Home > HVAC & Construction > Aerial Work Platform (AWP) Market

Aerial Work Platform (AWP) Market Size By Product (Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts), By Type (Electric, Engine-Powered), By Platform Height (Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, Above 25 Meters), By Application (Rental, Construction & Mining, Government, Transportation & Logistics, Utility), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI689
  • Base Year: 2020
  • Report Format: PDF

Industry Trends

Aerial Work Platform (AWP) Market size exceeded USD 6.5 billion in 2020 and is expected to grow at 8.5% CAGR from 2021 to 2027. Global shipments are anticipated to reach around 300,000 units by 2027. Market data shows high growth potential for aerial work platforms due to rising worker safety concerns across the globe.

Aerial Work Platform (AWP) Market

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The introduction of advanced technologies, such as tilt sensors and automatic self-checking instruments in AWP will augment the industry growth. Tilt sensors generate timely warnings and halt the machine operation when operators exceed safety guidelines. Increasing innovations and advancements in the equipment to enhance product capability and operational performance will propel AWP demand.

Increasing public infrastructure construction and renovation activities is likely to propel the AWP market size. Increasing investments by governments and airport authorities for the development and construction of new airports are key driving factors. Similarly, ongoing railway development projects, such as the Rail Baltica greenfield railway infrastructure project in Europe, will provide market growth opportunities.

Factors hampering the market demand include the unavailability of skilled personnel to operate the equipment. These platforms are deployed to raise workers to elevated levels and ensure safety from fall hazards. The unavailability of trained operators to ensure safe and reliable operation of the equipment will hamper the market outlook. However, several AWP manufacturers operating in the industry are offering operator training courses to address these challenges and enhance the market revenues.

The AWP market was adversely impacted in the year 2020 due to the emergence of the COVID-19 pandemic. Stringent measures are undertaken for the containment of the virus impacted the sales of AWPs on a large-scale. Market factors including the shortage of labor and raw materials resulted in several problems in the development & design of new equipment. This created a wide gap in supply and demand, impacting the revenues of market players.

Increasing adoption of boom lifts in maintenance and repair work to spur demand

Boom lifts market is poised to witness significant growth during the forecast period owing to flexible & fast operations. The North America boom lifts segment is projected to expand at a CAGR of around 7.5% through 2027. Several features of boom lifts, such as the ability to operate in rough terrains and to reach greater heights, are contributing to their growing representation in the market.

Key players are focusing on the design and development of new boom lifts to expand their portfolio and gain a competitive edge in the AWP market. For instance, in October 2019, Manitou launched five new boom lifts for North America. The five new diesel-powered boom lift models include TJ 65, TJ 80+, TJ 65+, TJ 8, and ATJ 60, expanding the company’s MEWP line. Increasing investments by industry players in new product launches will contribute to the market statistics.

Increasing adoption of electric AWPs will drive the industry growth

Aerial Work Platform (AWP) Market Size

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The Europe electric segment accounted for more than 70% of the aerial work platforms market share in 2020. It is anticipated to witness significant growth from 2021 to 2027 driven by surging demand for maintenance and repair services in the residential construction segment. Electric lifts are witnessing rapid adoption in indoor locations due to their compact size and quiet operation.

Several benefits of electric lifts, such as zero-emission and the ability to move around in narrow passages, is poised to support the segment growth. Increasing awareness of reducing the environmental impacts by adopting electric lifting equipment is also positively influencing the AWP market demand.

Growing focus on the development of new AWPs by various companies to expand their product offerings will provide new growth opportunities. For instance, in December 2018, Zoomlion launched eight new AWP models. The company launched scissor lift platforms including ZT26J straight arm AWP and ZA14J crank arm lift platforms as a part of its lithium and electric battery-powered product portfolio. The models are available in different heights, varying from 6 - 12 m and maximum workloads of 350 kg.

