Aerial work platforms market share by applications and regions for 2019- 2025

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Aerial work platforms industry analysis research
and trends report for 2019- 2025
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Rights Reserved
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• Global Market Scenario of Construction Industry

• The Aerial work platforms market is witnessing
  high popularity due to the integration of
  advanced technical features, such as CAN bus,
  sensors, and telematics, as these technologies
  offer better safety parameters over the
  conventional platforms. By integration of CAN bus
  technology, machines leverage a combination of
  various controllers and sensors, offering new
  operational features for the workers.
• The load-sensing technologies deployed in the
  newly developed MEWPs disable functioning in case
  of excessive weight, further providing more
  safety to the platform operators.
• Moreover, the Aerial work platforms market is
  experiencing the emergence of self-propelled
  access platforms that provide increased
  flexibility, stability, and security to the
  users. Easy transportation operation of the
  self-propelled machinery is supporting the rising
  utilization in various application sectors
  including energy and oil gas for maintenance
  purposes.

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Continue-

• Aerial Work Platform (AWP) Market size is set to
  exceed USD 16 billion by 2025 according to a new
  research report by Global Market Insights, Inc.
  The global shipments are expected to grow at a
  CAGR of over 8.5 from 2019 to 2025.
• Personal portable lifts are gaining popularity
  among in-house maintenance temporary
  construction applications for performing
  low-height operations. Due to technical
  advancements in machinery sectors, the low-level
  access platforms are being replaced by
  conventional ladders scaffolding to achieve
  high safety levels. Several companies operating
  in the Aerial work platforms market are
  developing new personal portable lifts offered as
  safe alternatives to the conventional ladders.
  For instance, in March 2017, JLG Industries, Inc.
  announced the launch of its low-level access
  solutions, LiftPod and EcoLift series.
• The engine-powered platforms are anticipated to
  grow at 8 CAGR from 2019 to 2025 attributed to
  the increasing utilization in the major
  application industries including construction,
  mining, and government. The Aerial work platforms
  market customers operating in major regions
  including North America and Europe have utilized
  these machines due to high investment
  capabilities and the need to provide safe working
  conditions to the labors.

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• Regional Analysis

• The North America Aerial work platforms market is
  expected to reach over USD 6 billion by 2025
  attributed to several building maintenance
  construction activities across the commercial
  residential sector. The demand is also increasing
  due to the presence of technically-aware and
  economically-stable population, supporting the
  deployment of costly MEWPs. Also, high government
  support for utilizing newly manufactured products
  with safety parameters and reduction of upcoming
  worker accidents is driving high consumption of
  new products in the industry.

• Competitive Analysis

• The key players operating in the Aerial work
  platforms market are Niftylift, JLG Industries,
  Inc., Snorkel, Haulotte, Terex Corporation, Aichi
  Corporation Skyjack, Tadano, Manitou, Altec,
  Holland Lift, and Sinoboom. The companies are
  investing in RD activities to develop
  differentiated eco-friendly machinery compared
  to their competitors.

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