Group
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Snorkel
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Skyjack
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. Tadano Limited
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. SocageSrl
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Teupen
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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