The global aerial work platform market size was valued at USD 9,275.99 million in 2022. It is projected to reach USD 18,985.90 million by 2031, growing at a CAGR of 8.0% during the forecast period (2023–2031).
Aerial work platforms are mobile elevating work platforms (MEWP), aerial lifts, and cherry pickers. It is developed specifically for lifting or elevating personnel to appropriate heights for uses in building, remodeling, maintenance, logistics, storage, and retail, among others. In addition, aerial work platforms can be utilized for indoor and outdoor tasks and are available in fully-electric, fuel-powered, and hybrid configurations to provide adaptable and flexible performance. AWP provides a secure and stable platform for the operator, reducing construction site fatalities and enhancing the work quality.
AWPs are explicitly developed for elevating or lifting personnel to adequate heights and provide a sturdy and secure base during the elevated phase. AWPs are highly versatile and efficient and can be utilized indoors and outdoors. The expansion of the construction sector is one of the primary factors driving the market expansion of aerial work platforms. In the foreseeable future, growing nations such as India, Brazil, and others have great potential in the building industry, driving the demand for aerial work platforms. Additionally, the large number of accidents caused by improper scaffolding erection and the risk of falling are boosting the demand for aerial work platforms. Nonetheless, technical advances in battery technologies are anticipated to create new growth prospects for the aerial work platform market. Introducing fully electric aerial work platforms is gaining traction in interior applications and is anticipated to stimulate the market for aerial work platforms shortly.
The primary benefit of aerial work platforms is their portability and compactness on remote building sites, particularly in urban settings. Aerial work platforms require less site space for operating than any other type of elevating platform and so do the same tasks as conventional methods like ladders or scaffolding while maximizing working space during operation. For instance, scissor lifts can be folded entirely into their gearbox assembly, using minimal space when stored.
Moreover, working at heights is exceedingly dangerous, particularly in outdoor occupations such as building, maintenance, and utility work. Previously, these tasks were performed using non-mechanical equipment such as ladders and wooden scaffolding. With the advent of aerial work platforms, lifting personnel has gotten significantly more straightforward. AWPs often provide a steadier working platform than conventional approaches. Although incidents such as electrocution and tipping are conceivable with AWPs, accidents can be considerably reduced when the equipment is operated by skilled personnel. Various factors, including operator training, experience, equipment inspection, and analysis of potential incidents, can contribute to increased safety when employing aerial work platforms. Thus, aerial work platforms' reduced accidents and increased safety compared to conventional methods promotes the market growth for aerial work platforms.
Traditional options such as ladders, scaffolding, and others have been utilized in the sector for a long time. This is primarily due to the affordability and extensibility of the equipment. Scaffolding and ladders are lightweight and easily transportable in various building and maintenance locations. Thus, the transfer from scaffolding to aerial work platforms is difficult, particularly in developing and impoverished nations. In addition, in metropolitan areas, cleaning and painting skyscrapers are performed mainly via rope access, which is exceedingly difficult but less expensive. Consequently, the high reliance on traditional alternatives hinders the demand for aerial work platforms, restricting the market growth for aerial work platforms.
Electric and hybrid engine advancements will increase demand for aerial work platforms shortly. Electric vehicle demand is anticipated to be driven by increased construction and non-construction applications prioritizing environmental sustainability. In urban areas and warehouses with noise and pollution regulations, aerial work platforms are commonly used. Consequently, using electric and hybrid AWPs can facilitate compliance with these regulations. Moreover, the development of battery technologies that enable maximum productivity on a single charge and hybrid engines that charge batteries with fuel-based engines can provide highly efficient lifting, reducing project site operational time.
The global aerial work platform market is bifurcated based on type, operation, lift height, and region.
Based on type, the aerial work from the market fragment includes scissor lifts, boom lifts, vehicle-mounted platforms, and others.
Boom lifters are expected to hold the largest revenue share during the forecast period. A boom lift comprises a bucket or platform coupled to a hydraulic lift system and a grounded base. There are three boom lifts: telescopic boom lifts, articulating boom lifts, and knuckle lifts. There are substantial benefits of boom lifts over scissor lifts that help them obtain a substantial market share in the aerial work platform industry.
Boom lifts have the most significant reach of any aerial work platform. For example, the Chinese manufacturer Sinoboom offers the articulating boom lift GTZZ46EJ. It offers a working height of 48 meters and is developed specifically for heavy-duty applications in the petrochemical industry. Moreover, boom lifts are more effective than scissor lifts for outdoor applications. Frequently, these lifts are powered by fuel-based motors, allowing them to operate in distant locations and at higher productivity. These benefits of boom lift fuel the expansion of the market for aerial work platforms.
