Aerial Work Platform Market Estimated At USD 25.91 Billion By 2028


 San Francisco, 12 Nov 2021: The Report Aerial Work Platform Market Size, Share & Trends Analysis Report By End Use (Rental, Construction & Mining), By Engine Type (Electric, Engine-powered), By Product Type (Boom Lifts, Scissor Lifts), And Segment Forecasts, 2020 - 2028

The global aerial work platform market size is anticipated to reach USD 25.91 billion by 2028, registering a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. The rising demand for aerial work platforms (AWPs) is attributed to their widespread utilization in end-use industries, such as construction, transportation & logistics, retail, storage, and warehouse. Increasing construction activities across the globe are expected to open new growth avenues for the market. Rising government investments in the construction of residential buildings, commercial complexes, and public transport infrastructure, are expected to propel the demand for aerial lifts over the forecast period.

Recent years have witnessed a positive trend in the demand for different types of AWPs, especially boom lifts and scissor lifts, in various end-use industries, such as construction, retail stores & warehouses, and transportation & logistics. These aerial platforms reduce human efforts to a large extent and help reach inaccessible heights with comfort. The global market exhibits the dominance of well-established players, such as Terex Corp., MEC, Aichi Corp., Haulotte Group, and Linamar Corp. The established players in the industry exhibit higher sales and a broader distribution network along with a wider product line.

Access Research Report of Aerial Work Platform Market @ https://www.grandviewresearch.com/industry-analysis/aerial-work-platform-market

Aerial Work Platform Market Report Highlights

  • The electric AWP accounted for the largest revenue share in 2020 due to the increased product demand in the indoor maintenance and repair activities
  • The demand for boom lifts is expected to grow at the fastest CAGR of 6.8% over the forecast period owing to their ability to maneuver various obstacles, especially in repairing electric utilities and construction-related activities
  • The demand for AWP in the transportation and logistics sector is projected to register the fastest CAGR during the forecast period owing to the increasing number of warehouses and logistic centers around the globe
  • Asia Pacific is estimated to witness the maximum growth rate over the forecast period on account of the rising construction activities in ASEAN countries along with the growing e-commerce sector in the region
  • The market is expected to be spurred by technological advancements, such as Genie’s launch of E-Drive slab scissor lifts, which run on an optimized AC electric drive system to achieve emission-free and clean operations in compact premises, such as hospitals, gymnasiums, and supermarkets

List of Key Players of Aerial Work Platform Market

  • Terex Corp.
  • MEC
  • JLG Industries
  • Galmon (Singapore)
  • Aichi Corp.
  • EdmoLift AB
  • Wiese USA
  • Linamar Corp.
  • Advance Lifts, Inc.
  • Haulotte Group

Access Press Release of Aerial Work Platform Market @ https://www.grandviewresearch.com/press-release/global-aerial-work-platform-market

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein retail stores, restaurants, and hot
Read more