Aerial Work Platform (AWP) Market industry brief introdution
Aerial Work Platform (AWP) Market size exceeded USD 6.5 billion in 2020 and is expected to grow at 8.5% CAGR from 2021 to 2027. Global shipments are anticipated to reach around 300,000 units by 2027. Market data shows high growth potential for aerial work platforms due to rising worker safety concerns across the globe.
Increasing public infrastructure construction and renovation activities is likely to propel the AWP market size. Increasing investments by governments and airport authorities for the development and construction of new airports are key driving factors.
Increasing adoption of boom lifts in maintenance and repair work to spur demand
Boom lifts market is poised to witness significant growth during the forecast period owing to flexible & fast operations. The North America boom lifts segment is projected to expand at a CAGR of around 7.5% through 2027. Several features of boom lifts, such as the ability to operate in rough terrains and to reach greater heights, are contributing to their growing representation in the market.
Increasing demand for access platforms in repair and maintenance activities
The North America below 10 meters access platform segment valued at USD 150 million in 2020. The demand for below 10 meters access platform is increasing across the globe, on account of its high adoption for performing in-house construction & maintenance activities. The growing labor cost across the U.S., UK, Germany, and China is creating a huge demand for these equipment. Moreover, the increasing safety concerns have led consumers to adopt access platform over conventional ladders for performing maintenance and repair operations.
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