Aerial Work Platform Market Size, Share, Analysis and Forecast, 2020-2027 | Key Drivers, Constraints and Opportunities-EIN Presswire

2021-12-14 22:39:59 By : Ms. June Chen

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The compact and multifunctional use of AWP has led to a surge in demand from the construction industry.

Portland, Oregon, USA, December 9, 2021/ Aerial Work Platforms (AWP) are personnel lifting equipment used in construction, retail, warehousing, utilities and other industries. Aerial work platforms are also called mobile elevating work platforms, aerial work machines, cherry pickers, bucket trucks, etc. There are many types of scissor lifts, articulated and telescopic boom lifts, and vehicle-mounted platforms. In addition, the aerial work platform facilitates high-altitude operations, thereby reducing the risk of accidents caused by old equipment such as scaffolding platforms.

The global aerial work platform market is expected to increase from US$9.3 billion in 2019 to US$14.3 billion in 2027, with a compound annual growth rate of 7.7% from 2020 to 2027. In 2019, North America dominates in terms of revenue, accounting for 44.0% of the global aerial work platform market share.

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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 a market share of approximately 83.0% in North America. This is mainly due to the earlier introduction of aerial work platforms in the area 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 also helped AWP become popular in the European market.

The COVID-19 pandemic has had a negative impact on the aerial work platform market, mainly due to the suspension of international trade, long-term lockdowns and the cessation of manufacturing processes. Due to the disruption of the supply chain, the construction and logistics industry will have reduced demand in 2020, and market growth is expected to slow down.

Aichi Corporation, Altec Inc. Haulotte Group JC Bamford Excavators Limited Niftylift (UK) Limited Oshkosh Corporation (JLG Industries, Inc.) Skyjack (Linamar Corp.) Terex Corporation (Genie) Teupen Zhejiang Dingli Machinery Co., Ltd.

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Cantilever Lift Scissor Lift Vehicle-mounted Platform Others

Less than 20 feet 20 to 50 feet 50 to 70 feet over 70 feet

Construction, Public Utilities, Logistics and Transportation Others

North America Europe Asia Pacific LAMEA

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