Aerial Work Platforms Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Aerial Work Platforms Market Size accounted for USD 17.3 Billion in 2022 and is estimated to achieve a market size of USD 39.4 Billion by 2032 growing at a CAGR of 8.7% from 2023 to 2032.

Aerial Work Platforms Market Highlights

• The global aerial work platforms market is set to achieve revenue of USD 39.4 billion by 2032
• The AWP market is experiencing a CAGR of 8.7% from 2023 to 2032
• In 2022, North America dominated the aerial work platforms market with USD 6.7 billion in revenue
• The Asia-Pacific AWP market is likely to witness growth of over 9.8% from 2023 to 2032
• Among products, the boom lifts sub-segment generated revenue exceeding USD 10.2 billion in 2022
• In terms of application, the 10 to 20 meters sub-segment accounted for approximately 56% of the market share in 2022
• Sustainable and eco-friendly AWP designs represent a notable trend in the aerial work platform (AWP) market, driving increased demand in the industry

An aerial work platform, also known as a bucket truck, aerial device, mobile elevating work platform (MEWP), or elevating work platform (EWP), is a mechanical device used to provide temporary access to inaccessible areas for people or equipment, such as transporting workers to heights. Aerial work platforms (AWPs) are gaining popularity due to the integration of advanced technical features, including telematics, sensors, and CAN bus technology. These integrations have improved safety levels compared to traditional platforms. In recent years, manufacturers of aerial work platforms have been leveraging a combination of these technologies and machines to enhance operational efficiency. For example, the integration of CAN bus technology allows for the combination of various controllers and sensors, emerging as a valuable operational feature for the benefit of workers.

Global Aerial Work Platforms Market Dynamics

Market Drivers

• Increased demand for construction and maintenance activities
• Emphasis on worker safety and regulations
• Growing need for access to hard-to-reach areas
• Advancements in technology and automation

Market Restraints

• High initial capital investment
• Limited awareness and training for operators
• Maintenance and repair costs
• Environmental concerns

Market Opportunities

• Emerging markets in developing countries
• Rental and leasing services for aerial work platforms (AWPs)
• Customized solutions and product innovations
• Integration of telematics and IoT for fleet management

Aerial Work Platforms Market Report Coverage

Aerial Work Platforms Market Insights

The increasing demand for efficient work process optimization, facilitated by the utilization of advanced devices like aerial work platforms (AWPs), stands as a fundamental driver for the growth of the AWP market. These platforms offer a means to enhance productivity by providing access to otherwise hard-to-reach areas, thus enabling more efficient completion of tasks. This efficiency gain is particularly critical in industries where time is of the essence, such as construction, where delays can have significant cost implications.

Furthermore, the rapid growth of sectors like power generation, infrastructure development, and others has led to a surge in repair and maintenance activities on a global scale. As aging infrastructure requires upkeep and expansion, the demand for AWPs has increased substantially. These platforms are invaluable for safely and efficiently conducting maintenance, inspection, and repair work on structures like power lines, bridges, and buildings.

Another driving force behind the AWP market is safety enhancement. Aerial work platforms contribute significantly to improving safety measures at worksites. Workers no longer need to rely on makeshift, often hazardous means to access elevated areas. With AWPs, they can access these locations with ease and minimal risk. This heightened safety factor not only protects the well-being of workers but also minimizes accidents and injuries, thereby reducing associated costs and potential legal liabilities for employers.

Additionally, the growing adoption of tall and heavy machinery in industries such as construction and mining has further fueled the demand for aerial work platforms. These industries frequently require workers to operate or maintain equipment at significant heights. AWPs provide a secure and efficient solution for these tasks, ensuring that workers can perform their duties with confidence and precision.

Aerial Work Platforms Market Segmentation

The worldwide market for aerial work platforms (AWP) is segmented by product, type, platform height, application, and geography. The product segment is further sub-segmented into boom lifts, scissor lifts, vertical mass lifts, and personal portable lifts. The type segment is bifurcated into electric and engine powered. Platform height covers below 10 meters, 10 to 20 meters, 20 to 25 meters, and above 25 meters. Application segment categorizes as rental, construction & mining, government, transportation & logistics, and utility.

