(COVID 19 Impact Analysis) Aerial Work Platform (AWP) Market research report Data Highlighting Major Vendors

(AWP) Aerial Work Platforms Market size is expected to exceed USD 18 billion by 2026. The rising demand for aerial work platforms in the telecom industry for electrical line repair, telephone wire, and transformer maintenance activities will propel the (AWP) Aerial Work Platforms Market size. Moreover, the positive outlook of the global construction industry is anticipated to surge the market demand.

The growing demand for vertical mast lifts across various industry verticals such as retail centers, public buildings, and airports for maintenance application is creating opportunities for market expansion. These lifts are witnessing a demand in maintenance applications, such as shelving, duct repair, and managing assembly lines, owing to their high portability and compact size compared to other (AWP) Aerial Work Platforms Market models.

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The (AWP) Aerial Work Platforms Market industry is driven by rising demand for electric access platforms for sustainable, efficient, and productive operations. The emergence of lightweight and durable electric AWPs is increasing the market demand. Moreover, the innovation of electric aerial platforms with reduced charging time and longer runtime features will propel AWP market size over the forecast timeline. Increasing government initiatives for the adoption of sustainable lifting solutions are strengthening the product demand. Companies, such as JLG and Genie, are launching electric-powered aerial platforms to support the market trend.

Increasing usage of access platform of above 25m height for outdoor construction and industrial applications is strengthening the demand for (AWP) Aerial Work Platforms Market products. AWPs above 25m are equipped with flat telescopic booms to perform heavy lifting activities in complex conditions. The emergence of tight turning radius AWPs coupled with zero tail swing feature for better maneuverability is creating new market opportunities. The companies such as Genie, Aichi Corporation are offering aerial lift with 25 meters height powered by diesel and electric engine.

Rising demand for aerial lifts for construction of new power plants across the globe is creating opportunities for the AWP market. Increasing powerplant management projects is augmenting the demand for aerial platform solutions. The (AWP) Aerial Work Platforms Market is driven by growing government initiatives for development of nuclear powerplants. Insulated aerial lifts are used for installing and maintaining electric-powered transmission grids. Access platform is being used for indoor powerplant installation and maintenance applications that include electronic and pneumatic machines equipped for power generation.

The North America (AWP) Aerial Work Platforms Market is estimated to grow over the forecast timeline owing to increasing commercial and residential construction projects. Government authorities are making investments in urban residential building projects, providing positive outlook for the regional construction industry. Moreover, the emerging IT & telecom sector in North America is supporting the adoption of access platforms to perform frequent maintenance operations.

The market players are innovating new products and expanding their sales network to enhance their geographical presence. The industry players are launching advanced AWP products to increase their offerings. For instance, in February 2019, JLG Industries, Inc. announced the launch of mobile control app for R Series Scissor Line. The software allows operators to drive, steer, and load scissor lifts using the mobile application platform.

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Some major findings of the (AWP) Aerial Work Platforms Market report include:

  • Aerial work platforms are primarily used for building maintenance, construction, and painting activities across various industry verticals
  • Rising urbanization coupled with increasing consumer disposable income across North America and Asia Pacific is supporting the demand for AWP in construction applications
  • The construction equipment rental services are gaining high popularity in Asia Pacific countries including China, South Korea, Japan, and India due to their low cost and enhanced flexibility
  • The rising adoption of electric-powered AWP for sustainable construction practices is strengthening the market demand for access platforms
  • Key players operating in the AWP market are JLG Industries, Manitou Group, Terex Corporation (Genie), Aichi Corporation, Zhejiang Dingli, and Zoomlion Heavy Industry Science and Technology Co. Ltd.
  • To sustain in the competitive market, players are focusing on maintaining public relations, technological advancements, and innovation strategies. They are offering products integrated with mobile control apps for feasible operation to gain more customers.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology and Scope

1.1.  Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2.  Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2.   (AWP) Aerial Work Platforms Market Summary

2.1.  South Korea AWP rental industry 360° synopsis, 2015 – 2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

Chapter 3.   (AWP) Aerial Work Platforms Market Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2015 – 2025

3.2.1. Rental landscape

3.2.1.1.    Pros and cons – rent vs purchase AWPs

3.2.1.2.    Cost calculator – rent vs purchase AWPs

3.3.  Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Manufacturers

3.3.3. Distribution channel analysis

3.3.4. End-use landscape

3.3.5. Vendor matrix

3.4.  Technology & innovation landscape

3.5.  Regulatory landscape

3.5.1.1.    OSHA 29 CFR 1926.21

3.5.1.2.    ANSI/SAIA A92.2-2015

3.5.1.3.    ANSI/SAIA A92.5-2006 (R2014)

3.5.1.4.    ISO 4310

3.5.1.5.    ISO 12480-1

3.5.1.6.    ISO 23815-1

3.5.1.7.    ISO 12482

3.5.1.8.    Construction Technology Promotion Act

3.5.1.9.    Construction Machinery Management Act

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.    Increasing infrastructure investments in the country

3.6.1.2.    Increasing rate of urbanization

3.6.1.3.    Growing demand for AWPs

3.6.1.4.    Growing reconstruction and maintenance activities

3.6.2. Industry pitfalls & challenges

3.6.2.1.    Optimizing fleet utilization

3.6.2.2.    Lack of awareness

3.7.  Rental rates, by product

3.7.1. Boom lift

3.7.2. Scissor lift

3.7.3. Vertical mast lift

3.7.4. Personal portable lift

3.8.  Rental utilization rate, by product, 2015 – 2025

3.8.1. Boom lift

3.8.2. Scissor lift

3.8.3. Vertical mast lift

3.8.4. Personal portable lift

3.9.  Growth potential analysis

3.10.        Porter’s analysis

3.10.1.  Supplier power

3.10.2.  Buyer power

3.10.3.  Threat of new entrants

3.10.4.  Threat of substitutes

3.10.5.  Internal rivalry

3.11.      Competitive landscape, 2018

3.11.1.  Company market share analysis, by revenue, 2018

3.11.2.  Company market share analysis, by fleet size, 2018

3.11.3.  Strategic dashboard

3.12.      PESTEL analysis

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