BANGALORE, India, May 7, 2024
/PRNewswire/ -- Aerial Work Platform (AWP) Market is
Segmented by Type (Telescoping Boom Lifts, Articulated Boom Lifts,
Scissor Lifts, Truck-Mounted Lifts), by Application (Municipal,
Telecommunication, Construction, Industrial Application, Others):
Global Opportunity Analysis and Industry Forecast, 2024-2030.
The global Aerial Work Platform (AWP) market was valued at
USD 8858.5 million in 2023 and is
anticipated to reach USD 11860
million by 2030, witnessing a CAGR of 4.2% during the
forecast period 2024-2030.
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Major Factors Driving the Aerial Work Platform (Awp) Market
Growth
The market for aerial work platforms (AWPs) is expanding
significantly due to a number of important factors. First off,
there is a growing need for AWP equipment for jobs like
installation, maintenance, and repair at heights because of the
global emphasis on infrastructure development and building
projects.
Furthermore, strict safety laws requiring the use of dependable
and effective access devices are propelling market expansion. In
addition, market growth is also aided by the increasing use of AWPs
in a variety of sectors, such as manufacturing, utilities, and
logistics, to improve worker safety and operational effectiveness.
The need for AWP solutions is also being driven by technical
developments including the incorporation of IoT, telematics, and
increased safety features. With businesses placing a higher
priority on productivity, safety, and efficiency, the AWP market is
expected to rise steadily.
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TRENDS INFLUENCING THE GROWTH OF AERIAL WORK PLATFORM (AWP)
MARKET
Because of their well-known stability and large platform area,
scissor lifts are vital for a variety of uses in sectors including
warehousing, maintenance, and construction. These lifts enable jobs
like installation, painting, and equipment maintenance at heights
by offering a sturdy working platform that can sustain large loads
and several people. They may be used in confined locations and
inside thanks to its vertical lifting mechanism and compact form,
which increases their suitability for a wide range of sectors.
Scissor lifts continue to be a major growth driver in the aerial
work platform (AWP) market as safety standards and efficiency
requirements fuel demand for dependable work platforms.
Aerial work platforms are essential for building installation,
maintenance, and rehabilitation operations in the construction
industry. Tasks like painting, installing HVAC systems, and working
on façades at a height are made easier with the use of telescoping
boom lifts, scissor lifts, and articulated boom lifts. Because of
its adaptability, stability, and reach, AWPs improve worker safety
and productivity on construction sites by allowing workers to
confidently access elevated work zones. The need for aerial work
platforms in the construction industry is expected to continue
growing, bolstering market development, as long as global building
activity stays strong and safety requirements continue to
tighten.
Because of its increased reach and adaptability, telescoping
boom lifts are becoming more and more popular in a variety of
sectors. For jobs requiring access to high or difficult-to-reach
locations, such building sites, industrial facilities, and
maintenance operations, these lifts are perfect. Compared to other
AWP kinds, their telescopic shape allows for more horizontal
outreach, which makes it possible for operators to operate
effectively over a variety of job sites. Because telescoping boom
lifts are so versatile and have such a wide reach, the AWP industry
is growing at a rapid rate as enterprises emphasize worker safety
and operational efficiency.
Because of their exceptional mobility and versatility,
articulated boom lifts are invaluable in the building, maintenance,
and telecommunications sectors. These lifts' many articulated
pieces make it simple for operators to reach over barriers and
enter tight places. They are very adaptive to different work site
situations thanks to their articulation and extension skills, which
boost output and worker safety. In the AWP market, articulated boom
lifts' continuous expansion is driven by their flexibility and
adaptability, which are in high demand as businesses look for
equipment that can efficiently negotiate difficult work areas.
Aerial work platforms are essential for servicing and
maintaining infrastructure in urban settings. When it comes to
fixing streetlights, pruning trees, or performing building
inspections, municipal personnel may easily and safely access
elevated work sites with the use of AWPs. The various AWP models,
which range from articulated boom lifts for streetlight maintenance
to scissor lifts for building maintenance operations, are versatile
and adaptable enough to meet the varied demands of municipal
projects. The need for aerial work platforms in municipal
applications is anticipated to increase as cities invest in
infrastructure renovations and maintenance programs, propelling
market growth.
