Aerial work platform market is projected to grow at a considerable CAGR of 5.7% during the forecast period (2021-2027). The rising use of aerial lifts for construction & building maintenance, manufacturing & retail, automotive, and transport application is a major factor driving the growth of the global aerial work platforms market. Moreover, increased production capacities, housing/infrastructural expansions, and new warehouses are likely to create scope for aerial lift manufacturers. However, lack of trained workforce to handle new technology-based equipment may hinder the market growth. To combat with the adverse factors, cohesive government regulations are getting introduced to the market.
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For instance, in the US, the A92 standards were approved in May 2020 by the American National Standards Institute (ANSI) Boards of Standard Review, which applies to telescopic boom, articulated boom, and scissor lifts built after June 1st, 2020. It includes better training for Mobile Elevating Work Platform (MEWP) operators, site risk assessments, along with written rescue plans at construction sites. Moreover, the manufacturer has to integrate specific safety features into products such as load-sensing technology. It will prevent overloading of the aerial lifts.
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Global Aerial Work Platform Market Segmentation
By Product Type
- Boom Lift
- Scissor Lift
- Vertical Mass Lifts
- Personal Portable Lifts
By Drive Type
- Hydraulic
- Electrical
- Pneumatic
By Application
- Construction & Building Maintenance
- Manufacturing & Retail
- Automotive
- Warehousing
- Transport
- Logistics
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
