Aerial Work Platform Market was valued at US$ 9.47 Bn in 2021 and is expected to reach US$ 16.86 Bn by 2029, at a CAGR of 7.48% during a forecast period.
Aerial Work Platform Market for Asia Market To Be Driven By The Rising Prevalence Of Chronic Diseases In The Forecast Period
Aerial Work Platform Market Overview:
The major goal of the Aerial Work Platform Market Report is to scrutinize the most recent market research on the Aerial Work Platform market, analyse the current and future market trends, and provide detailed insights and updates on the important sectors (2020-2029). The report covers Aerial Work Platform market’s Global demand, product manufacturing, income generation, and sales and revenue. In addition, the research provides comparison on behalf of regional and major companies' prices across the globe.
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Segmentation:
New standards to make Aerial Work Platforms, i.e., AWS safer and more reliable: With the rise in the use of AWP, the American National Standards Institute (ANSI) has presented new ANSI A92 standards. These standards comprise changes in design, terminology, training, and use. These standards are expected to take effect by mid-2021. One of the notable changes in Aerial Work Platforms is the addition of the load sensing system and active tilt on the aerial equipment. This load sensing system will avert from moving the platform if it exceeds the given capacity. While active tilt will alert when the platform reaches a slope greater than the suitable.
Region-wise, the North American aerial work platform market is expected to reach over US$ 6.3Bn by 2029 attributed to numerous building maintenance & construction activities across the commercial & residential sector. The demand is also increased owing to the presence of a technically aware and economically stable population, supporting the deployment of costly MEWPs. High government support for developing newly manufactured products with safety parameters and reduction of forthcoming worker accidents is driving high consumption of new products in the industry.
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Key Players:
• Oshkosh Corporation
• Palfinger AG
• Skyjack (Linamar Corporation)
• Tadano Ltd.
• Terex Corporation
• Time Benelux
• Teupen
• Ruthmann
While developing superior business strategies and gaining a competitive edge, consider your competitors' primary business strategies, past performance, and product and service portfolio. The major players in the Aerial Work Platform industry are investigated in this Aerial Work Platform market study.
Regional Analysis:
The research report delves into the Aerial Work Platform business in great depth, segmenting it into numerous locations and regions. In the target market, the study examines regional market actors as well as market results. North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East are evaluated by region and country in this study. Regional markets are thoroughly investigated in order to understand the regional market trends, restains, and possible prospects.
Key Benefits for Industry Participants & Stakeholders:
Key Questions answered in the Aerial Work Platform Market Report are:
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Mar 03, 2023