LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global aerial work platform truck market since 2015 and the market is poised to grow by USD 1.89 billion during 2020-2024, progressing at a CAGR of more than 8% during the forecast period. Request free sample pages
Read the 159-page report with TOC on “Aerial Work Platform Truck Market Analysis Report by Product (Boom lifts, Scissor lifts, Vertical mast lifts, and Personnel portable lifts), End-Users (Construction, Telecom, T&L, and Others), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024”.
https://www.technavio.com/report/aerial-work-platform-truck-market-industry-analysis
The market is driven by the rise in construction activities across countries. In addition, the increasing adoption of electric and hydraulically propelled AWP trucks is anticipated to boost the growth of the aerial work platform truck market.
Factors such as rising population and strong economic growth in many developed and developing countries have increased the spending on infrastructure development projects and residential projects. This has significantly increased the construction of high-rise buildings and skyscrapers. Aerial lifts are extensively used in the construction of high-rise buildings as they are compact and can easily reach greater heights in confined spaces. With the growing number of construction activities, the demand for aerial lifts will increase significantly during the forecast period.
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Major Five Aerial Work Platform Truck Market Companies:
Altec Inc.
Altec Inc. operates its business through segments such as New equipment, Used equipment, Rental equipment, Financing, and Others. The company offers a product line of aerial devices ranging from insulating/non-insulating aerial devices to telescopic/telescopic and overcenter/non-overcenter for the electric utility, telecommunications, construction, and lights and signs markets.
Bronto Skylift Oy Ab
Bronto Skylift Oy Ab operates its business through segments such as Access, Fire, and Service. The company designs, manufactures, and sells truck-mounted aerial platforms for various applications such as rescue and firefighting and other industrial applications.
Haulotte Group
Haulotte Group operates its business through segments such as Equipment sales, Service, and Rental. The company offers aerial work platforms ranging from small portable material lifts to telehandlers, scissor lifts, telescopic, and articulating booms.
Linamar Corp.
Linamar Corp. operates its business through segments such as Transportation and Industrial. The company offers aerial work platforms ranging from vertical mast lifts, DC electric scissor lifts, booms, and telehandlers among others.
Manitex International Inc.
Manitex International Inc. designs, manufactures, and distributes a diverse group of products for various industrial applications. The company offers a line of aerial work platforms, including truck mounted aerial lift platforms (A62) and self-propelled aerial work platforms (Octopus).
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Technavio has segmented the aerial work platform truck market based on the product, end-users, and region.
Aerial Work Platform Truck Product Outlook (Revenue, USD Billion, 2020 - 2024)
- Boom lifts
- Scissor lifts
- Vertical mast lifts
- Personnel portable lifts
Aerial Work Platform Truck End-Users Outlook (Revenue, USD Billion, 2020 - 2024)
- Construction
- Telecom
- T&L
- Others
Aerial Work Platform Truck Regional Outlook (Revenue, USD Billion, 2020 - 2024)
- APAC
- Europe
- MEA
- North America
- South America
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