Aerial Work Platforms Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type and End-user

List of Tables

The aerial work platforms market was valued at US$ 16,210.00 million in 2022 and is projected to reach US$ 28,951.38 million by 2030; it is expected to register a CAGR of 7.52% during 2022-2030.

Rise in Ongoing Maintenance Requirements is Driving the Aerial Work Platforms Market Growth

Utilities, encompassing power lines, communication infrastructure, and pipelines, require regular inspections and repairs. Aerial work platforms, equipped with advanced features such as telescopic arms and articulating booms, enable maintenance crews to navigate complex terrain and access utility structures at varying heights. AWP enhances the efficiency of maintenance operations and contributes to minimizing downtime in critical utility services. In industrial facilities, where machinery and equipment are often installed at elevated levels, aerial work platforms become indispensable for routine maintenance, troubleshooting, and equipment upgrades. The ability of boom lifts to provide both vertical and horizontal reach is particularly advantageous in these settings, allowing maintenance teams to access machinery located at different positions within the facility. Thus, the ongoing maintenance requirements for buildings, utilities, and industrial facilities fuel the aerial work platforms market growth.

In the competitive business landscape, enterprises that prioritize safety not only attract and retain skilled workers but also enhance their overall corporate image. A commitment to safety aligns with the expectations of clients, partners, and investors, fostering trust and reinforcing the reputation of a business as a responsible and reliable entity. The growing emphasis on safety regulations and the compelling need for safer working environments have positioned AWPs as indispensable assets for businesses. Thus, the increased focus on workplace safety drives the aerial work platforms market size.

The demand for aerial work platforms (AWPs) in Asia Pacific is diverse and spans various industries. The construction sector is a significant contributor, utilizing AWPs for construction, maintenance, and infrastructure projects in rapidly developing economies. The construction industry in the developing countries of Asia Pacific has experienced a exponential growth over the years due to the continuous infrastructural development in the developing countries. This has created an enormous opportunity for established manufacturers to expand their foothold in the region. According to the Asian Development Bank, over US$1,500 billion must be invested annually in infrastructure projects across Asia Pacific by 2030 if the region is to sustain economic growth, fight poverty, and mitigate climate risk. Thus, the rise in investment toward infrastructure development in the region is expected to fuel the aerial work platforms market growth in the coming years.

Furthermore, promoting free trade and investment toward infrastructure development in the oil & gas and metal mining industries by economies in Asia Pacific resulted in the rise in the importance of minerals and metals for economic growth. Hence, rise in mining activities in Asia Pacific is expected to boost the growth for aerial work platforms market during the forecast period.

FLSmidth; MEKA; Metso Outotec Corporation; McLanahan; Sandvik AB; TAKRAF GmbH; Terex Corporation; Thyssenkrupp Industrial Solutions AG; and Williams Patent Crusher and Pulverizer Co., Inc., are among the key aerial work platforms market players.

The overall aerial work platforms market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the aerial work platforms market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the aerial work platforms market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the aerial work platform market.
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The key findings and recommendations highlight crucial progressive industry trends in the global aerial work platform market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: TIPRE00014095

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Aerial Work Platforms Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Raw Material/Equipment Supplier
- 4.3.2 Manufacturer
- 4.3.3 End-User
- 4.3.4 List of Additional Aerial Work Platform Suppliers in the Value Chain

5. Aerial Work Platforms Market - Key Market Dynamics

5.1 Aerial Work Platforms Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Growth in Construction Activities and Infrastructure Projects
- 5.2.2 Rise in Ongoing Maintenance Requirements
- 5.2.3 Focus on Workplace Safety
5.3 Market Restraints
- 5.3.1 High Initial Costs
- 5.3.2 Load Capacity Limitations
5.4 Market Opportunities
- 5.4.1 Increasing Trend of Renting Equipment
- 5.4.2 Customization and Specialized Applications
5.5 Future Trends
- 5.5.1 Growing Demand for Electric and Hybrid-powered Aerial Work Platforms
5.6 Impact of Drivers and Restraints:

6. Aerial Work Platforms Market - Global Market Analysis

6.1 Aerial Work Platforms Market Revenue (US$ Million), 2022-2030
6.2 Aerial Work Platforms Market Forecast Analysis

7. Aerial Work Platforms Market Analysis - by Type

7.1 Scissors Lift
- 7.1.1 Overview
- 7.1.2 Scissors Lift: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Boom Lifts
- 7.2.1 Overview
- 7.2.2 Boom Lifts: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Telehandlers
- 7.3.1 Overview
- 7.3.2 Telehandlers: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Vertical Mast Lifts
- 7.4.1 Overview
- 7.4.2 Vertical Mast Lifts: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)

