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Aerial Work Platform (AWP) Truck Market Size By Application (Construction, Telecommunication, Transport & Logistics, Government), By Product (Boom Lifts, Scissor Lifts, Vertical Mast Lifts, Personal Portable Lifts), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, India, China, Mexico, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
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Global Market Scenario of Aerial Work Platform Truck • Aerial Work Platform (AWP) Truck Market size was over USD 2.4 billion in 2015, and is anticipated to grow at 18.5% CAGR from 2016 to 2024. • Global aerial work platform truck industry is poised for growth owing to growing number of large scale construction activities and increasing public infrastructure spending, especially in countries such as China, India and Brazil. • Increasing private investment coupled with renovation activities in North America and Europe are expected to favorably impact global aerial work platform truck market size over the forecast timeline. • Increase use in the mining and construction industry owing to the hazardous nature of work, elevation and complexity in structural design offered by these machines, is expected to play a pivotal role in AWP truck market growth. • https://www.gminsights.com/industry-analysis/aerial-work-platform-awp-truck-market
Continue..... • Growing use for disaster management operations, maintenance & repair activities of high tension power lines and in the defense sector are estimated to catapult demand. • Event management is expected to emerge as a lucrative application area for the aerial work platform truck market. • Increasing organization of festivals, concerts and corporate events wherein these vehicles are used is expected to favorably impact growth. Increasing adoption of high-quality practices for efficient and sophisticated construction methods is anticipated to favorably impact revenue. • Lack of technology awareness among workers may hamper revenue. Unavailability of authorized specific personnel to operate aerial work platform/lifts is expected to hinder industry growth. • https://www.gminsights.com/industry-analysis/aerial-work-platform-awp-truck-market
China Aerial Work Platform Truck Market size, by product, 2013-2024 (USD Million) https://www.gminsights.com/industry-analysis/aerial-work-platform-awp-truck-market
360° Analysis • Application Analysis • Construction accounted for more than 34% of the aerial work platform truck market share in 2015, and is anticipated to be valued over USD 4 billion by 2024. Increasing infrastructure development and large construction projects are anticipated to consumption for construction process. The transport & logistics segment was valued at over USD 550 million in 2015. Growing demand for material handling in manufacturing units and factories are estimated to drive growth. • Regional Analysis • Asia Pacific AWP truck market share is predicted to grow at 18.7% CAGR from 2016 to 2024 owing to increasing number of cell phone users and rising need for good telecommunication infrastructure. U.S. aerial work platform truck market size is expected to be driven by increasing private investment coupled with renovation activities. • Competitive Market Share • Key industry players contributing to aerial work platform truck market share include Terex Corporation, Aichi Corporation, Haulotte, Tadano Limited. Other prominent industry participants include CTE, Hunan Runshare, Time Benelux, Ruthmann, Shen Yang North Traffic Heavy Industry, and Teupen.
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