The global aerial work platforms market size stood at around US$ 9,614.3 Mn in 2021, and is set to expand at a CAGR of 6.3% during the forecast period from 2022 to 2032. The global market is anticipated to reach a valuation of US$ 18,658.0 Mn by 2032.
Aerial work platform, also known as an aerial machine, bucket truck, or mobile elevating work platform, is a mechanical device that can provide equipment and people with temporary access to inaccessible locations, usually at height.
Aerial work platforms are frequently used to provide an autonomous work platform for various types of maintenance and construction work, including arboriculture. It is also used to initiate intensive overhead line maintenance work in the power and telecommunications industries.
Advanced features, including transport and access, as well as electrical outlets and compressed air hookups for power tools, may be found on innovative aerial work platforms. Additionally, some of the latest construction equipment platforms are equipped with window glass frames. Operators can frequently be lifted to a working position by underbridge units with the help of these frames.
The global aerial work platforms market holds about 23.12% of share in the global crane market, says FMI.
Boom lifts are more versatile than scissor lifts because they use a hydraulic arm to manoeuvre around obstacles. They can also reach higher altitudes than scissor lifts. The two most common types of boom lifts used in the construction and manufacturing industries are articulated and telescopic.
Demand for aerial access equipment is expected to grow steadily from 2022 to 2032 as construction activities increase and the warehouse industry continues to develop. Another important factor that would aid growth is rising demand for new residential properties in emerging economies.
According to FMI, the U.S. held around 66.3% of the North America aerial work platforms market share in 2021. The country is projected to generate a substantial share in terms of value in the next decade.
Rapid expansion of middle-class populations in developing countries and their high purchasing power are expected to push the demand for new commercial, as well as residential buildings. Thus, key companies are investing huge sums to innovate their existing product lines or to come up with new products.
For improved safety, platform load sensing features are being installed in all equipment in accordance with the new ANSI A92.20 requirements, along with active auxiliary guarding for operator protection. It is a major factor that is anticipated to bode well for the global market.
Aerial Work Platforms Market Outlook By Category
By Product Type:
- Boom Lifts
- Telescopic
- Articulating
- Trailer Mounted
- Self-Propelled
- Scissor Lifts
- Vertical Mast Lift
- Double Mast AWP
- Single Mast AWP
- Push Around and Spider Lifts
By Fuel Type:
- Gas / Diesel
- Electric
- Hybrid
By Platform Working Height:
- Below 10 Meters
- 10 to 20 Meters
- 20 to 30 Meters
- Above 30 Meters
By Sales Channel:
- OEM
- Rental Service Providers
By End Use:
- Construction
- Mining
- Transportation and Logistics
- Manufacturing
- Aerospace and Defence
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa
