What Does the Aerial Work Platform Market Size Analysis Reveal?
The aerial work platform market size has witnessed substantial growth in recent years, escalating from a market value of $13.23 billion in 2024 to $14.06 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The promising growth in the historic period can be accredited to advancements in areas like greenhouse farming, pest prevention, UV radiation protection, crop protection, and crop yield enhancement.
The future holds considerable growth potentials for the aerial work platform market, with projections indicating a rise to $18.97 billion by 2029 at a CAGR of 7.8%. The expectancy for such robust market growth can be attributed to population growth, food security, changing climatic conditions, increasing adoption of precision agriculture, rise in vertical farming, and sustainable agriculture initiatives. The looming trends include innovation in net materials, anti-hail, and frost protection nets, netting for organic farming, and netting for shade and climate control, and symbiotic collaborations between farmers and technology providers.
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What are the Key Drivers of the Aerial Work Platform Market?
The aerial work platform market is poised to leverage the escalating residential and commercial construction activities. Residential and commercial constructions include the creation of homes, apartments, business structures, which require temporary access to elevated areas. Aerial Work Platforms (AWPs) meet this need, making construction tasks safer and more manageable. For instance, the Office for National Statistics reported a surge in the UK’s new construction work value by a record 15.8% to $173,100 million (£132,989 million) in 2022 due to significant growth in private sector work and public sector work. Thus, rise in residential and commercial construction activities drives the growth of the aerial work platform market.
How is the Aerial Work Platform Market Segmented?
The aerial work platform market report covers the following segments:
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
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What Major Players Are Operating in the Aerial Work Platform Market?
The aerial work platform market showcases major firms such as Terex Corporation, MEC Aerial Work Platforms, JLG Industries Inc., Galmon (S) Pte Ltd., Aichi Corporation, Haulotte Group SA, EdmoLift AB, Manitou Group, Linamar Corporation, Advance Lifts Inc., Altec Industries Inc., Oshkosh Corporation, Skyjack Inc., Tadano Limited, Liebherr-International AG, Palfinger AG, Ponss Group, Hunan Sinoboom Intelligent Equipment Co. Ltd., LGMG Holding S.p.A., Zhejiang Dingli Machinery Co. Ltd., XCMG Group, Ruthmann GmbH, Teupen Maschinenbau GmbH, Time Benelux NV, Econo Lift Ltd., Bishamon Industries Corp., Snorkel International Ltd., Genie, Holland Lift, Dinolift OY.
What Are the Emerging Trends in the Aerial Work Platform Market?
Companies in the aerial work platform market are focussing on the development of innovative products, including intuitive control panels and scissor lifts. For instance, in March 2024, the France-based Manitou Group launched a new scissor lift range designed to advance safety and efficiency in varying lifting applications. The product line includes models SE 0808 and SE 1008, designed with premium components, high-efficiency AC motors, and lightweight structure, making these lifts ideal for both indoor and outdoor environments.
Which Region Is the Fastest Growing in the Aerial Work Platform Market?
While North America held the largest share in 2024, Asia-Pacific is projected to be the fastest-growing region in the global aerial work platform market during the forecast period. The aerial work platform market report covers the regions of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Aerial Work Platform Global Market Report 2025 Offer?
An aerial work platform (AWP), also known as an aerial lift, is a mechanical device used for temporary access to elevated work areas often used in construction, maintenance, and repair tasks. The Aerial Work Platform Global Market Report 2025 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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