Aerial work platform market is anticipated to exhibit a CAGR of 5.2% during the forecast period (2021-2027). Growing end-user industries of aerial work platforms are creating demand for aerial lifts for different applications which in turn is driving its market growth. Moreover, the strict implementation of stringent worker safety regulations is further expected to stimulate the product demand during the forecast period. Looking towards the rising demand for aerial work platforms, several players are launching new aerial lifts in the market to meet the emerging requirement of their customers.
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For instance, in October 2020, ALMAC SRL has launched its new electric self-propelled crawler lifts, it is a new 16 m, 100% electric, zero-emission, self-propelled telescopic boom named the JIBBI 1670 LTH. The launch of various products is likely to broaden the company’s product and strengthen its position in the market. In October 2020, Custom Equipment LLC has introduced Intelligent Controls, offering intuitive and safe operation of lifts. The new Controller Area Network (CAN) bus controls come standard on all Pro Series Hy-Brid Lift models and replace the previous hard-wired controls. With features including a diagnostics display, indoor/outdoor selection, and movement controls, the panel makes operation easier than ever for users. With this the company is innovating its product offerings.
Market Coverage
- Market number available for – 2020-2027-
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Product Type
- By Drive Type
- By Application
- Competitive Landscape- Titan Worldwide, Inc., Toyota Industries, Corp., Youngman Pvt., Ltd., Custom Equipment, LLC, and Bishamon Industries, Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in base year?
- Which segment will project fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from pre-COVID forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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European Aerial Work Platform Market Report Segment
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.)
