Aerial Work Platforms Market Size, Share, Analysis & Forecast, 2020-2027 | Key factors, constraints and opportunities
The compact and versatile use of AWP increases its demand from the construction industry.
PORTLAND, OR, UNITED STATES, Dec. 9, 2021 /EINPresswire.com/ – Aerial Work Platforms (AWP) are personnel lifting devices used in industries such as construction, retail, warehousing, utilities and others. Elevating work platforms are also known as mobile elevating work platforms, aerial work platforms, aerial work platforms, aerial work platforms and the like, and are available in various types such as aerial work platforms, articulated and telescopic aerial work platforms, vehicle-mounted platforms and the like. In addition, aerial work platforms make working at height easier, reducing the risk of accidents caused by older equipment such as scaffolding and the like.
The global aerial work platform market size is expected to reach $ 14.3 billion in 2027, up from $ 9.3 billion in 2019, with a CAGR of 7.7% from 2020 to 2027. In 2019, North America led the market, in terms of revenue, accounting for 44.0. % share of the global aerial work platform market.
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In addition, North America is the largest contributor to the aerial work platform market. The United States has the highest share in the region with around 83.0% of the North American market. This is mainly due to the early introduction of aerial work platforms in the region and the high demand for AWP in common construction and maintenance practices. In addition, the rapid development of AWP products in terms of emission control and all-electric operation has helped AWP gain popularity in the European market.
Covid-19 impact assessment
The COVID-19 pandemic has negatively affected the aerial work platform market mainly due to the shutdown of international trade, prolonged lockdowns and the shutdown of manufacturing processes. The reduction in demand of the construction and logistics industry in 2020 due to disrupted supply chains is expected to slow the growth of the market.
Key market players
Aichi Corporation, Altec Inc.
JC Bamford Excavators Limited
Niftylift (UK) Limited
Oshkosh Corporation (JLG Industries, Inc.)
Skyjack (Linamar Corp.)
Terex Corporation (Engineering)
Zhejiang Dingli Machinery Co., Ltd.
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Key market segments
By lifting height
Less than 20 feet
20 to 50 feet
50 to 70 feet
Above 70 feet
By end user industry
Logistics and transport
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