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Aerial Work Platform Market
An aerial work platform is a mechanical device designed to provide access for equipment or people to a variety of applications at height. There are mainly two types of aerial work platforms: scissor lift and boom lift. Aerial work platforms are cost-effective and easy to use, making them the first choice ina wide range of applications such as construction, industrial and manufacturing, maintenance and repairs, etc. The global aerial work platform market is growing at an exponential rate due to the increasing demand for aerial work platforms from the construction industry. As a result, manufacturers in the aerial work platform market are focusing on product innovation(developing technologically advanced devices) in order to cater to the growing demand for aerial work platforms. Increasing demand for flexible equipment would also give rise to the need for automation so as to manage efficient operations at prescribed times. Increasing safety standards and the growing adoption of aerial work platforms due to improving infrastructure are some of the key factors that are boosting the growth of the aerial work platform market. Transparency Market Research analyzes the global aerial work platform market in terms of value in US$ Mn and volume sales in terms of units.
The global aerial work platform market is expected to reach around US$ 8,695 Mn by 2026. The North America aerial work platform market garnered the highest market share, accounting for US$ 2,253 Mn in 2016. The market dynamics of the global aerial work platform are subject to factors mainly related to the increasing aerial work platform consumption worldwide resulting in an increasing number of aerial work platform manufacturers. North America and Europe dominate the aerial work platform market. Additionally, increasing safety standards worldwide has led to the growth of the aerial work platform market. After the restructuring of the aerial work platforms market in late 2001, greater attention was paid to safety regulations to move away from risky rope access and other conventional methods, such as scaffolding. In saturated markets such as North America and Western Europe, technologically advanced equipment are mostly preferred for any job.
Thus, OSHA and other associations have developed several standards, which are promoting the growth of the aerial work platforms market. Moreover, with a rise in infrastructural projects and economic development in Asia Pacific, Middle East & Africa, and South America, access equipment such as scissor lifts are gaining more acceptance. With growing acceptance and maturity of the aerial work platforms market, safety features start playing a vital role in various industries such as construction, manufacturing, etc. As there are only a limited number of manufacturers in these regions, established players are enhancing their sales network in the regions to further augment the growth of the aerial work platforms market
One of the major challenges affecting the growth of the aerial work platform market is its high pricing. Market introduction of scissor lifts is facing three primary challenges impeding its penetration – consumer awareness & understanding, pricing, and safety concerns. Lack of awareness could hamper the market of aerial work platforms. Further, scissor lifts with more features cost comparatively higher than conventional towers and ladders. Additionally, the lack of technological advancements in countries of the Middle East & Africa will decelerate the growth of scissor lifts in the region. All these factors are expected to be restraints for the growth of the aerial work platform market.
However, the growing adoption of aerial work platforms due to improving infrastructure is anticipated to create a good growth opportunity for aerial work platform manufacturers. The companies are poised to develop strong relationships with rental companies. Consequently, rental companies will witness lucrative opportunities in the aerial work platform market in the near future
Some of the key players profiled in the global aerial work platform market are Aichi Corporation, Altec Inc., Bronto Skylift, Diversified Technologies., Haulotte Group, JLG Industries, MEC Aerial Work Platforms, Oshkosh Corporation, Palfinger AG, Skyjack (Linamar Corporation), Tadano Ltd., and Terex Corporation.
Aerial Work Platforms Market
In the next few years, fast infrastructural development, augmented private investment in real estate, and rising government spending on the private sector in the Asia Pacific region expected to propel expansion of the global aerial work platforms market in near future. Growing demand for utility infrastructure is projected to grow dramatically in rapidly developing nations like South Korea, China, Japan, and India as 5G technology becomes more widely available. In addition to that, rising demand for access equipment leasing and rentals, as well as expanded retail space in India, Chile, China, Peru, the UAE and Brazil is expected to boost demand in the global aerial work platforms market in the near future.
The construction sector in the US is expected to develop slowly in the next few years as the economy in the US weakens. Nevertheless, the overall deterioration of infrastructure in developed parts of the world coupled with the expansion of the e-commerce sector is expected to boost the global aerial work platforms market in the future years. The effect of the new coronavirus has caused a huge number of building projects to be postponed or cancelled by the governments and corporations who commissioned them. Furthermore, equipment and material supply chain constraints, particularly raw materials like steel from Asia Pacific, are likely to limit market expansion.
The aerial work platform market is segmented as below.
