Aerial Work Platform Truck Market to hit at USD 11 billion by 2024

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Transport logistics will account for more than
20 of the Aerial Work Platform Truck market
share by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Key Insights from of AWP Market

• Europe AWP truck market size is expected to
  exceed USD 2 billion by 2024 owing to stringent
  regulations pertaining to safety norms. Economic
  growth, increase in urbanization, developing
  telecommunication networks, rising investments in
  infrastructure investment, and adoption of
  sophisticated and efficient construction
  equipment will drive industry demand over the
  forecast timeline.
• Increasing material handling demand, especially
  in manufacturing units and other facilities will
  fuel the aerial work platform truck market size.
  Growing construction and installations of solar,
  wind and other energy projects will further
  contribute to revenue growth in the coming years.
• Growing technological developments in hydraulic
  or electric platforms to address emission
  standards on account of considerable
  environmental considerations will positively
  impact the industry growth.

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Application Analysis of AWP Market

• Transport logistics will account for more than
  20 of the aerial work platform truck market
  share by 2024. This can be credited to rising
  infrastructure construction and procurement of
  bulk maintenance projects.
• Government sector is expected to grow at over
  17.5 over the next few years. Growth of military
  and government in utility business and service
  industry along with adoption of rental equipment
  will support industry demand over the forecast
  timeframe.
• Features such as easy lifting smart
  transportability, comfort agility, easy
  platform access, high-precision driving and
  onboard diagnostics will boost the vertical mast
  lift market demand over the forecast timeframe.
  Middle East and Africa will witness demand
  upsurge owing to changing regulatory scenario and
  rising government investments for infrastructure
  developments

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