Aerial Work Platform Truck Trends and Forecast
The future of the global aerial work platform truck market looks promising with opportunities in the construction, telecommunication, transport & logistic, and government markets. The global aerial work platform truck market is expected to grow with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are rising demand for construction and maintenance activities, increasing need for material handling equipment in manufacturing units and factories, and expanding integration of telematics and IoT in AWP trucks.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aerial Work Platform Truck by Segment
The study includes a forecast for the global aerial work platform truck by product, end use, and region.
Aerial Work Platform Truck Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Boom Lifts
• Scissor Lifts
• Vertical Mast Lifts
• Personnel Portable Lifts
Aerial Work Platform Truck Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Construction
• Telecommunication
• Transport & Logistics
• Government
• Others
Aerial Work Platform Truck Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aerial Work Platform Truck Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aerial work platform truck companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aerial work platform truck companies profiled in this report include-
• AICHI CORPORATION
• Altec Industries
• Bronto Skylift
• CTE
• RUNSHARE Heavy Industry Company
• Calcanto Werbeagentur
• Shenyang North Traffic Heavy Industry Group
Aerial Work Platform Truck Market Insights
Lucintel forecasts that boom lift will remain the largest segment over the forecast period due to its growing utilization in complex architectural environments or confined spaces.
Within this market, construction will remain the largest segment over the forecast period.
North America will remain the largest region over the forecast period due to expansion of construction industry and presence of key players in the region.
Features of the Global Aerial Work Platform Truck Market
Market Size Estimates: Aerial work platform truck market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aerial work platform truck market size by product, end use, and region in terms of value ($B).
Regional Analysis: Aerial work platform truck market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the aerial work platform truck market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aerial work platform truck market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the growth forecast for aerial work platform truck market?
Answer: The global aerial work platform truck market is expected to grow with a CAGR of 7.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the aerial work platform truck market?
Answer: The major drivers for this market are rising demand for construction and maintenance activities, increasing need for material handling equipment in manufacturing units and factories, and expanding integration of telematics and IoT in AWP trucks.
Q3. What are the major segments for aerial work platform truck market?
Answer: The future of the aerial work platform truck market looks promising with opportunities in the construction, telecommunication, transport & logistic, and government markets.
Q4. Who are the key aerial work platform truck market companies?
Answer: Some of the key aerial work platform truck companies are as follows:
• AICHI CORPORATION
• Altec Industries
• Bronto Skylift
• CTE
• RUNSHARE Heavy Industry Company
• Calcanto Werbeagentur
• Shenyang North Traffic Heavy Industry Group
Q5. Which aerial work platform truck market segment will be the largest in future?
Answer: Lucintel forecasts that boom lift will remain the largest segment over the forecast period due to its growing utilization in complex architectural environments or confined spaces.
Q6. In aerial work platform truck market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to expansion of construction industry and presence of key players in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aerial work platform truck market by product (boom lifts, scissor lifts, vertical mast lifts, and personnel portable lifts), end use (construction, telecommunication, transport & logistics, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aerial Work Platform Truck Market, Aerial Work Platform Truck Market Size, Aerial Work Platform Truck Market Growth, Aerial Work Platform Truck Market Analysis, Aerial Work Platform Truck Market Report, Aerial Work Platform Truck Market Share, Aerial Work Platform Truck Market Trends, Aerial Work Platform Truck Market Forecast, Aerial Work Platform Truck Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.