Increasing demand for access platforms in repair and maintenance activities

The North America below 10 meters access platform segment valued at USD 150 million in 2020. The demand for below 10 meters access platform is increasing across the globe, on account of its high adoption for performing in-house construction & maintenance activities. The growing labor cost across the U.S., UK, Germany, and China is creating a huge demand for these equipment. Moreover, the increasing safety concerns have led consumers to adopt access platform over conventional ladders for performing maintenance and repair operations.

Increasing adoption of AWPs in construction & mining activities

The Europe construction & mining application accounted for above 30% of the market share in 2020. It is expected to witness positive growth during the forecast period fueled by the rapid increase in infrastructural developments globally. Growing government spending on public infrastructure development is driving the demand for AWPs. For instance, in October 2020, the Government of India issued 322 projects to construct 12,413 km roads under the Bharatmala Pariyojana.

The growing focus of government authorities on road development projects will accelerate the AWP market revenue. In January 2017, the Government of South Korea announced its plans to invest USD 24.4 billion for the development of 13 new expressways in the country. The construction of these expressways is forecast to enhance the connectivity of major cities.

Positive outlook of the transport & logistics industry will spur the Asia Pacific market revenue

Asia Pacific AWP Market Share

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The Asia Pacific AWP Market crossed around USD 2 billion in 2020. Rising demand for these machines in the regional transportation & logistics industry will improve the market size through 2027. Growing government spending on import and export activities is augmenting transportation and logistics services in India and China. According to the data published by the Office of the U.S. Trade Representative, the U.S. goods and services trade with China accounted for USD 634.8 billion in 2019 with exports totaled to USD 163 billion and imports totaled to USD 471.8 billion in 2019. The growing application of AWPs for lifting and material handling activities in the logistics sector will support the adoption of AWPs in the region.

Growing innovation coupled with partnerships & collaborations will boost market penetration

Market players are focused on strategic partnerships and collaborations to enhance their services and comply with regulations imposed by various governments. In October 2020, Manitou Group partnered with Neoline to reduce its carbon footprint. The partnership involves the transportation of all telehandlers and aerial work platforms manufactured by Manitou Group in France through a cargo ship. The transportation via wind-powered cargo-ship aided the company to enhance its ecological transition by choosing a solution that reduces the environmental impact.

The prominent AWP market players include Aichi Corporation, Hunan Runshare Heavy Industry Company Ltd., Haulotte Group, Hunan Sinoboom Heavy Industry Co., Ltd., Manitou Group, JLG Industries, Niftylift Limited, Genie, Skyjack, and Zoomlion Heavy Industry Science and Technology Co., Ltd.

This market research report on aerial work platform (AWP) includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2016 to 2027 for the following segments:

Market, By Product

  • Boom lifts
  • Scissor lifts
  • Vertical mast lifts
  • Personal portable lifts

Market, By Type

  • Electric
  • Engine-powered

Market, By Platform

  • Below 10 Meters
  • 10 to 20 Meters
  • 20 to 25 Meters
  • Above 25 Meters

Market, By Application

  • Rental
  • Construction & mining
  • Government
  • Transportation & logistics
  • Utility

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The global market for AWP had reached USD 6.5 billion in 2020 and is anticipated to record a CAGR of 8.5% over the forecast period 2021-2027.

Construction & mining application segment held around 30% of Europe AWP marker share in 2020 and will see growth with significant infrastructure development activities.

The North America boom lifts industry share is projected to register around 7.5% CAGR up to 2027 owing to features like flexible & fast operations and the ability to operate in rough terrains.

Electric segment held over 70% of Europe aerial work platform industry share and will expand due to increased deployment in indoor locations.

APAC AWP market size was over USD 2 billion during 2020 and will grow with a surge in demand from the regional logistics and transportation sectors.

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Premium Report Details

  • Published Date: Feb 2021
  • Companies covered: 16
  • Tables & Figures: 448
  • Countries covered: 16
  • Pages: 250

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