July 16, 2021
According to the business intelligence report titled ‘Global Aerial Working Platform (AWP) Market – Analysis By Product Type (Boom Lifts, Scissor Lifts, Vertical Mast Lifts, Others), End-User, By Region, By Country (2020 Edition): Market Insight, Competition Forecast (2020-2025)’, available with Market Study Report LLC, global aerial working platform (AWP) market was valued at USD 20.15 billion in 2019 and is anticipated to record considerable growth between 2020-2025.
Surging demand from building & infrastructure sector, growing government expenditure in construction activities, and rising worker safety concerns are key growth stimulants of global aerial working platform (AWP) market.
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Strategic moves undertaken by leading players such as collaborations, mergers & acquisitions, and launch of new products will aid industry expansion over the analysis timeframe.
Based on product gamut, global aerial working platform industry sphere is divided into boom lifts, vertical mast lifts, scissor lifts, and others. Among these, scissor lifts segment held majority of the industry share in the past year owing to its operational benefits and growing demand in installation & maintenance applications.
Speaking of end user spectrum, the industry is bifurcated into government projects, construction & mining, transport & logistics, telecommunication, and others. Among these, the construction & mining segment secured a significant portion of the market share in the recent past due to maintenance work in emerging countries like India, Brazil, and China, and increasing construction of residential & commercial buildings.
From regional frame of reference, North America held majority of worldwide aerial working platform (AWP) market share in the past year and is anticipated to record rapid expansion between 2020-2025. Surging product demand as a result of ongoing maintenance & repair work of existing residential & commercial establishments is a key factor facilitating this growth.
Key players operating in global aerial working platform industry are Dinolift Oy, Terex Corporation, Haulotte Group, Oshkosh Corporation, Niftylift Ltd., Linamar Corporation, Tadano Limited, Aichi Corporation, Zoomlion Heavy Industry Science & Technology Co. Ltd., and Zhejiang Dingli Machinery Co. Ltd.