About Mobile Elevating Work Platform (Mewp)
Mobile equipment is a MEWP. It is used to move people to working positions so they may perform tasks from the work platform, with the idea being that people only enter and exit the work platform from access points on the ground or on the chassis. It consists, at the very least, of a chassis, an expanding framework, and a work platform with controls. MEWPs provide a stable and secure base during the raised stage and are specifically made for elevating or raising personnel to appropriate heights. The usage of AWPs is extremely adaptable and effective for both indoor and outdoor applications.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Mobile Elevating Work Platform (Mewp) is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Mobile Elevating Work Platform (Mewp) market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aichi Corporation (Japan), Haulotte Group (France), J.C. Bamford Excavators Limited (United Kingdom), Niftylift Limited (United Kingdom), Manitou (France), RUTHMANN Holdings GmbH (Germany), Zhejiang Dingli Machinery Co., Ltd. (China), Oshkosh Corporation (United States), Altec Industries. (Australia) and Skyjack (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Terex Corporation (United States) and Teupen (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Mobile Elevating Work Platform (Mewp) market by Type (Self-propelled MEWPs, Vehicle and Trailer Mounted MEWPs and Manually operated MEWPs), Application (Construction and Building Maintenance, Safety Inspections, Window Washing/Repair, Orchard Work, Electrical Line Repair, Tree Care Work, Special Event and Entertainment Work and Sporting Events) and Region.
On the basis of geography, the market of Mobile Elevating Work Platform (Mewp) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Mobile Elevating Work Platform (Mewp) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.On 5 January 2022, HOLT announced its acquisition of Kardie Equipment/TGM Wind Services, the leading North American distributor of the Bronto Skylift, a truck-mounted aerial work platform used to reach challenging heights with application in numerous industries including oil and gas, wind, and utilities, among others. This acquisition allows HOLT to further its commitment to investing in renewable energy resources and provide additional products and services to its customers nationwide. With the acquisition, Kardie Equipment/TGM Wind Services will retain its name and operate as an independent, wholly owned subsidiary of HOLT.
24-April-2022 Italy-based rental company Mollo Noleggio has placed an order with Haulotte for 280 mobile elevating work platforms, including HA20 LE PRO, SIGMA16 PRO, HA32 RTJ PRO, scissor lifts and vertical masts. The new equipment will be spread among its branches and will help the company to meet the ever-growing demand.
Market Drivers
- Rising Development In Urban And Rural Infrastructure
- Major Developments In Aerial Work Platforms Fuels The Growth For Market
Opportunities
- Increasing Construction Activities In Developing Countries
- Rising Smart City Projects Worldwide Lead The Demand For MEWPs
Restraints
- High Initial Purchase Cost Associated With The MEWPs
Challenges
- Lack Of Availability Of Mechanics & Experienced Operators
- High Associated With Maintenance Costs Of MEWPs
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.