Asia Pacific Aerial Work Platform Market Forecast to 2030

At 8.6% CAGR, Asia Pacific Aerial Work Platform Market is Speculated to be Worth US$ 7,434.71 Million by 2030, says the Research Team

According to the Research Team’ research, the Asia Pacific aerial work platform market was valued at US$ 3,830.75 million in 2022 and is expected to reach US$ 7,434.71 million by 2030, registering a CAGR of 8.6% from 2022 to 2030. Rise in ongoing maintenance requirements and growing demand for electric and hybrid-powered aerial work platforms are among the critical factors attributed to drive the Asia Pacific aerial work platform market growth.

As the global landscape of infrastructure continues to expand, there is an increasing need for efficient and safe solutions to address maintenance needs at elevated heights. Scissor lifts, boom lifts, vertical mast lifts, and other types of aerial work platforms emerge as indispensable assets in meeting the demands of routine maintenance tasks.

In the business ecosystem, maintenance is not merely a reactive process but an essential part of strategic asset management. Buildings, utilities, and industrial facilities require periodic inspections, repairs, and upgrades to ensure optimal functionality, compliance with safety regulations, and the extension of their operational lifespan. Aerial work platforms provide a critical means to access elevated work areas, facilitating maintenance crews in executing tasks ranging from structural repairs and painting to electrical system inspections. Additionally, renovation and retrofitting involve making upgrades, modifications, and improvements to existing buildings and structures. The maintenance of buildings, in particular, involves addressing structural issues, facade maintenance, and painting, tasks that necessitate safe and efficient access to various heights. Scissor lifts, with their vertical lifting capability, prove invaluable in such scenarios, allowing maintenance personnel to reach elevated work areas with stability and precision.

Utilities, encompassing power lines, communication infrastructure, and pipelines, require regular inspections and repairs. Aerial work platforms, equipped with advanced features such as telescopic arms and articulating booms, enable maintenance crews to navigate complex terrain and access utility structures at varying heights. AWP enhances the efficiency of maintenance operations and contributes to minimizing downtime in critical utility services. In industrial facilities, where machinery and equipment are often installed at elevated levels, aerial work platforms become indispensable for routine maintenance, troubleshooting, and equipment upgrades. The ability of boom lifts to provide both vertical and horizontal reach is particularly advantageous in these settings, allowing maintenance teams to access machinery located at different positions within the facility. Thus, the ongoing maintenance requirements for buildings, utilities, and industrial facilities fuel the market growth for aerial work platforms (AWPs).

On the contrary, load capacity limitations hamper the growth of Asia Pacific aerial work platform market.

Based on type, the Asia Pacific aerial work platform market is segmented into scissor lifts, boom lifts, telehandlers, vertical mast lifts, and others. The scissor lifts segment held 54.5% market share in 2022, amassing US$ 2,088.69 million. It is projected to garner US$ 3,652.30 million by 2030 to register 7.2% CAGR during 2022-2030.

In terms of end user, the Asia Pacific aerial work platform market is segmented into construction, utility, mining, transport & logistics, and others. The construction segment held 60.3% share of Asia Pacific aerial work platform market in 2022, amassing US$ 2,309.22 million. It is anticipated to garner US$ 4,211.15 million by 2030 to expand at 7.8% CAGR during 2022-2030.

Based on country, the Asia Pacific aerial work platform market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 33.6% share of Asia Pacific aerial work platform market in 2022. It was assessed at US$ 1,286.75 million in 2022 and is likely to hit US$ 2,571.67 million by 2030, registering a CAGR of 9.0% during 2022-2030.

Key players operating in the Asia Pacific aerial work platform market IMER International SpA, Terex Corp, Tadano Ltd, Sany Palfinger SPV Equipment Co Ltd, Jinan Nostec Equipment Co Ltd, JLG Industries Inc, and Xuzhou Construction Machinery Group Co Ltd, among others.

In June 2023, JLG unveiled the X660SJ compact crawler boom lift. The X660SJ boasts a platform height of 65 feet, 7 inches, a 500-pound capacity for up to two people, a 39-foot horizontal reach, and the ability to be used both indoors and outdoors.

