Title: Aerial Work Platform Market Expected to Behold a CAGR of 4.0% through 2019-2029
1Aerial Work Platform Market
Report Id REP-GB-1797 Published On
August-2019 Category Industrial Automation and
Equipment
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4Aerial Work Platform Market Analysis
- Future Market Insights (FMI), in its latest
research study, investigates the aerial work
platform market and presents actionable insights
on its progress footsteps for the evaluation
timespan of 2019-2029. As per the research study,
the global aerial work platform market revenues
reached US 8.3 Bn in 2018, and are projected to
grow steadily at a CAGR of 4 during the
forecast period. - Consistent surge in maintenance practices of
infrastructural assets, including airports,
window washing and repairing, and an increasing
number of construction projects in metropolitan
economies in developing regions are setting huge
demand for AWPs in the landscape, suggests the
report. In addition, stringent safety and
environmental regulations will continue to avoid
upcoming worker casualties and check diesel
emissions, which is likely to encourage
innovation that can negotiate credit squeeze and
reverse the environmental impact of 21st century
aerial work platforms.
5Aerial Work Platform Market Analysis
- Construction Workforce Shifting to Boom Lifts for
Repair Works - FMIs report finds that boom lifts hold shares
worth more than half of the global aerial work
platform market value. Battery-driven boom lifts
offer high flexibility, enabling movement around
obstacles and access to compact areas, and the
tiers of the boom lifts do not leave any mark.
Electric boom lifts provide vertical elevation of
more than 100 feet, and facilitate vertical and
horizontal movements without disturbing the base
and offer a 180-degree operation to reach areas
behind the equipment. Furthermore, they are best
fit for jobs that require excessive movement and
can be coupled with other transporting vehicles,
finding favor with the end users. - On the flip side, scissor lifts facilitate only
unidirectional movement, i.e. upwards and the
base requires constant adjustment accordingly.
Some variants of scissor lifts, for instance,
rough terrain scissor lifts, do not have
non-marking tiers and offer a maximum of 60 feet
elevation. Furthermore, scissor lifts are
cost-intensive as they demand regular maintenance.
6Aerial Work Platform Market Analysis
- AWP Rental Service Providers Fetching More
Customers Despite Steady Growth Trail - Both, the industrial end users and AWPs rental
service providers are witnessing sluggish
progress, with the latter slightly declining over
the forecast timeframe, says FMI. Construction
and commercial sectors hold substantial shares on
account of rising building activities in
developing and under-developed countries as well
as manufacturing amusement sites for
entertainment purposes. Furthermore, the assets
in construction and commercial verticals demand
continuous and long-term maintenance, adding
further to the expenses. - Customers from low and middle income countries
(LMIC) are stumbling upon AWPs rental service
provider companies for temporary purposes, owing
to high initial investments and progressive
maintenance costs of aerial work platforms, for
instance, scissor lifts. These rental service
providers facilitate users with tailored aerial
work platforms sticking to the requirements of
the job sites, such as articulated boom lifts,
and rough terrain scissor lifts, among others..
7Aerial Work Platform Market Analysis
- Press Release Source https//www.prnewswire.com/n
ews-releases/aerial-work-platforms-market-is-expec
ted-to-grow-at-a-cagr-of--4-during-2019-to-2029--f
uture-market-insights-300907498.html - More from FMIs Industrial Automation Equipment
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8Aerial Work Platform Market Analysis
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9Aerial Work Platform Market Analysis
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