North America Aerial Work Platform Market
No. of Pages: 82 | Report Code: BMIRE00030483 | Category: Manufacturing and Construction
No. of Pages: 82 | Report Code: BMIRE00030483 | Category: Manufacturing and Construction
The North America aerial work platform market was valued at US$ 5,808.37 million in 2022 and is expected to reach US$ 9,808.73 million by 2030; it is estimated to register a CAGR of 6.8% from 2022 to 2030. Growth in Construction Activities and Infrastructure Projects Fuel North America Aerial Work Platform Market
The growth in construction activities and infrastructure projects significantly drives the demand for aerial work platforms (AWPs) due to the specific requirements and advantages offered by these platforms. Construction projects often involve work at elevated heights, such as installing structural components, roofing, or facade work. Rapid urbanization and the rise in population drive the need for new housing, commercial spaces, and infrastructure. As cities expand, the construction of high-rise buildings and large-scale projects necessitates AWP for safe and efficient construction. AWPs provide a safe and efficient means for workers to access these elevated areas. As construction projects become more complex, with taller buildings and intricate structures, there is a growing need for equipment that can provide increased vertical reach. Boom lifts and scissor lifts, which are common types of AWPs, are designed to meet these requirements. AWPs are versatile and can be used for a wide range of construction tasks. These platforms are used while painting, doing electrical work, HVAC installation, or general maintenance, as they provide a flexible solution for accessing various work areas. As construction activities and infrastructure projects expand, the demand for aerial work platforms grows in tandem, driven by the need for safe, efficient, and versatile solutions for working at elevated heights. Thus, the growth in construction activities and infrastructure projects drives the aerial work platforms market.North America Aerial Work Platform Market Overview
The market in North America is analyzed by the presence of developed countries such as the US and Canada, where construction activities are growing at a significant pace. Considering a rise in the adoption of advanced and smart technologies, the US and Canada offer lucrative opportunities to grow the market for aerial work platforms in the coming years.
In North America, the robust development in the construction industry is a significant driver of the aerial work platforms market, as it relies on AWPs for building construction, maintenance, and infrastructure projects. The emphasis on workplace safety, efficiency, and adherence to regulations amplifies the widespread adoption of AWPs. Several factors drive the aerial work platforms market in the region, including the mounting demand for infrastructure development, rising demand for renovation and repair work, and rapid urbanization. Challenging factors include economic fluctuations that can impact construction activities and capital expenditures is expected to restrain the growth of the market in the coming years. Additionally, there are challenges related to stringent safety regulations, driving the need for continuous innovation and adherence to evolving standards which in turn is expected to restrain the market growth during the forecast period.
Furthermore, the US holds a prominent share in the North America aerial work platforms market. The burgeoning renewable energy sector also presents maintenance and installation opportunities to aerial work platforms market players. Further, with the rising adoption of rented AWPs, businesses are implementing cost-effective solutions. The US Department of Labor Law and Health and Safety Legislation in Canada are a few major legislative laws ensuring workforce safety. The increasing number of site hazards due to the lack of appropriate safety precautions and the growing emphasis on workplace safety is also boosting the demand for aerial work platforms in North America.
North America Aerial Work Platform Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the North America Aerial Work Platform provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Aerial Work Platform refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report North America Aerial Work Platform Strategic Insights
Get more information on this report North America Aerial Work Platform Report Scope
Report Attribute
Details
Market size in 2022
US$ 5,808.37 Million
Market Size by 2030
US$ 9,808.73 Million
Global CAGR (2022 - 2030)
6.8%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
By End User
Regions and Countries Covered
North America
Market leaders and key company profiles
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North America Aerial Work Platform Market Segmentation
The North America aerial work platform market is categorized into type, end-user, and country.
Based on type, the North America aerial work platform market is segmented into scissor lifts, boom lifts, telehandlers, vertical mast lifts, and others. The scissor lifts segment held the largest North America aerial work platform market share in 2022.
In terms of end-user, the North America aerial work platform market is segmented into construction, utility, mining, transport & logistics, and others. The construction segment held the largest North America aerial work platform market share in 2022.
By country, the North America aerial work platform market is segmented into the US, Canada, and Mexico. The US dominated the North America aerial work platform market share in 2022.
IMER International SpA, Fabrication Authorities International Inc, Terex Corp, Tadano Ltd, Zoomlion Heavy Industry NA Inc, Sany Palfinger SPV Equipment Co Ltd, Jinan Nostec Equipment Co Ltd, JLG Industries Inc, and Xuzhou Construction Machinery Group Co Ltd. are some of the leading companies operating in the North America aerial work platform market.
1. IMER International SpA
2. Fabrication Authorities International, Inc
3. Terex Corp
4. Tadano Ltd
5. Zoomlion Heavy Industry, NA Inc
6. Sany Palfinger SPV Equipment Co., Ltd
7. Jinan Nostec Equipment Co., Ltd
8. JLG Industries, Inc
9. Xuzhou Construction Machinery Group Co., Ltd
The North America Aerial Work Platform Market is valued at US$ 5,808.37 Million in 2022, it is projected to reach US$ 9,808.73 Million by 2030.
As per our report North America Aerial Work Platform Market, the market size is valued at US$ 5,808.37 Million in 2022, projecting it to reach US$ 9,808.73 Million by 2030. This translates to a CAGR of approximately 6.8% during the forecast period.
The North America Aerial Work Platform Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Aerial Work Platform Market report:
The North America Aerial Work Platform Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Aerial Work Platform Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Aerial Work Platform Market value chain can benefit from the information contained in a comprehensive market report.
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