The global aerial work platforms market size stood at around USD 10.15 billion in 2022, and is set to expand at a CAGR of 6.1% during the forecast period from 2023 to 2033. The global market is anticipated to reach a valuation of USD 19.43 billion by 2033, up from USD 10.75 billion in 2023.
Aerial work platform, also known as an aerial machine, bucket truck, or mobile elevating work platform, is a mechanical device that can provide temporary access to inaccessible locations, usually at height, for equipment and people.
Aerial work platforms are frequently utilized for various types of maintenance and construction works, including arboriculture to provide an autonomous work platform. It is also used in the power and telecommunications sectors for initiating intensive overhead line maintenance work.
Advanced features, including transport and access, as well as electrical outlets and compressed air hookups for power tools, may be found on innovative aerial work platforms. Additionally, some of the latest construction equipment platforms are equipped with window glass frames. Operators can frequently be lifted to a working position by underbridge units with the help of these frames.
The global aerial work platforms market holds about 23.12% of share in the global crane market, says FMI.
| Attributes | Details |
|---|---|
| Historical Value (2022) | USD 10.15 billion |
| Current Year Value (2023) | USD 10.75 billion |
| Expected Forecast Value (2033) | USD 19.43 billion |
| Projected CAGR (2023 to 2033) | 6.1% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
From 2018 to 2022, the market for aerial work platforms exhibited 4.3% CAGR. Due to their versatility and ability to be utilized in a wide range of industries, including manufacturing, warehousing, transportation, and utilities, boom lifts have recently held the majority of share.
Boom lifts are more versatile than scissor lifts as they are operated by a hydraulic arm to easily move around obstacles. They can also achieve greater heights than scissor lifts. Two types of boom lifts commonly used in the building and manufacturing industries are articulated and telescopic.
Due to rising construction activities and ongoing development of the warehouse industry, demand for aerial access equipment is projected to expand at a steady pace from 2023 to 2033. Increasing demand for new residential properties in emerging economies is another crucial factor that would aid growth.
Owing to the aforementioned factors, the global aerial work platforms market is projected to grow 1.8x by 2033.
Rising Construction of Residential and Commercial Buildings
Rapid expansion of middle-class populations in developing countries and their high purchasing power are expected to push the demand for new commercial, as well as residential buildings. Thus, key companies are investing huge sums to innovate their existing product lines or to come up with new products.
For improved safety, platform load sensing features are being installed in all equipment in accordance with the new ANSI A92.20 requirements, along with active auxiliary guarding for operator protection. It is a major factor that is anticipated to bode well for the global market.
Principal Consultant
The degree of governmental safety restrictions in every country is strongly reliant on aerial work platforms. Some of the countries across the globe lack safety standards governing working at a specific height. Furthermore, lack of consumer understanding of the overall capabilities of scissor lifts may impede growth in the aerial work platforms market in the next decade.
Despite numerous initiatives taken by rental firms to improve development prospects, fleet owners in emerging countries are hesitant to buy scissor lifts due to their high cost. Lack of stringent safety rules at construction sites and warehouses for handling commodities may also significantly hamper growth in the aerial work platforms industry.
| Countries | 2022 Value Share in Global Market |
|---|---|
| United States | 14.2% |
| Germany | 5.1% |
| Japan | 4.6% |
Agencies like OSHA Have Permitted Utilization of Working Platform Lifts in the United States
According to FMI, the United States held around 66.3% of the North America aerial work platforms market share in 2021. The country is projected to generate a substantial share in terms of value in the next decade.
Demand for aerial work platforms is increasing significantly in the United States due to the easy availability of technologically advanced products and rising safety requirements in the country. The Occupational Safety and Health Administration (OSHA), for instance, has amended a range of requirements that allow aerial work platforms to be implemented, which would drive business development in the United States.
The United States aerial work platforms market is witnessing significant growth. There is a growing trend toward the adoption of electric-powered aerial work platforms in the United States. This is primarily driven by the increasing emphasis on environmental sustainability, reduced carbon emissions, and stricter regulations on noise pollution in urban areas.
In accordance with its sustainable energy initiatives, the government is making substantial investments in the deployment of solar panels and windmills for power generation. The installation, assembly, and upkeep of these structures often involve working at significant heights, creating a demand for elevated work platforms that provide valuable assistance. As a result, the AWP market is experiencing growth due to their usefulness in facilitating these operations.
