Scissor Lift Type segment has been gaining major popularity

Date: 8 May 2020

According to a research report published by Azoth Analytics in April 2020, the Global Aerial Working Platform Market was valued at USD 20150.65 Million in the year 2019. Growing concern towards worker safety as well as rising demand from building and infrastructure sector pulls the AWP market and is also expected that surging government spending on construction will further propel the demand for more number of AWP fleets in the market.

Leading Aerial Working Platform manufacturers are focusing on the development of new products. For example, in July 2019, MEC Aerial Work Platform announced the launch of new Micro 26 slab scissor lift. The new platform features a 36-inch roll out extension deck that includes incremental lock positions, maximizing productivity and material usage. Moreover, in March 2020, JLG Industries, Inc., an Oshkosh Corporation company and leading global manufacturer of mobile elevating work platforms and telehandlers, announced the introduction of its 670SJ self-levelling boom lift. The 670SJ self-levelling boom provides a safer and more productive solution to a number of common customer pain points on slopes up to 10 degrees when compared to a standard boom lift. 

According to the Azoth Analytics research report titled Global AerialWorking Platform Market, the North America region has the largest market share in year 2019 while it is estimated that North America will remain dominant during the forecast period with United States being the leading country in the region. Also, North America being the developed nation, hence renovation as well as maintenance and repair work of already built residential and commercial spaces requires the need of increasing number of Aerial Working Platforms.

Among the Product Type segment in the Aerial Working Platform market (Boom Lifts, Scissor Lifts, Vertical Mast Lifts, Others), Scissor Lift Type segment has been gaining popularity among various other segments and is expected to keep major market share in the forecast period owing to the rising demand in installation and maintenance applications and also mainly due to its operational benefits.

Based on End-User segment, Construction & Mining segment holds the major share in the aerial working platform market followed by Telecommunication and Transport & Logistics segment. Owing to rising residential and commercial buildings construction and maintenance work in many developing nations such as China, Brazil, India etc., the Construction & Mining sector holds the majority share.