Aerial Work Platform Market - Snapshot
As per a recent report by Transparency Market Research the
global aerial
work platform market is expected to grow substantially in
the duration of 2018 to 2026. The growth of the market is attributed to the
growing demand for aerial surveillance. Based on similar demands the global
aerial work platform market is projected to witness a consistent 6.1% CAGR
during this duration. Also, with this development, the market is projected to
bag US$ 8.7 bn by the end of 2026. The experts at Transparency Market Research
states that the market had a global volume of 83,800 units in 2017. This
implies that the global aerial work platform market has a huge growth potential
for the market players from 2018 to 2026.
Major Key Players of
the Aerial Work Platform Market are:
Aichi Corporation, Altec Inc., Bronto Skylift, Diversified Technologies.,
Haulotte Group, JLG Industries, MEC Aerial Work Platforms, Oshkosh Corporation,
Palfinger AG, Skyjack (Linamar Corporation), Tadano Ltd., and Terex
Corporation.
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Work Platform Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55863
Growing Number of Manufacturers to Toughen the
Competition in the Market
The competition of the global aerial work platform market is
getting tougher with every passing day. This is competition is the result of
the growing number aerial work platform manufacturers in the market. Every
manufacturer is offering technologically advanced platform which can perform
efficiently and deliver high valued results. Due to this challenging landscape
the entry of new players is getting quite difficult.
To avoid this, the new players are merging and collaborating
with established players of global aerial work platform market. These
strategies is allowing the new players to have technological edge as they can
leverage their and other companies’ resources to develop advanced solutions.
On the other hand, the established players are acquiring
businesses. This allow the players to expand their production capacity along
with distribution channel. This offers the players new exposure to the massive
customer base. Also the players are also investing research and development
which is allowing them bring new products to the market. With all these
activities the players can acquire a competitive edge over their rivals and
strengthen their grip over the global aerial work platform market.
The global aerial work platform market is segmented on
the basis:
- Product
- Scissor
Lift
- Boom
Lift
- Articulated
Boom Lifts
- Telescopic
Boom Lifts
- Others
- End-
user
- Construction
- Commercial
- Residential
- Industrial
& Manufacturing
- Maintenance
& Repairs
- Others
- Structure
- Standard
- Insulated
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