Scissor lifts are anticipated to hold the second-largest market share. Lift tables or scissor lifts are motorized vehicles with a raised platform that may be elevated using crisscrossing metal supports that extend the platform. Scissor lift tables are highly adaptable and provide multiple height-adjustment options, which provide numerous advantages, such as preventing repetitive stress injuries. In addition, because they may be entirely retracted, scissor lifts offer appropriate compactness for usage in tiny places.
The fragments include electric, fuel engines, and hybrid based on the operation.
Fuel-powered aerial work platforms are most likely to hold the majority of the market share during the forecast period. Fuel-powered aerial work platforms rely on diesel or LPG-based engines for propulsion. Fuel-powered AWPs offer a high level of efficiency and productivity, especially for applications that are harsh and demanding. The fuel-based engine equipment's superior efficiency is the primary advantage of fuel-driven aerial work platforms over electrically powered equipment. Moreover, due to the higher power output given by the fuel-based engines, these machines are more adaptable and offer greater operating height than electric machines.
The electric aerial work platform is expected to hold the second-largest market share. In terms of environmental sustainability and noise pollution, electric aerial work platforms provide significant advantages over fuel-powered equivalents. Moreover, electrically driven AWPs require fewer scheduled services than fuel-powered AWPs and are less reliant on hydraulic lubricants and complex mechanics, resulting in a cleaner and quieter working environment.
Based on lift height, the aerial work platform market fragments include less than 20 ft., 20 to 50 ft., 50 to 70 ft., and more than 70 ft.
20 to 50 ft. aerial work platform is expected to hold the largest market share during the forecast period. The 20 ft to 50 ft segment is termed medium height aerial work platforms, which have more applications in construction, utility, and other industries. Small and medium-sized enterprises are more likely to employ AWPs with a medium height because they offer greater user adaptability and lower costs than larger lifts. In addition, depending on the locale, 20 ft to 50 ft AWPs are available with electric or fuel-powered propulsion. Due to their adaptability and strong demand, producers in the business offer a variety of upgrades for their range of goods.
More than 70 ft aerial work platform is expected to hold the second-largest share during the forecast period. Although fewer products are available for aerial work platforms with a working height of more than 70 ft, the high equipment cost drives the market growth. Platforms more than 70 ft in height increase efficiency by providing greater vertical and horizontal reach.
Based on the end-user industry, the fragments include construction, utilities, transportation & logistics, and others.
The construction industry is most likely to have the largest share of the market during the forecast period. The construction industry significantly demands technologically advanced aerial work platforms to boost production efficiency. Aerial work platforms are advantageous for urban construction where site locations are congested and low boom reach is required. Moreover, the agility of airborne work platforms minimizes the likelihood of accidents in urban locations with dense populations.
Logistics & Transportation will hold the second-largest share. The logistics and transportation business comprises aerial work platforms for warehouses, inventory transport, trucks, rail, and airports, among other applications. Rapid logistics and transportation expansion is anticipated to increase demand for aerial work platforms, particularly in emerging nations. In addition, increased automation in supply chains will help the e-commerce industry meet its high demand.
The regional segmentation of the global aerial work platform market includes North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is envisioned to hold the largest share in revenue during the forecast period. China will lead the Asia-Pacific aerial work platform market during the projected period. China's increased emphasis on the production and utilization of aerial work platforms led to a significant increase in the global market share of aerial work platforms in 2020. This trend will continue in the coming years. In addition, the rapid recovery of COVID-19 patients and control over the infection's spread enabled the government to increase the production of aerial work platforms more swiftly than in the United States and Europe.
However, underdeveloped countries in the Asia-Pacific region continue to rely on traditional working platforms such as ladders and scaffolding, mostly because aerial work platforms are expensive and require experienced workers to operate. On the contrary, the expansion of equipment rental services may contribute to aerial work platform market expansion during the forecast period.
North America will hold the second-largest share during the forecast period. The established infrastructure industry, the strong demand for aerial work platforms with the newest technology, and the vast number of suppliers in the United States and Canada all contribute to the expansion of the aerial work platform market.
The U.S. is among the most significant users of aerial work platforms, primarily due to numerous local and international firms like JLG Industries Ltd., Genie, and others in the country. In addition, the country's well-established construction and utility industries boost the demand for aerial work platforms. In addition, Canada is anticipated to fuel demand for scissor lifts due to the country's emergence as a supply chain hub. The country's logistics industry has been bolstered by transportation infrastructures like highways, waterways, and trains. This is anticipated to increase the regional need for aerial work platforms.
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