Throughout the forecast period, the worldwide aerial work platform market is predicted to develop due to the growing construction sector and the global megatrend of urbanisation. High maintenance costs are the primary impediment to growth in the worldwide aerial work platform (AWP) market. Aerial work platforms (AWPs) are utilised in logistics, transportation, and a variety of other applications that necessitate significant maintenance expenses. As a result of the large capital expenditure, corporations find it difficult to invest in aerial work platforms.
According to Coherent Market Insights, The global Aerial Work Platforms Market was valued at US$ 9,045.0 Mn in 2020 and is estimate to reach a value of US$ 15,805.6 Mn by 2028 at a CAGR of 7.8% between 2021 and 2028.
Prominent Companies in the Aerial Work Platforms Industry:
1. Toyota Industries Corporation
Toyota Industries Corporation manufactures and sells textile machinery, materials handling equipment, automobiles, and automobile parts in Japan and internationally. The company operates through Automobile, Materials Handling Equipment, and Textile Machinery segments. Toyota Industries Corporation was incorporated in 1926 and is headquartered in Kariya, Japan.
2. Terex Corporation
Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). Terex Corporation was founded in 1933 and is based in Norwalk, Connecticut.
3. Haulotte Group
Haulotte Group SA, through its subsidiaries, designs, manufactures, and markets people and material lifting equipment. The company markets and sells its products in Europe, the Asia Pacific, North America, and Latin America. It provides solutions for civil and military applications; rental companies; and logistics, manufacturing, airport operations, maintenance, and retail sectors. Haulotte Group SA was founded in 1881 and is based in Lorette, France. Haulotte Group SA is a subsidiary of Solem S.A. In February 2021, HAULOTTE GROUP launched 16m working height electric articulating boom lift for indoor and outdoor applications such as industrial, maintenance, finishing, and renovation jobs
4. IMER International SpA
It is Producer and marketer of construction machinery. The company manufactures and sells construction machinery, including motor spraying and conveying machinery, concrete machinery and powered access line equipment. The company is headquartered in Italy, founded in 1962.
5. Oshkosh Corporation
Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. The company was founded in 1917 and is headquartered in Oshkosh, Wisconsin.
6. Manitou Group
Manitou BF SA is an industrial equipment manufacturer based in France. It is one of the companies in developing all-terrain material handling equipment meant for construction, agricultural and industrial usage. The company was founded in 1958. These products are marketed through well-known brands such as Manitou, Gehl, and Mustang available with dealers throughout the world. In May 2019, Manitou Group launched telehandlers and compact loaders, in order to expand its business in Asia, Middle East, Eastern Europe, and Russia market
7. Zhejiang Dingli Machinery Co, Ltd.
Dingli is a designer and manufacturer of aerial work platforms. They provide electric booms, scissor lifts, masts, and differentiated aerial work platforms. They also provide research, development, production, sales, and services for the bridge construction and engineering sectors. The company was founded in 2003, headquartered in Zhejiang, China. In September 2020, Zhejiang Dingli Machinery Co, Ltd. launched JCPT2223RTB scissor lift with features such as heavy load, large platform, and high chassis.
8. Zoomlion Heavy Industry Science & Technology Co., Ltd
Zoomlion Heavy Industry Science and Technology Co Ltd are mainly engaged in the research, development, manufacturing, and sales of construction machinery, and agricultural machinery. The company was founded in 1992, headquartered in China.
*Definiton- Aerial work platform (AWP) is a specialised machine used to get access to remote and inaccessible regions. The key benefits of aerial work platforms are great operating efficiency, accessibility to isolated places, and the capacity to undertake multifunctional activities.
