Product Code: 689
The aerial work platform (AWP) market is primed to showcase robust growth through 2028 owing to high product adoption across the construction industry. In addition, notable technological advancements in the sector are likely to further fuel industry expansion over the forecast timeframe.
Recently, companies have been adopting effective strategies to enhance their market standing, thereby propelling business growth in key regions globally. For instance, in March 2022, Manitou Group, a heavy equipment specialist, opened its new AWP facility in Cande, France. The Rough Terrain aerial lift plant is intended to significantly increase the boom lift production capacity of Manitou, supporting the firm's long-term development goals.
For extensive analysis, the aerial work platform (AWP) market has been segregated on the basis of application, product, platform, type, and region. In terms of product, the market has been further divided into personal portable lifts, boom lift, vertical mass lift, and scissor lift. The personal portable lifts sub-segment is projected to grow at a robust pace through the analysis timeline. Rising popularity of personal portable lifts in in-house maintenance and temporary construction applications for performing low-height operations is likely to bolster segmental expansion in the coming time period.
From the type point of view, the AWP market has been categorized into engine powered and electric. The electric sub-segment is speculated to progress at a high CAGR over the assessment period to reach a notable valuation by 2028. This growth is attributed to several product benefits, including low carbon emissions and improved functionality.
With respect to platform, the aerial work platform (AWP) market has been bifurcated into below 10 meters, 10 - 20 meters, 20 - 25 meters, and above 25 meters. The AWP industry share from the 10 - 20 meters sub-segment is foreseen to observe considerable development through the forecast timeline on account of extensive product application across maintenance and general construction operations in office works, electrical installation, and small buildings.
From the application perspective, the aerial work platform (AWP) market has been classified into transport & logistics, rental, government, and construction & mining. The transport & logistics sub-segment is slated to gain significant growth momentum over the study timeline owing to widespread adoption of aerials lifts in warehouses for material handling. Aerial work platforms are widely used in robust environments, such as logistics and transport, due to their strong and sturdy structure, which is anticipated to foster segmental outlook.
On the regional front, the Middle East & Africa aerial work platform market is poised to exhibit a solid growth trajectory through the estimated timeline. Growing focus on the construction of smart cities in the MEA region is set to facilitate AWP adoption in the forthcoming years.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Definitions & forecast parameters
- 1.1.1 Definitions
- 1.1.2 Methodology and forecast parameters
- 1.1.3 Region-wise COVID-19 impact
- 1.1.3.1 North America
- 1.1.3.2 Europe
- 1.1.3.3 Asia Pacific
- 1.1.3.4 Latin America
- 1.1.3.5 MEA
- 1.2 Data Sources
- 1.2.1 Secondary
- 1.2.2 Primary
Chapter 2 Executive Summary
- 2.1 AWP industry 360 degree synopsis, 2017 - 2028
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Type trends
- 2.1.4 Platform height trends
- 2.1.5 Application trends
- 2.1.6 Regional trends
Chapter 3 AWP Industry Insights
- 3.1 Introduction
- 3.2 Impact of COVID-19 on AWP industry landscape
- 3.2.1 Global outlook
- 3.2.2 Regional impact
- 3.2.2.1 North America
- 3.2.2.2 Europe
- 3.2.2.3 Asia Pacific
- 3.2.2.4 Latin America
- 3.2.2.5 MEA
- 3.2.3 Industry value chain
- 3.2.3.1 Research & development
- 3.2.3.2 Manufacturing
- 3.2.3.3 Marketing
- 3.2.3.4 Supply
- 3.2.4 Competitive landscape
- 3.2.4.1 Strategy
- 3.2.4.2 Distribution network
- 3.2.4.3 Business growth
- 3.3 Industry ecosystem analysis
- 3.3.1 Component suppliers
- 3.3.2 Manufacturers
- 3.3.3 End-use landscape
- 3.3.4 Profit margin analysis
- 3.3.5 Distribution channel analysis
- 3.3.6 Vendor matrix
- 3.4 Investment Landscape
- 3.5 Technology & innovation landscape
- 3.5.1 Hybrid technologies and electrification
- 3.5.2 Telematics
- 3.5.3 IoT & AI
- 3.5.4 Automation & self-propelled AWPs
- 3.6 Regulatory landscape
- 3.6.1.1 North America
- 3.6.1.2 Europe
- 3.6.1.3 Asia Pacific
- 3.6.1.4 Latin America
- 3.6.1.5 MEA
- 3.7 Industry impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Proliferation of construction projects across the globe
- 3.7.1.2 Significant developments in aerial work platforms
- 3.7.1.3 Rising smart city projects worldwide
- 3.7.1.4 Emerging AWP rental service providers in MEA and Asia Pacific
- 3.7.1.5 Rising investments in infrastructure maintenance activities in Europe and North America
- 3.7.1.6 Considerable urbanization in Asia Pacific and Europe
- 3.7.1.7 Advancements in mining & construction industries of Latin America
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 Lack of availability of technicians & skilled operators
- 3.7.2.2 High maintenance costs of AWPs
- 3.7.2.3 High initial purchase cost of AWPs
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Internal rivalry
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2021
- 4.1 Introduction
- 4.2 Company market share analysis, 2021
- 4.3 Competitive analysis of key market players
- 4.3.1 Zhejiang Dingli Machinery Co, Ltd.
