Contact Us

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Definition

An aerial work platform (AWP) or also called elevating work platform (EWP) is a mechanical device that is used to provide momentary access for people or instruments to unreachable areas, especially at height. There are different types mechanized access platforms are available and are referred as scissor lift or cherry picker. The lift functions in it can be controlled by the operator at the control base of the unit on the work platform itself. AWPs are used for various purposes including construction and maintenance work or by firefighters for emergency access in the time of emergency. They are designed to lift limited weight, typically less than one ton, though some have high safe working load.

The global aerial work platforms (AWP) market was valued at US$ 8,454 Mn in 2018 and 91,204 Thousand Units in terms of volume by the end of 2018 and is expected to grow at a CAGR of 6.0% during the forecasted period (2019-2027)

Market Dynamics- Drivers

  1. Easy and attractive availability of financing options in the market is expected to drive growth of the global aerial work platforms (AWP) market during the forecast period

Ambitious constructions companies often prefer to buy their own construction equipment, instead of renting them. This is due to availability of easy and lucrative financing options. Such options offer companies flexible payment terms and increase their purchasing power, which in turn, is expected to boost the demand for aerial work platforms and thereby, drive the market growth during the forecast period.

  1. Growing urbanization coupled with significant growth of construction industry is expected to propel the global aerial work platforms (AWP) market growth over the forecast period

Aerial work platforms find extensive applications in construction industry and is used to perform tasks such as loading, lifting, and transportation. Moreover, high growth of construction industry, owing to growing urbanization is expected to drive the market growth in the near future. For instance, the global construction industry is expected to be valued at US$ 15 trillion by 2025, up from US$ 8.0 trillion in 2012. Furthermore, according to United Nations DESA, as of 2014, 54% of the world’s population lives in urban areas. According to the same source, this share is expected to increase to 60% by 2050.

North America region dominated the global aerial work platforms market in 2018, accounting for 49.3% share in terms of value, followed by Western Europe and Latin America, respectively.

Aerial Work Platform (AWP)  | Coherent Market Insights

Source: Coherent Market Insights

Market Restraints

  1. Lack of machine specific training among workers is expected to restrain growth of the global aerial work platforms (AWP) market over the forecast period

Lack of trained personnel in construction industry to operate these equipment leads to increased risk of on-sight hazards and low productivity. Moreover, around 60% of the market is into rental business, which provide trained workers for appropriate work only. This, in turn, is expected to restrain the market growth in the near future.

  1. High purchase and maintenance cost of AWPs is expected to hinder the global aerial work platforms (AWP) market over the forecast period

Aerial work platform equipment are expensive to purchase, which makes it challenging for small- and medium-sized companies challenging to buy one. There has been a substitution effect that has affected end users to rent the AWP. Moreover, AWPs require timely inspection and maintenance, like other mechanical equipment, which expensive as well. Thus, these factors are expected to restrain the market growth in the near future.

Market Opportunities

  1. Development of novel products with automation and efficient performance is expected to excellent growth opportunities for market players

Key companies are focused on developing and integrating latest technologies and introducing novel products, in order to gain competitive edge in the market. Moreover, integration of safety features and telematics solutions in AWP is expected to offer lucrative growth opportunities for market players. For instance, in August 2015, Terex AWP presented innovations in remote management and control at the 2nd Genie Technical Summit.

  1. Increasing replacement of manual labor with machinery is expected to significantly grow opportunities for market players in the near future

Growing inclination of construction companies toward machinery over manual labor, owing for better productivity and safety concerns, especially in emerging economies such as India and China are expected to pose attractive growth opportunities for market players during the forecast period.

Aerial Work Platform (AWP)  | Coherent Market Insights

Source: Coherent Market Insights

Segment information:

In global aerial works platform market, by product type segment, scissor lifts sub-segment was dominated by 30’-50’mts height platform segment in 2018, accounting for 45.8% share in terms of value, followed by more than 50’mts height and upto 30’mts height sub-segments, respectively.

Aerial Work Platform (AWP)  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Significant growth in global construction industry is expected to support the global aerial work platforms (AWP) market growth

Increasing number of commercial and residential projects coupled with rising development public infrastructure, especially in emerging economies such as India and China, are expected to create lucrative environment for the market growth. Growth of the global construction industry is matched by growing urbanization and increasing demand for construction equipment. This trend is likely to continue during the forecast period.

