Global Aerial Work Platform Market Size Will Reach $10.54 Billion in 2023

An aerial work platform is mechanical equipment used for high-altitude operations, usually composed of telescopic arms, a platform, and a lifting system. They can perform high-altitude operations quickly and efficiently and can be reused, greatly reducing the cost of high-altitude operations. Aerial work platforms are widely used in construction, maintenance, rescue, and other fields, providing people with a safer, more efficient, and convenient way of working at heights.

Analysis of the Global Aerial Work Platform Segmentation Market

According to the different structural characteristics, aerial work platforms can usually be divided into three categories: straight-arm aerial work platforms, curved-arm aerial work platforms, and scissor-type aerial work platforms. Among them, the straight-arm and scissor-type aerial work platforms dominate the market. According to our research data, the global revenue of the straight-arm and scissor-type aerial work platform segments is expected to reach $5841 million and $3762 million respectively in 2023, with a share of 55.40% and 35.68% in the total global market revenue, respectively.

From the development situation in various regions, North America is the largest revenue market for the global aerial work platform industry. According to our data, the revenue of the North American aerial work platform market is expected to reach $4093 million in 2023, accounting for 38.82% of the global total revenue; The European market is expected to rank second with revenue of $3762 million and a share of 29.43%.

Global Aerial Work Platform Market Revenue and Share by Type and Region in 2023

Source: www.globalmarketmonitor.com

Overview of Global Aerial Work Platform Market Development and Analysis of Competition Pattern

Driven by factors such as increased labor costs and the prosperity of the construction industry, the global market for aerial work platforms is steadily growing. According to our research data, the total size of the global aerial work platform market is expected to reach $10.54 billion in 2023. In the future, with the increasing demand for applications in downstream construction and facility maintenance, the market will usher in more development opportunities. It is expected that the global market size of aerial work platforms will increase to $11.75 billion by 2025.

From the perspective of market competition, the concentration of the global aerial work platform market is moderate. Data shows that in 2020, the total production value of aerial work platforms by the top 3 enterprises in the industry was $44.69 million, with a total market share of 47.77%. The top three companies were JLG, Terex, and Skyjack. In 2020, these three companies accounted for 19.91%, 19.19%, and 8.67% of the global total production value of their aerial work platforms, respectively.