Product Code: ETC044284 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Aerial Work Platform Market is poised for steady growth rate improvements from 2025 to 2029. Commencing at 12.01% in 2025, growth builds up to 15.99% by 2029.
India aerial work platform (AWP) market is projected to grow at a CAGR of 6.7%, during the forecast period 2025-2031. A surge in construction and industrial activities, growing infrastructural development projects due to government initiatives such as Housing for All by 2022, 100 Smart Cities Mission, and other schemes are driving the growth of the AWP market in India. Moreover, an increase in investment from foreign companies into Indian infrastructure is further supporting the demand for AWPs in various applications across major industries such as Construction & Mining; Oil & Gas; Power Generation & Distribution; Manufacturing; and others including events rental companies and logistics industry.
Increase in Government Initiatives: The adoption of several government initiatives such as ?Housing for All by 2022? 100 Smart Cities Mission and other housing policies have led to an increased demand from various sectoral end users which has resulted into growth of AWP market through higher investments towards infrastructural development projects thereby fueling market expansion over forecasted timeframe. Growing Investment from Foreign Companies Into Indian Infrastructure: With increasing economic reforms undertaken by the Indian government coupled with opening up FDI regulations have resulted into rising number of foreign investors pouring huge funds towards establishing manufacturing units or setting up distribution centers within country that will ultimately drive growth opportunities for aerial work platforms operating within nation thereby augmenting overall business revenue over forthcoming years.
High Cost Associated with Maintenance: Most Aerial Work Platforms require costly maintenance services owing to its sophisticated nature thus limiting its usage among end user sectors having low capital budget leading to challenges faced by OEMs while expanding their customer base across different regions over upcoming years.
Key players include Manitou Group (France), JLG Industries Inc., Snorkel International Ltd., Haulotte Group S.A., Upright access Solutions Pvt Ltd., Caterpillar Equipment Private Limited, Godrej Material Handling Equipment Division (Godrej), Terex Corporation etc .
During COVID 19 pandemic most nations had shut down majority part of their economies causing disruption throughout entire supply chain affecting all sectors particularly those involved directly or indirectly with construction industry leading to sluggishness experienced across global economy however post lockdown phase gradual recovery was witnessed wherein Chinese markets regained momentum thus helping manufacturers associated with production process including aerial work platform suppliers who eventually resumed operations thereon pushing revenues generated outstand.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Aerial Work Platform Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Aerial Work Platform Market Revenues & Volume, 2021 & 2031F |
3.3 India Aerial Work Platform Market - Industry Life Cycle |
3.4 India Aerial Work Platform Market - Porter's Five Forces |
3.5 India Aerial Work Platform Market Revenues & Volume Share, By Engine Type, 2021 & 2031F |
3.6 India Aerial Work Platform Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 India Aerial Work Platform Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 India Aerial Work Platform Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Aerial Work Platform Market Trends |
6 India Aerial Work Platform Market, By Types |
6.1 India Aerial Work Platform Market, By Engine Type |
6.1.1 Overview and Analysis |
6.1.2 India Aerial Work Platform Market Revenues & Volume, By Engine Type, 2021-2031F |
6.1.3 India Aerial Work Platform Market Revenues & Volume, By Electric, 2021-2031F |
6.1.4 India Aerial Work Platform Market Revenues & Volume, By Engine-powered, 2021-2031F |
6.2 India Aerial Work Platform Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 India Aerial Work Platform Market Revenues & Volume, By Boom Lifts, 2021-2031F |
6.2.3 India Aerial Work Platform Market Revenues & Volume, By Scissor Lifts, 2021-2031F |
6.2.4 India Aerial Work Platform Market Revenues & Volume, By Vertical Mast Lifts, 2021-2031F |
6.2.5 India Aerial Work Platform Market Revenues & Volume, By Personal Portable Lifts, 2021-2031F |
6.3 India Aerial Work Platform Market, By End-Users |
6.3.1 Overview and Analysis |
6.3.2 India Aerial Work Platform Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 India Aerial Work Platform Market Revenues & Volume, By Retail, Storage, and Warehouses, 2021-2031F |
6.3.4 India Aerial Work Platform Market Revenues & Volume, By Transportation and Logistics, 2021-2031F |
6.3.5 India Aerial Work Platform Market Revenues & Volume, By Others, 2021-2031F |
7 India Aerial Work Platform Market Import-Export Trade Statistics |
7.1 India Aerial Work Platform Market Export to Major Countries |
7.2 India Aerial Work Platform Market Imports from Major Countries |
8 India Aerial Work Platform Market Key Performance Indicators |
9 India Aerial Work Platform Market - Opportunity Assessment |
9.1 India Aerial Work Platform Market Opportunity Assessment, By Engine Type, 2021 & 2031F |
9.2 India Aerial Work Platform Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 India Aerial Work Platform Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 India Aerial Work Platform Market - Competitive Landscape |
10.1 India Aerial Work Platform Market Revenue Share, By Companies, 2024 |
10.2 India Aerial Work Platform Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |