Aerial Work Platforms Market Regional Analysis and Forecast during 2020 – 2026

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Aerial Work Platforms Market Development Trends
and Growth Drivers Analysis by 2026

• The global aerial work platforms (AWP) market is
  set to observe massive growth over the
  forthcoming years owing to the rising need for
  aerial work platforms across the telecom
  industry. These platforms are extensively used
  for electrical line repair, transformer, and
  telephone wire maintenance activities.
  Additionally, apart from the telecom sector, the
  robustly expansion the construction industry is
  witnessing across the world is also likely to
  complement market growth by 2026.
• On that note, a research report by Global Market
  Insights Inc., estimates global aerial work
  platforms market size is likely to surpass 18
  billion through 2026.
• Considering the product segment, the rising need
  for vertical mast lifts throughout several
  industry avenues like public buildings, retail
  centers, and airports are proliferating their
  demand in the industry. Vertical mast lifts are
  typically used at these locations for maintenance
  works.

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• The vertical mast lifts are also witnessing a
  rising demand from other maintenance sectors for
  duct repair, shelving, as well as managing
  assembly lines, due to their compact size and
  high portability when compared to other AWP
  models.

• Meanwhile, growing usage of access platforms of
  height above 25m for industrial applications and
  outdoor construction is empowering the need for
  AWP products. AWPs with height more than 25
  meters are equipped with a flat telescopic boom
  to conduct heavy lifting operations in tough
  conditions.

• In addition, the growing prevalence of tight
  turning radius AWPs along with zero tail swing
  characteristic to have better maneuverability is
  generating new industry opportunities.
  Furthermore, key manufacturers like Aichi
  Corporation and Genie are providing aerial lift
  with more than 25 meters height empowered by
  electric and diesel engines, creating a
  sophisticated portfolio that can meet different
  customer requirements.

• Furthermore, the AWP industry is also being
  propelled by rising government initiatives to
  develop nuclear powerplants. Access platforms are
  also being used for indoor powerplant maintenance
  and installation activities that include
  pneumatic and electronic machines installed for
  power generation.

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• Regional Analysis

• On the regional front, the North America AWP
  industry is slated to expand exponentially over
  the coming years due to rising residential and
  commercial construction projects. Newer
  investments by government authorities in urban
  residential buildings are creating a positive
  outlook towards industry growth in the region.

• Competitive Analysis

• Some of the key players increasingly contributing
  to the global share of the AWP market are
  Zoomlion Heavy Industry Science and Technology
  Co. Ltd., Zhejiang Dingli, Aichi Corporation,
  Terex Corporation (Genie), Manitou Group, and JLG
  Industries among others.

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