The Aerial Work Platform market expects to grow from USD 9.2 billion in 2020 to USD 17.03 billion by 2028, at a CAGR of 8% during the forecast period 2021-2028.
The aerial work platform is a mechanical device that allows people or equipment to gain temporary access to complex regions, usually at a height. The building industry's demand for Aerial Work Platform is soaring because of its compact and diverse application. Articulated boom lifts, telescopic boom lifts, scissor lifts, and other types of lifts are compact and easy to move, making them suitable for both interior and outdoor construction projects. Aerial Work Platforms also help reduce accidents and fatalities on building sites, making them a better option than traditional scaffolding. In addition, these gadgets are safe and convenient, making them ideal for construction and maintenance work. Before each work shift, aerial work platforms must be inspected to ensure that the equipment and its components are in safe working order. Operator training is provided on an annual basis. However, it is necessary every five years at the very least.
The factors driving the market are growing Aerial Work Platform across the globe, increasing public infrastructure construction, renovation activities, airport authorities for the development and construction of new airports, improved safety measures, advancements in logistics & transportation, and Increasing investments by governments. The factors restraining the market growth are High initial, and maintenance costs, the unavailability of skilled personnel to operate the equipment, and manpower & raw material scarcity caused problems in the creation and design of new equipment. Developments in fully electric and hybrid aerial work platforms, growing adoption of new technology, and the Incorporation of safety features and telematics solutions are expected to provide market growth opportunities.
This study delivers a comprehensive analysis of type, product, and region. The type segment includes Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts. The Boom Lifts segment held the largest market share, owing to its flexibility& fast operations. Several characteristics of boom lifts, such as their ability to operate in difficult terrain and reach greater heights, contribute to their expanding market share. The operation segment includes Fuel Powered, Electric, and Hybrid. The Hybrid segment holds the largest market share, owing to the usage of two modes, the demand for maintenance and repair services in the residential construction segment. In addition, several advantages of electric segments, such as zero-emission and the capacity to manoeuvre in tight spaces, increased awareness of the benefits of using electric lifting equipment to reduce the environmental effect. The end-user segment includes Construction, Utilities, Logistics & Transportation, and Others. The Construction segment holds the largest market share, owing to the rapid increase in infrastructural developments and increased government projects.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share in the U.S., owing to the growing construction industry and government projects. However, the Asia-Pacific region is anticipated to grow and holds the largest share in China, despite a stagnant construction market, Chinese construction firms have recognized and embraced a wide range of aerial work platforms. Furthermore, rather than extending their physical store space to Western saturation levels, China's retail business is focusing on the omnichannel network, which has boosted the storage and warehousing market in recent years.
Some of the notable players in the market are Aichi Corporation, Altec Inc., Haulotte Group, J.C. Bamford Excavators Limited, Holland Lift International bv,Niftylift Limited, Oshkosh Corporation, Skyjack, Terex Corporation, Zhejiang Dingli Machinery Co., Ltd., Toyota Industries Corporation, Heavy Industry Co. Ltd., Oshkosh Corporation, Manitou Group, Zoomlion Heavy Industry Science & Technology Co., Ltd.
Aerial Work Platform Market Analysis and Forecast, Type
Aerial Work Platform Market Analysis and Forecast, Operation
Aerial Work Platform Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis ByType
4.3.2. Market Attractiveness Analysis ByOperation
4.3.3. Market Attractiveness Analysis ByEnd-User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing public infrastructure construction