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1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global AWP Market
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Key Trends Analysis
4.4. Key Market Indicators
4.5. Industry SWOT Analysis
4.6. Global AWP Market Analysis and Forecast, 2016 - 2026
4.6.1. Market Volume Projections (Units), 2016-2026
4.6.2. Market Value Projections (US$ Mn), 2016-2026
4.7. Porter’s Five Forces Analysis
4.8. Value Chain Analysis
4.9. Market Outlook
5. Global AWP Market Analysis and Forecast, by Product
5.1. Definitions & Overview
5.2. AWP Market Size (Units and US$ Mn) Forecast, by Product, 2016 - 2026
5.2.1. Scissor Lifts
5.2.2. Boom Lifts
5.2.2.1. Articulated Boom Lifts
5.2.2.2. Telescopic Boom Lifts
5.2.3. Others
5.3. Incremental Opportunity Analysis, by Product
6. Global AWP Market Analysis and Forecast, by Structure
6.1. Definitions & Overview
6.2. AWP Market Size (Units and US$ Mn) Forecast, by Structure, 2016 - 2026
6.2.1. Standard AWP
6.2.2. Insulated AWP
6.3. Incremental Opportunity Analysis, by Structure
7. Global AWP Market Analysis and Forecast, by End-Use
7.1. Definitions & Overview
7.2. AWP Market Size (Units and US$ Mn) Forecast, by End-Use, 2016 - 2026
7.2.1. Construction
7.2.1.1. Commercial
7.2.1.2. Residential
7.2.2. Industrial & Manufacturing
7.2.3. Maintenance & Repairs
7.2.4. Others
7.3. Incremental Opportunity Analysis, by End-Use
8. Global AWP Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. AWP Market Size (Units and US$ Mn) Forecast, by Region, 2016 - 2026
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East & Africa
8.2.5. South America
8.3. Incremental Opportunity Analysis, by Region
9. North America AWP Market Analysis and Forecast
9.1. Key Findings
9.2. Key Trends
9.2.1. Construction Industry Outlook
9.2.2. Manufacturing Industry Outlook
9.2.3. Rental Industry Outlook
9.3. Price Trend Analysis
9.4. AWP Market Size (Units and US$ Mn) Forecast, by Product, 2016 - 2026
9.4.1. Scissor Lifts
9.4.2. Boom Lifts
9.4.2.1. Articulated Boom Lifts
9.4.2.2. Telescopic Boom Lifts
9.4.3. Others
9.5. AWP Market Size (Units and US$ Mn) Forecast, by Structure, 2016 - 2026
9.5.1. Standard AWP
9.5.2. Insulated AWP
9.6. AWP Market Size (Units and US$ Mn) Forecast, by End-use, 2016 - 2026
9.6.1. Construction
9.6.1.1. Commercial
9.6.1.2. Residential
9.6.2. Industrial & Manufacturing
9.6.3. Maintenance & Repairs
9.6.4. Others
9.7. AWP Market Size (Units and US$ Mn) Forecast, by Country & Sub-region, 2016 - 2026
9.7.1. The U.S.
9.7.2. Canada
9.7.3. Rest of North America
9.8. Incremental Opportunity Analysis
10. Europe AWP Market Analysis and Forecast
10.1. Key Findings
10.2. Key Trends
10.2.1. Construction Industry Outlook
10.2.2. Manufacturing Industry Outlook
10.2.3. Rental Industry Outlook
10.3. Price Trend Analysis
10.4. AWP Market Size (Units and US$ Mn) Forecast, by Product, 2016 - 2026
10.4.1. Scissor Lifts
10.4.2. Boom Lifts
10.4.2.1.Articulated Boom Lifts
10.4.2.2.Telescopic Boom Lifts
10.4.3. Others
10.5. AWP Market Size (Units and US$ Mn) Forecast, by Structure, 2016 - 2026
10.5.1. Standard AWP
10.5.2. Insulated AWP
10.6. AWP Market Size (Units and US$ Mn) Forecast, by End-use, 2016 - 2026
10.6.1. Construction
10.6.1.1.Commercial
10.6.1.2.Residential
10.6.2. Industrial & Manufacturing
10.6.3. Maintenance & Repairs
10.6.4. Others
10.7. AWP Market Size (Units and US$ Mn) Forecast, by Country & Sub-region, 2016 - 2026
10.7.1. Germany
10.7.2. UK
10.7.3. France
10.7.4. Rest of Europe
10.8. Incremental Opportunity Analysis
11. Asia Pacific AWP Market Analysis and Forecast
11.1. Key Findings
11.2. Key Trends
11.2.1. Construction Industry Outlook
11.2.2. Manufacturing Industry Outlook
