Aerial Work Platform Market Insights
The global aerial work platform market will propel at a high CAGR over the coming years from 2020 to 2026. An aerial work platform is a mechanical system that allows temporary access to restricted locations at a height for individuals or machinery. This is generally used for construction and repair work or by fire-fighters. The increasing number of infrastructure and rising military fighter jets are driving market growth during the forecast period. The rising government investments and capitals coupled with and the growing demand for construction machinery drive the market growth. Moreover, the growing demand for aerial work platforms is rising significantly across basic infrastructure and manufacturing sectors. However, the lack of skilled laborers to operate the machines and stringent rules and regulations by the government are some of the factors restraining the market growth during the forecast period.
Aerial Work Platform Market: By Type
Based on the study of the type, the market is bifurcated into two segments namely; electric, and engine-powered. The largest share contributed in this market segment is the electric segment. The contractors will decrease the environmental effect by using electric equipment and promote environmental conservation programs implemented by government officials around the globe. These electric machines reduce the noise level, fuel consumption, and harmful carbon emission.
Aerial Work Platform Market: By Product
Based on the study of the product, the global aerial work platform market is fragmented into scissor lifts, boom lifts, personal portable lifts, and vertical mast lifts. The scissors lift segment is the largest share contributed to this market over the forecast period. This is due to the rising demand in installation and maintenance applications which fuel the demand for scissors lift over the coming years. Furthermore, the boom lifts will be the fastest-growing segment at a high CAGR in the market mainly due to increasing use in complicated architectural settings or restricted spaces with limited access.
Aerial Work Platform Market: By Platform
Based on the study of the platform, this market is segmented into three segments namely, below 10 meters, 10-20 meters, 20-25 meters, and above-25 meters. The below 10 meters segment is expected to grow at a high compound annual growth rate over the coming years. The height of the aerial work platforms can be tailored to the highest levels and can be easily positioned from one location to another relative to the challenging movement of the ladders. It is primarily used in maintenance operations & in-house construction.
Aerial Work Platform Market: By Application
Based on the study of the application, this market is segregated into construction & mining, utility, government, rental, and transportation & logistics. The construction & mining segment is projected to be the fastest-growing segment at a high CAGR from 2020-2026. This is due to the rising investments in private real estate and developments of infrastructure are some of the factors expected to propel the market growth. Moreover, the growing government investments in improving public transport infrastructure which includes railway stations, airports, and metro stations, among others support the adoption of construction machinery.
Aerial Work Platform Market: By Region
Based on the region, the global aerial work platform market is split into North America, Europe, Asia-Pacific, and the rest of the world. The largest revenue contributor in the market is the North American region during the forecast period. This is due to increasing renovation activities and different up-gradations are driving the market growth for the aerial work platform. The U.S. is heavily investing and rising expenditure in the development of infrastructure is expected to drive the market growth in the region. Furthermore, the Asia Pacific is witnessing to be the fastest-growing region at a high CAGR during the forecast period. This is due to the rising heavy investments in infrastructure & constructions are some of the significant factors propelling the market growth in the region.
Aerial Work Platform Market: Share & Competitor Analysis
The main key players operating in this market are Zoomlion Heavy Industry Science, Heavy Industry Company, Ltd., Aichi Corporation, Hunan Sinoboom Heavy Industry Co. Ltd., Holland Lift International B.V., Haulotte Group, Hunan Runshare JLG Industries, Manitou Group, Niftylift Limited, CTE, Dinolift OY, Skyjack, Snorkel, Teupen, Zhejiang Dingli Machinery Co, Ltd., Socage Srl, Tadano Limited, Genie, and Technology Co. Ltd., among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2019, Haulotte Group launched its key investment initiative to construct a build a new headquarters.
In April 2018, Aichi Corporation caters it high-lift aerial work platforms under the brand name SOCAGE in Japan.