  1. Mechanizing aerial work platforms is another major trend in the market

Key companies in the market are focused introducing automation and self-propelled AWP lifts. Such lifts are safer, more productive, and more efficient than conventional aerial work platforms. However, these AWPs are relative more expensive and require high maintenance.

Regulations

For North America & Latin America

Proper Use and Safety Standards- ASC A92

The Scaffold Industry Association (SIA) planned ASC A92 standards that are applicable only to U.S. applications. These standards are mainly used by owners, manufacturers, dealers, operators, and users of AWP equipment. The primary aim behind the standards is to ensure safe and proper use of equipment and prevention injuries and accidents. Following standards are maintained under ASC A92

  • 2 Vehicle-mounted Elevating and Rotating Aerial Devices (trailer-mounted boom lift)
  • 3 Manually Propelled Elevating Aerial Platforms (push-around)
  • 5 Boom-supported Elevating Work Platforms (boom lifts)
  • 6 Self-propelled Elevating Work Platforms (scissor lifts)
  • 8 Vehicle-mounted Bridge Inspection and Maintenance Devices

Value Chain Analysis

Aerial Work Platform (AWP)  | Coherent Market Insights

Competitive Section

Key companies operating in the market are Linamar Corporation, JLG Industries, Inc., MEC Aerial Work Platforms, Terex Corporation, Tadano Ltd., Haulotte Group, Mtandt Limited, V-tech Hydraulics, Zhejiang Dingli Machinery Co, Ltd., and Snorkel International, Inc.

Key Developments

  1. Key companies are focused in product launches, in order to enhance their product portfolio. For instance, in September 2019, JGL Industries, Inc. a manufacturer of aerial work platforms, launched SkySense technology for most boom and scissor lifts.
  2. Key players are focused on partnerships, in order to gain competitive edge in the market. For instance, in May 2016, Linmar Skyjack Group partnered with Multicrane Perkaa, an authorized distributor for Skyjack’s range of AWP in Indonesia.

An aerial work platforms (AWP), cherry pickers, and other types of aerial lifts are mechanical devices that are used to provide mobile, safe alternative to ladder or scaffolding. Aerial work platforms are also referred as bucket trucks, articulating booms, aerial ladders, vehicle-mounted aerial device, or aerial ladder. AWPs are commonly used for maintenance and repair activities like fixing electrical, telephone, and cable lines or construction purposes. The vehicle is built with powerful articulating arm that can be bent and has an extended reach up to tall buildings, trees, and other infrastructure. The lift functions in it can be controlled by the operator at the control base of the unit on the work platform itself.

Market Dynamics

With the increase in number of accidents with workers and labors working on heights, governments of different countries are taking stringent actions for their safety. This is promoting use of AWP equipment. As the AWPs provide various safety features like slip resistant surface, high ground railings, etc., in order to work on greater height in the construction and commercial industries more safely. Although facing some challenges in form of maintenance cost, AWP market will be growing with the advent of latest technologies and its adoption in AWPs. Like the electric and hybrid lifts which are replacing the fuel operated traditional lifts and the costly maintenance thereby. Also, additional safety features are being loaded up like the Platform Load sense system which limits the load within safety standards, Dynamic Terrain Sensing alerts the operator when the angle of the chassis reaches operational limit.

With growing urbanization, growth of construction industry has been accelerated. AWPs find extensive applications in construction industry and so this could be potential market driver. Also AWP renting companies have been established as maintaining the AWPs may be costly for few construction companies.

Market Taxonomy

This report segments the global Aerial work platforms (AWP) market on the basis of product type, motive mechanism, ownership and region. On the basis of product type, the global Aerial work platforms (AWP) market is segmented into Boom Lifts {by Platform Height (Upto 60’, 60’ to 100’ and More than 100’), by Configuration (Straight Articulated and articulated), by Fuel type (Gas/Diesel, Electric, Hybrid)} and Scissors Lifts (Up to 30’, 30’ to 50’ and More than 50’). On the basis of motive mechanism, the market is segmented into self-propelled, manually propelled and Vehicle mounted. On the basis of ownership, the market is segmented into AWP Rental Service Providers and End user industries (Construction, Entertainment, Mining, Commercial, Manufacturing, Others). On the basis of region, the market is segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, Middle East & Africa (MEA) and Asia Pacific excluding Japan (APEJ)

Key features of the study:

