Aerial Work Platforms Market is Expected to Grow at a CAGR of ~ 4% During 2019 to 2029 - Future Market Insights

Conventional methods of lifting equipment and maintaining industrial assets have been an affair of concern among the construction verticals of many countries. Realizing personnel welfare and resource preservation has motivated infrastructure and mining operators to turn to aerial work platforms. Key players are embracing self-propelled and energy-efficient technology to cater to the needs of end users.  Conventional methods of lifting equipment and maintaining industrial assets have been an...

VALLEY COTTAGE, New York, 27/08/2019 (informazione.news - comunicati stampa - trasporti)

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FMI's report finds that boom lifts hold shares worth more than half of the global aerial work platform market value. Battery-driven boom lifts offer high flexibility, enabling movement around obstacles and access to compact areas, and the tiers of the boom lifts do not leave any mark. Electric boom lifts provide vertical elevation of more than 100 feet, and facilitate vertical and horizontal movements without disturbing the base and offer a 180-degree operation to reach areas behind the equipment. Furthermore, they are best fit for jobs that require excessive movement and can be coupled with other transporting vehicles, finding favor with the end users.

On the flip side, scissor lifts facilitate only unidirectional movement, i.e. upwards and the base requires constant adjustment accordingly. Some variants of scissor lifts, for instance, rough terrain scissor lifts, do not have non-marking tiers and offer a maximum of 60 feet elevation. Furthermore, scissor lifts are cost-intensive as they demand regular maintenance.

Both, the industrial end users and AWPs rental service providers are witnessing sluggish progress, with the latter slightly declining over the forecast timeframe, says FMI. Construction and commercial sectors hold substantial shares on account of rising building activities in developing and under-developed countries as well as manufacturing amusement sites for entertainment purposes.  Furthermore, the assets in construction and commercial verticals demand continuous and long-term maintenance, adding further to the expenses. 

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Customers from low and middle income countries (LMIC) are stumbling upon AWPs rental service provider companies for temporary purposes, owing to high initial investments and progressive maintenance costs of aerial work platforms, for instance, scissor lifts. These rental service providers facilitate users with tailored aerial work platforms sticking to the requirements of the job sites, such as articulated boom lifts, and rough terrain scissor lifts, among others.

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