2019 Aerial Device Market Size – Global Industry Trends Forecast and Growth Drivers to 2025

Global Market Insights, Inc. has recently added a new 2019 to 2025 report on aerial work platforms market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of aerial device industry.

Selbyville, United States - May 2, 2019 /MarketersMedia/ —

The engine-powered aerial device market is expected to achieve 8% CAGR from 2019 to 2025 attributed to the increasing utilization in the major application industries including construction, mining and government. The aerial work platform customers operating in major regions including North America and Europe have utilized these machines due to high investment capabilities and the need to provide safe working conditions to the labors. The (mobile elevated work platform) MEWP market is also expanding due to low labor availability & high cost of existing labors in these regions. To reduce labor costs, achieve efficiency, and cut operational time, the application industries are deploying aerial work platforms, further developing the market.

According to the report, the aerial work platform market size is set to exceed USD 16 billion by 2025 with the global shipments are expected to grow at a CAGR of over 8.5% from 2019 to 2025. The aerial device market is witnessing high popularity due to the integration of advanced technical features, such as CAN bus, sensors, and telematics, as these technologies offer better safety parameters over the conventional platforms. By integration of CAN bus technology, machines leverage a combination of various controllers and sensors, offering new operational features for the workers.

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Global Aerial Device Market Growth drivers-

1. Increasing construction activities across the globe

2. Development of technically advanced access platforms

3. Several smart city investments globally

4. High popularity of rental equipment in the Asia Pacific

5. Growing reconstruction and maintenance activities in Japan

6. Increasing infrastructure transformation plans in Indonesia and Thailand

7. Development of urban infrastructure in South Africa and India

8. Infrastructure development and maintenance projects in Brazil and Mexico

9. Growing investment in mining projects across Latin America & MEA

The aerial device market from construction & mining applications was valued at around USD 3 billion in 2018 and are increasingly deployed in complex building & general infrastructure projects across the globe. Government projects mainly deploy efficient machines & platforms to provide enhanced safety and reduce the load on human workers. The rising awareness in the South-East Asian countries and other developing countries related to machinery & time-saving benefits is further rising the requirement for technically-advanced platforms to address the construction sector demand. Countries including South Africa, India, and Japan are witnessing several infrastructure transformation activities that are expected to procure AWPs in huge amounts, further supporting the market growth prospects.

There is an increase in the demand for machinery with platform height between 20 to 25 meters in the utility, rental, and construction applications. The aerial device market demand is attributed to high flexibility & stability offered by these platforms at such working heights. Additionally, the machinery ensures operator safety with the telematics & sensor technology integrated into it. The aerial device market products are deployed among various infrastructure development, utility work, building maintenance, security, indoor construction, window washing & repairing, electric line repairs, and sporting events, driving the industry demand.

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The North America aerial device market is expected to reach over USD 6 billion by 2025 attributed to several building maintenance & construction activities across the commercial & residential sector. The demand is also increasing due to the presence of technically-aware and economically-stable population, supporting the deployment of costly MEWPs. Also, high government support for utilizing newly manufactured products with safety parameters and reduction of upcoming worker accidents is driving high consumption of new products in the industry. Workers obtain certified trainings from the manufacturers and other organizations to ensure safety and reduce workplace fatalities, further adding to the MEWP market development.

The key players operating in the aerial device market are Niftylift, JLG Industries, Inc., Snorkel, Haulotte, Terex Corporation, Aichi Corporation Skyjack, Tadano, Manitou, Altec, Holland Lift, and Sinoboom. The companies are investing in R&D activities to develop differentiated & eco-friendly machinery compared to their competitors. These companies are also adopting expansion strategies by developing manufacturing & distribution network across various regions to address the growing customer demand. Players are focusing on gaining government contracts and orders owing to huge infrastructure investments going on in the Asian and the Middle East & African countries. Manufacturers in the AWP market are adopting partnership & collaboration strategies to integrate enhanced components & technologies into existing products.

Browse key industry insights spread across 300 pages with 423 market data tables & 26 figures & charts from the report, “(AWP) Aerial Work Platforms Market Size By Product (Boom Lifts, Scissor Lifts, Vertical Mass Lifts, Personal Portable Lifts), By Type (Electric, Engine Powered), By Platform Height (Below 10 Meters, 10 to 20 Meters, 20 to 25 Meters, Above 25 Meters), By Application (Rental, Construction & Mining, Government, Transportation & Logistics, Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aerial-work-platform-awp-truck-market-report

Partial Table of Contents (ToC) of the report:

Chapter 4. Aerial Work Platforms Market, By Product (Revenue & Shipment)
4.1. Key trends by product
4.2. Boom lifts
4.2.1. Market estimates and forecast, 2015 – 2025
4.3. Scissor lifts
4.3.1. Market estimates and forecast, 2015 – 2025
4.4. Vertical mass lifts
4.4.1. Market estimates and forecast, 2015 – 2025
4.5. Personal potable lifts
4.5.1. Market estimates and forecast, 2015 – 2025

Chapter 5. Aerial Device Market, By Type (Revenue & Shipment)
5.1. Key trends by type
5.2. Electric
5.2.1. Market estimates and forecast, 2015 – 2025
5.3. Engine powered
5.3.1. Market estimates and forecast, 2015 – 2025

Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/aerial-work-platform-awp-truck-market-report

Chapter 6. Aerial Work Platforms Market, By Platform Height (Revenue & Shipment)
6.1. Key trends by platform height
6.2. Below 10 Meters
6.2.1. Market estimates and forecast, 2015 – 2025
6.3. 10 to 20 Meters
6.3.1. Market estimates and forecast, 2015 – 2025
6.4. 20 to 25 Meters
6.4.1. Market estimates and forecast, 2015 – 2025
6.5. Above 25 Meters
6.5.1. Market estimates and forecast, 2015 – 2025

Chapter 7. Aerial Device Market, By Application (Revenue & Shipment)
7.1. Key trends by application
7.2. Rental
7.2.1. Market estimates and forecast, 2015 – 2025
7.3. Construction & mining
7.3.1. Market estimates and forecast, 2015 – 2025
7.4. Government
7.4.1. Market estimates and forecast, 2015 – 2025
7.5. Transportation & logistics
7.5.1. Market estimates and forecast, 2015 – 2025
7.6. Utility
7.6.1. Market estimates and forecast, 2015 – 2025

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https://www.gminsights.com/industry-analysis/construction-equipment-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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