© 2017 Global Market Insights, Inc. USA. All Rights Reserved Aerial work platforms industry analysis research and trends report for
The Aerial work platforms 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. The load-sensing technologies deployed in the newly developed MEWPs disable functioning in case of excessive weight, further providing more safety to the platform operators. Moreover, the Aerial work platforms market is experiencing the emergence of self- propelled access platforms that provide increased flexibility, stability, and security to the users. Easy transportation & operation of the self-propelled machinery is supporting the rising utilization in various application sectors including energy and oil & gas for maintenance purposes. © 2017 Global Market Insights, Inc. USA. All Rights Reserved Global Market Scenario of Construction Industry
Aerial Work Platform (AWP) Market size is set to exceed USD 16 billion by 2025; according to a new research report by Global Market Insights, Inc. The global shipments are expected to grow at a CAGR of over 8.5% from 2019 to Personal portable lifts are gaining popularity among in-house maintenance & temporary construction applications for performing low-height operations. Due to technical advancements in machinery sectors, the low-level access platforms are being replaced by conventional ladders & scaffolding to achieve high safety levels. Several companies operating in the Aerial work platforms market are developing new personal portable lifts offered as safe alternatives to the conventional ladders. For instance, in March 2017, JLG Industries, Inc. announced the launch of its low- level access solutions, LiftPod and EcoLift series. The engine-powered platforms are anticipated to grow at 8% CAGR from 2019 to 2025 attributed to the increasing utilization in the major application industries including construction, mining, and government. The Aerial work platforms market 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. Continue :- © 2017 Global Market Insights, Inc. USA. All Rights Reserved
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© 2017 Global Market Insights, Inc. USA. All Rights Reserved Make An Inquiry To Purchase This Competitive Analysis: The key players operating in the Aerial work platforms 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. Regional Analysis: The North America Aerial work platforms 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.
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