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The aerial work platform (AWP) truck market has the potential to grow by USD 1.92 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.61%.
This aerial work platform truck market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (boom lifts, scissor lifts, vertical mass lifts, and personnel portable lifts), end-user (construction, telecom, transportation and logistics, and others), and geography (North America, Europe, APAC, MEA, and South America). The aerial work platform truck market report also offers information on several market vendors, including Altec Inc., Bronto Skylift Oy Ab, Haulotte Group, Linamar Corp., Manitex International Inc., Manitou BF SA, Oshkosh Corp., Tadano Ltd., Terex Corp., and Toyota Industries Corp. among others.
Browse TOC and LoE with selected illustrations and example pages of Aerial Work Platform Truck Market
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in construction activities across countries is notably driving the AWP truck market growth, although factors such as lack of trained and skilled workforce may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the aerial work platform truck industry get your FREE report sample now.
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This aerial work platform truck market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The AWP truck market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the aerial work platform truck market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
For more insights on the market share of various regions Request for a FREE sample now!
42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for aerial work platform trucks in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.
Increasing investments in infrastructure and grid modernization and the stringent regulations related to the safety of personnel and employees will facilitate the aerial work platform truck market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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The aerial work platform truck market share growth by the boom lifts segment will be significant during the forecast period. Several benefits offered by boom lifts, especially articulating boom lifts, such as maneuvering up, ability to accommodate in tight work areas, and ability to achieve difficult positioning, make them widely used lifts in AWP trucks.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aerial work platform truck market size.
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Aerial Work Platform Truck Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
Market growth 2021-2025 |
$ 1.92 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.57 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, China, Germany, Canada, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Altec Inc., Bronto Skylift Oy Ab, Haulotte Group, Linamar Corp., Manitex International Inc., Manitou BF SA, Oshkosh Corp., Tadano Ltd., Terex Corp., and Toyota Industries Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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