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Aerial work platform (AWP) Market is estimated to be valued at USD 12.06 Bn in 2025 and is expected to reach USD 22.19 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 9.1% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 12.06 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
9.10%
2032 Value Projection:
USD 22.19 Bn
Aerial work platform (AWP) is a specialized machine that is used to provide access to difficult and inaccessible areas. The main features of aerial work platforms are high operational efficiency, accessibility to remote areas, and the ability to perform multipurpose operations.
Aerial work platform are portable, cost-effective types that serve as lifts for a single or double worker. Also, they are referred to as lifts, human lifts, push-around platforms, and mobile elevating work platforms (MEWPs). These platforms are widely used for tasks like overhead maintenance, cleaning, and hanging banners or decorations and operate as personal lifts. They can bear loads and are comparatively light. They are easy to use, and a variety of styles and attachments may be used to tailor them to the work. Construction and building maintenance, as well as electrical line repair and tree care, are just a few of the uses for AWPs. A wide range of power sources, including electric, conventional diesel, and petrol engines, are available for AWPs, which are energy-efficient.
Market Dynamics
Drivers
Growing construction industry supported by global megatrend of urbanization is expected to drive growth of the global aerial work platform market during the forecast period
Aerial work platform or elevating work platform is a device that is used to provide temporary access to operators or equipment to unreachable areas. Aerial work platforms have wide application in the construction industry and is used for lifting, loading, and transportation. The growing construction industry is expected to be one of the most significant drivers for global aerial work platform market growth. The construction industry has witnessed significant growth in the recent past, especially in emerging economies such as China and India, owing to increasing disposable income, rapid urbanization, and industrialization. As a result, demand for aerial work platforms (AWP) has increased in these countries.
Restraints
High initial and maintenance costs is expected to restrain growth of the global aerial work platform market during the forecast period
The major factor restraining growth of the global aerial work platform (AWP) market is high maintenance costs. Aerial work platform (AWP) is used in logistics, transportation, and has other applications, which require high maintenance costs. Thus, it becomes difficult for companies to invest in aerial work platforms due to high capital spending.
Scissor lifts with advanced features are high in price as compared to conventional towers and ladders. Owing to the high initial as well as maintenance costs, there has been a substitution effect which is influencing end users to rent aerial work platform as opposed to making a purchase of the same. Renting equipment instead of owning removes a sizeable burden from a contractor's asset register.
Opportunity
Growing adoption of new technology is presenting lucrative growth opportunities to key manufacturers
Most players in the aerial work platform market focus on integration of latest technologies and introducing innovative products, in order to differentiate their product offerings. Incorporation of safety features and telematic solutions in aerial work platform is a major opportunity for the market players and helpful in increasing their share and profits.
Trends
Rising popularity of rental equipment
The rising popularity of rental AWP equipment services is expected to drive the market growth during the forecast period. This is attributed to the presence of several rental providers across the globe. AWP rental companies such as Eagle Rentals Inc., Rental One LLC, and others are offering affordable and easy renting options to buyers compared to direct AWP purchasing methods. This has led consumers to shift their preference to rental operators as they save a huge amount of transportation, maintenance, and operational costs associated with the new machinery equipment.
Key features of the study
This report provides in-depth analysis of the Global Aerial Work Platform (AWP) Market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the Global Aerial Work Platform (AWP) Market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Toyota Industries Corporation, CTE, Dinolift, Terex Corporation, Haulotte Group, Holland Lift International bv, Hunan Sinoboom Heavy Industry Co. Ltd., IMER International SpA, J C Bamford Excavators Ltd., Oshkosh Corporation, Linamar, Manitou Group, MEC, Niftylift (UK) Limited, PALFINGER AG, Snorkel, SOCAGE, Tadano Ltd., TEUPEN, Zhejiang Dingli Machinery Co, Ltd., and Zoomlion Heavy Industry Science & Technology Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global Aerial Work Platform (AWP) Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Aerial Work Platform (AWP) Market
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
Global Aerial Work Platform (AWP) Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Aerial Work Platform Market.
