The projection for the USA AWP market between 2025 and 2035 indicates strong growth, with a projected value of USD 2,134.1 million being reached by 2035 due to a compound yearly growth of 4.9% during the period. It is expected that rapid urbanization, improving infrastructure, and greater emphasis on workers’ safety will spur growth in the market.
AWPs have become an integral part of the construction, warehousing, and industrial maintenance sectors due to their adaptability and effectiveness in comparison to existing traditional scaffolding systems.
Attributes | Description |
---|---|
Projected USA AWP Market Value (2035F) | USD 2,134.1 Million |
USA AWP Market Value-based CAGR (2025 to 2035) | 4.9% |
There is a growing emphasis and shift towards electric and hybrid AWPs from conventional ones in order to satisfy ever stringent emission regulations and meeting sustainability goals. These platforms enhance operational efficiency while also minimizing impact on the environment. In addition, the market is also experiencing a shift with the new technological advancements in IoT enabled monitoring systems and predictive maintenance, boosting the reliability and productivity of the equipment.
With many initiatives being undertaken by the government, including the IIJA, the USA AWP market will likely witness great improvement. With billions of dollars being spent on a multitude of infrastructure developments including highways, bridges, and public facilities, the need for stronger and more reliable AWPs will likely increase substantially over the next few years.
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Sustainability-Driven Innovations
Sustainability is at the forefront of the USA AWP market, with manufacturers prioritizing the development of electric and hybrid models. Electric-powered AWPs, which currently account for 30% of the market, are projected to grow to 45% by 2030. These platforms address environmental concerns while maintaining high performance, particularly in indoor and urban settings. Hybrid AWPs, combining the efficiency of electric power with the robustness of diesel, are gaining traction for projects requiring adaptability across diverse environments.
Rental Market Expansion
The rental segment dominates the AWP market, accounting for over 65% of total deployments. Renting AWPs offers cost-effective and flexible solutions for businesses, especially smaller enterprises with temporary equipment needs. Leading companies like United Rentals and Sunbelt Rentals are expanding their fleets with advanced, eco-friendly platforms to meet evolving customer demands. The rise of short-term projects in warehousing, retail, and e-commerce further reinforces the growth of the rental market.
IoT and Telematics Integration
The integration of IoT and telematics into AWPs is transforming equipment management. Real-time monitoring, predictive maintenance, and usage analytics enhance safety and reduce downtime. For example, IoT sensors detect wear and tear, enabling timely interventions that prevent costly failures. By 2030, it is anticipated that 70% of AWPs will feature IoT-enabled systems, marking a significant shift toward digital transformation in construction and industrial sectors.
Infrastructure Investments
The USA government’s infrastructure modernization efforts are another significant growth driver. Federal investments in repairing and building roads, bridges, airports, and public facilities are creating immense opportunities for AWP manufacturers. Boom lifts and scissor lifts, known for their versatility and reliability, are expected to see high demand in these large-scale projects.
Industry | Construction |
---|---|
CAGR (2023 to 2030) | 6.8% |
Key Trends | Federal funding boosts infrastructure modernization projects. |
Industry | Industrial |
---|---|
CAGR (2023 to 2030) | 6.1% |
Key Trends | IoT-enabled platforms enhance operational efficiency. |
Industry | Warehousing |
---|---|
CAGR (2023 to 2030) | 7.0% |
Key Trends | E-commerce growth drives demand for compact AWPs. |
Industry | Retail |
---|---|
CAGR (2023 to 2030) | 5.9% |
Key Trends | Expansion of commercial spaces fuels adoption of scissor lifts. |
The USA AWP market exhibits a diverse competitive landscape with established players, intermediate companies, and emerging innovators.
Established players like JLG Industries, Genie, and Skyjack dominate the market, collectively holding approximately 60% of the share. These companies benefit from extensive product portfolios, global reach, and strong dealer networks. Their focus on integrating IoT and telematics systems positions them as leaders in innovation.
Intermediate players such as Haulotte Group, Snorkel, and Niftylift account for 25-30% of the market. These companies cater to specific regional or niche demands and offer cost-effective solutions, often targeting mid-sized enterprises.
Emerging players, including Manitou Group, Tadano, and Elliott Equipment Company, hold a smaller share of 10-15%. These firms focus on innovative technologies, such as electric and hybrid AWPs, to capture the growing demand for sustainable solutions. Their agility in addressing niche market needs adds dynamism to the industry.
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Date | Key Development |
---|---|
April 2023 | JLG launched an all-electric scissor lift for indoor applications. |
July 2023 | Genie introduced IoT-based telematics to enhance fleet management. |
November 2023 | Skyjack unveiled a hybrid boom lift targeting sustainability goals. |
December 2023 | Snorkel expanded its product line with compact AWPs for SMEs. |
The USA AWP market is set to evolve rapidly, driven by sustainability goals, technological advancements, and infrastructure investments.
The market is expected to reach USD 2,134.1 million, growing at a CAGR of 4.9%.
Boom lifts lead the market with a 40% share, owing to their versatility and extensive applications.
The adoption of electric and hybrid AWPs is driven by stricter emission regulations and growing environmental concerns, with electric platforms expected to account for 45% of sales by 2035.
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