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Aerial Work Platforms Market Analysis & Opportunity Assessment, 2014 - 2020

Oct 15, 2014 | Chemicals & Materials | FMI

Mobile work platforms, used to reach inaccessible areas, difficult for workers, technicians, manually access, are known as aerial work platforms. These platforms are supported by lifting mechanisms, usually cranes or vehicle-mounted equipment. Aerial work platforms are widelyused in construction and mining industries, owing to the nature of work, complexity in structural design, and elevation. Aerial work platforms are also utilized for maintenance and repair activities of high tension power lines, disaster management operations, and in defense sectors. Incorporation of safety features, ease of handling, and maneuverability are some of the features driving growth in the market.

Large-size construction projects, increasing installation and maintenance activities of street lights, power cables, and transformers, up-gradation of fire-fighting stations and their infrastructure, and increasing organization of festivals, concerts, and corporate events are driving the need for aerial work platforms across geographies. Aerial work platforms can be controlled using various methods such as vertical, lateral, rotational, and ground movement. Movement is initiated in these platforms with the help of compressors or hydraulics.

Some of the underlying drivers of the market are firm economic growth in developing countries, growing investments in real estate and infrastructure, developing telecommunication networks, urbanization trend, worker safety concerns, and adoption of best practices for efficient and sophisticated ways of construction. The market for aerial work platforms has firm double-digit growth potential. Some of the players identified in the market are Caterpillar, MEC Aerial Work Platforms, Terex, JLG Lift and Access Equipment, Snorkel Lifts, Tadano, Haulotte, and other construction equipment providers.