Global aerial work platforms market to expand significantly through 2026
Category: #business  By Partha Ray  Date: 2020-06-03
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Global aerial work platforms market to expand significantly through 2026

According to the research report titled ‘(AWP) Aerial Work Platforms Market Size By Product (Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts), By Type (Electric, Engine Powered), By Platform Height (Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, Above 25 Meters), By Application (Rental, Construction & Mining, Government, Transportation & Logistics, Utility), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, worldwide AWP (aerial work platforms) market to is set to record a remunerative growth rate through 2026.

Inclination towards using aerial work platforms in utility, transportation and construction sectors is a major factor driving the market growth. These platforms facilitate in carrying out several operations at heighted locations. They enable maintenance technicians and engineers to efficiently conduct numerous tasks across institutes and other commercial facilities.

As per the product type, vertical mass lifts segment is predicted to grow with a CAGR of 3% during 2020-2026, owing to widespread use of personal lifts for interior repair and maintenance activities.

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By type, engine powered aerial work platforms segment accounted for 30% market share in 2018 and is estimated to record continuous growth in the subsequent years. Shifting preference towards high performance lifting technologies in various industry verticals is fueling the segmental share.

According to the report, engine powered scissor lifts provide exceptional gradeability and are ideal to be deployed across extreme terrains. These are utilized for applications with large workspace and heavy load capacity.

Speaking of platform height, 10-20 meters segment is slated to witness considerable growth in the subsequent years.

Global AWP market share from transportation & logistics application is reckoned to expand with a CAGR of 8% through 2026, primarily due to rising deployment of aerial work platforms for heavy lifting activities in warehouses.

Considering the geographical landscape, aerial work platforms market in Europe is anticipated to accumulate appreciable revenues by the year 2024. Escalating investments towards smart city development projects is stimulating the industry outlook.

Zoomlion Heavy Industry Science & Technology Co. Ltd., Aichi Corp., Zhejiang Dingli Machinery Co. Ltd., CTE, Teupen, Dinolift OY, Terex Corp. (Genie), Haulotte Group, Tadano Ltd., Holland Lift International BV, Socage Srl, Hunan Runshare Heavy Industry Co. Ltd., Snorkel, Hunan SINOBOOM Heavy Industry Co. Ltd., Skyjack, JLG Industries, Niftylift Ltd. and Manitou Group are the major participants in global aerial work platforms industry.

Question & Answer: Global Aerial Work Platforms Market

Question 1: Why is aerial work platforms industry witnessing global expansion?

Answer: Inclination towards using aerial work platforms in utility, transportation and construction sectors for working at a heightened location is a major factor driving the market growth.

Question 2: What factors are fueling the demand for aerial work platforms in Europe?

Answer: Escalating investments towards smart city development projects is stimulating the demand for aerial work platforms in Europe.

Question 3: Which companies define the competitive landscape of global aerial work platforms industry?
Answer:
Snorkel, Hunan SINOBOOM Heavy Industry Co. Ltd., Skyjack, JLG Industries, Niftylift Ltd. and Manitou Group are the major participants in global aerial work platform market.

 

Table of Content:

 

Chapter 1.    Methodology and Scope

 

1.1.    Definitions & forecast parameters

 

1.1.1. Definitions

 

1.1.2. Methodology and forecast parameters

 

1.2.    Data Sources

 

1.2.1. Secondary

 

1.2.2. Primary

 

Chapter 2.    Executive Summary

 

2.1.    AWP industry 360 degree synopsis, 2015 - 2026

 

2.1.1. Business trends

 

2.1.2. Product trends

 

2.1.3. Type trends

 

2.1.4. Platform height trends

 

2.1.5. Application trends

 

2.1.6. Regional trends

 

Chapter 3.    AWP Industry Insights

 

3.1.    Industry segmentation

 

3.2.    Industry landscape, 2015 - 2026

 

3.2.1. Global AWP rental market size, 2015 - 2026

 

3.2.1.1.    North America

 

3.2.1.2.    Europe

 

3.2.1.3.    Asia Pacific

 

3.2.1.4.    Latin America

 

3.2.1.5.    MEA

 

3.3.    Industry ecosystem analysis

 

3.3.1. Component suppliers

 

3.3.2. Manufacturers

 

3.3.3. Distribution channel analysis

 

3.3.4. End-use landscape

 

3.3.5. Vendor matrix

 

3.4.    Technology & innovation landscape

 

3.4.1. Electrification

 

3.4.2. Telematics

 

3.4.3. IoT & AI

 

3.5.    Regulatory landscape

 

3.5.1.1.    North America

 

3.5.1.2.    Europe

 

3.5.1.3.    Asia Pacific

 

3.5.1.4.    Latin America

 

3.5.1.5.    MEA

 

3.6.    Industry impact forces

 

3.6.1. Growth drivers

 

3.6.1.1.    Proliferation of global construction industry

 

3.6.1.2.    Development of technologically advanced access platforms

 

3.6.1.3.    Increasing government spending in smart city projects across the globe

 

3.6.1.4.    Rising popularity of rental equipment services in the Asia Pacific

 

3.6.1.5.    Increasing reconstruction and maintenance activities in Japan

 

3.6.1.6.    Growing numbers of infrastructure transformation projects in Indonesia and Thailand

 

3.6.1.7.    Development of urban infrastructure in South Africa and India

 

3.6.1.8.    Infrastructure development and maintenance projects in Brazil and Mexico

 

3.6.1.9.    Growing investment in mining projects across Latin America & MEA

 

3.6.2. Industry pitfalls & challenges

 

3.6.2.1.    Lack of skilled operators

 

3.6.2.2.    Increasing demand for used construction equipment

 

3.6.2.3.    High cost of access platforms

 

3.7.    Growth potential analysis

 

3.8.    Porter's analysis

 

3.8.1. Supplier power

 

3.8.2. Buyer power

 

3.8.3. Threat of new entrants

 

3.8.4. Threat of substitutes

 

3.8.5. Internal rivalry

 

3.9.    Competitive landscape, 2019

 

3.9.1. Company market share analysis

 

3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)

 

3.10.    PESTEL analysis

 

Chapter 4.    AWP Market, By Product (Revenue & Shipment)

Complete Report At: https://www.marketstudyreport.com/reports/aerial-work-platform-awp-truck-market

 

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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