Aerial work platforms are essential to the manufacturing and
warehousing industries for maximizing productivity and guaranteeing
worker safety. In industrial environments, scissor lifts and
articulated boom lifts are frequently utilized for operations
including inventory management, facility inspections, and equipment
maintenance. By offering a sturdy and secure working platform,
these AWPs reduce the possibility of mishaps and injuries while
enabling employees to do activities at height. The market for
aerial work platforms for industrial applications is expected to
increase as a result of the growing emphasis on worker well-being
and productivity in these settings.
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AERIAL WORK PLATFORM (AWP) MARKET SHARE
ANALYSIS
The leading companies in the worldwide aerial work platform
(AWP) market are Haulotte, JLG, Terex, and others. About 50% of the
worldwide market is occupied by the top 3 competitors.
With over 65% of the world market, North America and Europe are the two largest regions.
40% of all boom lifts are telescoping boom lifts, making them
the primary variety.
The majority application, or around 40%, is municipal.
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Key Players:
- Terex
- JLG
- Haulotte
- Aichi
- Dingli
- Ruthmann
- Tadano Limited
- TIME Manufacturing
- Altec Inc
- Klubb
- Multitel Pagliero
- Bronto Skylift
- PALFINGER AG
- Handler Special
- CTE
- France Elevateur
- Socage
- Platform Basket
- Teupen
- Oil&Steel
- Hinowa
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS
- Aerial Work Platform (Truck-mounted) Market
- Self-Propelled Aerial Work Platform Market
- The aerial work platform rental market size was valued
at D41.4 billion in 2020, and is estimated to reach D69.0 billion
by 2030, growing at a CAGR of 5.1% from 2021 to 2030.
- Aerial Lifts Platforms Market
- Electric and Hybrid Aerial Work Platform Market
- Explosion-proof Aerial Work Platform Market
- The global Scissor Aerial Work Platforms market is
projected to reach USD 915.7 million
in 2029, increasing from USD 635.9
million in 2022, with the CAGR of 4.3% during the period of
2023 to 2029.
- Insulated Aerial Work Platform Market
- The global Scissor Type Aerial Work Platform market is
projected to reach USD 3283 million
in 2029, increasing from USD 2210.2
million in 2022, with the CAGR of 5.9% during the period of
2023 to 2029.
- Electric Scissor Aerial Work Platform Market
- Aerial Lift Equipment Rental Market
- Aerial Work Construction Machinery Market
- Boom Lifts Market
- The global Platform Lifts market was valued at
USD 856 million in 2023 and is
anticipated to reach USD 1223.1
million by 2030, witnessing a CAGR of 5.7% during the
forecast period 2024-2030.
- The global Electric Powerd Boom Type Mobile Elevating
Work Platform market was valued at USD 3721
million in 2023 and is anticipated to reach USD 8491 million by 2030, witnessing a CAGR of
12.2% during the forecast period 2024-2030.
- Straight Arm Aerial Work Platform Market
- Folding Arm Truck Mounted Aerial Work Platform
Market
- The global Mast Climbing Work Platforms (MCWPs) market
is projected to reach USD 3376.2
million in 2029, increasing from USD
2395 million in 2022, with the CAGR of 5.1% during the
period of 2023 to 2029.
- Railway Aerial Work Platform Market
- Spider Aerial Work Platform Market
- Articulating Boom Aerial Work Platform Market
- Vertical Mast Aerial Work Platform Market
- Non-Insulated Aerial Work Platform Market
- Aerial Work Platform Batteries Market
- Aerial Work Platform Joystick Market
- The global Electric Powerd Telescopic Boom Mobile
Elevating Work Platform (MEVP) market was valued at USD 2442 million in 2023 and is anticipated to
reach USD 6520.4 million by 2030,
witnessing a CAGR of 14.1% during the forecast period
2024-2030.
- Aerial Work Construction Machinery Market
- Bucket Truck Market
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