8. Aerial Work Platforms Market Analysis - by End-user

8.1 Construction
- 8.1.1 Overview
- 8.1.2 Construction: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Utility
- 8.2.1 Overview
- 8.2.2 Utility: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Mining
- 8.3.1 Overview
- 8.3.2 Mining: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Transport & Logistics
- 8.4.1 Overview
- 8.4.2 Transport & Logistics: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)

9. Aerial Work Platforms Market - Geographical Analysis

9.1 Overview
9.2 North America
- 9.2.1 North America Aerial Work Platforms Market Overview
- 9.2.2 North America: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
- 9.2.3 North America: Aerial Work Platforms Market Breakdown, by Type
  - 9.2.3.1 North America: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Type
- 9.2.4 North America: Aerial Work Platforms Market Breakdown, by End-user
  - 9.2.4.1 North America: Aerial Work Platforms Market - Revenue and Forecast Analysis - by End-user
- 9.2.5 North America: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.1 North America: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.2 United States: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.2.5.2.1 United States: Aerial Work Platforms Market Breakdown, by Type
    - 9.2.5.2.2 United States: Aerial Work Platforms Market Breakdown, by End-user
  - 9.2.5.3 Canada: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.2.5.3.1 Canada: Aerial Work Platforms Market Breakdown, by Type
    - 9.2.5.3.2 Canada: Aerial Work Platforms Market Breakdown, by End-user
  - 9.2.5.4 Mexico: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.2.5.4.1 Mexico: Aerial Work Platforms Market Breakdown, by Type
    - 9.2.5.4.2 Mexico: Aerial Work Platforms Market Breakdown, by End-user
9.3 Europe
- 9.3.1 Europe Aerial Work Platforms Market Overview
- 9.3.2 Europe: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
- 9.3.3 Europe: Aerial Work Platforms Market Breakdown, by Type
  - 9.3.3.1 Europe: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Type
- 9.3.4 Europe: Aerial Work Platforms Market Breakdown, by End-user
  - 9.3.4.1 Europe: Aerial Work Platforms Market - Revenue and Forecast Analysis - by End-user
- 9.3.5 Europe: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.1 Europe: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.2 Germany: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.3.5.2.1 Germany: Aerial Work Platforms Market Breakdown, by Type
    - 9.3.5.2.2 Germany: Aerial Work Platforms Market Breakdown, by End-user
  - 9.3.5.3 Italy: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.3.5.3.1 Italy: Aerial Work Platforms Market Breakdown, by Type
    - 9.3.5.3.2 Italy: Aerial Work Platforms Market Breakdown, by End-user
  - 9.3.5.4 France: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.3.5.4.1 France: Aerial Work Platforms Market Breakdown, by Type
    - 9.3.5.4.2 France: Aerial Work Platforms Market Breakdown, by End-user
  - 9.3.5.5 United Kingdom: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.3.5.5.1 United Kingdom: Aerial Work Platforms Market Breakdown, by Type
    - 9.3.5.5.2 United Kingdom: Aerial Work Platforms Market Breakdown, by End-user
  - 9.3.5.6 Russian Federation: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.3.5.6.1 Russian Federation: Aerial Work Platforms Market Breakdown, by Type
    - 9.3.5.6.2 Russian Federation: Aerial Work Platforms Market Breakdown, by End-user
  - 9.3.5.7 Rest of Europe: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.3.5.7.1 Rest of Europe: Aerial Work Platforms Market Breakdown, by Type
    - 9.3.5.7.2 Rest of Europe: Aerial Work Platforms Market Breakdown, by End-user
9.4 Asia Pacific
- 9.4.1 Asia Pacific Aerial Work Platforms Market Overview
- 9.4.2 Asia Pacific: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
- 9.4.3 Asia Pacific: Aerial Work Platforms Market Breakdown, by Type
  - 9.4.3.1 Asia Pacific: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Type
- 9.4.4 Asia Pacific: Aerial Work Platforms Market Breakdown, by End-user
  - 9.4.4.1 Asia Pacific: Aerial Work Platforms Market - Revenue and Forecast Analysis - by End-user
- 9.4.5 Asia Pacific: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.1 Asia Pacific: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.2 Australia: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.4.5.2.1 Australia: Aerial Work Platforms Market Breakdown, by Type
    - 9.4.5.2.2 Australia: Aerial Work Platforms Market Breakdown, by End-user
  - 9.4.5.3 China: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.4.5.3.1 China: Aerial Work Platforms Market Breakdown, by Type
    - 9.4.5.3.2 China: Aerial Work Platforms Market Breakdown, by End-user