Detailed Segmentation
Global Aerial Work Platform Market, By Type
Boom Lifts
Telescopic
Articulating
Trailer Mounted
Self-Propelled
Scissor Lifts
Vertical Mass Lifts
Double Mast AWP
Single Mast AWP
Personal Portable Lifts
Global Aerial Work Platform Market, By Fuel Type
Electric
Boom Lifts
Scissor Lifts
Vertical Mass Lifts
Personal Portable Lifts
Engine Powered
Boom Lifts
Scissor Lifts
Vertical Mass Lifts
Personal Portable Lifts
Global Aerial Work Platform Market, By Platform Height
Below 10 Meters
10 to 20 Meters
20 to 25 Meters
Above 25 Meters
Global Aerial Work Platform Market, By Application
Construction & Mining
Government
Transportation & Logistics
Utility
Others
Global Aerial Work Platform Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles
Toyota Industries Corporation
CTE
Dinolift
Terex Corporation
Haulotte Group
Holland Lift International bv
Hunan Sinoboom Heavy Industry Co. Ltd.
IMER International SpA
J C Bamford Excavators Ltd.
Oshkosh Corporation
Linamar
Manitou Group
MEC
Niftylift (UK) Limited
PALFINGER AG
Snorkel
SOCAGE
Tadano Ltd.
TEUPEN
Zhejiang Dingli Machinery Co, Ltd.
Zoomlion Heavy Industry Science & Technology Co., Ltd.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Fuel Type
Market Snippet, By Platform Height
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increasing Demand for Maintenance and Repair
Growing Construction and Infrastructure Development
Expansion of Rental Market
Restraints
Lack of Skilled Operators
Maintenance and Repair Costs
Economic Uncertainty and Volatility
Opportunities
Adoption of Electric and Hybrid AWPs
Technological Advancements
Focus on Telematics and Data Analytics
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Aerial work platform (AWP) Market- Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Aerial work platform (AWP) Market, By Type , 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Boom Lifts
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Telescopic
Articulating
Trailer Mounted
Self-Propelled
Scissor Lifts
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
Vertical Mass Lifts
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
Double Mast AWP
Single Mast AWP
Personal Portable Lifts
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
6. Global Aerial work platform (AWP) Market, By Fuel Type, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032(%)
Segment Trends
Electric
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
Boom Lifts
Scissor Lifts
Vertical Mass Lifts
Personal Portable Lifts
Engine Powered
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
Boom Lifts
Scissor Lifts
Vertical Mass Lifts
Personal Portable Lifts
7. Global Aerial Work Platform (AWP) Market, By Platform Height, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Segment Trends
Below 10 Meters
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
10 to 20 Meters
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
20 to 25 Meters
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
Above 25 Meters
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
8. Global Aerial Work Platform (AWP) Market, By Application, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Segment Trends
Construction & Mining
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
Government
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
Transportation & Logistics
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion and Units)
Utility
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion an Units)
Others
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion an Units)
9. Global Aerial work platform (AWP) Market, By Region, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021-2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Billion)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Billion)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
U.K.
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Billion)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
China
India
Japan
South korea
Australia
Rest Of APAC
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Billion)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Platform Height, 2020-2032,(US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Billion)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
GCC Countries
South Africa
Rest of MEA
10. Competitive Landscape
Company Profiles
Toyota Industries Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
CTE
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Dinolift
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Terex Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Haulotte Group
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Holland Lift International bv
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Hunan Sinoboom Heavy Industry Co. Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
IMER International SpA
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
J C Bamford Excavators Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Oshkosh Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Linamar
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Manitou Group
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
MEC
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Niftylift (UK) Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
PALFINGER AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Snorkel
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SOCAGE
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Tadano Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
TEUPEN
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Zhejiang Dingli Machinery Co, Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Zoomlion Heavy Industry Science & Technology Co., Ltd.