Aerial Equipment Market By Product (Atrium / Spider Lifts, Boom Lifts, Cranes, and Scissor Lifts); By Technology (Unpowered, Self-propelled, and Vehicle-mounted); By Ownership (Rental and End-Use Industry); By End-User (Fire Brigade, Industrial, Power Plant, Construction, Ship & Offshore, and Others (Glass Cleaning, and Maintenance)) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2022

Global aerial equipment market is expected to reach USD 14,300 million by 2022, growing at a CAGR of 9.5% between 2017 and 2022.

Request Brochure Request Discount

15-Feb-2018 | Number of pages: 110 | Report Code: ZMR-2617 | Report Format : | Status : Published

Abstract

Report Brief

  • The report covers forecast and analysis for the aerial equipment market on a global and regional level
  • The report includes the drivers and the restraints that affect the growth of the market
  • Detailed information about the market opportunities are discussed
  • The key target audience for the market has been determined in the report
  • The revenue generated by the prominent industry players has been analyzed in the report
  • The market numbers have been calculated using top-down and the bottom-up approaches 
  • The aerial equipment market has been analyzed using the Porter’s Five Forces Analysis
  • The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on regional level as well
  • All the segments have been evaluated based on the present and the future trends
  • The report deals with the in-depth quantitative and qualitative analyses of the aerial equipment market
  • The report includes the detailed company profiles of the prominent market players

Market Summary

Overview

The aerial equipment is used for multiple purposes in the construction, manufacturing, and other sectors. One of the commonly used equipment is crane equipped with an aerial-lift personnel basket. It is used to lift the workers to a height. Aerial equipment is also called as aerial work platform (AWP), aerial device, mobile elevating work platform (MEWP), or elevating work platform (EWP).

Value

The global aerial equipment market was valued at around USD 8,300 million in 2016 and is expected to reach over USD 14,300 million by the end of 2022, growing at a CAGR of 9.5% between 2017 and 2022.

Drivers and Restraints

The rapid growth in the construction value across the globe is expected to revive the construction equipment industry revenue. As a result, the global aerial equipment market is also growing. Growth in the construction industry, stringent labor laws and government regulations, and strict adherence to human safety concerns are some of the other factors driving the growth of the global aerial equipment market.

The high capital investment requirement is expected to limit the market growth. However, improved technology and worker efficiency have supported production volume.

Aerial Equipment Market

Segmentation

Scissor lift was the leading segment and it accounted for around 35% share of total volume consumption in 2014. The scissor lifts provide operational benefits such as maneuvering capability in tight spaces thus being used increasingly. The growing demand for scissor lifts in the maintenance and installation applications is expected to increase its demand in the coming years.

Vehicle mounted lift stood at around 44 thousand units in 2016. In terms of revenue, this segment held majority share on account of technological advancement and new product innovations.

The demand for the rental equipment is growing in the construction industry across the globe. This is owing to the rapid growth of the construction equipment rental market which has opened up opened up potential opportunities for the aerial equipment manufacturers. According to the International Powered Access Federation (IPAF), rental aerial equipment market is anticipated to value at USD 8.917 Million in 2017.

The construction sector dominated the end-user industry segment. The construction sector is expected to grow at a CAGR of over 9.6% owing to increasing government and private investment in the real-estate sector and infrastructure development. Growing concerns regarding the worker safety also anticipate fueling the demand for the aerial equipment in the construction industry.
In terms of value, the North America aerial equipment market was valued at around USD 3,251.6 million in 2016. North America dominates the global aerial equipment market due to the increased demand for the advanced construction equipment technology.
 
Industry Players

The global aerial equipment market report profiles some of the leading players in the market and analyzes their key strategies. The major players in the market are Altec Industries, Aerial Access Equipment, Elliott Equipment Company, Grove, Haulotte, JLG, Linamar, MEC Aerial Work Platforms, Manitex International, Manitou, Nifty-lift, Oshkosh Corporation, Reachmaster, Snorkel, Terex Corporation, Tadano, Toyota Material Handling U.S.A(Aichi), and XCMG Group.

The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio. For instance, in March 2017 The Manitou group, a world leader in all-terrain material handling, had signed an agreement to acquire Terex Equipment Private Limited (TEPL) based in Greater Noida, India, from Terex Corporation.


Related Reports

Automotive Wiring Harness Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-3331 | Report Format:

Automotive Wiring Harness Market: Overview The automotive wiring harness is an electrical assembly of wires and cables that transmit electrical power or signals in automobiles. It is bound together by straps, cable ties, sleeves, cable lacing, electrical tape, or a combination of these systems. ...Read More

Automotive Windshield Washer Fluid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2024

Price : $ 3999.00 | Report Code: ZMR-3330 | Report Format:

Automotive Windshield Washer Fluid Market: Overview Windshield washer fluid is a liquid used in motor vehicles for the purpose of cleaning, washing, and wetting. It is used in cleaning the windshield with the windshield wiper while the vehicle is being driven. The windshield washer system helps ...Read More

Small Electric Vehicle Market by Vehicle Type (2 or 3 Wheeler, Passenger Cars, and Light Commercial Vehicle), by Technology (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Battery Electric Vehicle), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Aug-2018 | Price : $ 4899.00 | Pages: 152 | Report Code: ZMR-3293 | Report Format:

The report analyzes and forecasts the small electric vehicle market on a global and regional level. The study offers historical data for the past three years along with forecast from 2018 to 2024 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers ...Read More

Automotive Upholstery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3900.00 | Report Code: ZMR-3216 | Report Format:

Global Automotive Upholstery Market: Overview Trimming up the vehicles interior and recovering of the seats is mainly referred to as automotive upholstery. Use of lightweight materials, padding, springs, fabrics, quality leather for the furniture especially seats inside the vehicle or automobile...Read More

Automotive Radar Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2024

Price : $ 3900.00 | Report Code: ZMR-3215 | Report Format:

Automotive Radar Market: Overview Automotive radars are generally used to locate objects, such as vehicles and pedestrians, in the area of thecar. Automotive radar consists of a transmitter which sends out radio waves that hit an object to the receiver and the receiver controls the movement or t...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.