Sarasota, FL -- (SBWIRE) -- 05/17/2018 -- Aerial Work Platform Market: Overview
Aerial work platforms (AWPs) also known as Elevating Work Platform is a mechanical device that can be used by workers and technicians, to physically or manually reach inaccessible areas known as aerial work platforms. AWPs are widely used in construction and mining industries, due to the nature of work, difficulty in structural design and height. Aerial work platforms (AWPs) are also used in repair activities and maintenance of high tension power lines, disaster management operations and also in defense sectors. AWP has now become more of a necessity in every metropolitan city and found an extensive use in certain fields such as engineering, electrification, maintenance and emergency services. The market of aerial work platform is majorly driven by the factors such as rising investment in construction and increase in adoption of time savings and safe equipment.
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Aerial Work Platform Market: Growth Factor
The major reason for the growth of aerial market industry is due to large-scale construction projects, increasing installation and maintenance activities of street lights, power cables and transformers, up-gradation of fire-fighting stations and related infrastructure, and increasing organization of festivals, concerts and corporate events on a larger scale are driving the need for AWPs across the globe. Some of the primary drivers of the market are economic growth in developing countries, growing investments in real estate, developing telecommunication networks, increase in urbanization, worker safety concerns and adoption of best practices for efficient and sophisticated construction methods. The increase in the use of heavy and heighted machineries in mining sector has also stimulated the demand for aerial work platform (AWP), as it decreases the risk of workers to work at heights. In addition to this, increasing use for maintenance & repairs of high tension power lines is predicted to drive the demand of AWPs. Additionally, with the growing trend of music concerts and large public events, the event management industry is expected to emerge out as a profitable platform for the growth of aerial work platform market in the near future.
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Aerial Work Platform Market: Segmentation
The segmentation of the Aerial Work Platform market is based upon main five categories 1) Mechanism: Based upon the mechanism, the AWP market is segmented into the self-propelled mechanism and manual mechanism.2) Product: based upon product the market is segmented into four categories, i.e. boom lift, scissors lift, vertical mass lift and personal portable lift.3) Fuel Type: on the basis of fuel type it is categorized as petrol, gas, electric, hybrid fuel. 4) Platform Height: in this the market is segmented into four categories, i.e., 0 feet-30 feet, 30feet-60feet, 60feet - 100feet and more than 100 feet.5) By User End: it is classified as, construction, mining, manufacturing, telecommunication, transport & logistics and others (public administration).
Aerial Work Platform Market: Regional Analysis
Based on geography, the classification of market is done as North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North-America is estimated to dominate the global aerial work platform market in near future due to rapid growth in building construction, skyscrapers and rising concern towards maintenance and repair activities of constructed structures. In addition, the Asia-Pacific market is expected to be the fastest growing market across the globe over the forecast period due to presence of emerging economies such as India, China, Japan, Malaysia, and South Korea
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Aerial Work Platform Market: Key Players
Some of the prominent players in the field of manufacturing and selling aerial work platform are Caterpillar, MEC Aerial Work Platforms, Terex, Bosch Rexroth, Bronto Skylif, Shen Yang North Traffic Heavy Industry Group, Ruthmann, and Galipoglu Hidromas. And which contributes to major market share globally.
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