Global Aerial Work Platform (AWP) Market, by Type (Boom Lifts (Telescopic, Articulating, Trailer Mounted, and Self-Propelled), Scissor Lifts, and Vertical Mass Lifts (Double Mast AWP and Single Mast AWP), Personal Portable Lifts)), by Fuel Type (Electric (Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts) and Engine Powered (Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts)), by Platform Height (Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, and Above 25 Meters), by Application (Construction & Mining, Government, Transportation & Logistics, Utility, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Global Forecast to 2028, is expected to be valued at US$ 15,805.6 million by 2028, exhibiting a CAGR of 7.8% during the forecast period (2021-2028), as highlighted in a report published by Coherent Market Insights.
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 platform (AWP) market is estimated to account for US$ 15,805.6 Mn by the end of 2028.
Rising demand for telecommunication and electrical lines is expected to drive growth of the global aerial work platform market during the forecast period
Rapid increase in data consumption, with expansion of Internet of Things (IoT), and emergence of fifth generation mobile networks (5G) is expected to lead to surge in installation of underground lines for the same, which in turn is expected to drive demand for aerial work platforms over the forecast period. For instance, in 2019, the New York State Public Service Commission approved a project of New York Power Authority (NYPA) - a Smart Path Transmission project to rebuild its existing 230-kV overhead transmission lines infrastructure. The Smart Path project involves rebuilding approximately 78 miles of the total 86-mile transmission artery that was constructed originally by the federal government in 1942. The first phase of the Smart Path project is expected to be completed in 2023. Moreover, GROUPE KLUBB, a France-based aerial work platform manufacturer, offers E-series aerial work platforms for live electrical line working applications such as electrical wire repairs, insulator replacement, dead end insulator strings retrofit, and jumpers connection. The E-series aerial work platforms offered by the company include- 30m insulated aerial lift E30P, 37.80m Insulated Aerial Lift E38P, 50m Insulated Aerial Lift E51P, and 67m Insulated Aerial Lift E67P. GROUPE KLUBB also offers KI series of hydraulic aerial platforms for electrical distribution rating up to 46 kV.
Unavailability of skilled personnel to operate the equipment is expected to hamper the global aerial work platform (AWP) market growth over the forecast period
The unavailability of skilled personnel to operate the equipment is one of the factors hampering the market growth. Modern aerial work platforms are made up of advanced technologies that need skilled workforce to operate and handle the equipment. When lifted to a certain height, the operator needs to handle the platform very carefully and skilfully to avoid accidents. Lack of trained professionals to operate specific machines may indirectly result in safety hazards as well as low production output. Such factors are expected to hamper the growth of the global aerial work platform market.
However, several aerial work platform manufacturers operating in the industry are offering operator training courses to address these challenges and enhance the market revenue.
Increased adoption of various sensors in aerial work platform (AWP)
Market players are incorporating sensors in aerial work platforms to help detect potential obstruction averting risk of accidents on site. Manufacturers of booms, scissor lifts, and telehandlers continuously work on ways to improve the safety and productivity of machines. Sensor technology is capturing the industry’s attention, helping machines become safer and more intuitive than their predecessors.
Manufacturers offer aerial work platforms equipped with various sensors such as position sensors, angle sensors, etc. For the purpose of operating the telescopic boom within the safety angle range to avoid the overturning of the vehicle by the weight of the boom and the aerial platform, many position sensors are installed on the telescopic boom. The multi-turn position sensor is used for the detection of boom length of the telescopic boom. For monitoring and detecting the operating angle of the boom, inclinometer or angle sensor is used.
Global Aerial Work Platform (AWP) Market- Impact of Coronavirus (Covid-19) Pandemic
Due to COVID-19 pandemic, the demand for aerial work platforms from the end-use industries such as construction, mining, and transportation & logistics has reduced and most of the aerial work platform players experienced disturbance in supply chain mainly in the U.S. and Canada
Construction and logistics companies have been directly affected by the COVID-19 pandemic due to shortage of manpower and supply of raw materials. Unavailability of workers and issues in the transportation of goods have restricted demand for aerial work platforms in the construction industry. Additionally, countries in North America have banned international and domestic travel which has hampered demand for aerial work platforms, as these are used for maintenance and safety of aircraft.
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Key players operating in the global aerial work platform (AWP) market include Toyota Industries Corporation, CTE, Dinolift, Terex Corporation, Haulotte Group, Holland Lift International bv, Hunan Sinoboom Heavy Industry Co. Ltd., IMER International SpA, J C Bamford Excavators Ltd., Oshkosh Corporation, Linamar, Manitou Group, MEC, Niftylift (UK) Limited, PALFINGER AG, Snorkel, SOCAGE, Tadano Ltd., TEUPEN, Zhejiang Dingli Machinery Co, Ltd., and Zoomlion Heavy Industry Science & Technology Co., Ltd.