Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Aerial Work Platforms Market (By Product: Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts; By Type: Electric, Engine Powered; By Platform Height: Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, Above 25 Meters; By Application: Rental, Construction & Mining, Government, Transportation & Logistics, Utility) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, March 08, 2019 (GLOBE NEWSWIRE) -- The international Aerial Work Platforms market is witness to grow with 9% CAGR between the year 2018 to 2025 and the market is expected to garner USD 16 billion by 2026. Rising adoption of Aerial Work Platform (AWP) in infrastructure development projects is expected to drive market growth during the forecast period.
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Applications of Aerial Work Platform (AWP) in risk reduction at workplaces
To work at heights is one of the risky work area for workers. Also, the increasing activities involved in the areas of maintenance & repairs atareas such as high tension power lines and disaster management operations is predicted to accelerate the demand of AWPs. The risky operational areas are some of the keyfactors due to which the adoption of Aerial Work Platform (AWP) is increasing as it helps to operate easily at required height by providing temporary access to the workers.
Growing need of efficient work process optimization by using advanced devices such as Aerial Work Platforms is one of the key factor responsible for the growth of the market. Also, the rapid growth in sector such as power, infrastructure and others is leading to rising activities such as repair and maintenance at global level. These are some of the major factors which are boosting the adoption of aerial work platforms and is propelling the market development.
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The AWP is witnessing increasing popularity due to the integration of advanced technical features, such as telematics, sensors, and CAN bus, as with integration of these technologies the safety levels are improved than the traditional platforms. From the past few years, the aerial work platform manufacturers are leveraging combination of such technologies and machines as it is improving the operational efficiency. For example, the integration of CAN bus technology the combination of various controllers and sensors is offered and this is becoming one of the emerging operational features for the benefits of workers.
The global (AWP) Aerial Work Platforms Market is segmented on the basis of product, type, platform height, application, and region. By product segment, the market is categorised into boom lifts, scissor lifts, vertical mass lifts, personal portable lifts. By type segment, the market is categorised into electric, engine powered. By platform height, the global Aerial work platform (AWP) market is segmented into Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, Above 25 Meters. By Application segmented, the global market is segmented into Rental, Construction & Mining, Government, Transportation & Logistics, Utility. On the basis of region the global Aerial Work Platform(AWP) market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.
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Asia Pacific region is expected to register significant CAGR growth rate over the estimate time frame by account of multiple macro-economic factors such as rapid industrialization and increasing focus of businesses towards improving speed, efficiency, and safety for conducting the manual work activities on field. The aerial work platforms are types of access providing equipment. The access equipment are increasingly utilized in various application areas such as manufacturing plants, factories, and other areas for material handling applications. In terms of demand and consumption, North America was the key region regarding in global aerial work Platform (AWP) market and expected to hold significant market share in 2018. The rapid growth in infrastructural projects at the commercial as well as residential areas is one of the prime factor resulting into growth of aerial work Platform (AWP) demand. Also, availability of potential disposable income and quick adoption of equipment such as aerial work Platform (AWP) to maintain secure and safe working environment for workers is boosting the adoption of these platforms in this region. Europe region is expected to hold second position in terms of volume utilization of the aerial work Platform (AWP) as the industries in this region are also more inclined towards the workplace safety improvement and workflow process optimization to maintain an efficient process.The fact that aerial work platforms plays an important role in telecommunication industry for conducting operations such as installation, maintenance, and other inspections of telecom poles, connection lines, and others.
Some of the key players catering to the global (AWP) Aerial Work Platforms market includes Manitou, JLG Industries, Inc.,Haulotte, Tadano, Altec, Snorkel, Aichi Corporation, Niftylift., Ruthmann,Skyjack, Time Benelux, Teupen, BrontoSkylift, and Terex Corporation.
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