AERIAL WORK PLATFORM (AWP) TRUCK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

Aerial Work Platform (AWP) is a specialized machine that is used to provide access to difficult and inaccessible areas. Aerial work platform (AWP) trucks are aerial work platform equipment mounted or used with the assistance of a truck. Some of aerial work platform trucks are light in weight and can be used in unreachable or remote areas for maintenance operations. This machinery and equipment is driven by a motor that uses diesel or gasoline. Some of the AWP machines are self-driven and use automated technology. The main features of AWP trucks are high operational efficiency, accessibility to remote areas, and the ability to perform multipurpose operations. Based on the application, the aerial work platform market is segmented into rental, construction and mining, government, telecommunication, transportation & logistics, utility, and others. Boom lifts and scissor lifts are most used types of AWP trucks due to their high operational efficiency.

 The Global Aerial Work Platform (AWP) Truck Market was valued for US$ 11643.3 Mn in 2021.

Market Dynamics

The global aerial work platform (AWP) truck market is expected to grow significantly during the forecast period due to investments in electric drive and efficient battery technology by manufacturers. These machines are helpful in reducing fuel consumption, noise level, and harmful carbon emissions. Moreover, contractors are using electric drive technology to reduce the impact on the environment and support environmental conservation initiatives adopted by government authorities across the globe. Players are using advanced electric drive technology to support the industry and provide high operational efficiency. For instance, in March 2020, JLG Industries, Inc., a U.S. based equipment manufacturer, launched Davinci electric scissor lift to provide high exceptional performance with minimum maintenance cost.

Moreover, major players across the globe are focusing on developing products with new features and technologies to remain competitive in the market. Industries are focusing on developing new products with new features to cater to demand from the end-users. For instance, in February 2020, JLG Industries, Inc., a U.S. based equipment manufacturer, launched 400 series hi-capacity boom lifts. These lifts are designed to bring more tools and equipment to the work area.

Key features of the study:

• This report provides in-depth analysis of global aerial work platform (AWP) truck market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022– 2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
• It profiles leading players in the global aerial work platform (AWP) truck market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
• Companies covered as a part of this study are XCMG Group, SANY Group, Zoomlion Heavy Industry Science&Technology Co., Ltd., AICHI CORPORATION, Altec Industries, Bronto Skylift, Hunan RUNSHARE Heavy Industry Company, Ltd., Dinolift, HAULOTTE GROUP, Hunan Sinoboom Intelligent Equipment Co, Ltd., JLG Industries, Inc., Manitou Group, Niftylift (UK) Limited, Skyjack, Zhejiang Dingli Machinery Co, Ltd., Linamar Corporation, Manitex International
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• The global aerial work platform (AWP) truck market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aerial work platform (AWP) truck market.

Detailed Segmentation

• Global Aerial Work Platform (AWP) Truck Market, By Type:
  • Boom lifts
  • Scissor lifts
  • Vertical mast lifts
  • Personal portable lifts
• Global Aerial Work Platform (AWP) Truck Market, By Power Type:
  • Electric
  • Engine Powered
• Global Aerial Work Platform (AWP) Truck Market, By Platform:
  • Below 10 M
  • 10-20 M
  • 20-30 M
  • Above 30 M
• Global Aerial Work Platform (AWP) Truck Market, By Application:
  • Rental
  • Construction and mining
  • Government
  • Telecommunication
  • Transportation & Logistics
  • Utility
  • Others
• Global Aerial Work Platform (AWP) Truck Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • XCMG Group*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • SANY Group
  • Zoomlion Heavy Industry Science&Technology Co., Ltd.
  • AICHI CORPORATION
  • Altec Industries
  • Bronto Skylift
  • Hunan RUNSHARE Heavy Industry Company, Ltd.
  • Dinolift
  • HAULOTTE GROUP
  • Hunan Sinoboom Intelligent Equipment Co, Ltd.
  • JLG Industries, Inc.
  • Manitou Group, Niftylift (UK) Limited
  • Skyjack
  • Zhejiang Dingli Machinery Co, Ltd.
  • Linamar Corporation
  • Manitex International

“*” marked represents similar segmentation in other categories in the respective section.