Aerial Work Platform (AWP) Aftermarket size will experience a steady growth over the forecast timeline due to the adoption of safety standards related to AWP usage by government authorities across the globe. For instance, the new American National Standards Institutions (ANSI) A92.22 standard mandates all AWP users to develop site safety plans and assess the risk involved in using aerial lifts. The AWP aftermarket provides parts and accessories that allow enhanced safety to the workers on aerial sites. For instance, in 2017, Genie launched a secondary guarding system alarm that alerts operators about any obstruction with an AWP lift. The alarm continues to perform regularly and helps in lowering the risks of aerial lifts accidents.
The parts and accessories provided by the aftermarket vendors often take lesser time to install and increases worker productivity. High productivity and efficiency are necessities for construction companies to meet project timelines. For instance, in July 2018, CARE Ratings stated that nearly 75% of the central infrastructure projects are delayed in India. Aftermarket accessories, such as tool tray, help workers and operators to store their tools and fasteners in a convenient place, thus providing safe working conditions at elevated heights. Access decks attached to lift platforms provide an elevated 1m platform above the normal platform, allowing them to reach restricted spaces.
The availability of low-quality counterfeit parts and accessories for AWPs creates a hindrance for the aftermarket. Installation of low-quality parts often results in accidents or mishaps, thus hampering the growth of aftermarket products. To protect workers from accidents, construction & rental companies rely on OEMs to provide equipment and accessories. Additionally, the COVID-19 pandemic will also create restrictions for this market due to the halt of infrastructure projects to prevent the spread of the virus across the globe.
Increasing infrastructure projects in Asia Pacific will create an opportunity for the aftermarket industry. High infrastructure investments have allowed the procurement and usage of advanced machines for construction projects. The region is witnessing rising adoption of AWPs over conventional ladders due to productivity & efficiency benefits. Advanced technologies, such as IoT and Big Data, in AWP machines will also create an opportunity for the aftermarket. For instance, in 2017, JLG Industries collaborated with ORBCOMM, an IoT solutions company, to provide telematics solutions for JLG’s AWP equipment. The usage of IoT solutions will help JLG Industries to offer customers access to its machine’s operational data accessible through a mobile application. Sensors fitted on various parts and accessories of the machine will help customers to know about the health of the parts and provide timely updates on replacements.
The platform mesh segment will experience significant growth during the forecast timeline owing to its benefits in the MEWPs. It provides a screen outside the platform that helps in preventing objects and tools from falling at aerial worksites, which can endanger workers. Broad Carriers attached to the sides of scissor lift platforms will also experience steady growth. It aids in holding tools and piping to free up space on the platform, further reducing trip hazards for operators.
Boom lifts are gaining popularity across telecommunication, construction, and electrical industry applications, driving the AWP aftermarket growth. These lifts offer various advantages over traditional scissor lifts such as extra-range of movement, stable foundations, indoor applications, and high accessibility. The scissor lifts are gaining high adoption in the Asia Pacific region. These lifts are often helpful in carrying a much heavier load compared to the boom lifts. External aftermarket accessories, such as material carriers, can also be installed to increase the load capacity of the scissors lift, making them beneficial in construction sites.
The North America AWP aftermarket will hold the highest market share over the forecast period due to the various American standards adopted to ensure worker safety on construction sites. Technically advanced IoT solutions, such as the JLG Enhanced Detection System, in the aftermarket industry are making customers spend more in the aftermarket. Increased infrastructure projects in the Asia Pacific region will help the aftermarket to grow. For instance, in October 2019, the Asia Development Bank has reported that the ASEAN region will spend USD 3.1 trillion in 2020, which will increase from USD 2.8 billion in 2019. However, the huge impact of COVID-19 pandemic in Asia has limited infrastructure investments.
The AWP aftermarket includes several regional and international players providing parts, accessories, installation, and maintenance services for lifting machines. Some of the key players include Genie, JLG industries, AE Filters, Mitra Setia Group, Curtiss Wright, TVH, SkyGuard, MECAWP, and Provincial-Lift. These companies have relied on product innovation to acquire a higher market share. For instance, in March 2020, Genie launched the Genie Lift Tools 13 Ft Platform that enables operators to get more work done while operating at aerial heights. The platform increases work productivity by decreasing work time interruptions.
The above information has been provided for the following regions and countries: