AERIAL WORK PLATFORM (AWP) MARKET ANALYSIS
Global Aerial work platform (AWP) Market is valued at US$ 9.81 Billion in 2022, exhibiting a compound annual growth rate (CAGR) of 9.1% from 2023 to 2030.
The increasing number of infrastructure transformation projects across the globe are factors that are expected to drive growth of the global aerial work platform (AWP) market during the forecast period.
Global Aerial work platform (AWP) Market– Trends
Rising Construction of Residential and Commercial Buildings
The high purchasing power and rapid growth of middle-class populations in developing nations is anticipated to increase demand for new residential and commercial buildings. As a result, major companies are spending a lot of money to improve their current product lines or develop new ones.
For further developed wellbeing, stage load detecting highlights are being introduced in all gear as per the new ANSI A92.20 necessities, alongside dynamic helper watching for administrator security. It is a significant aspect that is expected to benefit the global market.
CANbus Technology
CANbus technology leverages a combination of sensors and controllers to provide new functions and features for workers. Today, many aerial work platforms have load-sensing capabilities that will disable the lift if the weight is too much.
Figure 2. Global Aerial work platform (AWP) Market Share (%), By Fuel Type, 2022
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