Global Aerial Work Platform Market Overview
Work platforms are used by technician, engineers and workers to reach inaccessible zones in order to maintain or fix the glitches. Aerial work platform enables workforce to reach manually and physically to operate tasks such as fixing technical problems of heighted telecommunication towers.
Aerial work platform also employed for installation and maintenance of high tension power lines, street lights and transformers. The rapid growth in power sector along with rising maintenance and repair activities across the globe are some of the major factors which are driving importance of aerial work platforms.
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The global aerial work platform market is projected to reach USD 14.2 Billion by 2023 from USD 7.8 Billion in 2015. Further, the market is predicted to index a CAGR of 6.2% over the forecast period i.e. 2016-2023. The market of aerial work platform is majorly driven by the factors such as rising investment in construction and increase in adoption of time savings and safe equipment.
Asia-Pacific market of aerial work platform anticipated to be the fastest growing market across the globe over the forecast period. Presence of emerging economies such as India, China, Japan, Malaysia, South Korea and rapid urbanization heating the infrastructure and telecommunication facilities are some of the prime driving factors for the growth of aerial platform market in near future. Moreover, the market in Asia-Pacific region is estimated to flourish at a CAGR of 11.5% over the forecast period i.e. 2016-2023.
Demand Analysis By Market Segmentation
Our in-depth analysis segmented the global aerial work platform market in the following segments:
By Product Type
Vertical Mass Lifts
Personal Portable Lifts
By Fuel Type
By Platform Height
Up to 30 Feet
30 Feet-60 Feet
60 Feet-100 Feet
More than 100 Feet
Transport & Logistics
Global aerial work platform market is further classified on the basis of region as follows:
North America (United States /U.S. & Canada)
Latin America (Brazil, Mexico, Rest of Latin America)
Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
Middle East and North Africa (MENA)
Rest of World
Contact Key extracts from the Table of Content of Aerial Work Platform Market 2016-2023 report:
Aerial Work Platform Market Size and Forecast, 2016-2023
Aerial Work Platform Market CAGR for the Period 2016-2023
Aerial Work Platform Market Y-O-Y for the Period 2016-2023
Aerial Work Platform Market Demand & Supply Analysis
Aerial Work Platform Market Investment Attractiveness
Aerial Work Platform Market BPS Analysis
Aerial Work Platform Market Dynamics – Trends, Drivers, Challenges, and Opportunities
Aerial Work Platform Market Competitive Landscape Analysis
Aerial Work Platform Market Investment Proposition, by Geography
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