World’s Leading Top 12 Aerial Work Platform Companies 2023 – Financials, Business Strategies, Major News
Global Aerial Work Platform Industry Overview 2023:
Aerial work platforms (AWP), or bucket trucks, represent mechanical aerial devices used for performing airborne maintenance and construction activities at elevated platforms or heights. It is equipped with scissors, vertical and articulated boom lifts, compressed air connectors, power tools, and specialized equipment, including window glass frames and under-bridge units, for lifting operators. AWP provides enhanced security, mobility, and flexibility to the operator to reach narrow and challenging construction areas. Consequently, they are widely used for transportation and logistics, retail, warehouse & storage applications.
How Big is the Aerial Work Platform Market:
· Market Size Value in 2022:US$ 8.8 Billion
· Industry Revenue Forecast in 2028:US$ 13.5 Billion
· Growth Rate:CAGR of 7.18%
· Base Year of Estimation:2022
· Historical Data:2017-2022
· Future Forecast Period:2023-2028
Global Aerial Work Platform Industry Driving Factors and Future Demand Analysis:
The development of smart cities and the widespread adoption of the device for conducting the maintenance activities of existing infrastructure are among the key factors stimulating the aerial work platform market. Furthermore, the rising focus of numerous construction organizations on enhancing worker and operator safety while performing supervision actions is acting as another significant growth-inducing factor. Apart from this, the increasing availability of rental services for temporarily hiring aerial work platforms is also propelling the market growth. Moreover, several technological advancements, such as the integration of tilt sensors and automatic self-checking instruments in novel AWPs, are positively influencing the global market.
Besides this, the growing adoption of these advanced systems, as they provide real-time warnings and alerts to the operator, and enhance the operational safety of the equipment, is further fueling the market growth. Additionally, the top companies, including Aichi Corporation (Toyota Industries Corporation), Dinolift OY, Haulotte Group (Solem SA), Hunan Sinoboom Intelligent Equipment Co. Ltd., Tadano Ltd., etc., are entering into strategic partnerships to expand their consumer base, which is also driving the global market. In addition to this, the construction of high-rise buildings and various infrastructural developments, especially in developing economies, are anticipated to fuel the aerial work platform market over the forecasted period.
By IMARC Group, the Top 12 Aerial Work Platform Companies in the World 2023:
· Aichi Corporation (Toyota Industries Corporation)
· Dinolift OY
· Haulotte Group (Solem SA)
· Hunan Sinoboom Intelligent Equipment Co. Ltd
· JLG Industries, Inc. (Oshkosh Corporation)
· LGMG North America Inc.
· Linamar Corporation
· Manitou Group
· MEC Aerial Work Platforms
· Tadano Ltd
· Terex Corporation
· Zhejiang Dingli Machinery Co Ltd.
Extract from IMARC Group