11.2.3. Rental Industry Outlook
11.3. Price Trend Analysis
11.4. AWP Market Size (Units and US$ Mn) Forecast, by Product, 2016 - 2026
11.4.1. Scissor Lifts
11.4.2. Boom Lifts
11.4.2.1.Articulated Boom Lifts
11.4.2.2.Telescopic Boom Lifts
11.4.3. Others
11.5. AWP Market Size (Units and US$ Mn) Forecast, by Structure, 2016 - 2026
11.5.1. Standard AWP
11.5.2. Insulated AWP
11.6. AWP Market Size (Units and US$ Mn) Forecast, by End-use, 2016 - 2026
11.6.1. Construction
11.6.1.1.Commercial
11.6.1.2.Residential
11.6.2. Industrial & Manufacturing
11.6.3. Maintenance & Repairs
11.6.4. Others
11.7. AWP Market Size (Units and US$ Mn) Forecast, by Country& Sub-region, 2016 - 2026
11.7.1. China
11.7.2. India
11.7.3. Japan
11.7.4. Rest of Asia Pacific
11.8. Incremental Opportunity Analysis
12. Japan AWP Market Analysis and Forecast
12.1. Key Findings
12.2. Key Trends
12.2.1. Construction Industry Outlook
12.2.2. Manufacturing Industry Outlook
12.2.3. Rental Industry Outlook
12.3. Price Trend Analysis
12.4. AWP Market Size (Units and US$ Mn) Forecast, by Product, 2016 - 2026
12.4.1. Scissor Lifts
12.4.2. Boom Lifts
12.4.2.1.Articulated Boom Lifts
12.4.2.2.Telescopic Boom Lifts
12.4.3. Others
12.5. AWP Market Size (Units and US$ Mn) Forecast, by Structure, 2016 - 2026
12.5.1. Standard AWP
12.5.2. Insulated AWP
12.6. AWP Market Size (Units and US$ Mn) Forecast, by End-use, 2016 - 2026
12.6.1. Construction
12.6.1.1.Commercial
12.6.1.2.Residential
12.6.2. Industrial & Manufacturing
12.6.3. Maintenance & Repairs
12.6.4. Others
12.7. Incremental Opportunity Analysis
13. Middle East & Africa AWP Market Analysis and Forecast
13.1. Key Findings
13.2. Key Trends
13.2.1. Construction Industry Outlook
13.2.2. Manufacturing Industry Outlook
13.2.3. Rental Industry Outlook
13.3. Price Trend Analysis
13.4. AWP Market Size (Units and US$ Mn) Forecast, by Product, 2016 - 2026
13.4.1. Scissor Lifts
13.4.2. Boom Lifts
13.4.2.1.Articulated Boom Lifts
13.4.2.2.Telescopic Boom Lifts
13.4.3. Others
13.5. AWP Market Size (Units and US$ Mn) Forecast, by Structure, 2016 - 2026
13.5.1. Standard AWP
13.5.2. Insulated AWP
13.6. AWP Market Size (Units and US$ Mn) Forecast, by End-use, 2016 - 2026
13.6.1. Construction
13.6.1.1.Commercial
13.6.1.2.Residential
13.6.2. Industrial & Manufacturing
13.6.3. Maintenance & Repairs
13.6.4. Others
13.7. AWP Market Size (Units and US$ Mn) Forecast, by Country & Sub-region, 2016 - 2026
13.7.1. GCC
13.7.2. South Africa
13.7.3. Rest of MEA
13.8. Incremental Opportunity Analysis
14. South America AWP Market Analysis and Forecast
14.1. Key Findings
14.2. Key Trends
14.2.1. Construction Industry Outlook
14.2.2. Manufacturing Industry Outlook
14.2.3. Rental Industry Outlook
14.3. Price Trend Analysis
14.4. AWP Market Size (Units and US$ Mn) Forecast, by Product, 2016 - 2026
14.4.1. Scissor Lifts
14.4.2. Boom Lifts
14.4.2.1.Articulated Boom Lifts
14.4.2.2.Telescopic Boom Lifts
14.4.3. Others
14.5. AWP Market Size (Units and US$ Mn) Forecast, by Structure, 2016 - 2026
14.5.1. Standard AWP
14.5.2. Insulated AWP
14.6. AWP Market Size (Units and US$ Mn) Forecast, by End-use, 2016 - 2026
14.6.1. Construction
14.6.1.1.Commercial
14.6.1.2.Residential
14.6.2. Industrial & Manufacturing
14.6.3. Maintenance & Repairs
14.6.4. Others
14.7. AWP Market Size (Units and US$ Mn) Forecast, by Country & Sub-region, 2016 - 2026
14.7.1. Brazil
14.7.2. Rest of South America
14.8. Incremental Opportunity Analysis
15. Competition Landscape
15.1. Market Player – Competition Matrix
15.2. Market Revenue Share Analysis (%), by Company, 2017
15.2.1. Global
15.2.2. Japan
16. Company Profiles
[Overview, Product Portfolio, Financial Information (Subject to Data Availability), Business Strategies]
