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Aerial Work Platform (AWP) Market Trends

Report ID: GMI689
Published Date: Sep 2023
Report Format: PDF

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Aerial Work Platform Market Trends

The increasing construction of logistics facilities is driving demand for aerial work platform. These facilities often feature tall storage racks & structures, necessitating regular maintenance and inspection at elevated heights. This facility will serve as a hub for storing and managing electric car batteries & their components, contributing to the battery production process. AWPs are essential for safe and efficient access to these areas, facilitating construction, maintenance, and operations. As the logistics industry expands globally to meet rising e-commerce demands, the need for AWPs in building and servicing these facilities will continue to propel, thereby boosting market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of aerial work platform was worth USD 9.3 billion in 2022 and may witness 10.2% CAGR from 2023 to 2032, due to the surge in construction and infrastructure development projects worldwide.

The electric type segment held over 70% of the aerial work platform market share in 2022 and is projected to grow by 2032, due to advantages, such as reduced emissions, quieter operation, and improved energy efficiency.

North America recorded over 35% of the AWP industry share in 2022 driven by the ongoing investment in infrastructure including road construction, bridge repair, and urban expansion.

Zhejiang Dingli Machinery Co., Ltd., Aichi Corporation, Zoomlion Heavy Industry Science and Technology Co., Ltd., Terex Corporation (Genie), Haulotte Group SA, JLG Industries, Inc., and Skyjack, Inc.