- 4.3.2 Aichi Corporation
- 4.3.3 Zoomlion Heavy Industry Science and Technology Co., Ltd.
- 4.3.4 Terex Corporation (Genie)
- 4.3.5 Haulotte Group SA
- 4.3.6 JLG Industries, Inc.
- 4.3.7 Skyjack, Inc.
- 4.4 Vendor adoption matrix
Chapter 5 AWP Market, By Product (Revenue & Shipment)
- 5.1 Key trends, by product
- 5.2 Boom lifts
- 5.2.1 Market estimates and forecast, 2017 - 2028
- 5.3 Scissor lifts
- 5.3.1 Market estimates and forecast, 2017 - 2028
- 5.4 Vertical mass lifts
- 5.4.1 Market estimates and forecast, 2017 - 2028
- 5.5 Personal potable lifts
- 5.5.1 Market estimates and forecast, 2017 - 2028
Chapter 6 AWP Market, By Type (Revenue & Shipment)
- 6.1 Key trends, by type
- 6.2 Electric
- 6.2.1 Market estimates and forecast, 2017 - 2028
- 6.3 Engine powered
- 6.3.1 Market estimates and forecast, 2017 - 2028
Chapter 7 AWP Market, By Platform Height (Revenue & Shipment)
- 7.1 Key trends, by platform height
- 7.2 Below 10 Meters
- 7.2.1 Market estimates and forecast, 2017 - 2028
- 7.3 10 to 20 Meters
- 7.3.1 Market estimates and forecast, 2017 - 2028
- 7.4 20 to 25 Meters
- 7.4.1 Market estimates and forecast, 2017 - 2028
- 7.5 Above 25 Meters
- 7.5.1 Market estimates and forecast, 2017 - 2028
Chapter 8 AWP Market, By Application (Revenue & Shipment)
- 8.1 Key trends, by application
- 8.2 Rental
- 8.2.1 Market estimates and forecast, 2017 - 2028
- 8.3 Construction & mining
- 8.3.1 Market estimates and forecast, 2017 - 2028
- 8.4 Government
- 8.4.1 Market estimates and forecast, 2017 - 2028
- 8.5 Transportation & logistics
- 8.5.1 Market estimates and forecast, 2017 - 2028
- 8.6 Utility
- 8.6.1 Market estimates and forecast, 2017 - 2028
Chapter 9 AWP Market, By Region (Revenue & Shipment)
- 9.1 Key trends, by region
- 9.2 North America
- 9.2.1 Market estimates and forecast, by product, 2017 - 2028
- 9.2.2 Market estimates and forecast, by type, 2017 - 2028
- 9.2.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.2.4 Market estimates and forecast, by application, 2017 - 2028
- 9.2.5 U.S.