16.1.1. Aichi Corporation
16.1.2. Altec Inc.
16.1.3. Bronto Skylift
16.1.4. Diversified Technologies
16.1.5. Haulotte Group
16.1.6. JLG Industries
16.1.7. MEC Aerial Work Platforms
16.1.8. Oshkosh Corporation
16.1.9. Palfinger AG
16.1.10. Skyjack (Linamar Corporation)
16.1.11. Tadano Ltd.
16.1.12. Terex Corporation
17. Key Takeaways
List of Figures
Figure 1: Global Aerial Work Platform Market, by Product,Units,2016-2026
Figure 2: Global Aerial Work Platform Market, by Product, US$ Mn 2016-2026
Figure 3: Global Aerial Work Platform Market, by Product, Incremental Opportunity 2017
Figure 4: Global Aerial Work Platform Market, by End-user, US$ Mn 2016-2026
Figure 5: Global Aerial Work Platform Market, by End-user, Incremental Opportunity 2016-2026
Figure 6: Global Aerial Work Platform Market, by End-user, US$ Mn 2017
Figure 7: Global Aerial Work Platform Market, by Structure, Incremental Opportunity 2016-2026
Figure 8: Global Aerial Work Platform Market, by Structure, Units,2016-2026
Figure 9: Global Aerial Work Platform Market, by Structure, US$ Mn 2017
Figure 10: Global Aerial Work Platform Market, by Region, US$ Mn 2016-2026
Figure 11: Global Aerial Work Platform Market, by Region, Incremental Opportunity 2016-2026
Figure 12: Global Aerial Work Platform Market, by Region, US$ Mn 2017
Figure 13: North America Aerial Work Platform Market, by Product, Incremental Opportunity 2016-2026
Figure 14: North America Aerial Work Platform Market, by Product,Units,2016-2026
Figure 15: North America Aerial Work Platform Market, by Product, US$ Mn 2017
Figure 16: North America Aerial Work Platform Market, by End-user, US$ Mn 2016-2026
Figure 17: North America Aerial Work Platform Market, by End-user, Incremental Opportunity 2016-2026
Figure 18: North America Aerial Work Platform Market, by End-user, US$ Mn 2017
Figure 19: North America Aerial Work Platform Market, by Structure, Incremental Opportunity 2016-2026
Figure 20: North America Aerial Work Platform Market, by Structure, Units,2016-2026
Figure 21: North America Aerial Work Platform Market, by Structure, US$ Mn 2017
Figure 22: North America Aerial Work Platform Market, by Country, Incremental Opportunity 2016-2026
Figure 23: North America Aerial Work Platform Market, by Country, Units,2016-2026
Figure 24: North America Aerial Work Platform Market, by Country, US$ Mn 2017
Figure 25: Europe Aerial Work Platform Market, by Product, Incremental Opportunity 2016-2026
Figure 26: Europe Aerial Work Platform Market, by Product,Units,2016-2026
Figure 27: Europe Aerial Work Platform Market, by Product, US$ Mn 2017
Figure 28: Europe Aerial Work Platform Market, by End-user, US$ Mn 2016-2026
Figure 29: Europe Aerial Work Platform Market, by End-user, Incremental Opportunity 2016-2026
Figure 30: Europe Aerial Work Platform Market, by End-user, US$ Mn 2017
Figure 31: Europe Aerial Work Platform Market, by Structure, Incremental Opportunity 2016-2026
Figure 32: Europe Aerial Work Platform Market, by Structure, Units,2016-2026
Figure 33: Europe Aerial Work Platform Market, by Structure, US$ Mn 2017
Figure 34: Europe Aerial Work Platform Market, by Country, Incremental Opportunity 2016-2026
Figure 35: Europe Aerial Work Platform Market, by Country, Units,2016-2026
Figure 36: Europe Aerial Work Platform Market, by Country, US$ Mn 2017
Figure 37: Asia Pacific Aerial Work Platform Market, by Product, Incremental Opportunity 2016-2026
Figure 38: Asia Pacific Aerial Work Platform Market, by Product,Units,2016-2026
Figure 39: Asia Pacific Aerial Work Platform Market, by Product, US$ Mn 2017
Figure 40: Asia Pacific Aerial Work Platform Market, by End-user, Incremental Opportunity 2016-2026
