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Aerial Work Platform Market : Demand, Growth Analysis & Opportunity Outlook 2023

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Extensive insights into the Growth of Aerial Work Platform Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Aerial Work Platform Market Overview

Work platforms are used by technician, engineers and workers to reach inaccessible zones in order to maintain or fix the glitches. Aerial work platform enables workforce to reach manually and physically to operate tasks such as fixing technical problems of ed telecommunication towers.

Aerial work platform also employed for installation and maintenance of high tension power lines, street lights and transformers. The rapid growth in power sector along with rising maintenance and repair activities across the globe are some of the major factors which are driving importance of aerial work platforms.


Aerial Work Platform Market


Market size and forecast

The aerial work platform market is projected to reach USD 14.2 Billion by 2023 from USD 7.8 Billion in 2015. Further, the market is predicted to index a CAGR of 6.2% over the forecast period i.e. 2016-2023. The market of aerial work platform is majorly driven by the factors such as rising investment in construction and increase in adoption of time savings and safe equipment.

Apart from this, the construction applications accounted the highest revenue share of 28% of the overall aerial work platform market in 2015 and expected to flourish over the forecast period 2016-2023. Rising infrastructure development in growing economies is the major key driver for the growth in near future.

North-America is estimated to dominate the aerial work platform market in near future owing to rapid pace in building construction, skyscrapers and rising concern towards maintenance and repair activities of constructed structures. The market of North-America is expected to garner USD 3.6 Billion by the end of 2016 and believed to expand at a CAGR of 5.9% over the forecast period i.e. 2016-2023.

Europe market for aerial work platform is anticipated to be the fastest growing market across the Europe over the forecast period. Presence of emerging economies such as Netherland, Belgium, France, Malaysia, Germany and rapid urbanization heating the  infrastructure and telecommunication facilities are some of the prime driving factors for the growth of aerial platform market in near future. Moreover, the market in Europe region is estimated to flourish at a CAGR of 11.5% over the forecast period i.e. 2016-2023. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Furthermore, massive construction projects and rise in number of skyscrapers in Middle-East countries is further anticipated to beef up the demand for aerial work platforms in near future.

Rising infrastructure and building construction in growing economies and offering of numerous type of aerial work platform according to the needs of technicians and workers are some of the major key factors gaining traction of builders and other end-use industry. Moreover, adoption of aerial work platforms in the rising skyscrapers across the globe and advancement in telecommunication sector to carry out the work in distant zones are providing impetus to the aerial platform market.

Demand Analysis By Market Segmentation

Our in-depth analysis segmented the global aerial work platform market in the following segments:

By Mechanism

  • Self-Propelled
  • Manual

By Product Type

  • Boom Lifts
  • Scissor Lifts
  • Vertical Mass Lifts
  • Personal Portable Lifts

By Fuel Type

  •  Petrol/Gasoline
  • Gas
  •  Electric
  • Hybrid fuel

By Platform Height

  •  Up to 30 Feet
  • 30 Feet-60 Feet
  • 60 Feet-100 Feet
  • More than 100 Feet

By End-User

  • Construction
  • Mining
  • Manufacturing
  • Telecommunication
  •  Transport & Logistics
  • Others(Public Administration)

By Region

Aerial work platform market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and challenges

Rapid expansion in infrastructure and building construction across the globe, setting-up of new telecommunication towers and increasing concern towards periodic maintenance of skyscrapers, installed towers and high tension power lines are some of the major catalysts for the growth of aerial work platform market.

Factors such as technological advancements in aerial work platforms, wide scale applications in end-use industry for maintenance, repair and installation activities, diversification in work platforms, availability of aerial work platform on rental basis, rising concern towards workers and technicians safety and growing adoption of aerial work platforms in public events for security and recording purposes are swelling the demand for aerial work platforms in near future. 

In addition to this, economic growth in developing nations, rising infrastructural facilities along with rising investment in construction, advancements in telecommunication sector to provide better services and rapid pace in urbanization are some of the underlying dynamics which are expected to upsurge the market of aerial work platforms during the forecast period i.e. 2016-2023. 

However, high cost of aerial work platforms, lack of skilled machine specific engineers, technicians and operators, unawareness in underdeveloped nations and high maintenance cost of aerial work platforms are the major factors hindering the growth of aerial work platform market across the globe. 

Key Players

The key vendors of aerial work platform market are as follows:

  • Aichi Corporation
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials 
  • Time Benelux
  • Teupen
  • Ruthmann
  • Bronto Skylift
  • Haulotte
  • Tadano


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