Aerial Work Platforms Products

• Boom Lifts
• Scissor Lifts
• Vertical Mass Lifts
• Personal Portable Lifts

According aerial work platforms (AWP) industry analysis, scissor lifts have traditionally been quite popular in various industries, including construction, maintenance, and warehousing. They are adaptable, simple to use, and appropriate for a wide range of indoor and outdoor applications. Boom lifts, particularly articulated and telescopic variants, are frequently employed in construction and maintenance jobs requiring access to high or difficult-to-reach regions. They are preferred when both vertical reach and horizontal outreach are required. Vertical mast lifts are popular due to their small size and ability to manoeuvre in small places. They are widely utilised indoors, such as in warehouses and other facilities with limited space.

Aerial Work Platforms Types

• Electric
• Engine Powered

Based on aerial work platform industry, electric-powered AWPs have gained popularity due to their environmental friendliness, lower operating costs, and suitability for indoor applications. They are often preferred in industries and environments where emissions, noise levels, and indoor air quality are significant concerns. Electric AWPs are commonly used for tasks such as maintenance in warehouses, manufacturing facilities, and retail spaces.

Engine-powered AWPs, which typically run on gasoline, diesel, or hybrid power sources, are preferred for outdoor applications and tasks that require higher levels of mobility and rough terrain capabilities. They are commonly used in construction, agriculture, and infrastructure maintenance where the ability to move quickly across uneven ground is essential.

Aerial Work Platforms Platform Heights

• Below 10 Meters
• 10 to 20 Meters
• 20 to 25 Meters
• Above 25 Meters

According to the aerial work platforms industry analysis, the AWP units with platform heights below 10 meters (approximately 33 feet) are commonly used for indoor applications, routine maintenance, and tasks that require access to relatively low heights. These are often popular in industries like warehousing, facilities maintenance, and retail.

10 to 20 meters height range covers a broad spectrum of applications, including indoor and outdoor tasks. AWPs with platform heights between 10 and 20 meters (approximately 33 to 66 feet) are frequently used in construction, building maintenance, and tree care, as they provide access to mid-level heights.

AWPs with platform heights in the 20 to 25 meter range (approximately 66 to 82 feet) are often chosen for tasks that require access to higher structures and elevated work areas. They are commonly used in construction, industrial maintenance, and utilities.

AWPs with platform heights above 25 meters (approximately 82 feet) are typically reserved for specialized applications, such as tall building construction, high-rise maintenance, and certain industrial projects where extremely high access is required.

Aerial Work Platforms Applications

• Rental
• Construction & Mining
• Government
• Transportation & Logistics
• Utility

According to the aerial work platforms market forecast, construction & mining is expected to dominate the market due to several key factors. These industries frequently require access to elevated work areas for a wide range of applications. In construction, AWPs are crucial for tasks like building construction, maintenance, and repair work, providing a safe and efficient means of reaching heights that traditional methods cannot match.

Similarly, in the mining sector, AWPs are indispensable for maintaining and servicing heavy machinery and equipment. These machines often operate in challenging and remote environments, making regular maintenance and repair work essential for their efficient operation. AWPs enable workers to access these elevated and sometimes hazardous areas safely.

Moreover, the construction and mining industries have consistently driven demand for AWP rentals. Many businesses within these sectors prefer renting AWP equipment over purchasing it outright due to the variability of their project needs. This preference for rental services has further contributed to the dominance of these industries in the AWP market.

Aerial Work Platforms Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Aerial Work Platforms Market Regional Analysis

In terms of demand and consumption, North America was the key region in the global aerial work platforms (AWP) market and was expected to hold a significant market share in 2022. The rapid growth in infrastructural projects, both commercial and residential, was one of the primary factors contributing to the increased demand for aerial work platforms (AWPs). Additionally, the availability of disposable income and the quick adoption of equipment such as AWPs to maintain a secure and safe working environment for workers boosted the adoption of these platforms in this region.

The European region was expected to hold the second position in terms of volume utilization of aerial work platforms (AWPs). Industries in this region also showed a strong inclination toward improving workplace safety and optimizing workflow processes to maintain efficiency.

Aerial Work Platforms Market Players

Some of the top aerial work platforms companies offered in our report includes Bronto Skylift, Linamar Corporation, AICHI CORPORATION, HAULOTTE GROUP, EdmoLift AB, Altec Industries, DINOLIFT OY, Advance Lifts, Inc., JLG Industries, MEC, and RUNSHARE Heavy Industry Company, Ltd.