Aerial Work Platforms Market (By Type: Engine Powered and Electric; By Product: Scissor Lifts, Boom Lifts, Personal Portable Lifts, and Vertical Mass Lifts; By Platform Height: Above 25 Meters, 20 to 25 Meters, 10 to 20 Meters, and Below 10 Meters; By Application: Construction & Mining, Rental, Transportation & Logistics, Government, and Utility) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027

The global aerial work platforms market was valued at USD 9.7 billion in 2019 and expected to reach USD 19.90 billion by 2027 and poised to grow at a compound annual growth rate (CAGR) 9.4% during the forecast period 2020 to 2027.

Growth Factors

Government authorities of several regions have imposed stringent worker safety norms expected to surge the adoption of advanced lifting technologies across the globe. Further, rising investments in construction and infrastructure sectors by the private and government authorities again propels the market growth. Government authorities across various regions are significantly investing for the development of public transportation infrastructure that includes airports, railway stations, and residential buildings. Mobile elevating work platforms (MEWPs) are prominently used at construction sites to lift tools, workers, and other light materials at an elevated height safely and efficiently.

The accessibility of Aerial Work Platforms (AWP) rental services provides an impetus to the growth in market size. Companies renting AWP offer a wide range of equipment from various equipment manufacturers to augment their product portfolio that provides a positive market outlook. Moreover, the advent of electrification in the global construction industry prominently supports the industry growth of aerial work platform market. Electric AWPs notably aid in reducing the carbon footprint as well as offer noiseless performance compared to diesel-powered equipment anticipated to boost the demand for AWP in the coming years.

Besides this, unavailability of skilled workers for operating the equipment challenges the industry growth. Numerous AWP manufacturers operating in the industry provide operator training courses to address the challenge. Moreover, the high cost of MEWPs anticipated to hamper the market growth over the forecast timeline.

Product Insights

In 2019, boom lifts dominated the product segment in the global aerial work platform market accounting for nearly 70% of the market value share. This is mainly due to the rising demand of boom lifts because of their fast & flexible operations.These access platforms provide improved convenience and portability owing to their capability to reach greater heights compared to other models. Boom lifts have also gained significant popularity in repair and maintenance applications. Workers are more and more utilizing these platforms for window washing, painting, and façade maintenance operations.

Boom lifts offer high-power performance along with the ability to operate in rough terrains that supports their adoption in the global construction and other industries. The machines have durable & strong structure and strong stabilizer leg that makes them suitable for heavy-duty construction activities. This makes boom lifts an ideal option for large construction works.

Application Insights

Rental application has gained notable traction in the recent past in the AWP industry owing to the emergence of numerous market players providing rental service across the globe. Rental companies provide low cost & easy renting options in contrast with direct purchasing options. Consumer preference is shifting toward rental operators to save huge amounts of maintenance, transportation, and operational costs related to new machines. AWP manufacturers gain a majority of revenue share from rental companies in accordance to the same they are expanding their partnerships with local rental service providers to gain high market share in various regions. Value-added services along with training courses are also offered by the rental companies and AWP manufacturers that expected to attract more customers toward rental options, thereby propelling the industry growth.

Regional Insights

The Asia Pacific emerged as the most lucrative region in the global aerial work platforms market owing to presence of numerous under-developed regions that offer significant development opportunities for construction and transportation infrastructure. Furthermore, increasing penetration of various industries in the region to grab the untapped market gives rise to the development of industrial buildings that again propels the market growth.  Several construction equipment manufacturers have penetrated in the China region that include XCMG, LGMG, and SANY.

Key Companies & Market Share Insights

The global aerial work platforms market participants are investing prominently on the research & development (R&D) activities to develop new products and enhance the safety of workers along with the lifting capacity of the AWP. Moreover, the industry players are also focusing on the development of electric AWPs and MEWPs. For instance, in July 2019, MEC Aerial Work Platform launched its new Micro 26 slab scissor lift. The new AWP features a 36-inch roll out extension deck with incremental lock positions that maximizes productivity and material usage.Besides this, market players also focus strictly towards inorganic growth strategies that include partnership, merger & acquisition, and collaboration.

Some of the prominent players in the aerial work platforms market include:

  • CTE
  • Aichi Corporation
  • Haulotte Group
  • Dinolift OY
  • Hunan Runshare Heavy Industry Company, Ltd.
  • Zhejiang Dingli Machinery Co, Ltd.
  • Holland Lift International bv
  • JLG Industries
  • Hunan Sinoboom Heavy Industry Co. Ltd.
  • Niftylift Limited
  • Manitou Group
  • Snorkel
  • Skyjack
  • Tadano Limited
  • SocageSrl
  • Teupen
  • Genie

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of type, product, platform height, application, and region:

By Type

  • Engine Powered
  • Electric

By Product

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

By Platform Height

  • Above 25 Meters
  • 20 to 25 Meters
  • 10 to 20 Meters
  • Below 10 Meters

By Application

  • Construction & Mining
  • Rental
  • Transportation & Logistics
  • Government
  • Utility

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World
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Frequently Asked Questions

How big is the aerial work platforms market?
The global aerial work platforms market size was valued at USD 9.7 billion in 2019 and expected to reach USD 19.90 billion by 2027.
The global aerial work platforms market is growing at a CAGR of 9.4% during the forecast period 2020 to 2027.
Aerial Work Platform (AWP) is commonly referred as an Elevating Work Platform (EWP) are mechanical devices that provide a temporary access to inaccessible areas for workers or equipment by lifting them to a particular height. AWP witness significant popularity owing to the incorporation of advanced technical features that include sensors, telematics, and CAN bus, this improves the safety level in the machine compared to the traditional one.
In 2019,North America dominated the global market in terms of revenue and volume both followed by Europe owing to rising construction activity in the regions.
The Asia Pacific emerged as the most lucrative region in the global market owing to presence of numerous under-developed regions that offer significant development opportunities for construction and transportation infrastructure.
Some of the key players operating in the market are CTE, Aichi Corporation, Haulotte Group, Dinolift OY, Hunan Runshare Heavy Industry Company, Ltd., Zhejiang Dingli Machinery Co, Ltd., Holland Lift International bv, JLG Industries, Hunan Sinoboom Heavy Industry Co. Ltd., Niftylift Limited, Manitou Group, Snorkel, Skyjack, Tadano Limited, SocageSrl, Teupen, Genie, and Zoomlion Heavy Industry Science & Technology Co. Ltd.among others.
By type, electric Mobile Electric Work Platform (MEWP) held nearly 65% of the value share in the year 2019, as they are helpful in reducing carbon footprint


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