Summary

Aerial Work Platform Truck Market Growth & Trends

The global aerial work platform truck market size is expected to reach USD 21.93 billion by 2030, registering a CAGR of 7.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing government investment in the construction sector paired with growing concerns regarding worker safety is expected to drive AWP truck industry growth over the coming years. The growing emphasis on infrastructure development along with rising private investment in real-estate may also spur product demand. In addition, increasing demand for material handling, especially in manufacturing units and factories, is anticipated to significantly fuel AWP truck market growth.

This equipment is primarily used to elevate workers and equipment throughout the maintenance or construction process. The developing telecommunication industry owing to rapidly increasing smartphone users, particularly in Asia, may escalate aerial work platform truck market demand. Industry growth can be attributed to strong economic growth, especially in countries such as India, China, Brazil, and some parts of Europe.

Technological advancements resulting in the development of electrically or hydraulically propelled elevating platforms in order to meet emission standards and cope with growing environmental issues are also anticipated to favorably impact growth. Rising demand application areas such as the construction of wind, solar, and other energy-generation installations may drive revenue over the coming years.

Aerial Work Platform Truck Market Report Highlights

• Boom lifts market is poised for high growth over the next six years owing to increasing usage of these lifts for tricky architecture or smaller spaces with limited access. This can be further attributed to the several benefits offered by these lifts such as mobility, tight turning radius, standard oscillating axle, and compact design.

• Growing infrastructure development and private investment in real-estate are expected to be key factors responsible for growth in this sector.

• Telecommunication industry is expected to exhibit high growth, which can be attributed to the increasing number of smartphone users particularly in Asia. Smartphone proliferation and the associated need for improved telecom infrastructure for better connectivity are expected to elevate demand in the telecommunication industry.

• North America captured a sizable share of the aerial work platform truck market in 2022, which can be attributed to considerable technological advancements. In addition, increasing maintenance and repair activities coupled with growing concerns and norms regarding worker safety are further propelling product demand in this region.

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. End-use
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. End-use outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Aerial Work Platform (AWP) Truck Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. Microneedle Drug Delivery Systems Market Analysis Tools
3.4.1. Industry analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Aerial Work Platform (AWP) Truck Market: Product Estimates & Trend Analysis
4.1. Aerial Work Platform (AWP) Truck Market: Key Takeaways
4.2. Aerial Work Platform (AWP) Truck Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Boom Lifts
4.3.1. Boom lifts market estimates and forecasts, 2017 to 2030 (USD Million)
4.4. Scissor Lifts
4.4.1. Scissor lifts market estimates and forecasts, 2017 to 2030 (USD Million)
4.5. Vertical Mast Lifts
4.5.1. Vertical mast lifts market estimates and forecasts, 2017 to 2030 (USD Million)
4.6. Personnel Portable Lifts
4.6.1. Personnel portable lifts market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Aerial Work Platform (AWP) Truck Market: End-Use Estimates & Trend Analysis
5.1. Aerial Work Platform (AWP) Truck Market: Key Takeaways
5.2. Aerial Work Platform (AWP) Truck Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Construction
5.3.1. Construction market estimates and forecasts, 2017 to 2030 (USD Million)
5.4. Telecommunication
5.4.1. Telecommunication market estimates and forecasts, 2017 to 2030 (USD Million)
5.5. Transport & Logistics
5.5.1. Transport & logistics market estimates and forecasts, 2017 to 2030 (USD Million)
5.6. Government
5.6.1. Government market estimates and forecasts, 2017 to 2030 (USD Million)
5.7. Others
5.7.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Aerial Work Platform (AWP) Truck Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Aerial Work Platform (AWP) Truck Market by Region: Key Takeaway
6.3. North America
6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4. Europe
6.4.1. UK
6.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4.2. Germany
6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5. Asia Pacific
6.5.1. Japan
6.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.4. Australia
6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.5. South Korea
6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.6. Latin America
6.6.1. Brazil
6.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.6.2. Mexico
6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7. MEA
6.7.1. Saudi Arabia
6.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7.2. South Africa
6.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7.3. UAE
6.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. AICHI CORPORATION
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Altec Industries
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. Bronto Skylift
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. CTE
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. RUNSHARE Heavy Industry Company, Ltd
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Calcanto Werbeagentur
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. Shenyang North Traffic Heavy Industry Group Co., Ltd
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. Tadano Ltd.
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. Terex Corporation
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives
7.2.10. TEUPEN Maschinenbau GmbH
7.2.10.1. Company overview
7.2.10.2. Financial performance
7.2.10.3. Product benchmarking
7.2.10.4. Strategic initiatives