United States (US) Aerial Work Platform Market (2020-2026) | Value, Outlook, Growth, Companies, Trends, Size, Revenue, Industry, COVID-19 IMPACT, Forecast, Share & Analysis

 

 

United States aerial work platform market Synopsis

The United States aerial work platform market is projected to expand at a CAGR of 5.1% during the forecast period (2020-2026). The increasing demand for efficient and safe access solutions in construction, oil & gas, ports & airports, and other industrial sectors will drive the growth of the aerial work platform market in the US. Moreover, growing investments in infrastructure development projects such as new bridges and roads are also expected to contribute significantly towards market growth during the forecast period. Additionally, technological advancements related to automation or remote control operations will further strengthen opportunities for manufacturers of aerial work platforms in this region.

Furthermore, various government initiatives such as ‘Make In India’ and ‘Build America’ have provided impetus to domestic manufacturing activities which will further support growth prospects for local players over imported products from international markets. However, high capital investment associated with these machines can be a major restraint on their adoption among some end users resulting in a slowdown of sales volumes over the years ahead.

Drivers of the Market

The robust growth of the construction sector in the United States has been a major driver for the aerial work platform market. Increased construction activities and infrastructure projects, create a strong demand for aerial work platforms in US. Aerial work platforms play a crucial role in maintenance and repair activities across various industries, such as telecommunications, power generation, and manufacturing. The need for efficient and safe access to heights drives the demand for these platforms. There is a growing focus on worker safety regulations and the need for safer working conditions. Aerial work platforms provide a secure and stable platform for working at heights, reducing the risk of accidents and injuries.

Challenges of the Market:

The market faces several challenges as aerial work platforms are expensive, especially advanced models with enhanced features and technology. This high initial cost can be a challenge for small and medium-sized enterprises (SMEs) and contractors with limited budgets. Aerial work platforms require regular maintenance and periodic inspections to ensure their safe and efficient operation. These maintenance costs can add to the overall operational expenses. Further, compliance with strict safety regulations, including operator training and certification requirements, can pose challenges for both equipment manufacturers and end-users.

COVID-19 Impact on the Market

The COVID-19 pandemic had a major impact on the United States aerial work platform market. While the construction sector experienced temporary disruptions due to project delays and supply chain issues, essential industries like infrastructure and maintenance activities remained relatively stable. The implementation of social distancing measures and safety protocols also influenced the usage of aerial work platforms. 

Key Players of the Market

The market has several leading players which include;

• JLG Industries, Inc. (Oshkosh Corporation)
• Genie Industries (Terex Corporation)
• Skyjack (Linamar Corporation)
• Haulotte Group
• Snorkel
• Manitou Group
• Aichi Corporation
• MEC Aerial Work Platforms

Key Highlights of the Report:

• United States (US) Aerial Work Platform Market Outlook
• Market Size of United States (US) Aerial Work Platform Market, 2019
• Forecast of United States (US) Aerial Work Platform Market, 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Revenues & Volume for the Period 2016 - 2026
• United States (US) Aerial Work Platform Market Trend Evolution
• United States (US) Aerial Work Platform Market Drivers and Challenges
• United States (US) Aerial Work Platform Price Trends
• United States (US) Aerial Work Platform Porter's Five Forces
• United States (US) Aerial Work Platform Industry Life Cycle
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Engine Type for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Electric for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Engine-powered for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Product Type for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Boom Lifts for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Scissor Lifts for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Vertical Mast Lifts for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Personal Portable Lifts for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By End-Users for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Construction for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Retail, Storage, and Warehouses for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Transportation and Logistics for the Period 2016 - 2026
• Historical Data and Forecast of United States (US) Aerial Work Platform Market Revenues & Volume By Others for the Period 2016 - 2026
• United States (US) Aerial Work Platform Import Export Trade Statistics
• Market Opportunity Assessment By Engine Type
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By End-Users
• United States (US) Aerial Work Platform Top Companies Market Share
• United States (US) Aerial Work Platform Competitive Benchmarking By Technical and Operational Parameters
• United States (US) Aerial Work Platform Company Profiles
• United States (US) Aerial Work Platform Key Strategic Recommendations

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