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Aerial Work Platform (AWP) Truck Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies And Segment Forecast, 2012 To 2022

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Global Aerial Work Platform (AWP) truck market size is expected to attain USD 8000.0 million in 2022, growing at a CAGR of over 18% from 2015 to 2022.
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Aerial Work Platform (AWP) Truck Market Analysis,
Market Size, Share, Regional Outlook, Industry Trends,
Competitive Strategies And Segment Forecast, 2012 To 2022
Industry Overview
Global Aerial Work Platform (AWP) truck market size is expected to attain USD 8000.0 million in 2022,
growing at a CAGR of over 18% from 2015 to 2022. Rising infrastructure developments owing to
increasing real estate investments is anticipated to drive AWP truck market growth. Rising construction
activities owing to increasing investments from private and government sector in huge infrastructure
plans is likely to propel demand.
Increasing demand in telecommunication industry owing to increasing smartphone users is anticipated
to fuel the global demand. Increasing maintenance activities in numerous developed regions namely
North America and Europe is anticipated to boost the industry. In addition, escalating worker safety
concerns accompanied by increasing demand for material handling equipment in factories as well as in
manufacturing units is expected to surge the industry growth.
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Growing use of in disaster management operations, repairs of high tension power lines and applications
in defence industry is expected to be the key factor driving the aerial work platform truck market
demand. Organizing events and occasions such as music concerts, business events and increasing
festival organization are expected to prominently impact the industry.
Lack of authorized trained personnel among workforce is expected to hamper aerial work platform truck
market growth. However; annual maintenance and preventive maintenance contracts are expected to
serve as potential avenues for huge profit opportunities in the industry. In addition, booming demand
for scissor lifts and boom lifts in construction activity owing to elevate work force as well as equipments
is likely to fuel demand over the forth coming years.
Product Overview
Boom lifts was the leading product segment and was valued over USD 750 million in 2014. It is
estimated to be the fastest growing segment. Scissor lifts segment is expected to grow at a CAGR of over
18% owing to rising installation and maintenance demands. Operational advantage such as moveable
capability in tense spaces is likely to boost its demand.
End-use Overview
Construction was the leading end-use segment and accounted for more than 30% of the overall industry
share in 2014. It is expected to grow at a CAGR of over 18% from 2015 to 2022. Increasing infrastructure
development and large construction projects especially in developing countries such as China, India and
Brazil are anticipated to propel aerial work platform trucks demand for construction process.
Telecommunication is estimated to be the second largest growing segment with expected industry share
of over 20% and it is estimated to be valued over USD 2000.0 million by 2022. Increasing adoption of
smartphones especially in Asia Pacific region for better telecommunication infrastructure may spur AWP
truck market demand over the coming years.
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Regional Overview
Asia Pacific aerial work platform truck market was valued over USD 540.0 million in 2014 and is
estimated to be the fastest growing region with a CAGR of over 18% from 2015 to 2022. Increasing
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infrastructure development coupled with developing telecommunication sector is anticipated to fuel
demand in the region.
North America AWP truck market is expected to be the second largest growing region due to positive
outlook from application segments. It is estimated to be valued around USD 2,500.0 million by 2022.
Competitive Market Share
The global aerial work platform truck market share is highly fragmented, with the top four companies
accounting for large percentage of share. Terex Corporation was the key shareholder in 2014.
Companies such as Terex Corporation, Aichi Corporation, Haulotte and Tadano Limited are the key
industry participants.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Aerial Work Platform (AWP) truck - Industry summary & Critical Success Factors (CSFs)
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Chapter 3 AWP Truck Industry Overview
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 AWP truck value chain analysis
3.4 AWP truck market dynamics
3.5 Key opportunities prioritized
3.6 Industry analysis - Porter’s
3.7 AWP truck key company analysis, 2014
3.8 AWP truck PESTEL analysis
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Chapter 4 AWP Truck Product Overview
4.1 AWP truck market share by product, 2014 & 2022
4.2 Boom Lifts
4.3 Scissor Lifts
4.4 Vertical Mast Lifts
4.5 Personal Portable Lifts
Chapter 5 AWP Truck End-Use Overview
5.1 AWP truck market share by end-use, 2014 & 2022
5.2 Construction
5.3 Telecommunication
5.4 Transport & Logistics
5.5 Government
5.6 Others
Chapter 6 AWP Truck Regional Overview
6.1 AWP truck market share by region, 2014 & 2022
6.2 North America
6.3 Europe
6.4 Asia Pacific
6.5 Latin America
6.6 MEA
Chapter 7 Competitive Landscape
7.1 AICHI Corporation
7.2 Altec Inc.
7.3 Bronto Skylift
7.4 CTE
7.5 Hunan Runshare
7.6 Ruthmann GmbH & Co. KG.
7.7 Shen Yang North Traffic Heavy Industry Group
7.8 Tadano Ltd.
7.9 Terex
7.10 Teupen
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