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    Aerial Work Platform Market | Covid-19 Impact Analysis

    Aerial Work Platform Market | Covid-19 Impact Analysis

    Aerial Work Platform Market | Covid-19 Impact Analysis
    Report code - SRCE214 Delivery - 2 Weeks
    Aerial Work Platform Market Size, Share, Trend, Forecast, & Industry Analysis – See more...
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    Impact of COVID-19 on Aerial Work Platform Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aerial Work Platform Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aerial Work Platform Market Insights

    Aerial work platform market is likely to witness an impressive CAGR of 5.8% during the forecast period. The major factors contributing towards the growth of the aerial work platform market are increasing investments in real-estate sector, increasing government investment in the private sector, and growing infrastructure development, especially in the Asia-Pacific region.

    Aerial Work Platform Market - Snapshot

    Growth

    5.8% for the next five years

    Major Product Type

    Boom Lifts

    Dominant End User Type

    Construction

    Major Engine Type

    Electric

    Region with the highest demand

    North America

    Key Players

    Advance Lifts, Inc., Aichi Corporation, EdmoLift AB, Galmon (S) Pte

    Ltd, Haulotte Group, JLG Industries, Linamar Corporation, MEC

    Aerial Work Platforms, Terex Corporation, and Wiese USA.

     

    Market Share Analysis

    Aerial-Work-Platform-Market-Dominant-Segments

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    Aerial Work Platform Market Share: By Product Type

    Based on the product type, the market is segmented as boom lifts, scissor lifts, vertical mast lifts, and personal portable lifts. Boom lifts held the largest share of the market in 2019, due to their versatile nature as they can be used from utilities and construction to storage and shipping industries.

    Aerial Work Platform Market Share: By End-User Type

    Based on the end-user type, the aerial work platform market is segmented as construction, retail, storage, and warehouses, transportation and logistics, and others. The construction segment dominated the market in 2019. Aerial work platforms are majorly used in maintenance and construction of mining infrastructure and high demand for new infrastructure investment in the metals and mining sector is likely to drive the segment’s market.

    Aerial Work Platform Market Share: By Engine Type

    Based on the engine type, the aerial work platform market is segmented as electric and engine-powered. The electric aerial work platform segment dominates the market and is likely to grow at an excellent rate in the coming years, due to the increasing demand for maintenance and repair services in the residential construction sector.

    Aerial Work Platform Market Share: By Region

    In terms of regions, North America dominated the aerial work platform market in 2019, whereas Asia-Pacific is expected to grow at the fastest pace during the forecast period. China and India are the key growth engines of the Asia-Pacific’s market. Europe is also expected to offer lucrative growth opportunities during the forecast period.

    Aerial-Work-Platform-Market-By-Region

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    Some of the major aerial work platform manufacturers are- 

    • Advance Lifts, Inc.
    • Aichi Corporation
    • EdmoLift AB
    • Galmon (S) Pte Ltd
    • Haulotte Group
    • JLG Industries
    • Linamar Corporation
    • MEC Aerial Work Platforms
    • Terex Corporation
    • Wiese USA.

     

    Market Scope & Segmentation

    An aerial work platform (AWP), also acknowledged as an aerial device is a mechanical device employed to provide momentary access for people or equipment to unreachable areas, usually at some height. These are generally used for upkeep and construction work or by firefighters for emergency access.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Aerial Work Platform Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The aerial work platform market is segmented into the following categories. 

    Aerial Work Platform Market Size, Share, & Forecast, by Product Type:

    • Boom Lifts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Scissor Lifts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vertical Mast Lifts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Personal Portable Lifts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerial Work Platform Market Size, Share, & Forecast, by End-User Type:

    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Retail, Storage, and Warehouses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation and Logistics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerial Work Platform Market Size, Share, & Forecast, by Engine Type:

    • Electric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Engine-Powered (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerial Work Platform Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Aerial-Work-Platform-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Aerial Work Platform Market in the foreseeable future?

    The aerial work platform market is expected to witness an impressive growth of 5.8% CAGR in the foreseeable future.

    Who are the key players in the Aerial Work Platform Market?

    Advance Lifts, Inc., Aichi Corporation, EdmoLift AB, Galmon (S) Pte Ltd, Haulotte Group, JLG Industries, Linamar Corporation, MEC Aerial Work Platforms, Terex Corporation, and Wiese USA are among the key players in the aerial work platform market.

    Which country/region is expected to grow at fastest pace in the Aerial Work Platform Market?

    Asia-Pacific is expected to grow at the fastest pace in the aerial work platform market during the next five years.

    What are the major factors driving the Aerial Work Platform Market?

    The major factors contributing towards the growth of the aerial work platform market are increasing investments in real-estate sector, increasing government investment in the private sector, and growing infrastructure development.

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