Global
Aerial Work
Platforms (AWP)
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016-2026
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Report
Description
Report Description
The global aerial work platforms market is poised to reach a market value of US$ 15.3 Bn by
2026, expanding at a CAGR of 6.5% over a 10-year forecast period (2016-2026). Global AWP
sales are expected to touch 88,622 units by the end of 2016, valued at US$ 8.1 Bn. Increasing
sophistication and mechanisation of the global construction industry is likely to boost the
demand for aerial work platforms throughout the world. In a new report titled “Aerial Work
Platforms (AWP) Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”,
Future Market Insights analyses the market dynamics affecting the global aerial work platforms
market and forecasts trends likely to shape this market in the next 10 years.
A steady growth of the global aerial work platforms market can be attributed to a booming
construction industry, stringent labour laws and government regulations, and strict adherence
to human safety concerns. The market is also likely to receive a boost from simple and attractive
equipment financing options, a diversified product portfolio offered by manufacturers while
meeting the customised demands of AWP buyers, and a rising demand for AWP equipment from
the telecommunication and electrical lines maintenance business vertical.
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Market projections based on segmentation
Segment
By product type
Boom lifts
Scissor lifts
Report
Description
Report Description
Market projections
The boom lifts segment is estimated to account for 42.8% revenue share in the global AWP
market by the end of 2016
The scissor lifts segment is estimated to dominate the global AWP market with 57.2% market
revenue share by the end of 2016
By ownership
Rental service providers
End-use industries
Market projections
The rental service providers segment is expected to create total incremental opportunity of
US$ 5.9 Bn between 2016 and 2026
The end-use industries segment is expected to create total incremental opportunity of US$ 1.2
Bn between 2016 and 2026
By motive mechanism
Self-propelled
Manually propelled
Report
Description
Report Description
Market projections
The self-propelled segment is anticipated to expand at a CAGR of 6.7% over the forecast
period
The manually propelled segment is estimated to expand at a CAGR of 3.7% over the
forecast period
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The global aerial work platforms (AWP) market is expected to be valued at US$ 15.3 Bn
by the end of 2026, increasing at a CAGR of 6.5% during the forecast period. North
America is likely to dominate the global AWP market with a 48.3% market revenue share,
valued at US$ 3.9 Bn by the end of 2016. In terms of revenue, North America is estimated
to account for 45.5% revenue share of the overall AWP market by the end of the forecast
period, expanding at a CAGR of 5.9%. The North America and Western Europe markets
are collectively likely to account for over two-thirds of the global aerial work platforms
market share by the end of 2016. Sales revenue in the APEJ market is poised to increase
at the fastest CAGR of 11.7% between 2016 and 2026. China is expected to lead overall
market growth in this region.
The leading players operating in the global aerial work platforms market are Linamar
Corporation, JLG Industries, Inc., MEC Aerial Work Platforms, Terex Corporation, Tadano
Ltd., Haulotte Group, Mtandt Limited, V-tech Hydraulics, Zhejiang Dingli Machinery Co.
Ltd., and Snorkel International, Inc.
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