(AWP) Aerial Work Platforms 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, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Mar 2020  |  Report ID: GMI689  |  Authors: Preeti Wadhwani, Prasenjit Saha

Report Format: PDF   |   Pages: 300   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Aerial Work Platform (AWP) Market size exceeded USD 9.5 billion in 2019 and is estimated to grow at a CAGR of 9% between 2020 and 2026. Global industry shipments are projected to reach 500,000 units by 2026. The implementation of stringent worker safety regulations by government authorities across the globe is surging the adoption of advanced lifting technologies, driving the market growth.

Aerial Work Platform (AWP) Market

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The increasing construction & infrastructure investments by government and private sectors is driving market growth. Government authorities across the globe are making large investments in developing public transportation infrastructure such as railway stations, airports, and residential buildings. Mobile elevating work platforms (MEWPs) are used at construction sites to lift workers, tools, and light materials at elevated height efficiently and safely.

The availability of AWP rental services is providing an impetus to the market size. AWP rental companies are offering a wide range of equipment from several equipment manufacturers to enhance their product portfolio, providing a positive market outlook. Moreover, the emergence of electrification in the global construction industry is supporting AWP industry growth. Electric AWPs aid in reducing carbon footprints and offering noiseless performance compared to diesel-powered equipment, driving the market.

The major market factor challenging the industry is the unavailability of skilled workers to operate the equipment. Several AWP manufacturers operating in the industry are offering operator training courses to address the challenge. Moreover, the high market price of MEWPs is anticipated to hamper the market over the forecast timeline.

(AWP) Aerial Work Platforms Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 9.5 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 9% 2026 Value Projection: 18 Billion (USD)
Pages: 300 Tables, Charts & Figures: 449
Geographies covered (16): U.S., Canada, U.K., Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, UAE, Saudi Arabia, South Africa
Segments covered: Products, Type, Platform Height, Application
Companies covered (18): Aichi Corporation, CTE, Dinolift OY, Haulotte Group, Holland Lift International bv, Hunan Runshare Heavy Industry Company, Ltd., Hunan Sinoboom Heavy Industry Co. Ltd., JLG Industries, Manitou Group, Niftylift Limited, Skyjack, Snorkel, Socage Srl, Tadano Limited, Genie, Teupen, Zhejiang Dingli Machinery Co, Ltd., Zoomlion Heavy Industry Science and Technology Co. Ltd.
Growth Drivers:
  • Proliferation of global construction industry
  • Development of technologically advanced access platforms
  • Increasing government spending in smart city projects across the globe
  • Rising popularity of rental equipment services in the Asia Pacific
  • Increasing reconstruction and maintenance activities in Japan
  • Growing numbers of infrastructure transformation projects in Indonesia and Thailand
  • Development of urban infrastructure in South Africa and India
  • Infrastructure development and maintenance projects in Brazil and Mexico
  • Growing investment in mining projects across Latin America & MEA
Pitfalls & Challenges:
  • Lack of skilled operators
  • Increasing demand for used construction equipment
  • High cost of access platforms

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Increasing demand for versatile lifting solutions is supporting the adoption of boom lifts

Aerial Work Platform Market by Product

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The boom lifts held around 70% of the AWP market share in terms of revenue in 2019. The demand for boom lifts is increasing significantly owing to their fast & flexible operations. These access platforms offer enhanced portability and convenience due to their ability to reach greater heights compared to other models. Boom lifts are gaining popularity in maintenance and repair applications. Workers are increasingly utilizing these platforms for painting, window washing, and façade maintenance operations.

Boom lifts offer high-power performance and the ability to operate in rough terrains, supporting their adoption. The machines feature strong stabilizer legs and durable & strong structure, making them suitable for heavy-duty construction activities. This will make boom lifts an optimum option for large construction works. Articulating boom lifts feature enhanced maneuverability and smooth performance on rough terrains, making them a feasible option for use in robust environments.

Emergence of electrification technology in the global construction industry

AWP Market by Type

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The electric MEWP market held over 65% of market share in 2019. These machines aid in reducing fuel consumption, noise levels, and harmful carbon emission, supporting their adoption. Moreover, by using electric machines, contractors can reduce the environmental impact and support environmental conservation initiatives adopted by government authorities across the globe.

