AWP Market to ship 500,000+ units by 2026

Global Market Insights, Inc. has recently added a new report on the aerial work platform market which estimates the global market valuation for AWP’s will cross US $18 billion by 2026. The rising demand for aerial work platforms in the telecom industry for electrical line repair, telephone wire, and transformer maintenance activities will propel the AWP market size. Moreover, the positive outlook of the global construction industry is anticipated to surge market demand.

The growing demand for vertical mast lifts across various industry verticals such as retail centers, public buildings, and airports for maintenance application is creating opportunities for market expansion.These lifts are witnessing a demand in maintenance applications, such as shelving, duct repair, and managing assembly lines, owing to their high portability and compact size compared to other AWP models.

The AWP industry is driven by the rising demand for electric access platforms for sustainable, efficient, and productive operations. The emergence of lightweight and durable electric AWPs is increasing market demand. Moreover, the innovation of electric aerial platforms with reduced charging time and longer runtime features will propel the aerial work platform market demand through 2026. Increasing government initiatives for the adoption of sustainable lifting solutions are strengthening product demand. Companies, such as JLG and Genie, are launching electric-powered aerial platforms to support the market trend.

Increasing usage of the access platform of above 25m height for outdoor construction and industrial applications is strengthening the demand for AWP products. AWPs above 25m are equipped with flat telescopic booms to perform heavy lifting activities in complex conditions. The emergence of tight turning radius AWPs coupled with a zero tail swing feature for better maneuverability is creating new market opportunities. Companies such as Genie and Aichi Corporation are offering aerial lift with 25 meters height powered by diesel and electric engines.

Rising demand for aerial lifts for the construction of new power plants across the globe is creating opportunities for the aerial work platform market.Increasing powerplant management projects is augmenting the demand for aerial platform solutions.The AWP market is driven by growing government initiatives for the development of nuclear powerplants. Insulated aerial lifts are used for installing and maintaining electric-powered transmission grids. Access platforms are being used for indoor powerplant installations and maintenance applications that include electronic and pneumatic machines equipped for power generation. Key players operating in the aerial work platform market share are JLG Industries, Manitou Group,Terex Corporation (Genie), Aichi Corporation, Zhejiang Dingli, and Zoomlion Heavy Industry Science and Technology Co. Ltd.

The industry players are launching advanced AWP products to increase their offerings. For instance, in February 2019, JLG Industries, Inc. announced the launch of a mobile control app for R Series Scissor Line. The software allows operators to drive, steer, and load scissor lifts using the mobile application platform.