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Global Aerial Work Platforms (AWP) Market Is Poised to Grow at a CAGR of 6% Over the Forecast 2019-2027 – Coherent Market Insights

December 20, 2019 GMT

SEATTLE--(BUSINESS WIRE)--Dec 20, 2019--

An aerial work platform (AWP) is mechanical equipment that provides elevation for workers to unreachable areas whenever required. AWP provides temporary and mobile access known as mobile elevating work platform (MEWP). AWPs find extensive applications in various industries including construction, commercial, warehouses, maintenance work, etc.

On the basis of product type the market is classified as scissor lifts and boom lifts. In boom lifts, the worker is provided maximum vertical and horizontal outreach to work at crowded workplaces. Scissor lifts offer folded support in a crisscross ‘X’ pattern. Furthermore, on the basis of motive mechanism, the market is segmented as manual and self-propelled mechanism. On the basis of ownership, the market segmented as rental service providers and end-use industries.

The global aerial work platforms (AWP) market was valued at US$ 8,454 Mn in terms of value and is expected to grow at a CAGR of 6.0% during the forecasted period (2019-2027).

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Market Driver

Market Opportunities

Market Restraint

Lack of skilled workers and specific training to labors is expected to restrain growth of the global aerial work platform (AWP) market over the forecast period

Key Takeaways:

Competitive Section

Key companies operating in the market Linamar Corporation, JLG Industries, Inc., MEC Aerial Work Platforms, Terex Corporation, Tadano Ltd., Haulotte Group, Mtandt Limited, V-tech Hydraulics, Zhejiang Dingli Machinery Co, Ltd., and Snorkel International, Inc.

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Key Developments

Segmentation

Market Taxonomy:

1. By Product Type

2. By Motive Mechanism

3. By Ownership

4. By Region

 

View source version on businesswire.com:https://www.businesswire.com/news/home/20191220005317/en/

CONTACT: Mr. Raj Shah

Coherent Market Insights

1001 4th Ave.

#3200

Seattle, WA 98154

Tel: +1-206-701-6702

Email:sales@coherentmarketinsights.com

KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON

INDUSTRY KEYWORD: OTHER CONSTRUCTION & PROPERTY CONSTRUCTION & PROPERTY OTHER MANUFACTURING MANUFACTURING

SOURCE: Coherent Market Insights

Copyright Business Wire 2019.

PUB: 12/20/2019 10:17 AM/DISC: 12/20/2019 10:17 AM

http://www.businesswire.com/news/home/20191220005317/en