Report ID: SQMIG20G2023
Aerial Work Platform Market Size, Share, Growth Analysis, By Product(Boom Lifts, Scissor Lifts, and Vertical Lift), By Propulsion Type(ICE, Electric, Air), By Lifting Height(Less than 20 ft, 21-50 ft, and more than 51 ft), By Application(Construction, Utilities, Logistics & Transportation, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20G2023 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
118 |
Figures:
77
Aerial Work Platform Market Regional Insights
North America has a significant share of the market of more than 38.0% in 2023. This expansion might be ascribed to the fast-growing investments in the building of various business and residential complexes. Furthermore, the IT and telecom sectors in the United States and Canada are anticipated to promote the use of AWPs for setting up telecommunications towers and servicing and repairing operations at great heights; thus, the growth of the supply chain and logistics industry has led to the creation of distribution centers, warehouses, and retail locations, augmenting the demand for AWPs. The US market is predicted to grow fast during the forecast period due to factors such as rapid investment in logistics businesses and rapid infrastructure development of renewable energy systems.
Asia Pacific is predicted to grow at the highest compound annual growth rate during the projection period. Asia Pacific is characterized by rising government investments in building infrastructure and the construction of decent housing for the region's expanding population, which is expected to add to AWP product demand.
Aerial Work Platform Market Report Snapshots
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