5.2.2. Renovation activities
5.2.3. Airport authorities for the development and construction of new airports
5.2.4. Improved safety measures
5.2.5. Advancements in the logistics & transportation
5.2.6. Increasing investments by governments
5.3. Restraints
5.3.1. High initial and maintenance costs
5.3.2. The unavailability of skilled personnel to operate the equipment
5.3.3. Manpower & raw material scarcity caused problems in the creation and design of new equipment.
5.4. Opportunities
5.4.1. Developments in fully electric and hybrid aerial work platforms
5.4.2. Growing adoption of new technology
5.4.3. Incorporation of safety features and telematic solutions
6. Global Aerial Work Platform Treatment Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Boom Lifts
6.3. Scissor Lifts
6.4. Vertical Mass Lifts
6.5. Personal Portable Lifts
7. Global Aerial Work Platform Treatment Market Analysis and Forecast, By Operation
7.1. Segment Overview
7.2. Fuel Powered
7.3. Electric
7.4. Hybrid
8. Global Aerial Work Platform Treatment Market Analysis and Forecast, By End User
8.1. Construction
8.2. Utilities
8.3. Logistics & Transportation
8.4. Others
9. Global Aerial Work Platform Treatment Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Aerial Work Platform Treatment Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Aerial Work PlatformTreatment Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Operation Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Aichi Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Operation Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Altec Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Operation Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Haulotte Group
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Operation Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. J.C. Bamford Excavators Limited
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Operation Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Holland Lift International bv
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Operation Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Niftylift Limited
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Operation Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Oshkosh Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Operation Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Skyjack
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Operation Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Terex Corporation
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Operation Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Zhejiang Dingli Machinery Co., Ltd
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Operation Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Toyota Industries Corporation
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Operation Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Heavy Industry Co. Ltd.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Operation Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Oshkosh Corporation
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Operation Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Zoomlion Heavy IndustryScience & Technology Co. Ltd.
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Operation Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Monitou Group
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Operation Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
List of Table
1. Global Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
2. Global Boom Lifts, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
3. Global Scissor Lifts, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
4. Global Vertical Mass Lifts, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
5. Global Personal Portable Lifts, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
6. Global Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
7. Global Fuel Powered, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
8. Global Electric, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
9. Global Hybrid, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
10. Global Aerial Work Platform Market, End User, 2018-2028 (USD Billion)
11. Global Construction, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
12. Global Utilities, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
13. Global Logistics & Transportation, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
14. Global Others, Aerial Work Platform Market, By Region, 2018-2028 (USD Billion)
15. North America Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
16. North America Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
17. North America Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
18. U.S. Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
19. U.S. Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
20. U.S Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
21. Canada Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
22. Canada Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
23. Canada Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
24. Mexico Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
25. Mexico Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
26. Mexico Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
27. Europe Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
28. Europe Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
29. Europe Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
30. Germany Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
31. Germany Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
32. Germany Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
33. France Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
34. France Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
35. France Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
36. U.K. Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
37. U.K. Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
38. U.K. Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
39. Italy Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
40. Italy Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
41. Italy Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
42. Spain Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
43. Spain Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
44. Spain Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
45. Asia Pacific Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
46. Asia Pacific Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
47. Asia Pacific Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
48. Japan Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
49. Japan Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
50. Japan Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
51. China Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
52. China Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
53. China Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
54. India Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
55. India Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
56. India Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
57. South America Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
58. South America Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
59. South America Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
60. Brazil Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
61. Brazil Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
62. Brazil Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
63. Middle East and Africa Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
64. Middle East and Africa Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
65. Middle East and Africa Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
66. UAE Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
67. UAE Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
68. UAE Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
69. South Africa Aerial Work Platform Market, By Type, 2018-2028 (USD Billion)
70. South Africa Aerial Work Platform Market, By Operation, 2018-2028 (USD Billion)
71. South Africa Aerial Work Platform Market, By End User, 2018-2028 (USD Billion)
List of Figures
1. Global Aerial Work Platform Market Segmentation
2. Global Aerial Work Platform Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Aerial Work Platform Market Attractiveness Analysis ByType
9. Global Aerial Work Platform Market Attractiveness Analysis ByOperation
10. Global Aerial Work Platform Market Attractiveness Analysis ByEnd-User
11. Global Aerial Work Platform Market Attractiveness Analysis By Region
12. Global Aerial Work Platform Market: Dynamics
13. Global Aerial Work Platform Market Share by Type(2021&2028)
14. Global Aerial Work Platform Market Share by Operation (2021&2028)
15. Global Aerial Work Platform Market Attractiveness Analysis ByEnd-User
16. Global Aerial Work Platform Market Share by Regions (2021&2028)
17. Global Aerial Work Platform Market Share by Company (2020)
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