Aerial Work Platform Market to Register High Revenue Growth at ~4% CAGR During 2019 - 2029

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Aerial Work Platforms Market

• February 2020

Report Id REP-GB-1797 Published On
August-2019 Category Industrial Automation and
Equipment
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Aerial Work Platforms Market Analysis

• VALLEY COTTAGE, New York, Aug. 27, 2019
  /PRNewswire/ -- 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.
• Conventional methods of lifting equipment and
  maintaining industrial assets have been an affair
  of concern among the construction verticals of
  many countries. Realizing personnel welfare and
  resource preservation has motivated
  infrastructure and mining operators to turn to
  aerial work platforms. Key players are embracing
  self-propelled and energy-efficient technology to
  cater to the needs of end users.
• Construction Workforce Shifting to Boom Lifts for
  Repair Works
• FMI's 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

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Aerial Work Platforms Market Analysis

• 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.
• 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

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Aerial Work Platforms Market Analysis

• 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.
• Press-Release Source - https//www.prnewswire.com/
  news-releases/aerial-work-platforms-market-is-expe
  cted-to-grow-at-a-cagr-of--4-during-2019-to-2029--
  future-market-insights-300907498.html
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Aerial Work Platforms Market Analysis

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