Aerial Work Platform Market: Global Analysis, Opportunities And Forecast To 2028

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Aerial Work Platform Market 2022 Growth
Strategies, Opportunity, Rising Trends and
Revenue Analysis
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• Industry Insights

• As per a recent research report, the Aerial Work
  Platform Market could exceed USD 15 Bn by 2028.
• Powered by the surging emphasis laid on enhancing
  urban transportation systems and subsequently
  rising government focus on the construction as
  well as maintenance of metro rails, the aerial
  work platform (AWP) industry will witness
  significant expansion in the years to come. Of
  late, substantial proceeds in building
  construction have steered the need for replacing
  traditional equipment, like scaffolding, and
  gantry with ideal substitutes for superior safety
  guarantee and work efficiency.
• These days, the application of aerial work
  platforms is not only confined to a specific
  industry or job but rather spans a multitude of
  end-user verticals. While manufacturing companies
  deploy aerial lifts for reaching overhead
  components and large pieces of equipment, rescue
  crews make use of these systems to reach
  buildings. In fact, most construction companies
  identify them as prominent pieces of equipment
  owing to their assistance to contractors in
  numerous indoor and outdoor applications.

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• The growth of the AWP industry can also be
  attributed to the mounting strategic
  developments, including capacity expansions,
  innovations and partnerships for increased
  geographical presence and revenue sales. For
  instance, in December 2020, Zoomlion Aerial Work
  Machinery Company expanded overseas in the
  European market with the supply of aerial work
  platforms, like straight boom, articulating boom
  and scissor systems.
• Owing to their rising utility in helping
  operators easily maneuver around the tight indoor
  and outdoor worksites through firm and level
  surfaces considering their exceptional mobility,
  the demand for scissor lifts will rise at a
  significant pace. One of the attributes driving
  the AWP platform industry growth through scissor
  lifts is their improved cost of ownership and
  productivity.
• These systems are equipped with efficient and
  all-electric AC drive systems for getting to the
  indoor and outdoor job sites in a lightweight,
  compact, and versatile package. Their growing
  usage for temporary operations, like construction
  and maintenance work as well as for emergency
  access will favor the industry dynamics in the
  long run.

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• Regional Analysis

• Vertical mast lifts have emerged as a great
  choice in construction and maintenance jobs when
  it comes to easily access confined spaces, like
  doorways, high traffic urban areas, auditoriums,
  stairways, and alleyways. They are expected to
  tremendously contribute to the AWP market on
  account of their thriving penetration in
  stock-picking, warehousing, inventory management
  general maintenance, and transporting, as they
  can fit through doorways and passenger elevators.

• Competitive Analysis

• Hunan Sinoboom Heavy Industry Co.Ltd.
• Hunan Runshare Heavy Industry Company Ltd.
• Aichi Corporation
• Haulotte Group
• Zoomlion Heavy Industry Science and Technology
  Co.Ltd.
• Manitou Group

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