Aerial work platform truck market
Aerial Work Platform (AWP) Truck Market, By Type (Boom lifts, Scissor lifts, Vertical mast lifts, and Personal portable lifts), by Power Type (Electric and Engine Powered), By Platform (Below 10 M, 10-20 M, 20-30 M, and Above 30 M), By Application (Rental, Construction and Mining, Government, Telecommunication, Transportation & Logistics, Utility, and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Jan 2023
- CMI4291
- 150 Pages
- Excel & Pdf
- Construction Engineering
Aerial Work Platform or elevating work platform is a device that is used to provide temporary access for operators or equipment to unreachable areas. Aerial Work Platform (AWP) truck is designed to lift limited weight usually less than a ton and capable of being set up and operated by a single person. AWP trucks are used for various purposes such as maintenance and construction work or by firefighters for emergency access, which differentiates them from permanent access equipment (PAE) such as elevators and cranes. AWP trucks are used in construction, transportation, and other infrastructure and many government projects. They are safe and convenient device which make them useful for construction and maintenance operations. These factors are expected to drive market growth during the forecast period.
The global aerial work platform (AWP) truck market was valued at US$ 11643.3 Mn in 2021.
Recent Developments:
- Major companies are focused on product launches, in order to enhance the market presence. For instance, in September 2022, Zhejiang Dingli Machinery Co, Ltd., a design and manufacturer of aerial work platform products, has launched 34m Electric/Diesel Modular Booms an aerial work platform truck.
- Major market players are involved in capacity and business expansion, in order to gain a competitive edge in the market. For instance, in November 2021, Altec Industries, an equipment and service provider for the electric utility and telecommunications has announced to expand their shop service network in Corona, U.S. to offer shop and mobile service.
Aerial Work Platform (AWP) Truck Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 11643.3 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 11.2% | 2030 Value Projection: | US$ 29747.7 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
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. |
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Growth Drivers: |
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Restraints & Challenges: |
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Restraint:
- High maintenance cost of aerial work platform (AWP) trucks is expected to restrain growth of the global Aerial Work Platform (AWP) Truck Market during the forecast period
Global Aerial Work Platform (AWP) Truck Market- - Impact of Coronavirus (Covid-19) Pandemic:
The COVID-19 pandemic had slow down the growth of the market during the forecast period. Several industries had experienced a shift in their businesses due to the pandemic. And several governments across the globe have imposed lockdowns to contain the spread of the coronavirus which had impacted the growth of the oil industry. So many oil production companies had to suspend their operations temporarily. Moreover, Aerial work platform (AWP) trucks which used in the oil industry to replace ladder and scaffolding to enhance safety in the workplace got hampered due to pandemic and it also hampered demand for aerial work platform (AWP) trucks in the market. Moreover, unavailability of labor and issues in the transportation of goods have restricted demand for aerial work platform trucks in construction industry. Hence global aerial work platform (AWP) truck market witness slow growth during the pandemic.
North America held a dominant position in the global aerial work platform (AWP) truck market in 2021
Statistics:
North America region dominated the global aerial work platform (AWP) truck market in 2021, accounting for a 34.2% share in terms of value, followed by Asia Pacific, Europe, and Latin America, respectively
Figure 1: Global Aerial Work Platform (AWP) Truck Market Share (%), By Region, 2021
North America is expected to account for the largest market share during the forecast period owing to presence of key players in the region such as Linamar Corporation, Manitex International, JLG Industries, Inc., Altec Industries and others. For instance, JLG Industries, Inc., a U.S. based manufacturer of lift equipment, launched new-generation of rough-terrain (RT) and electric rough-terrain (ERT) scissor lifts. The scissor lifts are used to ensure comfortable operation and transportation of tools and material to the work area. The scissor lifts are used in warehouse construction to bring necessary utilities to the height.
Figure 2: Global Aerial Work Platform (AWP) Truck Market (US$ Mn) Analysis and Forecast, 2017 - 2030
The global aerial work platform (AWP) truck market was valued at US$ 11643.3 Mn in 2021 and is expected to reach US$ 29747.7 Mn by 2030, growing at a CAGR of 11.2% between 2022 and 2030.
