Aerial Work Platforms Market Development Trends and Growth Drivers Analysis by 2026

1. Aerial Work Platforms Market Development Trends and Growth Drivers Analysis by 2026 • The global aerial work platforms (AWP) market is set to observe massive growth over the forthcoming years owing to the rising need for aerial work platforms across the telecom industry. These platforms are extensively used for electrical line repair, transformer, and telephone wire maintenance activities. Additionally, apart from the telecom sector, the robustly expansion the construction industry is witnessing across the world is also likely to complement market growth by 2026. • On that note, a research report by Global Market Insights Inc., estimates global aerial work platforms market size is likely to surpass $18 billion through 2026. • Considering the product segment, the rising need for vertical mast lifts throughout several industry avenues like public buildings, retail centers, and airports are proliferating their demand in the industry. Vertical mast lifts are typically used at these locations for maintenance works. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

2. The vertical mast lifts are also witnessing a rising demand from other maintenance sectors for duct repair, shelving, as well as managing assembly lines, due to their compact size and high portability when compared to other AWP models. • Meanwhile, growing usage of access platforms of height above 25m for industrial applications and outdoor construction is empowering the need for AWP products. AWPs with height more than 25 meters are equipped with a flat telescopic boom to conduct heavy lifting operations in tough conditions. • In addition, the growing prevalence of tight turning radius AWPs along with zero tail swing characteristic to have better maneuverability is generating new industry opportunities. Furthermore, key manufacturers like Aichi Corporation and Genie are providing aerial lift with more than 25 meters height empowered by electric and diesel engines, creating a sophisticated portfolio that can meet different customer requirements. • Furthermore, the AWP industry is also being propelled by rising government initiatives to develop nuclear powerplants. Access platforms are also being used for indoor powerplant maintenance and installation activities that include pneumatic and electronic machines installed for power generation. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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4. Regional Analysis • On the regional front, the North America AWP industry is slated to expand exponentially over the coming years due to rising residential and commercial construction projects. Newer investments by government authorities in urban residential buildings are creating a positive outlook towards industry growth in the region. • Competitive Analysis • Some of the key players increasingly contributing to the global share of the AWP market are Zoomlion Heavy Industry Science and Technology Co. Ltd., Zhejiang Dingli, Aichi Corporation, Terex Corporation (Genie), Manitou Group, and JLG Industries among others. Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/689 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

5. Latest Research Report On Aerial Work Platforms Market @ https://www.gminsights.com/industry-analysis/aerial-work-platform-awp-truck-market-report Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/689 Request for customization: https://www.gminsights.com/roc/689 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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