Indian aerial work platform market is anticipated to exhibit a CAGR of 6.4% during the forecast period (2021-2027). Various pivotal factors such as the increasing population, rapid urbanization, rising government expenditure on infrastructure projects have augmented impetus for numerous infrastructure developments. Significant infrastructure spending in railways, highways, airports, and ports will drive higher demand for aerial lifts in the country. In addition, government expenditure on the development of roads, flyovers, metro rails, and commercial facilities and centers will further accelerate the demand for aerial work platforms market.
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Further, the authorities have rolled out numerous policies to ease infrastructural development in India. Since 2019, the authorities have eased the foreign direct investment (FDI) regulations in the construction sector by eliminating two major conditions relevant to the minimum built-up area and capital requirement. Currently, a 100% FDI is allowed in construction-development projects, including townships, construction of commercial and residential premises, roads, or bridges, and more. Aerial lifts are highly used in the construction maintenance activities; therefore, the high demand for aerial lifts in construction sector is anticipated to drive the growth of Indian aerial work platform market.
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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.
India 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.)