  • This report provides an in-depth analysis of the Global Aerial work platforms (AWP) market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Aerial work platforms (AWP) market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study Linamar Corporation, JLG Industries, Inc., MEC Aerial Work Platforms, Terex Corporation, Tadano Ltd., Haulotte Group, Mtandt Limited, V-tech Hydraulics, Zhejiang Dingli Machinery Co, Ltd., and Snorkel International, Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global aerial work platforms (AWP) market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global aerial work platforms (AWP) market

Detailed Segmentation:

  •  Global Aerial work platforms (AWP) Market, By Product Type:
    • Boom Lifts
      • By Platform Height
        • Up to 60’
        • 60’-100’
        • More than 100’
      • By Configuration
        • Straight
        • Articulated
      • By Fuel Type
        • Gas/ Diesel
        • Electric
        • Hybrid
    • Scissor Lifts
      • Up to 30’
      •  30’-50’
      •  More than 50’
  • Global Aerial work platforms (AWP) Market, By Motive Mechanism:
    • Self-propelled
    • Manually propelled
    • Vehicle Mounted
  • Global Aerial work platforms (AWP) Market, By Ownership:
    • AWP Rental Service Providers
    • End-use industries
      • Construction
      • Entertainment
      • Mining
      • Commercial
      • Manufacturing
      • Others
  • Global Aerial work platforms (AWP) Market, By Region:
    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • Asia Pacific excluding Japan (APEJ)
    • Japan
    • Middle East & Africa (MEA)
  • Company Profiles
    • Linamar Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • JLG Industries, Inc.
    • MEC Aerial Work Platforms
    • Terex Corporation
    • Tadano Ltd.
    •  Haulotte Group
    • Mtandt Limited
    • V-tech Hydraulics
    • Zhejiang Dingli Machinery Co, Ltd. 
    • Snorkel International, Inc.

*Browse all the market data tables and figures on "Global Aerial work platforms (AWP) Market - Forecast to 2027”

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Motive Mechanism
      • Market Snippet, By Ownership
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Aerial work platforms (AWP) Market, By Product Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Boom Lifts
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
        • By Platform Height
            • Up to 60’
            • 60’-100’
            • More than 100’
          • By Configuration
            • Straight
            • Articulated
          • By Fuel Type
            • Gas/ Diesel
            • Electric
            • Hybrid
    • Scissor Lifts
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
      • Up to 30’
      • 30’-50’
      • More than 50’
  5. Global Aerial work platforms (AWP) Market, By Motive Mechanism, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Self-propelled
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Manually propelled
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Vehicle Mounted
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  6. Global Aerial work platforms (AWP) Market, By Ownership, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • AWP Rental Service Providers
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • End-use industries
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
      • Construction
      • Entertainment
      • Mining
      • Commercial
      • Manufacturing
      • Others
  7. Global Aerial work platforms (AWP) Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Motive Mechanism, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Ownership, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Motive Mechanism, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Ownership, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific (Excluding Japan)
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Motive Mechanism, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Ownership, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Motive Mechanism, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Ownership, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Motive Mechanism, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Ownership, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Israel
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
    • Japan
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Motive Mechanism, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Ownership, 2019–2027 (US$ Million)
  8. Competitive Landscape
    • Company Profiles
      • Linamar Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • JLG Industries, Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • MEC Aerial Work Platforms
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Terex Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tadano Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Haulotte Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Mtandt Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • V-tech Hydraulics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Zhejiang Dingli Machinery Co, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Snorkel International, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Aerial Work Platforms (AWP) Market - Global forecast to 2027”.

Frequently Asked Questions

The aerial work platforms (AWP) market is expected to be valued at US$ 16,251 million by 2027.
The aerial work platforms (AWP) market is expected to exhibit a CAGR of 6.0% over the forecast period (2019-2027).
Major players operating in the aerial work platforms (AWP) market include Linamar Corporation, JLG Industries, Inc., MEC Aerial Work Platforms, Terex Corporation, Tadano Ltd., Haulotte Group, Mtandt Limited, V-tech Hydraulics, Zhejiang Dingli Machinery Co, Ltd., and Snorkel International, Inc.
Lack of machine specific training among workers and high purchase and maintenance cost of AWPs are the major factors that are expected to hamper growth of the market over the forecast period.
The rising urbanization, growing construction industry, coupled with easy availability of lucrative financing options are the major factors that are expected to augment growth of the market over the forecast period.
Among regions, North America held a dominant position in the global aerial work platforms (AWP) market in 2018, accounting for 49.3% share, in terms of value, followed by Western Europe and Latin America, respectively.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner