The Aerial Work Platform Global Market Report 2023, provides comprehensive information on the template market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Aerial Work Platform Global Market Report 2023, the global aerial work platform market size is expected to grow from $11.77 billion in 2022 to $12.51 billion in 2023 at a compound annual growth rate (CAGR) of 6.25%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aerial work platform market size is expected to reach $16.17 billion in 2027 at a CAGR of 6.62%.
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Technological advancements are a key trend gaining popularity in the aerial work platform market. Major companies operating in the aerial work platform market are focused on developing innovative technologies to strengthen their position in the market. For instance, in September 2021, JLG Industries Inc., a US-based company, launched the JLG 670SJ self-levelling boom lift. This innovative boom lift technology instantly adapts to terrain on slopes up to 10 degrees in every direction using a fully integrated, smart-adapting steel chassis with self-levelling technology. Additionally, it has automated single-sensor load detection with zero-load calibration, which limits range based on the load on the platform to maintain the machine within the authorized work envelope. and It ensures users are better informed about what’s happening at ground level when they are at height by continually receiving performance data from sensors and then displaying the information on a digital display in the platform.
The template market is segmented:
1) By Product Type: Scissor Lifts, Boom Lifts, Telehandler, Other Product Types
2) By Fuel Type: Fuel-Based, Electric, Hybrid
3) By Lifting Height: 20 Feet, 20 To 50 Feet, 50 To 70 Feet, Above 70 Feet
4) By End-User Industry: Construction, Utilities, Logistics And Transportation, Other End-User Industries
North America was the largest region in the template market in 2022.
The table of contents in TBRC’s template market report includes:
- Executive Summary
- Aerial Work Platform Market Characteristics
- Aerial Work Platform Market Trends And Strategies
- Aerial Work Platform Market – Macro Economic Scenario
- Aerial Work Platform Market Size And Growth
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- Africa Aerial Work Platform Market
- Aerial Work Platform Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Aerial Work Platform Market
- Aerial Work Platform Market Future Outlook and Potential Analysis
- Appendix
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