Automation and Robotics Revolutionize Aerial Work Platforms in Germany
Germany is one of the leading markets for aerial work platforms in Europe. The country's strong economy, robust infrastructure development, and stringent safety regulations have contributed to the market growth. Aerial work platforms enable efficient and safe working at heights, improving productivity and reducing labor costs.
Germany has stringent safety regulations for aerial work platforms to ensure the well-being of operators and prevent accidents. The Germany aerial work platforms market is witnessing a shift toward hybrid aerial work platforms, combining electric and combustion engines. The industry in Germany is also witnessing ongoing developments in automation and robotics integration.
Japan's Urban Renaissance Drives Demand for Aerial Work Platforms
Japan has been witnessing a growing demand for electric aerial work platforms due to their environmental friendliness and lower operational costs. The government's initiatives to promote sustainable practices have further contributed to the adoption of electric models. Urbanization and infrastructure development projects have significantly driven the Japan aerial work platforms market. The need for efficient and reliable equipment for construction, maintenance, and inspection activities has created opportunities for market growth.
Worker safety is a key concern in Japan. The country also has a strong cultural emphasis on safety and meticulous attention to detail. This cultural aspect influences the demand for aerial work platforms that prioritize safety features. Manufacturers are incorporating technologies to enhance operator safety and minimize accidents.
| Countries | Value CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 3.5% |
| China | 7.2% |
| India | 7.7% |
Stringent Regulations Boost Adoption of Aerial Work Platforms in the United Kingdom
The United Kingdom aerial work platforms market is prominent given its robust construction sector. The country is witnessing significant urbanization and infrastructure development, particularly in metropolitan areas like London, Manchester, and Birmingham. This has resulted in a higher demand for aerial work platforms for construction, maintenance, and renovation activities.
The government's commitment to renewable energy and the ongoing investments in renewable energy projects have fueled the demand for aerial work platforms. These platforms are used for installation, maintenance, and repair work in the renewable energy sector. Moreover, the country has well-defined safety standards and regulations pertaining to working at heights.
Increasing Construction Activities to Fuel Demand for Mobile Elevating Platforms in China
China is expected to create an incremental opportunity of more than USD 1.5 billion in the coming decade, finds FMI. The county is set to witness a large number of construction activities with increasing population, which would drive the need for effective platforms for elevated construction.
Moreover, increasing number of aerial work platform rental companies in China and rising construction expenditure are expected to create new growth opportunities for manufacturers operating in the country over the next ten years.
China's rapid urbanization has led to a surge in construction activities, both in the residential and commercial sectors. The Chinese government's focus on infrastructure development and construction projects provides substantial market opportunities. As reported by the National Development and Reform Commission, the Chinese government granted approval for 26 infrastructure projects in 2019, with an estimated investment of around USD 142 billion. These projects are projected to be finalized by the year 2023.
The China aerial work platforms market has been experiencing significant growth in recent years. The rapid growth of e-commerce in China has created a demand for aerial work platforms in the warehousing and logistics sector. Aerial platforms are utilized for various tasks, such as order picking, inventory management, and maintenance of storage facilities, to support the efficient operation of e-commerce warehouses.
Steel Manufacturers in India to Opt for Aerial Access Platforms
Steel producers in India are extensively using aerial work platforms owing to their various advantages associated with regular plant maintenance. Tata Steel, for instance, is one of India's major manufacturers, which uses aerial work platforms to carry out emergency maintenance jobs.
Federal and government steel plants often purchase cutting-edge equipment in the country, especially sound alarms, boom lifts, solid non-marking tires, and back cameras, to enhance their processes, which would also augment growth in India.
The India aerial work platforms market has experienced a surge in demand due to rapid infrastructure development, including the construction of highways, bridges, and commercial buildings. Initiatives like "Smart Cities" and "Make in India" by the government have further accelerated infrastructure development. An example of this can be seen in 2021 when the Indian government allocated about USD 529.7 million toward construction projects. These occurrences contribute to the expansion of the market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Segment | 2022 Value Share in Global Market |
|---|---|
| Boom Lift | 64.2% |
| Transportation and Logistics | 21.9% |
Demand for Advanced Boom Lifts to Accelerate in the Next Decade
Boom lifts excel in offering unparalleled versatility in terms of height and reach capabilities. They are purpose-built to provide extended vertical and horizontal reach, catering to various applications such as construction, maintenance, installation, and industrial tasks. This exceptional ability to reach elevated areas with precision and flexibility sets boom lifts apart from other aerial work platforms.