Check the Press Release on Global Aerial Work Platform Market Report
Aerial Work Platform Market: By Type
- Introduction
- Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- Electric
- Electric: Aerial Work Platform Market, 2019-2026 (USD Million)
- Engine-Powered
- Engine-Powered: Aerial Work Platform Market, 2019-2026 (USD Million)
Aerial Work Platform Market: By Product
- Introduction
- Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- Boom Lifts
- Boom Lifts: Aerial Work Platform Market, 2019-2026 (USD Million)
- Scissor Lifts
- Scissor Lifts: Aerial Work Platform Market, 2019-2026 (USD Million)
- Vertical Mast Lifts
- Vertical Mast Lifts: Aerial Work Platform Market, 2019-2026 (USD Million)
- Personal Portable Lifts
- Personal Portable Lifts: Aerial Work Platform Market, 2019-2026 (USD Million)
Aerial Work Platform Market: By Platform
- Introduction
- Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- Below 10 meters
- Below 10 meters: Aerial Work Platform Market, 2019-2026 (USD Million)
- 10 - 20 meters
- 10 - 20 meters: Aerial Work Platform Market, 2019-2026 (USD Million)
- 20 - 25 meters
- 10 - 20 meters: Aerial Work Platform Market, 2019-2026 (USD Million)
- Above 25 meters
- Above 25 meters: Aerial Work Platform Market, 2019-2026 (USD Million)
Aerial Work Platform Market: By Application
- Introduction
- Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Construction & Mining
- Construction & Mining: Aerial Work Platform Market, 2019-2026 (USD Million)
- Transportation & Logistics
- Transportation & Logistics: Aerial Work Platform Market, 2019-2026 (USD Million)
- Rental
- Rental: Aerial Work Platform Market, 2019-2026 (USD Million)
- Utility
- Utility: Aerial Work Platform Market, 2019-2026 (USD Million)
- Transportation
- Transportation: Aerial Work Platform Market, 2019-2026 (USD Million)
Aerial Work Platform Market: By Region
- Introduction
- Global Aerial Work Platform Market, Regional Analysis, 2019-2026 (USD Million)
- North America
- North America Aerial Work Platform Market, Regional Analysis, 2019-2026 (USD Million)
- By Type
- North America Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- North America Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- North America Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- North America Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- By Country
- U.S
- By Type
- U.S Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- U.S Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- U.S Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- U.S Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Canada.
- By Type
- Canada Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Canada Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Canada Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Canada Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Mexico
- By Type
- Mexico Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Mexico Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Mexico Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Mexico Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Europe
- Europe Aerial Work Platform Market, Regional Analysis, 2019-2026 (USD Million)
- By Type
- Europe Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Europe Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Europe Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Europe Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- By Country
- Germany
- By Type
- Germany Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Germany Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Germany Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Germany Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- UK
- By Type
- UK Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- UK Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- UK Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- UK Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- France
- By Type
- France Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- France Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- France Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- France Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Italy
- By Type
- Italy Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Italy Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Italy Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Italy Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Rest Of Europe
- By Type
- Rest Of Europe Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Rest Of Europe Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Rest Of Europe Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Rest Of Europe Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Asia Pacific
- Asia Pacific Aerial Work Platform Market, Regional Analysis, 2019-2026 (USD Million)
- By Type
- Asia Pacific Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Asia Pacific Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Asia Pacific Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Asia Pacific Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- By Country
- China
- By Type
- China Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- China Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- China Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- China Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Japan
- By Type
- Japan Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Japan Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Japan Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Japan Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- India
- By Type
- India Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- India Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- India Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- India Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- South Korea
- By Type
- South Korea Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- South Korea Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- South Korea Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- South Korea Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Central & South America
- Central & South America Aerial Work Platform Market, Regional Analysis, 2019-2026 (USD Million)
- By Type
- Central & South America Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Central & South America Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Central & South America Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Central & South America Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- By Country
- Brazil
- By Type
- Brazil Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Brazil Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Brazil Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Brazil Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Aerial Work Platform Market, Regional Analysis, 2019-2026 (USD Million)
- By Type
- Middle East & Africa Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Middle East & Africa Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Middle East & Africa Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Middle East & Africa Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- By Country
- Saudi Arabia
- By Type
- Saudi Arabia Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- Saudi Arabia Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- Saudi Arabia Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- Saudi Arabia Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
- UAE
- By Type
- UAE Aerial Work Platform Market, By Type, 2019-2026 (USD Million)
- By Product
- UAE Aerial Work Platform Market, By Product, 2019-2026 (USD Million)
- By Platform
- UAE Aerial Work Platform Market, By Platform, 2019-2026 (USD Million)
- By Application
- UAE Aerial Work Platform Market, By Application, 2019-2026 (USD Million)
The Global Aerial Work Platform Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Global Aerial Work Platform Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.