Reports
Global Aerial Work Platform Market Size, Share, Growth: By Product Type: Boom Lifts, Scissors Lifts, Vertical Mast Lifts, Personal Portable Lifts, Others; By Platform Height: Below 10 Metres, 10 to 20 Metres, 20 to 25 Metres, Above 25 Metres; By Engine Type: Electric, Engine Powered; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Aerial Work Platform Market Outlook
The global aerial work platform market reached a value of about USD 13.34 billion in 2023. The market for aerial work platform is being driven by increasing public infrastructure development. The market is further expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
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Increasing Public Infrastructure Development is Driving the Aerial Work Platform Industry Growth
The AWP market is expected to rise due to increased public infrastructure development and reconstruction activities. Governments and airport authorities are growing their investments in the development and building of new airports, which are important driving forces. Similarly, ongoing railway expansion programmes in Europe, such as the Rail Baltica greenfield railway infrastructure programme, would create opportunities for business growth. This trend has been catching the interest of building firms as a relatively cost-effective way to finance short-term projects. The demand for rental AWPs has led some of the industry's leading companies to consider capitalising on the trend.
Aerial Work Platform: Market Segmentation
Aerial work platforms (AWPs) are widely used for a variety of maintenance and building tasks, especially while working at a height. It's commonly used in the electricity and telecommunications sectors, as well as in the arboriculture industry. Advanced features such as connectivity and storage, as well as electrical outlets and compressed air plugs for power equipment, could be available on aerial work platforms. It can also be equipped with advanced equipment such as window glass frames and underbridge units for lifting operators to the appropriate height for any working area.
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Based on product type, the market is divided into:
- Boom Lifts
- Scissor Lifts
- Vertical Mast Lifts
- Portable Personal Lifts
- Others
With regards to platform height, the market is segmented into:
- Below 10 Metres
- 10 to 20 Metres
- 20 to 25 Metres
- Above 25 Metres
On the basis of engine type, the market is categorized into:
- Electric
- Engine Powered
By end use, the market is segregated into:
- Construction
- Mining
- Transportation and Logistics
- Manufacturing
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Boom Lifts Aiding the Growth of Aerial Work Platform Industry
Boom lifts are expected to rise significantly during the forecast period, owing to their adaptability and speed of service. Several characteristics of boom lifts, such as their ability to work in rugged terrain and achieve greater heights, are contributing to their increasing market share. To broaden their portfolio and gain a strategic advantage in the AWP industry, key players are focused on the design and production of new boom lifts. The increasing demand for boom lifts is predicted to significantly increase the growth rate of the aerial wok platform industry during the forecast period.
Key Industry Players in the Global Aerial Work Platform Market
The report gives a detailed analysis of the following key players in the global aerial work platform market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Terex Corporation
- Haulotte Group
- MEC Aerial Work Platforms
- Tadano Ltd.
- Aichi Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Platform Height, Engine Type, End Use, Region |
| Breakup by Product Type | Boom Lifts, Scissors Lifts, Vertical Mast Lifts, Personal Portable Lifts, Others |
| Breakup by Platform Height | Below 10 Metres, 10 to 20 Metres, 20 to 25 Metres, Above 25 Metres |
| Breakup by Engine Type | Electric, Engine Powered |
| Breakup by End Use | Construction, Mining, Transportation and Logistics, Manufacturing, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Terex Corporation, Haulotte Group, MEC Aerial Work Platforms, Tadano Ltd., Aichi Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aerial Work Platform Market Analysis
8.1 Key Industry Highlights
8.2 Global Aerial Work Platform Historical Market (2018-2023)
8.3 Global Aerial Work Platform Market Forecast (2024-2032)
8.4 Global Aerial Work Platform Market by Product Type
8.4.1 Boom Lifts
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Scissors Lifts
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Vertical Mast Lifts
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Personal Portable Lifts
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Aerial Work Platform Market by Platform Height
8.5.1 Below 10 Metres
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 10 to 20 Metres
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 20 to 25 Metres
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Above 25 Metres
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Aerial Work Platform Market by Engine Type
8.6.1 Electric
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Engine Powered
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Aerial Work Platform Market by End Use
8.7.1 Construction
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Mining
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Transportation and Logistics
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Manufacturing
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Aerial Work Platform Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Aerial Work Platform Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Aerial Work Platform Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Aerial Work Platform Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Aerial Work Platform Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Aerial Work Platform Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Terex Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Haulotte Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 MEC Aerial Work Platforms
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Tadano Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Aichi Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Aerial Work Platform Market: Key Industry Highlights, 2018 and 2032
2. Global Aerial Work Platform Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Aerial Work Platform Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Aerial Work Platform Historical Market: Breakup by Platform Height (USD Billion), 2018-2023
5. Global Aerial Work Platform Market Forecast: Breakup by Platform Height (USD Billion), 2024-2032
6. Global Aerial Work Platform Historical Market: Breakup by Engine Type (USD Billion), 2018-2023
7. Global Aerial Work Platform Market Forecast: Breakup by Engine Type (USD Billion), 2024-2032
8. Global Aerial Work Platform Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Aerial Work Platform Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Aerial Work Platform Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Aerial Work Platform Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Aerial Work Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Aerial Work Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Aerial Work Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Aerial Work Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Aerial Work Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Aerial Work Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Aerial Work Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Aerial Work Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Aerial Work Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Aerial Work Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Aerial Work Platform Market Structure
Key Questions Answered in the Report
In 2020, the global aerial work platform market attained a value of nearly USD 13.34 billion.
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the market include the increasing reconstruction activities, investments in the development and building of new airports, ongoing railway expansion programmes, and rising demand for rental AWPs.
The increasing public infrastructure development and increasing demand for boom lifts are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The product types of aerial work platform are boom lifts, scissor lifts, vertical mast lifts, and portable personal lifts, among others.
The different platform heights are below 10 metres, 10 to 20 metres, 20 to 25 metres, and above 25 metres.
On the basis of engine type, the market is categorized into electric and engine powered.
The end uses include construction, mining, transportation and logistics, and manufacturing, among others.
The major players in the industry are Terex Corporation, Haulotte Group, MEC Aerial Work Platforms, Tadano Ltd., and Aichi Corporation, among others.
Analyst Review
The global aerial work platform market attained a value of nearly USD 13.34 billion in 2023, driven by the increasing public infrastructure development. Aided by increasing reconstruction activities and increasing demand for boom lifts, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 6%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The product types of aerial work platform are boom lifts, scissor lifts, vertical mast lifts, and portable personal lifts, among others. The different platform heights are below 10 metres, 10 to 20 metres, 20 to 25 metres, and above 25 metres. On the basis of engine type, the market is categorized into electric and engine powered. The end uses include construction, mining, transportation and logistics, and manufacturing, among others. The major regional markets for aerial work platform market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Terex Corporation, Haulotte Group, MEC Aerial Work Platforms, Tadano Ltd., and Aichi Corporation, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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