In January 2022, JLG Industries Inc partnered with RE2 Robotics, a developer of intelligent robotic mobile manipulation systems. The partnership aims to develop the integration of robotics and access equipment to increase operator safety and productivity on job sites.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific aerial work platforms market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific aerial work platforms market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific aerial work platforms market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Aerial Work Platforms Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material/Equipment Supplier
4.3.2 Manufacturer
4.3.3 End-User
5. Asia Pacific Aerial Work Platforms Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth in Construction Activities and Infrastructure Projects
5.1.2 Rise in Ongoing Maintenance Requirements
5.1.3 Focus on Workplace Safety
5.2 Market Restraints
5.2.1 High Initial Costs
5.2.2 Load Capacity Limitations
5.3 Market Opportunities
5.3.1 Increasing Trend of Renting Equipment
5.3.2 Customization and Specialized Applications
5.4 Future Trends
5.4.1 Growing Demand for Electric and Hybrid-powered Aerial Work Platforms
5.5 Impact of Drivers and Restraints:
6. Aerial Work Platforms Market -Asia Pacific Market Analysis
6.1 Aerial Work Platforms Market Revenue (US$ Million), 2020-2030
6.2 Aerial Work Platforms Market Forecast Analysis
7. Asia Pacific Aerial Work Platforms Market Analysis – by Type
7.1 Scissor Lifts
7.1.1 Overview
7.1.2 Scissor Lifts: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Boom Lifts
7.2.1 Overview
7.2.2 Boom Lifts: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Telehandlers
7.3.1 Overview
7.3.2 Telehandlers: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Vertical Mast Lifts
7.4.1 Overview
7.4.2 Vertical Mast Lifts: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Aerial Work Platforms Market Analysis – by End user
8.1 Construction
8.1.1 Overview
8.1.2 Construction: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Utility
8.2.1 Overview
8.2.2 Utility: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Mining
8.3.1 Overview
8.3.2 Mining: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Transport & Logistics
8.4.1 Overview
8.4.2 Transport & Logistics: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Aerial Work Platforms Market -Country Analysis
9.1 Asia Pacific Market Overview
9.1.1 Asia Pacific: Aerial Work Platforms Market – Revenue and Forecast Analysis – by Country
9.1.1.1 Asia Pacific: Aerial Work Platforms Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Australia: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Australia: Aerial Work Platforms Market Breakdown, by Type
9.1.1.2.2 Australia: Aerial Work Platforms Market Breakdown, by End-user
9.1.1.3 China: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 China: Aerial Work Platforms Market Breakdown, by Type
9.1.1.3.2 China: Aerial Work Platforms Market Breakdown, by End-user
9.1.1.4 India: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 India: Aerial Work Platforms Market Breakdown, by Type
9.1.1.4.2 India: Aerial Work Platforms Market Breakdown, by End-user
9.1.1.5 Japan: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 Japan: Aerial Work Platforms Market Breakdown, by Type
9.1.1.5.2 Japan: Aerial Work Platforms Market Breakdown, by End-user
9.1.1.6 South Korea: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 South Korea: Aerial Work Platforms Market Breakdown, by Type
9.1.1.6.2 South Korea: Aerial Work Platforms Market Breakdown, by End-user
9.1.1.7 Rest of Asia Pacific: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.7.1 Rest of Asia Pacific: Aerial Work Platforms Market Breakdown, by Type
9.1.1.7.2 Rest of Asia Pacific: Aerial Work Platforms Market Breakdown, by End-user
10. Industry Landscape
10.1 Overview
10.2 Market Initiative and Product Development
10.3 Merger and Acquisition
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Company Profiles
12.1 IMER International SpA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Terex Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Tadano Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sany Palfinger SPV Equipment Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Jinan Nostec Equipment Co., Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 JLG Industries, Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Xuzhou Construction Machinery Group Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams

LIST OF TABLES

Table 1. Aerial Work Platforms Market Segmentation
Table 2. Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 4. Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 5. Asia Pacific: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 6. Australia: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 7. Australia: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 8. China: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 9. China: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 10. India: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 11. India: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 12. Japan: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 13. Japan: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 14. South Korea: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 15. South Korea: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 16. Rest of Asia Pacific: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 17. Rest of Asia Pacific: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million) – by End-user
Table 18. Heat Map Analysis by Key Players

LIST OF FIGURES

Figure 1. Aerial Work Platforms Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Aerial Work Platforms Market
Figure 4. Aerial Work Platforms Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Aerial Work Platforms Market Revenue (US$ Million), 2020-2030
Figure 7. Aerial Work Platforms Market Share (%) – by Type (2022 and 2030)
Figure 8. Scissor Lifts: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Boom Lifts: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Telehandlers: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Vertical Mast Lifts: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Aerial Work Platforms Market Share (%) – by End-user (2022 and 2030)
Figure 14. Construction: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Utility: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Mining: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Transport & Logistics: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Others: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Asia Pacific Aerial Work Platforms Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. Asia Pacific: Aerial Work Platforms Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. Australia: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. China: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. India: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Japan: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. South Korea: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Rest of Asia Pacific: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Company Positioning & Concentration