The players in the market are offering advanced electric access platforms to support the industry trend. For instance, in February 2019, JLG announced its plan to launch a new range of fully electric and lithium-powered boom lift range. The company introduced three models, 340AJ, 450AJ, and 520AJ that offer working heights ranging from 12m to 18m.

Increasing demand for access platforms in repair and maintenance activities

AWP with a platform height below 10 meters is increasingly being utilized in in-house construction & maintenance activities across the globe. The demand for these machines is rising particularly in North America and Europe due to high labor costs and unavailability of labor for performing general repair & maintenance operations. These models provide high efficiency compared to conventional ladders used in in-house maintenance activities due to their enhanced flexibility features. The height of AWPs can be adjusted to the maximum levels and can be easily placed from one place to another compared to the difficult mobility of ladders.

The increasing popularity of renting construction machinery to save high initial purchasing cost

The rental application is gaining high traction in the AWP industry due to the emergence of several rental providers across the globe. Rental companies offer easy & cheap renting options compared to direct purchasing options. Customers are shifting their preferences toward rental operators to save huge amounts of transportation, maintenance, and operational costs associated with new machinery. AWP manufacturers gain a majority of their revenue from rental companies and are increasing their partnerships with local rental providers in various regions to gain high market share. Value-added services and training courses offered by rental companies along with manufacturers will attract customers toward rental options, thereby supporting the industry growth.

Increasing investments in the Asia Pacific construction & infrastructure industry

The increasing government & private sector investments in the construction industry of Asia Pacific are driving regional AWP market share. The Indian government is making large investments in enhancing its public transport infrastructure including airports, railway stations, and metro stations, supporting the adoption of construction machinery. Access platforms are deployed at construction sites to lift workers & materials at elevated heights safely & efficiently.

The entry of several local as well as established construction equipment manufacturers, such as LGMG, XCMG, and SANY, in the China AWP market is expected to propel market size over the forecast timeline. Leading players operating in the market are making large investments in R&D activities to introduce new products, offering enhanced worker safety and lifting capabilities. The local AWP industry players are primarily focusing on product quality & innovations to expand their customer base.

Continuous innovation is the key strategy by leading market players

Major companies in this market are adopting various strategies, such as partnerships & collaborations, research & development, and mergers & acquisitions, to expand their market shares. Moreover, market leaders are focusing on developing electric versions of MEWPs to enhance their product offerings. For instance, in July 2019, MEC Aerial Work Platform announced the launch of its new Micro 26 slab scissor lift. The new platform features a 36-inch roll out extension deck that includes incremental lock positions, maximizing productivity and material usage.

Some of the key players operating in the AWP market include Aichi Corporation, Haulotte Group, Hunan Runshare Heavy Industry Company, Ltd., Hunan Sinoboom Heavy Industry Co. Ltd., JLG Industries, Manitou Group, Niftylift Limited, Skyjack, Genie, and Zoomlion Heavy Industry Science and Technology Co., Ltd.

The AWP market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2015 to 2026 for the following segments:

Aerial Work Platforms Market By Product

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

By Type

  • Electric
  • Engine powered

By Platform

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

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


Frequently Asked Questions (FAQ) :

The market size of aerial work platforms (AWP) surpassed USD 9.5 billion in 2019.
The industry share of aerial work platforms is anticipated to grow at 9% CAGR between 2020 to 2026.
The electric MEWP segment held over 65% of market share in 2019, according to this report.
The rental application is gaining high traction in the AWP market due to the emergence of several rental providers which offer easy & cheap renting options compared to direct purchasing, to save huge amounts of transportation, maintenance and operational costs.
Some of the key players in the market include Aichi Corporation, Haulotte Group, Hunan Runshare Heavy Industry Company, Ltd., Hunan Sinoboom Heavy Industry Co. Ltd., JLG Industries, Manitou Group, Niftylift Limited, Skyjack, Genie, and Zoomlion Heavy Industry Science and Technology Co., Ltd.

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Premium Report Details

  • Published Date: Mar 2020
  • Pages: 300
  • Tables: 423
  • Charts / Figures: 26
  • Companies covered: 18
  • Countries covered: 16

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