Business news

Aerial Work Platform (AWP) Market Historical and Future Outlook By 2022

Aerial work platforms might even have advanced features including access and transport, electrical outlets, and compressed air connectors for power tools. It can also be fitted with specialized equipment, such as window glass frames and underbridge units for lifting operators to a certain height required for any working location.

An aerial paintings platform (AWP) marketplace is normally used for all kinds of preservation and creation activities, specifically whilst it wishes to be achieved at a sure peak. It is used extensively in keeping overhead traces inside the electricity and telecommunications and arboriculture industries.

According to the India Brand Equity Foundation (IBEF), the private equity and venture capital investment in infrastructure touched US$ 14.5 Bn in 2019 in India. Besides this, India plans to invest nearly US$ 1.4 trillion in infrastructure development and expansion between 2019 and 2023, which will present a highly lucrative growth for the expansion of the AWP market.

Besides new production, AWP’s utility is taken into consideration as indispensable for preservation works. The want for improving, retaining, and maintaining present properties within the housing sector is fuelling the call. Considering this, growth of the actual property area and growing investment in belongings improvement will grow to be key boom drivers. While growth within the market becomes limited in 2020 due to the exceptional COVID-19 outbreak, recuperation is anticipated with the recovery of actual property and creation sectors.

Some of the leading companies are focusing on design improvements and research & development activities as a part of their key strategy to gain a competitive advantage. For instance, the JLG Enhanced Detection System (IDS) has expanded upon its Soft Touch System, giving notifications on approaching obstructions while bringing the machine to a halt before it makes contact.

Growing infrastructure investment the world over will improve commercial potentialities for aerial work platforms. Because the creation zone remains a key cease consumer, stagnancy in production sports, particularly throughout evolved markets might flatten increase prospects. Way to the bustling counterpart in rising nations, the overall call is anticipated to boom appreciably in the coming years.

Some of the leading companies operating in the market are:

  • Terex Corporation
  • J C BAMFORD EXCAVATORS Ltd.
  • Aichi Corporation
  • Haulotte Group
  • Linamar Corporation
  • Hunan Sinoboom Heavy Industry Co. Ltd.
  • Manitou Group
  • Tadano Limited
  • Zhejiang Dingli Machinery Co., Ltd.
  • OSHKOSH CORPORATION
  • MEC AERIAL WORK PLATFORMS
  • PALFINGER AG
  • IMER INTERNATIONAL SpA
  • MANTELL HEAVY INDUSTRY CO., LTD
  • NOBLELIFT INTELLIGENT EQUIPMENTCO., LTD

Request a PDF Brochure

To Top

Pin It on Pinterest

Share This