Major players operating in the global automotive Pumps market include 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.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Power Type
- Market Snippet, By Platform
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of COVID-19 Pandemic
- Market Dynamics
- Global Aerial Work Platform (AWP) Truck Market, By Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Boom Lifts
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Scissor Lifts
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Vertical mast lifts
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Personal portable lifts
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Aerial Work Platform (AWP) Truck Market, By Power Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Electric
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Engine Powered
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Aerial Work Platform (AWP) Truck Market, By Platform, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Below 10 M
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- 10-20 M
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- 20-30 M
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Above 30 M
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Aerial Work Platform (AWP) Truck Market, By Application, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Rental
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Construction and mining
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Government
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Telecommunication
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Transportation & Logistics
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Utility
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Aerial Work Platform (AWP) Truck Market, By Region, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Power Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Platform , 2017–2030, (US$ Million)
- Market Size and Forecast, By Application, 2017–2030, (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Power Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Platform , 2017–2030, (US$ Million)
- Market Size and Forecast, By Application, 2017–2030, (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.K.
- Germany
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Power Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Platform , 2017–2030, (US$ Million)
- Market Size and Forecast, By Application, 2017–2030, (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Power Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Platform , 2017–2030, (US$ Million)
- Market Size and Forecast, By Application, 2017–2030, (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast, By Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Power Type, 2017–2030, (US$ Million)
- Market Size and Forecast, By Platform , 2017–2030, (US$ Million)
- Market Size and Forecast, By Application, 2017–2030, (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
- Introduction
- Competitive Landscape
- Company Profiles
- XCMG Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- SANY Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Zoomlion Heavy Industry Science&Technology Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- AICHI CORPORATION
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Altec Industries
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Bronto Skylift
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hunan RUNSHARE Heavy Industry Company, Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Dinolift
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- HAULOTTE GROUP
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hunan Sinoboom Intelligent Equipment Co, Ltd.
- 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
- Manitou Group, Niftylift (UK) Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Skyjack
- 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
- Linamar Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Manitex International
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- XCMG Group
- Analyst Views
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Global Aerial Work Platform (AWP) Truck Market- Global forecast to 2030”.
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
- By Type:
- Boom lifts
- Scissor lifts
- Vertical mast lifts
- Personal portable lifts
- By Power Type:
- Electric
- Engine Powered
- By Platform:
- Below 10 M
- 10-20 M
- 20-30 M
- Above 30 M
- By Application:
- Rental
- Construction and mining
- Government
- Telecommunication
- Transportation & Logistics
- Utility
- Others
- By Country:
- U.S.
- Canada
- By Type:
- Europe
- By Type:
- Boom lifts
- Scissor lifts
- Vertical mast lifts
- Personal portable lifts
- By Power Type:
- Electric
- Engine Powered
- By Platform:
- Below 10 M
- 10-20 M
- 20-30 M
- Above 30 M
- By Application:
- Rental
- Construction and mining
- Government
- Telecommunication
- Transportation & Logistics
- Utility
- Others
- By Country:
- Germany
- Italy
- U.K.
- France
- Russia
- Rest of Europe
- By Type:
- Asia Pacific
- By Type:
- Boom lifts
- Scissor lifts
- Vertical mast lifts
- Personal portable lifts
- By Power Type:
- Electric
- Engine Powered
- By Platform:
- Below 10 M
- 10-20 M
- 20-30 M
- Above 30 M
- By Application:
- Rental
- Construction and mining
- Government
- Telecommunication
- Transportation & Logistics
- Utility
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Type:
- Latin America
- By Type:
- Boom lifts
- Scissor lifts
- Vertical mast lifts
- Personal portable lifts
- By Power Type:
- Electric
- Engine Powered
- By Platform:
- Below 10 M
- 10-20 M
- 20-30 M
- Above 30 M
- By Application:
- Rental
- Construction and mining
- Government
- Telecommunication
- Transportation & Logistics
- Utility
- Others
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Type:
- Middle East and Africa
- By Type:
- Boom lifts
- Scissor lifts
- Vertical mast lifts
- Personal portable lifts
- By Power Type:
- Electric
- Engine Powered
- By Platform:
- Below 10 M
- 10-20 M
- 20-30 M
- Above 30 M
- By Application:
- Rental
- Construction and mining
- Government
- Telecommunication
- Transportation & Logistics
- Utility
- Others
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- By Type:
- North America