Aerial Work Platforms Market Expected to Reach USD 40.4 Billion by 2032 | Growing at a CAGR of 9%

Market Research Future (MRFR) has published a cooked research report on the “Global Aerial Work Platforms Market” that contains information from 2019 to 2032. The Aerial Work Platforms market is estimated to register a CAGR of 9.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Aerial Work Platforms market— AICHI CORPORATION, Advance Lifts, Inc., Altec Industries, Bronto Skylift, DINOLIFT OY, EdmoLift AB, HAULOTTE GROUP, JLG Industries, Linamar Corporation, MEC, RUNSHARE Heavy Industry Company, Ltd., Tadano Ltd., Terex Corporation, WIESE USA, and Zhejiang Dingli Machinery Co., Ltd. (DINGLI).

Market Highlights

The global Aerial Work Platforms market is accounted to register a CAGR of 9.00% during the forecast period and is estimated to reach USD 40.4 billion by 2032.

The rapidly growing populations of China, India, Brazil, Bangladesh, Indonesia, the United States, and other countries are expected to require technological facilities like electrical utilities and telecommunication networks. These initiatives, along with ongoing improvements to urban and rural infrastructure, are anticipated to fuel the growth of end-use industries like construction, electric and telecommunication, retail, and others. In recent years, there has been an increase in demand for various mechanical and electrical equipment used in the construction of aerial lifts. In order to save gasoline, manufacturers are compelled to provide technologically sophisticated equipment or lifts, such as hybrid and electricity-driven vehicles. However, because of a labor shortage, the use of these sophisticated and technologically improved aerial platforms has not been widespread.

Segment Analysis

The global Aerial Work Platforms market has been segmented based on Product, Propulsion Type, Lifting Height, and Application.

On the basis of Product, the market is segmented into Boom Lifts, Scissor Lifts, and Vertical lifts. The Scissor Lifts segment was attributed to holding the largest market share in 2023. This is because of its small size and ability to complete tasks quickly.

Based on Propulsion Type, the global Aerial Work Platforms market has been segmented into ICE, Electric, and Air. The ICE segment was expected to hold the largest market share in 2023. The segment is mainly driven by the rise in demand for lifts with diesel engines that are utilized for heavy-duty outdoor applications.

On the basis of Lifting Height, the market is segmented into Less than 20 ft, 21-50 ft, and more than 51 ft. The more than 51 ft segment was attributed to holding the largest market share in 2023. The demand for more sophisticated AWPs that can achieve larger heights is being fueled by the expanding renewable energy sector.

Based on Application, the global Aerial Work Platforms market has been segmented into Construction, Utilities, Logistics & Transportation, and Others. The construction segment is expected to hold the largest market share in 2023. Compared to traditional solutions in this industry, AWPs provide workers and operators with greater safety and flexibility.

Regional Analysis

The global Aerial Work Platforms market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Aerial Work Platforms market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Aerial Work Platforms market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Aerial Work Platforms market comprises the Middle East, Africa, and Latin America.

The largest market share for Aerial Work Platforms was maintained by the North American regional sector. The fast-rising costs associated with building different kinds of business and residential complexes are the reason for this rise. The construction of distribution centers, warehouses, and retail locations as a result of the growth of the logistics and supply chain sector increased demand for AWPs. Additionally, the IT and telecom sectors in the United States and Canada are anticipated to support the use of AWPs for the installation of telecom towers as well as maintenance and repair operations at great heights. Due to factors including quick investments in the logistics sector and quick infrastructure development of clean energy systems, the U.S. market is anticipated to grow quickly over the course of the projected period.

Moreover, Europe is experiencing consistent growth as a result of more product launches and improved product supply chains. The increasing usage of smartphones leads to the updating of telecom towers, which increases the need for these items for upkeep. These elements contribute to the market's expansion.

Additionally, Asia Pacific is rapidly becoming more urbanized, and this is reflected in the rising investments made in infrastructure projects, including the building, maintenance, and renovation of roads, bridges, and buildings. These infrastructure and construction projects require aerial work platforms as a necessary piece of equipment to access elevated work sites, which is increasing demand in the area. The building industry in Asia Pacific is expanding significantly in the residential, commercial, and industrial domains. In order to promote the growth of the industry in the area, aerial work platforms are essential instruments for construction jobs, including painting, welding, glazing, and façade maintenance.

Furthermore, the rest of the world's Aerial Work Platforms market is divided into the Middle East, Africa, and Latin America. This growth is because self-leveling boom lifts and scissor lifts are becoming more and more popular for use in construction. These elements support the Middle East, Africa, and Latin America's need for aerial lifts.

Key Findings of the Study

• The global Aerial Work Platforms market is expected to reach USD 40.4 billion by 2032, at a CAGR of 9.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the rising investments made in infrastructure projects, including building, maintaining, and renovating roads, bridges, and buildings.


• Based on the product, the scissor lifts segment was attributed to holding the largest market in 2022.


• AICHI CORPORATION, Advance Lifts, Inc., Altec Industries, Bronto Skylift, DINOLIFT OY, EdmoLift AB, HAULOTTE GROUP, JLG Industries, Linamar Corporation, MEC, RUNSHARE Heavy Industry Company, Ltd., Tadano Ltd., Terex Corporation, WIESE USA, and Zhejiang Dingli Machinery Co., Ltd. (DINGLI) are the key market players.