The aerial lifts market is projected to grow at a CAGR of 2.97% during the forecast period. Aerial lifts are vehicle-mounted devices that are used to access utility lines and other above-ground job sites. Aerial lifts have replaced ladders and platforms on many sites because of their mobility and flexibility. It is used as a means of cable transport in which cabins, cars, or open chairs are pulled above the ground using the cables. Aerial lift systems are generally used in mining and mountainous regions where roads are very difficult to build. These lift systems can be easily moved and are used to cross rivers and canyons. It is also used to handle building maintenance, painting, trimming trees, installing heating, ventilation, and air conditioning services, and inventory management. Aerial lifts are establishing a firmer foothold in the industrial and construction sectors due to the high maintenance of the assets. It is mainly utilized by real estate management companies, manufacturers, construction companies, maintenance service providers, and warehouses. The growth of the market can be attributed to rapid urbanization, an increase in the construction of high buildings, an increase in the number of smart cities, and an increase in investment in the construction market. However, the limited availability of trained operators, high costs, and accidents associated with aerial lifts is a concern for the growth.
The Aerial Lifts Market – Forecasts from 2019 to 2024 is an exhaustive study of this niche technology market which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, application, product, platform height, and geography.
The aerial lifts market has been segmented based on type, application, product, platform height, and geography. Based on type the market has been segmented into electric and engine-powered. By application, the market has been classified into construction, mining, warehousing & logistics, and Others. By type, the market is classified as boom lifts, scissors lifts, cherry picker, and spider lift.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the market of aerial lift have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the aerial lifts market.
|Growth Rate||CAGR of 2.97% during the forecast period|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, Product, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Snorkel, Terex Corporation, JLG Industries, NIftylift (UK) Limited, Teupen USA, Inc., MEC Aerial Work Platforms, Altec Industries, Manitou, Skyjack (A Linamar Company), Tadano Ltd., Aichi Corporation|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the aerial lifts market?
A1. The aerial lifts market is projected to grow at a CAGR of 2.97% during the forecast period.
Q2. Who are the major players in the aerial lifts market?
A2. Prominent key market players in the global aerial lifts market include Snorkel, Terex Corporation, JLG Industries, NIftylift (UK) Limited, Teupen USA, Inc., MEC Aerial Work Platforms, Altec Industries, among others.
Q3. How is the global aerial lifts market segmented?
A3. Aerial Lifts Market has been segmented by type, application, product, and geography.
Q4. What factors are anticipated to drive the aerial lifts market growth?
A4. The aerial lifts market growth can be attributed to rapid urbanization, an increase in the construction of high buildings, an increase in the number of smart cities, and an increase in investment in the construction market.
Q5. What is the base year considered in the aerial lifts market report?
A5. 2018 has been taken as the base year in the aerial lifts market.
NIftylift (UK) Limited
Teupen USA, Inc.
MEC Aerial Work Platforms
Skyjack (A Linamar Company)
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