Figure 41: Asia Pacific Aerial Work Platform Market, by End-user, Units,2016-2026
Figure 42: Asia Pacific Aerial Work Platform Market, by End-user, US$ Mn 2017
Figure 43: Asia Pacific Aerial Work Platform Market, by Structure, Incremental Opportunity 2016-2026
Figure 44: Asia Pacific Aerial Work Platform Market, by Structure, Units,2016-2026
Figure 45: Asia Pacific Aerial Work Platform Market, by Structure, US$ Mn 2017
Figure 46: Asia Pacific Aerial Work Platform Market, by Country, Incremental Opportunity 2016-2026
Figure 47: Asia Pacific Aerial Work Platform Market, by Country, Units,2016-2026
Figure 48: Asia Pacific Aerial Work Platform Market, by Country, US$ Mn 2017
Figure 49: Japan Aerial Work Platform Market, by Product, Incremental Opportunity 2016-2026
Figure 50: Japan Aerial Work Platform Market, by Product,Units,2016-2026
Figure 51: Japan Aerial Work Platform Market, by Product, US$ Mn 2017
Figure 52: Japan Aerial Work Platform Market, by End-user, Incremental Opportunity 2016-2026
Figure 53: Japan Aerial Work Platform Market, by End-user, Units,2016-2026
Figure 54: Japan Aerial Work Platform Market, by End-user, US$ Mn 2017
Figure 55: Japan Aerial Work Platform Market, by Structure, Incremental Opportunity 2016-2026
Figure 56: Japan Aerial Work Platform Market, by Structure, Units,2016-2026
Figure 57: Japan Aerial Work Platform Market, by Structure, US$ Mn 2017
Figure 58: Middle East& Africa Aerial Work Platform Market, by Product, Incremental Opportunity 2016-2026
Figure 59: Middle East& Africa Aerial Work Platform Market, by Product,Units,2016-2026
Figure 60: Middle East& Africa Aerial Work Platform Market, by Product, US$ Mn 2017
Figure 61: Middle East& Africa Aerial Work Platform Market, by End-user, Incremental Opportunity 2016-2026
Figure 62: Middle East& Africa Aerial Work Platform Market, by End-user, Units,2016-2026
Figure 63: Middle East& Africa Aerial Work Platform Market, by End-user, US$ Mn 2017
Figure 64: Middle East& Africa Aerial Work Platform Market, by Structure, Incremental Opportunity 2016-2026
Figure 65: Middle East& Africa Aerial Work Platform Market, by Structure, Units,2016-2026
Figure 66: Middle East& Africa Aerial Work Platform Market, by Structure, US$ Mn 2017
Figure 67: Middle East& Africa Aerial Work Platform Market, by Country, Incremental Opportunity 2016-2026
Figure 68: Middle East& Africa Aerial Work Platform Market, by Country, Units,2016-2026
Figure 69: Middle East& Africa Aerial Work Platform Market, by Country, US$ Mn 2017
Figure 70: South America Aerial Work Platform Market, by Product, Incremental Opportunity 2016-2026
Figure 71: South America Aerial Work Platform Market, by Product,Units,2016-2026
Figure 72: South America Aerial Work Platform Market, by Product, US$ Mn 2017
Figure 73: South America Aerial Work Platform Market, by End-user, US$ Mn 2016-2026
Figure 74: South America Aerial Work Platform Market, by End-user, Incremental Opportunity 2016-2026
Figure 75: South America Aerial Work Platform Market, by End-user, US$ Mn 2017
Figure 76: South America Aerial Work Platform Market, by Structure, Incremental Opportunity 2016-2026
Figure 77: South America Aerial Work Platform Market, by Structure, Units,2016-2026
Figure 78: South America Aerial Work Platform Market, by Structure, US$ Mn 2017
Figure 79: South America Aerial Work Platform Market, by Country, Incremental Opportunity 2016-2026
Figure 80: South America Aerial Work Platform Market, by Country,2016-2026
Figure 81: South America Aerial Work Platform Market, by Country,2017
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