250 Pages Aerial Work Platforms Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
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The report offers actionable and valuable market insights of Aerial Work Platforms. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Aerial Work Platforms Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Aerial Work Platforms market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Aerial Work Platforms
This newly published and insightful report sheds light on Market Insights of Aerial Work Platforms, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Aerial Work Platforms Market.
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Key Segments Covered
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Product
- Scissor Lifts
- Boom Lifts
- Other AWPs
-
End Use Industries
- AWP Rental Service Providers
- End Use Industries
- AWPs for Construction
- AWPs for Entertainment
- AWPs for Commercial Uses
- AWPs for Manufacturing
- AWPs for Others (Public Administration, Mining, Agriculture, etc.)
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Key Takeaways from the Market Study
- Boom lifts expected to yield an absolute opportunity worth US$ 2.5 Bn, registering a value CAGR of 4%
- Construction segment to account for 37% share of boom lifts until 2031
- North America to emerge as the dominant market, capturing 40% revenue share
- Nearly 2/5th of global demand for aerial work platforms to be stimulated by Europe
- Asia to be an opportunistic market, accounting for a third of the global market revenue
“As governments of several countries are re-evaluating safety standards, adoption of aerial work platforms is on the rise, with key manufacturers emphasizing on incorporating smart sensors to reduce construction fatalities”, says the Fact.MR analyst.
Competitive Landscape
The global aerial work platforms market is highly consolidated with 7-8 players accumulating 65-70% of the share. Manufacturers are focusing on product innovation in order to increase their reach and maintain their position in the market.
- In September 2021, JLG Industries, Inc., announced the launch of the JLG® 670SJ self-leveling boom lift. Equipped with JLG’s exclusive and patented self-leveling technology, the 670SJ is engineered to automatically adapt to terrain on slopes up to 10 degrees in any direction, while driving with full functionality at a class-leading 67-ft platform height.
- In March 2021, MEC Aerial Work Platforms introduced its newest product line of vertical mast lifts; the MEC Mast Electric (MME) Series. The MME Series leads with direct electric drive for high efficiency, longer duty cycles, and higher product residual value. The MME Series offers two heights to choose from the MME20 with a platform height of 20 feet and the MME25 with the non-rotating vertical mast lift platform height of 25 feet.
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More Valuable Insights on Aerial Work Platforms Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Aerial Work Platforms, Sales and Demand of Aerial Work Platforms, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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