- 9.2.5.1 Market estimates and forecast, by product, 2017 - 2028
- 9.2.5.2 Market estimates and forecast, by type, 2017 - 2028
- 9.2.5.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.2.5.4 Market estimates and forecast, by application, 2017 - 2028
- 9.2.6 Canada
- 9.2.6.1 Market estimates and forecast, by product, 2017 - 2028
- 9.2.6.2 Market estimates and forecast, by type, 2017 - 2028
- 9.2.6.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.2.6.4 Market estimates and forecast, by application, 2017 - 2028
- 9.3 Europe
- 9.3.1 Market estimates and forecast, by product, 2017 - 2028
- 9.3.2 Market estimates and forecast, by type, 2017 - 2028
- 9.3.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.3.4 Market estimates and forecast, by application, 2017 - 2028
- 9.3.5 UK
- 9.3.5.1 Market estimates and forecast, by product, 2017 - 2028
- 9.3.5.2 Market estimates and forecast, by type, 2017 - 2028
- 9.3.5.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.3.5.4 Market estimates and forecast, by application, 2017 - 2028
- 9.3.6 Germany
- 9.3.6.1 Market estimates and forecast, by product, 2017 - 2028
- 9.3.6.2 Market estimates and forecast, by type, 2017 - 2028
- 9.3.6.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.3.6.4 Market estimates and forecast, by application, 2017 - 2028
- 9.3.7 France
- 9.3.7.1 Market estimates and forecast, by product, 2017 - 2028
- 9.3.7.2 Market estimates and forecast, by type, 2017 - 2028
- 9.3.7.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.3.7.4 Market estimates and forecast, by application, 2017 - 2028
- 9.3.8 Italy
- 9.3.8.1 Market estimates and forecast, by product, 2017 - 2028
- 9.3.8.2 Market estimates and forecast, by type, 2017 - 2028
- 9.3.8.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.3.8.4 Market estimates and forecast, by application, 2017 - 2028
- 9.3.9 Russia
- 9.3.9.1 Market estimates and forecast, by product, 2017 - 2028
- 9.3.9.2 Market estimates and forecast, by type, 2017 - 2028
- 9.3.9.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.3.9.4 Market estimates and forecast, by application, 2017 - 2028
- 9.4 Asia Pacific
- 9.4.1 Market estimates and forecast, by product, 2017 - 2028
- 9.4.2 Market estimates and forecast, by type, 2017 - 2028
- 9.4.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.4.4 Market estimates and forecast, by application, 2017 - 2028
- 9.4.5 China
- 9.4.5.1 Market estimates and forecast, by product, 2017 - 2028
- 9.4.5.2 Market estimates and forecast, by type, 2017 - 2028
- 9.4.5.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.4.5.4 Market estimates and forecast, by application, 2017 - 2028
- 9.4.6 India
- 9.4.6.1 Market estimates and forecast, by product, 2017 - 2028
- 9.4.6.2 Market estimates and forecast, by type, 2017 - 2028
- 9.4.6.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.4.6.4 Market estimates and forecast, by application, 2017 - 2028
- 9.4.7 Japan
- 9.4.7.1 Market estimates and forecast, by product, 2017 - 2028
- 9.4.7.2 Market estimates and forecast, by type, 2017 - 2028
- 9.4.7.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.4.7.4 Market estimates and forecast, by application, 2017 - 2028
- 9.4.8 South Korea
- 9.4.8.1 Market estimates and forecast, by product, 2017 - 2028
- 9.4.8.2 Market estimates and forecast, by type, 2017 - 2028
- 9.4.8.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.4.8.4 Market estimates and forecast, by application, 2017 - 2028
- 9.5 Latin America
- 9.5.1 Market estimates and forecast, by product, 2017 - 2028
- 9.5.2 Market estimates and forecast, by type, 2017 - 2028
- 9.5.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.5.4 Market estimates and forecast, by application, 2017 - 2028
- 9.5.5 Brazil
- 9.5.5.1 Market estimates and forecast, by product, 2017 - 2028
- 9.5.5.2 Market estimates and forecast, by type, 2017 - 2028
- 9.5.5.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.5.5.4 Market estimates and forecast, by application, 2017 - 2028
- 9.5.6 Mexico
- 9.5.6.1 Market estimates and forecast, by product, 2017 - 2028
- 9.5.6.2 Market estimates and forecast, by type, 2017 - 2028
