Aerial Work Platform Market to Reach US$ 8,695 Million by 2026, due to Improving Infrastructure Development, Noted TMR

04/03/2019 11:30

ALBANY, New York, March 4, 2019 /PRNewswire/ -- According to a new market report published by Transparency Market Research titled "aerial work platform market ((Product – Scissor Lift, Boom Lift (Articulated Boom Lifts, Telescopic Boom Lifts), Others; End-user – Construction (Commercial, Residential), Industrial & Manufacturing, Maintenance &Repairs, Others; Structure – Standard and Insulated) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026," the global aerial work platform market is expected to reach a value of US$ 8,695 Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 6.1% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 83,799 Units in 2017. The Asia Pacific aerial work platform market is projected to witness the highest growth during the forecast period both in terms of value (US$ Mn) and volume (Units).  The market witnessed considerable growth in this region because of increasing demand for aerial work platforms due to improving infrastructure development.

Transparency Market Research Logo

Request to View Sample of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55863 

The aerial work platform market is influenced by market dynamics with the prime driving factor being increasing safety standards worldwide. In terms of product, the boom lifts segment is anticipated to gain the largest share with total value of US$ 4,684 mn by 2026 at a CAGR of 6.4% annually. However, high pricing of the aerial work platform is one of the major challenges restraining the growth of the market.  However, the market is anticipated to grow as a result of entry of new players.

Request PDF Brochure of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=55863 

In 2017, based on product, the boom lifts segment accounted for market value of about US$ 2,706.2 Mn in the global aerial work platform market. This is because boom lifts are very common in established markets such as Western Europe and North America, where they are widely used for indoor, general construction as well as for various other industrial applications. In terms of end-user, the construction segment is anticipated to reach US$ 6,297.8 Mn at a CAGR of 6.0% in 2026. The construction industry is expected to register steady growth due to high rate of urbanization in emerging countries of Asia Pacific, coupled with increasing population. Rapid growth in the residential sector in urban as well as semi-urban areas in this region contributes significantly to the market growth. In terms of structure, the standard segment is anticipated to dominate the global aerial work platforms market due to growing demand from the construction sector. The standard AWP market is anticipated to reach US$ 7,492.8 Mn in 2026 at a CAGR of 6.0%.

Request for Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=55863 

The top companies considered while studying this report for the global aerial work platform market are Aichi Corporation, Altec Inc., Bronto Skylift, Diversified Technologies., Haulotte Group, JLG Industries, MEC Aerial Work Platforms, Oshkosh Corporation, Palfinger AG,  Skyjack (Linamar Corporation), Tadano Ltd., and Terex Corporation.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/aerial-work-platform-market.htm 

The global Aerial Work Platform Market is segmented as below.

By Product

  • Scissor Lift
  • Boom Lift
    • Articulated Boom Lifts
    • Telescopic Boom Lifts
  • Others

By End- user

  • Construction
  • Commercial
  • Residential
  • Industrial & Manufacturing
  • Maintenance & Repairs
  • Others

By Structure

  • Standard
  • Insulated

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

 

Browse More Factory Automation Market Research Reports

Popular Report by TMR:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany, NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website:
https://www.transparencymarketresearch.com
Research Blog:
https://tmrblog.com/ 

More News

Global Fumaric Acid Market Trends, Share, Size, Growth, Opportunity and Forecast Report 2019-2024

26/02/2019 17:12

Dublin, Feb. 26, 2019 (GLOBE NEWSWIRE) -- The "Fumaric Acid Market: Global Industry Trends...

Myanmar Industrial Zone Review, 2019 with Profiles of 60+ Existing & Future Zones - ResearchAndMarkets.com

26/02/2019 18:11

The "Myanmar Industrial Zone Review" report has been added to ResearchAndMarkets.com's o...

GA-ASI's New Block 50 Ground Control Station Flies MQ-9 Reaper

26/02/2019 18:30

The U.S. Air Force’s new Block 50 Ground Control Station (GCS) – developed by ...

Terms and condition | Privacy Statement

Financial.org is an educational platform. We DO NOT deal with securities and receive any financial benefits from Financial Products & Service Providers.