Global Aerial Work Platform Market

Global Aerial Work Platform Market Size, Share, Growth Analysis, By Product(Boom Lifts, Scissor Lifts), By Propulsion Type(ICE, Electric), By Lifting Height(Less than 20 ft, 21-50 ft), By Application(Construction, Utilities) - Industry Forecast 2024-2031

Report ID: SQMIG20G2023 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 118 | Figures: 77

Global Aerial Work Platform Market News

  • In March 2024, German aerial lift manufacturer Ruthmann GmbH & Co. KG, teamed up with Time Manufacturing Inc., Waco, Texas, which will market Ruthmann truck-mounted aerials in North America, along with Time’s own Versalift and Condor aerial lifts. 
  • In March 2024, Manitou Group announced the launch of a new range of scissor lifts in order to offer innovative models in the most important segment of the market, and thus provide a complete range of self-propelled aerial work platforms. 
  • In February 2024, MEC announced the launch of the DualReach 85-J Boom for lifting, transporting and operation in out-of-reach areas of the jobsite. This equipment is capable of switching between Telescopic Mode and Articulated Mode. 
  • In March 2022, Haulotte teamed up with Jungheinrich AG, a producer of material handling machinery & aerial lift systems. The collaboration aims to open new retail and customer service centers in Norway. 
  • In October 2021, J.C. Bamford Excavators Limited's subsidiary, JCB India Pvt Ltd, introduced a new line of electric scissor lifts, including the S2632E, S1930E, S3246E, & S4046E. 
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Global Aerial Work Platform Market size was valued at USD 17.46 billion in 2022 and is poised to grow from USD 19.01 billion in 2023 to USD 37.61 billion by 2031, growing at a CAGR of 8.90% during the forecast period (2024-2031). 

Key manufacturers place a strong emphasis on providing quality-certified technology to ensure worker safety and protection. Companies are additionally making investments in the research and development of high-quality AWPs. Furthermore, industry participants engage in mergers and acquisitions to broaden their footprint and increase market share. For example, MEC announced the release of the new electric NANO10-XD in February 2023. Using its all-electric lift, steer, & drive system, this compact lift is meant to reduce environmental impact by reducing the chance of oil leaks. 'JLG Industries, Inc. (Oshkosh Corporation)', 'Genie (Terex Corporation)', 'Haulotte Group', 'Skyjack (Linamar Corporation)', 'Aichi Corporation', 'Snorkel', 'Niftylift', 'Teupen', 'Manitou Group', 'Holland Lift International B.V.', 'Riwal', 'Bronto Skylift', 'CTE Group', 'Tadano Ltd.', 'Ruthmann GmbH & Co. KG', 'Dinolift Oy', 'Socage Srl', 'Oil & Steel', 'Platform Basket', 'Palfinger Platforms'

The growth of the aerial work platform market is driven by the increasing construction activities and infrastructure development projects worldwide. Aerial work platforms provide efficient and safe access to heights, facilitating construction, maintenance, and repair tasks.

Growing Demand for Electric Aerial Work Platforms: There is an increasing focus on environmental sustainability and reduced emissions in the construction and industrial sectors. As a result, there is a rising demand for electric aerial work platforms that offer zero or low emissions, reduced noise levels, and improved energy efficiency.

North America has a significant share of the market of more than 38.0% in 2023. This expansion might be ascribed to the fast-growing investments in the building of various business and residential complexes. Furthermore, the IT and telecom sectors in the United States and Canada are anticipated to promote the use of AWPs for setting up telecommunications towers and servicing and repairing operations at great heights; thus, the growth of the supply chain and logistics industry has led to the creation of distribution centers, warehouses, and retail locations, augmenting the demand for AWPs. The US market is predicted to grow fast during the forecast period due to factors such as rapid investment in logistics businesses and rapid infrastructure development of renewable energy systems.

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