- 9.5.6.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.5.6.4 Market estimates and forecast, by application, 2017 - 2028
- 9.6 MEA
- 9.6.1 Market estimates and forecast, by product, 2017 - 2028
- 9.6.2 Market estimates and forecast, by type, 2017 - 2028
- 9.6.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.6.4 Market estimates and forecast, by application, 2017 - 2028
- 9.6.5 UAE
- 9.6.5.1 Market estimates and forecast, by product, 2017 - 2028
- 9.6.5.2 Market estimates and forecast, by type, 2017 - 2028
- 9.6.5.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.6.5.4 Market estimates and forecast, by application, 2017 - 2028
- 9.6.6 Saudi Arabia
- 9.6.6.1 Market estimates and forecast, by product, 2017 - 2028
- 9.6.6.2 Market estimates and forecast, by type, 2017 - 2028
- 9.6.6.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.6.6.4 Market estimates and forecast, by application, 2017 - 2028
- 9.6.7 South Africa
- 9.6.7.1 Market estimates and forecast, by product, 2017 - 2028
- 9.6.7.2 Market estimates and forecast, by type, 2017 - 2028
- 9.6.7.3 Market estimates and forecast, by platform height, 2017 - 2028
- 9.6.7.4 Market estimates and forecast, by application, 2017 - 2028
Chapter 10 Company Profiles
- 10.1 Aichi Corporation
- 10.1.1 Business Overview
- 10.1.2 Financial Data
- 10.1.3 Product Landscape
- 10.1.4 Strategic Outlook
- 10.1.5 SWOT Analysis
- 10.2 CTE
- 10.2.1 Business Overview
- 10.2.2 Financial Data
- 10.2.3 Product Landscape
- 10.2.4 Strategic Outlook
- 10.2.5 SWOT Analysis
- 10.3 Dinolift OY
- 10.3.1 Business Overview
- 10.3.2 Financial Data
- 10.3.3 Product Landscape
- 10.3.4 Strategic Outlook
- 10.3.5 SWOT Analysis
- 10.4 Haulotte Group
- 10.4.1 Business Overview
- 10.4.2 Financial Data
- 10.4.3 Product Landscape
- 10.4.4 Strategic Outlook
- 10.4.5 SWOT Analysis
- 10.5 Holland Lift International bv
- 10.5.1 Business Overview
- 10.5.2 Financial Data
- 10.5.3 Product Landscape
- 10.5.4 Strategic Outlook
- 10.5.5 SWOT Analysis
- 10.6 Hunan Runshare Heavy Industry Company, Ltd.
- 10.6.1 Business Overview
- 10.6.2 Financial Data
- 10.6.3 Product Landscape
- 10.6.4 Strategic Outlook
- 10.6.5 SWOT Analysis
- 10.7 Hunan Sinoboom Heavy Industry Co. Ltd.
- 10.7.1 Business Overview
- 10.7.2 Financial Data
- 10.7.3 Product Landscape
- 10.7.4 Strategic Outlook
- 10.7.5 SWOT Analysis
- 10.8 JLG Industries
- 10.8.1 Business Overview
- 10.8.2 Financial Data
- 10.8.3 Product Landscape
- 10.8.4 Strategic Outlook
- 10.8.5 SWOT Analysis
- 10.9 Manitou Group
- 10.9.1 Business Overview
- 10.9.2 Financial Data
- 10.9.3 Product Landscape
- 10.9.4 Strategic Outlook
- 10.9.5 SWOT Analysis
- 10.10 Niftylift Limited
- 10.10.1 Business Overview
- 10.10.2 Financial Data
- 10.10.3 Product Landscape
- 10.10.4 Strategic Outlook
- 10.10.5 SWOT Analysis
- 10.11 Skyjack
- 10.11.1 Business Overview
- 10.11.2 Financial Data
- 10.11.3 Product Landscape
- 10.11.4 Strategic Outlook
- 10.11.5 SWOT Analysis
- 10.12 Snorkel
- 10.12.1 Business Overview
- 10.12.2 Financial Data
- 10.12.3 Product Landscape
- 10.12.4 Strategic Outlook
- 10.12.5 SWOT Analysis
- 10.13 Socage Srl
- 10.13.1 Business Overview
- 10.13.2 Financial Data
- 10.13.3 Product Landscape
- 10.13.4 Strategic Outlook
- 10.13.5 SWOT Analysis
- 10.14 Tadano Limited
- 10.14.1 Business Overview
- 10.14.2 Financial Data
- 10.14.3 Product Landscape
- 10.14.4 Strategic Outlook
- 10.14.5 SWOT Analysis
- 10.15 Terex Corporation (Genie)
- 10.15.1 Business Overview
- 10.15.2 Financial Data
- 10.15.3 Product Landscape
- 10.15.4 Strategic Outlook
- 10.15.5 SWOT Analysis
- 10.16 Teupen
- 10.16.1 Business Overview
- 10.16.2 Financial Data
- 10.16.3 Product Landscape
- 10.16.4 Strategic Outlook
- 10.16.5 SWOT Analysis
- 10.17 Zhejiang Dingli Machinery Co, Ltd.
- 10.17.1 Business Overview
- 10.17.2 Financial Data
- 10.17.3 Product Landscape
- 10.17.4 Strategic Outlook
- 10.17.5 SWOT Analysis
- 10.18 Zoomlion Heavy Industry Science and Technology Co., Ltd.
- 10.18.1 Business Overview
- 10.18.2 Financial Data
- 10.18.3 Product Landscape
- 10.18.4 Strategic Outlook
- 10.18.5 SWOT Analysis