Market Snapshot:
Aerial Equipment is also known as aerial work platform is a mechanical device which is used to control and provide temporary access for people to inaccessible areas usually at height. It is used for multi purposes in the construction, manufacturing and other sectors. The demand for aerial equipment is expected to rise in the forecasted period with rapid growth in the construction industry and increasing utilization access platforms in the infrastructure projects.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Toyota Industries (Japan), Altec Industries (United States), Tadano (Japan), Grove (United States), Manitex International Inc. (United States), Aichi Corporation (Japan), Terex Corporation (United States), Linamar Corporation (Canada), Snorkel (United Kingdom), MEC Aerial Work Platforms (United States), Haulotte (France), AJ Networks Co. Ltd. (South Korea), Aktio Corporation (Japan) and All Aerials LLC (United States) |
CAGR | 8.5% |
Segment Analysis
AMA Research have segmented the market of Global Aerial Equipment market by Type, Application and Region. On the basis of Type, Scissor Lift are dominating the market in the year 2022 where as Boom Lift stood as second largest market share.
On the basis of geography, the market of Aerial Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). North America region held largest market share in the year 2022.
Market Trend
Technology Advancement in Manufacturing Process of Equipment
Market Drivers
Rapid Growth in Construction Industry around the Globe, Advantage Associated with Aerial Equipment as High Travelling Speed, High Mobility and Less Time for Setup On Construction Site and Increasing Demand for Aerial Equipment in Mining Industry
Opportunities
Increase in Rental Equipment in Construction Industry and Growing Demand for Lifting Loads in Shipping Industry
Restraints
- Need For High Capital Investment
In addition to the aforementioned factor, Rapid Growth in Construction Industry around the Globe
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
Aerial Equipment is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
The key Manufacturers profiled in the study are Toyota Industries (Japan), Altec Industries (United States), Tadano (Japan), Grove (United States), Manitex International Inc. (United States), Aichi Corporation (Japan), Terex Corporation (United States), Linamar Corporation (Canada), Snorkel (United Kingdom), MEC Aerial Work Platforms (United States), Haulotte (France), AJ Networks Co. Ltd. (South Korea), Aktio Corporation (Japan) and All Aerials LLC (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.