  - 9.4.5.4 India: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.4.5.4.1 India: Aerial Work Platforms Market Breakdown, by Type
    - 9.4.5.4.2 India: Aerial Work Platforms Market Breakdown, by End-user
  - 9.4.5.5 Japan: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.4.5.5.1 Japan: Aerial Work Platforms Market Breakdown, by Type
    - 9.4.5.5.2 Japan: Aerial Work Platforms Market Breakdown, by End-user
  - 9.4.5.6 South Korea: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.4.5.6.1 South Korea: Aerial Work Platforms Market Breakdown, by Type
    - 9.4.5.6.2 South Korea: Aerial Work Platforms Market Breakdown, by End-user
  - 9.4.5.7 Rest of APAC: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.4.5.7.1 Rest of APAC: Aerial Work Platforms Market Breakdown, by Type
    - 9.4.5.7.2 Rest of APAC: Aerial Work Platforms Market Breakdown, by End-user
9.5 Middle East and Africa
- 9.5.1 Middle East and Africa Aerial Work Platforms Market Overview
- 9.5.2 Middle East and Africa: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
- 9.5.3 Middle East and Africa: Aerial Work Platforms Market Breakdown, by Type
  - 9.5.3.1 Middle East and Africa: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Type
- 9.5.4 Middle East and Africa: Aerial Work Platforms Market Breakdown, by End-user
  - 9.5.4.1 Middle East and Africa: Aerial Work Platforms Market - Revenue and Forecast Analysis - by End-user
- 9.5.5 Middle East and Africa: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.1 Middle East and Africa: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.2 South Africa: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.5.5.2.1 South Africa: Aerial Work Platforms Market Breakdown, by Type
    - 9.5.5.2.2 South Africa: Aerial Work Platforms Market Breakdown, by End-user
  - 9.5.5.3 Saudi Arabia: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.5.5.3.1 Saudi Arabia: Aerial Work Platforms Market Breakdown, by Type
    - 9.5.5.3.2 Saudi Arabia: Aerial Work Platforms Market Breakdown, by End-user
  - 9.5.5.4 United Arab Emirates: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.5.5.4.1 United Arab Emirates: Aerial Work Platforms Market Breakdown, by Type
    - 9.5.5.4.2 United Arab Emirates: Aerial Work Platforms Market Breakdown, by End-user
  - 9.5.5.5 Rest of Middle East and Africa: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.5.5.5.1 Rest of Middle East and Africa: Aerial Work Platforms Market Breakdown, by Type
    - 9.5.5.5.2 Rest of Middle East and Africa: Aerial Work Platforms Market Breakdown, by End-user
9.6 South America
- 9.6.1 South America Aerial Work Platforms Market Overview
- 9.6.2 South America: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
- 9.6.3 South America: Aerial Work Platforms Market Breakdown, by Type
  - 9.6.3.1 South America: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Type
- 9.6.4 South America: Aerial Work Platforms Market Breakdown, by End-user
  - 9.6.4.1 South America: Aerial Work Platforms Market - Revenue and Forecast Analysis - by End-user
- 9.6.5 South America: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.1 South America: Aerial Work Platforms Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.2 Brazil: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.6.5.2.1 Brazil: Aerial Work Platforms Market Breakdown, by Type
    - 9.6.5.2.2 Brazil: Aerial Work Platforms Market Breakdown, by End-user
  - 9.6.5.3 Rest of South America: Aerial Work Platforms Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.6.5.3.1 Rest of South America: Aerial Work Platforms Market Breakdown, by Type
    - 9.6.5.3.2 Rest of South America: Aerial Work Platforms Market Breakdown, by End-user

10. Aerial Work Platforms Market - Impact of COVID-19 Pandemic

10.1 Pre & Post COVID-19 Impact

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative and Product Development
12.3 Merger and Acquisition

13. Company Profiles

13.1 IMER International SpA
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Fabrication Authorities International Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Hinowa SpA
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Terex Corp
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Tadano Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Zoomlion Heavy Industry NA Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Sany Palfinger SPV Equipment Co Ltd
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Jinan Nostec Equipment Co Ltd
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 JLG Industries Inc
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Xuzhou Construction Machinery Group Co Ltd
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners