Aerial Work Platforms Market is segmented By Product (Scissor Lifts, Boom Lifts, Vertical Mast Lifts, Personal Portable Lifts, Others), By End-use Ind....
Market Size in USD Bn
CAGR7.84%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 7.84% |
Market Concentration | Medium |
Major Players | JLG Industries (Oshkosh Corporation), Terex Corporation, Haulotte Group, Linamar Corporation (Skyjack), Aichi Corporation (Toyota Industries) and Among Others |
The aerial work platforms market is estimated to be valued at USD 11.28 Bn in 2024 and is expected to reach USD 19.13 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 7.84% from 2024 to 2031. The aerial work platforms market is driven by the growth in construction industry as these machines enable efficient and safer working at height for various construction activities.