Industry Overview
Global Aerial Work Platform (AWP) truck market size is expected to
attain USD 8000.0 million in 2022, growing at a CAGR of over 18% from
2015 to 2022. Rising infrastructure developments owing to increasing
real estate investments is anticipated to drive AWP truck market growth.
Rising construction activities owing to increasing investments from
private and government sector in huge infrastructure plans is likely to
propel demand.
Increasing demand in telecommunication industry owing to increasing
smartphone users is anticipated to fuel the global demand. Increasing
maintenance activities in numerous developed regions namely North
America and Europe is anticipated to boost the industry. In addition,
escalating worker safety concerns accompanied by increasing demand for
material handling equipment in factories as well as in manufacturing
units is expected to surge the industry growth.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/aerial-work-platform-truck-market/
Growing use of in disaster management operations, repairs of high
tension power lines and applications in defence industry is expected to
be the key factor driving the aerial work platform truck market demand.
Organizing events and occasions such as music concerts, business events
and increasing festival organization are expected to prominently impact
the industry.
Lack of authorized trained personnel among workforce is expected to
hamper aerial work platform truck market growth. However; annual
maintenance and preventive maintenance contracts are expected to serve
as potential avenues for huge profit opportunities in the industry. In
addition, booming demand for scissor lifts and boom lifts in
construction activity owing to elevate work force as well as equipments
is likely to fuel demand over the forth coming years.
Product Overview
Boom lifts was the leading product segment and was valued over USD
750 million in 2014. It is estimated to be the fastest growing segment.
Scissor lifts segment is expected to grow at a CAGR of over 18% owing to
rising installation and maintenance demands. Operational advantage such
as moveable capability in tense spaces is likely to boost its demand.
End-use Overview
Construction was the leading end-use segment and accounted for more
than 30% of the overall industry share in 2014. It is expected to grow
at a CAGR of over 18% from 2015 to 2022. Increasing infrastructure
development and large construction projects especially in developing
countries such as China, India and Brazil are anticipated to propel
aerial work platform trucks demand for construction process.
Telecommunication is estimated to be the second largest growing
segment with expected industry share of over 20% and it is estimated to
be valued over USD 2000.0 million by 2022. Increasing adoption of
smartphones especially in Asia Pacific region for better
telecommunication infrastructure may spur AWP truck market demand over
the coming years.
Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/278
Regional Overview
Asia Pacific aerial work platform truck market was valued over USD
540.0 million in 2014 and is estimated to be the fastest growing region
with a CAGR of over 18% from 2015 to 2022. Increasing infrastructure
development coupled with developing telecommunication sector is
anticipated to fuel demand in the region.
North America AWP truck market is expected to be the second largest
growing region due to positive outlook from application segments. It is
estimated to be valued around USD 2,500.0 million by 2022.
Competitive Market Share
The global aerial work platform truck market share is highly
fragmented, with the top four companies accounting for large percentage
of share. Terex Corporation was the key shareholder in 2014. Companies
such as Terex Corporation, Aichi Corporation, Haulotte and Tadano
Limited are the key industry participants.
Browse Full Report @ http://www.hexaresearch.com/research-report/aerial-work-platform-truck-market/
About Us:
Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Visit our Blog: http://hexaresearchinc.blogspot.com/
No comments:
Post a Comment