One substantial advantage of boom lifts is their typically higher load capacity compared to other types of aerial work platforms, such as scissor lifts or vertical mast lifts. In addition, the versatility of boom lifts renders them indispensable across various industries and applications. They find extensive usage in construction projects, building maintenance, warehousing operations, utilities, film production, and numerous other sectors.
Forklift Aerial Platforms to Gain Traction in the Transportation and Logistics Sector
The transportation and logistics industry often involves the movement and handling of heavy and bulky goods, both in warehouses and during transportation. Aerial work platforms provide efficient and safe solutions for accessing elevated areas, loading/unloading cargo, and performing maintenance tasks on vehicles and infrastructure. These platforms also enable the transportation and logistics sector to optimize its operations by streamlining workflows and reducing manual labor.
Rapid e-commerce growth leads to increased demand for warehouses and distribution centers. Aerial work platforms are crucial for tasks like order picking, inventory management, and shelving in these facilities. The transportation and logistics industry is at the forefront of this expansion. They heavily rely on aerial work platforms to improve operational efficiency in large-scale storage facilities.
Construction Companies Are Preferring Rental Hydraulic Aerial Platforms
By sales channel, the rental service providers segment is anticipated to dominate the global aerial work platforms market in the evaluation period. Companies often look for rental construction equipment to save repair costs. Rental equipment also needs less maintenance, which further helps companies to eliminate initial purchasing costs.
The aerial work platforms market is highly competitive and is dominated by various international and domestic companies offering competitively priced products. Key players are also focusing on product innovations to expand their geographic presence and strengthen their positions in the global market.
For instance,
Key Players
China may witness significant growth in the aerial work platforms market.
The increasing demand for construction and infrastructure projects, as well as the need for safety and efficiency in industrial applications, are expected to drive sales of aerial work platforms.
The growing popularity of electric aerial work platforms and the increasing demand for customized solutions are key trends driving the aerial work platforms market.
The market recorded a CAGR of 4.3% in 2022.
Substantial investment in the construction and infrastructure sectors, as well as the development of new technologies, are expected to provide growth prospects for the market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Boom Lifts 5.1.1. Telescopic 5.1.2. Articulating 5.1.3. Trailer Mounted 5.1.4. Self-Propelled 5.2. Scissor Lifts 5.3. Vertical Mast Lift 5.3.1. Double Mast AWP 5.3.2. Single Mast AWP 5.4. Push Around and Spider Lifts 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fuel Type 6.1. Gas / Diesel 6.2. Electric 6.3. Hybrid 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform Working Height 7.1. Below 10 Meters 7.2. 10 to 20 Meters 7.3. 20 to 30 Meters 7.4. Above 30 Meters 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. OEM 8.2. Rental Service Providers 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 9.1. Construction 9.2. Mining 9.3. Transportation and Logistics 9.4. Manufacturing 9.5. Aerospace and Defence 9.6. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. South Asia and Pacific 10.6. East Asia 10.7. Middle East and Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Terex Corporation 20.2. Haulotte Group 20.3. OSHKOSH CORPORATION 20.4. Linamar Corporation 20.5. Tadano Limited 20.6. Aichi Corporation 20.7. MEC AERIAL WORK PLATFORMS 20.8. PALFINGER AG 20.9. Manitou Group 20.10. IMER INTERNATIONAL SpA 20.11. J C BAMFORD EXCAVATORS Ltd. 20.12. Hunan Sinoboom Heavy Industry Co. Ltd. 20.13. Zhejiang Dingli Machinery Co., Ltd 20.14. MANTALL HEAVY INDUSTRY CO.,LTD 20.15. NOBLELIFT INTELLIGENT EQUIPMENTCO.,LTD 20.16. ALP Lift 20.17. V-Tech Hydraulics 20.18. Mtandt Ltd 20.19. Snorkel International, Inc. 21. Assumptions & Acronyms Used 22. Research Methodology
Explore Industrial Automation Insights
View Reports
Aerial Work Platforms Market
