What is the Size (Volume and Value) of Aerial Work Platform Market in 2028?

 Aerial Work Platform Industry Overview

The global aerial work platform market size was valued at USD 15.64 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2020 to 2028.

Increasing government investments in constructing residential buildings, commercial complexes, public transport infrastructure, and others are expected to propel the demand for aerial work platform (AWP) over the forecast period. The demand for AWP witnessed a serious disruption owing to the unprecedented effect from the global pandemic in the majority of its end-use industries, such as construction and transportation & logistics. The aforementioned industries have witnessed several obstacles, such as contract cancellation, project delay, supply-chain disruption, closure of various construction sites due to imposed lockdown across the globe to break the transmission chain of the virus.

Gather more insights about the market drivers, restrains and growth of the Global Aerial Work Platform market

The outbreak of the COVID-19 in 2020 had resulted in a temporary closure of many construction sites, and other industrial facilities, in the U.S. to break the transmission of the virus among workers. However, the government invested heavily in the construction of various modular hospitals and other medical facilities, for improvement and expansion of the healthcare system in the country, thus leading to increased demand for AWPs.

Aerial work platform, also known as Elevating Work Platform (EWP), aerial device, or Mobile Elevating Work Platform (MEWP), provides access to people, equipment, or people with equipment to reach inaccessible areas, especially at remote heights. They are primarily used to access areas of construction and maintenance work in various end-use industries for applications, such as the placement of products and goods and their storage in warehouse units.

Fully automated warehouses are gaining popularity in various developed countries. These warehouses require the deployment of a large number of single scissor lifts, double scissor lifts, and other lifting tables for product and pellets placement. Massive funding and investment in the construction of warehouse buildings by various e-commerce and logistics companies across the globe are expected to significantly contribute to the overall market growth.

Rising development in urban and rural infrastructure across the globe, coupled with initiatives by various governments to provide technological facilities including electrical utilities and telecommunication, is expected to complement market growth over the forecast period.

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Aerial Work Platform Market Segmentation

Grand View Research has segmented the global aerial work platform market on the basis of engine type, product type, end use, and region

  • AWP Engine Type Outlook (Volume, Units; Revenue, USD Billion, 2017 - 2028)
    • Electric
    • Engine-powered
  • AWP Product Type Outlook (Volume, Units; Revenue, USD Billion, 2017 - 2028)
    • Scissor Lifts
    • Boom Lifts
    • Vehicle-mounted Platforms
    • Others
  • AWP End-use Outlook (Volume, Units; Revenue, USD Billion, 2017 - 2028)
    • Rental
    • Construction & Mining
    • Transportation &Logistics
    • Others
  • AWP Regional Outlook (Volume, Units; Revenue, USD Billion, 2017 - 2028)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa

Key Companies profiled:

Some prominent players in the global Aerial Work Platform market include

  • Terex Corp.
  • MEC
  • JLG Industries
  • Galmon (Singapore)
  • Aichi Corp.
  • EdmoLift AB
  • Wiese USA
  • Linamar Corp.
  • Advance Lifts, Inc.
  • Haulotte Group

Order a free sample PDF of the Aerial Work Platform Market Intelligence Study, published by Grand View Research.

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