Singapore markets closed
  • Straits Times Index

    3,240.58
    +49.87 (+1.56%)
     
  • Nikkei

    26,739.03
    +336.19 (+1.27%)
     
  • Hang Seng

    20,717.24
    +596.56 (+2.96%)
     
  • FTSE 100

    7,419.38
    +116.64 (+1.60%)
     
  • BTC-USD

    29,785.21
    +57.64 (+0.19%)
     
  • CMC Crypto 200

    664.37
    -9.01 (-1.34%)
     
  • S&P 500

    3,899.41
    -1.38 (-0.04%)
     
  • Dow

    31,195.33
    -57.80 (-0.18%)
     
  • Nasdaq

    11,387.32
    -1.17 (-0.01%)
     
  • Gold

    1,835.00
    -6.20 (-0.34%)
     
  • Crude Oil

    112.83
    +0.62 (+0.55%)
     
  • 10-Yr Bond

    2.8350
    -0.0200 (-0.70%)
     
  • FTSE Bursa Malaysia

    1,549.12
    -0.29 (-0.02%)
     
  • Jakarta Composite Index

    6,918.14
    +94.81 (+1.39%)
     
  • PSE Index

    6,746.33
    +86.28 (+1.30%)
     

Global Aerial Work Platform Market Is Expected to Reach $14.35 Billion by 2027: Says AMR

·4-min read

Easy accessibility and mobility offered by aerial work platforms, improved safety measures, and advancements in the logistics & transportation industry drive the growth of the global aerial work platform market. By operation, the fuel powered segment held the major share in 2019. By region, on the other hand, the market across Asia-Pacific would exhibit the fastest CAGR by 2027.

Portland, OR, May 19, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global aerial work platform market was pegged at $9.27 billion in 2019 and is estimated to hit $14.35 billion by 2027, registering a CAGR of 7.7% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Easy accessibility and mobility offered by aerial work platforms, improved safety measures, and advancements in the logistics & transportation industry drive the growth of the global aerial work platform market. On the other hand, increase in dependence on traditional alternatives and high costs associated with aerial work platforms restrain the growth to some extent. However, developments in fully electric and hybrid aerial work platforms are expected to create lucrative opportunities in the industry.

Download Sample PDF (247 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/11469

Covid-19 scenario-

  • The outbreak of the pandemic led to extended lockdowns across the world, giving way to unstable economic conditions. This, in turn, decreased the demand for AWPs from several industry verticals.

  • Also, the unavailability of skilled personnel to operate aerial work platforms hampered the market growth. However, with the rollout of mass vaccination in most countries, the global aerial work platform market is expected to recoup soon.

The global aerial work platform market is analyzed across type, operation, lift height, end-user industry, and region. Based on type, the boom lifts segment accounted for nearly two-thirds of the total market share in 2019, and is expected to lead the trail by 2027. The vehicle-mounted platform segment, on the other hand, would register the fastest CAGR of 9.9% from 2020 to 2027.

Get detailed COVID-19 impact analysis on the global aerial work platform market Request Here

Based on operation, the fuel powered segment contributed to more than half of the total market revenue in 2019, and is anticipated to rule the roost by the end of 2027. Simultaneously, the hybrid segment would grow at the fastest CAGR of 9.4% during the forecast period.

By region, North America held the highest share in 2019, garnering more than two-fifths of the global market. The market across Asia-Pacific, however, would cite the fastest CAGR of 9.1% from 2020 to 2027. Moreover, the report also studies the market across Europe and LAMEA.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/11469

The key market players analyzed in the global aerial work platform market report include Altec Inc., Haulotte Group, J.C. Bamford Excavators Limited, Oshkosh Corporation (JLG Industries, Inc.), Terex Corporation (Genie), Zhejiang Dingli Machinery Co., Ltd., Aichi Corporation, Skyjack (Linamar Corp.), Niftylift (UK) Limited, and Teupen. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Aerial Work Platform Rental Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Construction and Mining Equipment Market: Global Opportunity Analysis and Industry Forecast, 2021-2028

Construction Aggregates Market: Opportunity Analysis and Industry Forecast, 2020–2027

Global Construction Lifts Market: Global Opportunity Analysis and Industry Forecast, 2021-2028

Construction Scaffolding Rental Market: Global Opportunity Analysis and Industry Forecast, 2021-2028

Wheeled Loading Shovels Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting