Global Aerial Work Platform Truck Market share to hit $11bn by 2024

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Global Aerial Work Platform (AWP) Truck Market to
touch 11bn by 2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Aerial Work Platform (AWP) Truck
Market

• Global Aerial Work Platform (AWP) Truck Market
  size was more than 2.5 billion for 2015 and is
  predicted to register CAGR of 18.6 during
  forecast timeframe. Global industry is predicted
  to witness large scale expansion due to
  increasing amount of construction activities
  taking place all across the globe. Further,
  rising expenditure on public infrastructure in
  countries like Indonesia, Brazil, China and India
  are expected to contribute to the industry
  growth.
• Rising private investment along with renovation
  activities in regions of Europe and North America
  are predicted to positively affect global aerial
  work platform (AWP)truck industry size during
  forecast period. In addition to this, growing
  maintenance and deployment activities of
  transformers, street lights and power cables, can
  enhance industry demand substantially.

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Continued

• Increasing use of these machines in construction
  and mining sectors due to risk at work, height
  and structural design complexity is projected to
  play main part in aerial work platform (AWP)
  truck market expansion.Increasing use for
  maintenance repairs of high tension power
  lines, disaster management functions and military
  segment are predicted to propel machine demand.
  Also, event management is also projected to
  evolve as a profitable application field for the
  global industry. Inclusion of security features,
  ease of use and maneuverability are few of the
  key aspects predicted to drive industry demand
  during forecast timeline.
• However, lack of consciousness about technology
  among workers can inhibit revenue growth. Also
  unavailability of authorized particular personnel
  to run aerial work lifts is predicted to impede
  global aerial work platform (AWP) truck industry
  expansion. Further, security concerns associated
  with lift device can be a threat to industry
  growth.

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China Aerial Work Platform Truck Market size, by
product, 2013-2024 (USD Million)

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Browse Full Market Research Report Aerial Work
Platform (AWP) Truck Market _at_ https//goo.gl/ul9Bl
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Continued.

• Product Insights
• Global industry is segmented into products like
  personal portable lifts, boom lifts, vertical
  mast lifts and scissor lifts. Booms lifts segment
  contributed more than 35.1 to the total industry
  share for 2015. It is predicted to continue its
  domination during forecast timeframe. Increasing
  use of vehicles to get entry in blocked areas is
  projected to fuel product demand. Scissor lifts
  segment is predicted to display significant
  growth prospective due to growing acceptance for
  application needing direct overhead access of
  greater height.
• Application Insights
• Global aerial work platform (AWP) truck industry
  is segmented into applications like logistics
  transport, construction, government and
  telecommunications. Logistics and transport
  application segment is predicted to experience
  substantial expansion and heavy industry
  penetration. It was evaluated at more than 551
  million for 2015. Rising demand for material
  handling in factories and production units is
  projected to contribute favorably towards segment
  growth.

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Continued.

• Construction segment contributed greater than
  34.1 of total aerial work platform(AWP)market
  share for 2015 and projected to be evaluated more
  than 4.1 billion by end of forecast timeline.
• Regional Insights
• Global aerial work platform (AWP) truck market is
  segmented into geographical regions like Latin
  America, APAC, MEA, Europe and North America.
• APAC aerial work platform(AWP)truck market share
  is projected to register CAGR of about 18.8
  during forecast period. Factors like rise in
  amount of mobile users and increasing requirement
  for good telecommunication infrastructure is
  predicted to boost regional industry demand. U.S.
  aerial work platform (AWP) truck industry size is
  anticipated to be driven by growing capital
  investments along with renovation activities.

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Continued.

• Competitive Insights
• Key industry participants profiled in the report
  include Ruthmann, HUSCO International,
  Bonfiglioli Riduttori, Shen Yang North Traffic
  Heavy Industry Group, Galipoglu Hidromas,
  Ognibene Power, GEREP Maschinenbau GmbH, Tadano
  Limited, Terex Corporation, Bosch Rexroth, Altec
  Corporation, Time Benelux, Suomen Vaimennin Oy,
  Mediterr Shock Absorbers S.p.A, Hydraforce
  Incorporation, Haulotte, Hunan Runshare, Bronto
  Skylift, Aichi Corporation, CTE, Gabriel India
  Limited and Teupen.

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