Global Truck-Mounted Aerial Work Platform (AWP) Market By Type (Boom Lifts, Scissor Lifts, Vertical Mast Lifts, Personal Portable Lifts), By Application (Construction, Telecommunication, Transport & Logistics, Government), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022–2032
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Truck Mounted Aerial Platform Market Overview:
The global truck-mounted aerial platform market is projected to be USD 5,467.9 Mn in 2022 to reach USD 15,447.9 Mn by 2032 at a CAGR of 11.0%.
Truck-mounted aerial platforms are mobile machines with four major components: stabilization system, truck body, cab-chassis, and the aerial device. These platforms carry the working personnel in a basket or a bucket that safeguards the worker.
Truck-mounted aerial platforms are an ideal choice for transferring workers and equipment to extended heights. The most extensively used truck-mounted aerial platforms are articulated truck-mounted aerial platforms and telescopic truck-mounted aerial platforms.
Articulated truck-mounted aerial platforms have numerous hinged sections that increase the worker’s accessibility to hard-to-reach areas. On the other hand, the telescopic booms deliver a greater horizontal reach compared to other aerial platforms.
The machinery selection depends on the level of expertise, nature of the project, duration & the cost associated with the project, nature of the surface, and other factors.
Truck-mounted aerial platforms help transfer lighter tools and materials and help the workers access the locations that are otherwise difficult to access using the traditional equipment.
Truck-mounted aerial platforms have a definite load capacity set up by the manufacturers to ensure the machine is not overloaded and thus helps to upsurge the working personnel's safety.
Strict guidelines related to the design of the machinery and the control system have been set up by the American National Standards Institute (ANSI) so that the loads are sufficiently distributed on the platform. Fall protection systems enable the worker to move in a specific radius within the machinery and prevent accidents.
Global Truck Mounted Aerial Platform Market Revenue (USD Mn), 2020–2030:
Various industries, such as telecommunication, construction, and others, are widely using truck-mounted aerial work platforms over traditional methods to perform their operations.
Rapid urbanization, coupled with improvements in the infrastructure, is anticipated to increase the adoption of truck-mounted aerial platforms to proficiently perform installation, repair, construction, safety inspections, and other functions. The rising demand in these industries plays a very decisive role in the growth of the market.
The Energy & power sector is up-surging its investments in the development of renewable sources. This development involves the construction of several infrastructures, such as wind turbines and other renewable energy production facilities.
This has created an optimistic opportunity for the growth of the truck-mounted aerial platform market within the forecast period. Due to the intricate design and size, the truck-mounted aerial platforms require surplus costs for operation and maintenance.
All these modifications need to be accomplished under the guideline of certified professional engineers which also increases the time to repair the equipment. This might hamper the growth of the target market.
Global Truck Mounted Aerial Platform Market Attractiveness Analysis by Working Height, 2014–2030:
The global truck-mounted aerial platform market report is segmented based on working height, industry verticals, regions, and countries. Working height segments include below 20 meters and above 20 meters.
The below 20 meters segment currently accounts for the largest revenue share in the Global Truck-Mounted Aerial Platform Market. Based on industry verticals, the market is segmented into construction, telecommunication, utilities, and others.
The other industry verticals segment includes mining, manufacturing, etc. Among these, the utility segment is expected to account for a significant revenue share in the global market.
The global truck-mounted aerial platform market is segmented regionally into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Among the regional markets, the market in Asia-Pacific is projected to continue to account for the majority revenue share in the global market, owing to increasing investment in infrastructure development in the region.
The research report on the global truck-mounted aerial platform market includes profiles of some of the major companies such as:
- Morita Holdings Corporation (Bronto Skylift Oy Ab)
- Aichi Corporation
- TIME Manufacturing Company, Inc. (Versalift)
- Prangl Gesellschaft m.b.H.
- Isoli Spa
- CTE S.p.A.
- SAFI SRL
- RUTHMANN GmbH & Co. KG
- Hunan Sinoboom Heavy Industry Co. Ltd.
Segmentation of global truck-mounted aerial platform market by working height, industry verticals, and region:
Based on Working Height
- Below 20 Meters
- Above 20 Meters
Based on Industry Verticals
- Other Industry Verticals
Based on Region
- North America
- Asia Pacific
- South America
- Middle East & Africa
For the Global Truck-Mounted Aerial Work Platform (AWP) Market research study, the following years have been considered to estimate the market size:
Particular Scope Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Historic Year 2016 to 2020 Estimated Year 2022 Forecast Year 2023 to 2032
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- MORITA HOLDINGS CORPORATION
- Versa Lift