South & Central America Aerial Work Platform Market Forecast to 2030
South & Central America Aerial Work Platform Market Forecast to 2030 – Regional Analysis – by Type (Scissor Lifts, Boom Lifts, Telehandlers, Vertical Mast Lifts, and Others) and End user (Construction, Utility, Mining, Transport & Logistics, and Others)
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Description
Increasing Trend of Renting Equipment Fuels South & Central America Aerial Work Platform Market
The increasing trend of renting equipment rather than outright ownership aligns with the evolving needs and preferences of businesses across industries. Renting AWPs provides businesses with a cost-efficient alternative to purchasing, particularly for those with intermittent or project-specific needs. This approach allows companies to allocate capital to other critical areas while still gaining access to advanced and specialized AWP models. Renting allows businesses to access the latest and most advanced AWP models without the upfront capital investment. This is particularly advantageous in industries where technological innovation and efficiency are crucial for staying competitive. Many businesses have short-term or project-specific requirements for elevated work platforms. Renting AWPs caters to these needs effectively, allowing companies to secure the equipment for the duration of the project without the burden of long-term ownership commitments. The rising demand for rental services contributes to the growth of the broader rental industry. Thus, the increasing trend of renting equipment is anticipated to create numerous opportunities for the aerial work platforms market during the forecast period.
South & Central America Aerial Work Platform Market Overview
The South & Central America aerial work platforms market is segmented into Brazil, Chile, Argentina, Peru, and Colombia. Many regional companies are shifting toward digital transformation margin and adopting automated machines and tools to enhance their operations. Automated machines are being implemented in the private and public sectors as one of the ways to stay competitive in the market. Peru continues to be one of the fastest-growing countries in South America, with constant governmental investments across the mining and private consumption sectors, which support economic growth. A steady recovery growth in the construction industry developments and increasing support from mining services enhance the demand for aerial work platforms.
In addition, governments of other emerging economies in the region are taking several initiatives to support the growth of industrial infrastructure. For instance, Argentina is concentrating on attracting FDI by easing import restrictions, signing international bilateral agreements, imposing zero restrictions on foreign investment, and other such initiatives. All these initiatives are expected to help develop new aerial work platforms in South America.
In Brazil, the demand for aerial work platforms (AWPs) is influenced by several key industries. The construction sector is a significant driver, utilizing AWPs for building maintenance, installation, and inspection at elevated heights. Infrastructure development projects further contribute to this demand. In the energy industry, AWPs are vital in maintaining power lines and conducting repairs on utility structures.
Manufacturing facilities in Brazil deploy these platforms for efficient assembly processes and equipment maintenance, which is expected to fuel the market growth in the coming years. Moreover, the rise in demand for aerial work platforms from agriculture applications such as crop monitoring and harvesting in challenging terrains is expected to boost the market expansion from 2022 to 2030. The versatility and mobility of AWPs make them valuable in addressing the diverse needs of industries in Brazil. As safety regulations become more stringent, the adoption of aerial work platforms is likely to increase across various sectors, further driving the product demand in the country.
South & Central America Aerial Work Platform Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Aerial Work Platform Market Segmentation
The South & Central America aerial work platform market is categorized into type, end user, and country.
Based on type, the South & Central America aerial work platform market is segmented into scissor lifts, boom lifts, telehandlers, vertical mast lifts, and others. The scissor lifts segment held the largest South & Central America aerial work platform market share in 2022.
In terms of end user, the South & Central America aerial work platform market is segmented into construction, utility, mining, transport & logistics, and others. The construction segment held the largest South & Central America aerial work platform market share in 2022.
By country, the South & Central America aerial work platform market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America aerial work platform market share in 2022.
Terex Corp, Tadano Ltd, Sany Palfinger SPV Equipment Co Ltd, JLG Industries Inc, and Xuzhou Construction Machinery Group Co Ltd. are some of the leading companies operating in the South & Central America aerial work platform market.
Summary Info
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According to the Research Team’ research, the South & Central America aerial work platform market was valued at US$ 737.56 million in 2022 and is expected to reach US$ 1,421.51 million by 2030, registering a CAGR of 8.5% from 2022 to 2030. Growth in construction activities and infrastructure projects and growing demand for electric and hybrid-powered aerial work platforms are among the critical factors attributed to drive the South & Central America aerial work platform market growth.
Businesses worldwide are placing a heightened emphasis on sustainability and environmental responsibility as a core component of their corporate social responsibility initiatives. The adoption of electric and hybrid-powered AWPs aligns with these sustainability goals, allowing companies to reduce carbon footprint and contribute to environmental preservation. As sustainability becomes a key differentiator, companies that prioritize eco-friendly offerings are likely to gain a competitive edge, attracting environmentally conscious customers. Aerial work platform manufacturers focusing on developing electric and hybrid solutions enhance their competitiveness in the market. Thus, aerial work platforms market as industries increasingly prioritizes sustainability and environmental impact, the adoption of cleaner technologies is poised to become a standard practice, which is expected to propel the market toward a greener and more eco-conscious future.
On the contrary, load capacity limitations hamper the growth of South & Central America aerial work platform market.
Based on type, the South & Central America aerial work platform market is segmented into scissor lifts, boom lifts, telehandlers, vertical mast lifts, and others. The scissor lifts segment held 51.5% market share in 2022, amassing US$ 379.74 million. It is projected to garner US$ 654.05 million by 2030 to register 7.0% CAGR during 2022-2030.
In terms of end user, the South & Central America aerial work platform market is segmented into construction, utility, mining, transport & logistics, and others. The construction segment held 60.6% share of South & Central America aerial work platform market in 2022, amassing US$ 447.21 million. It is anticipated to garner US$ 812.90 million by 2030 to expand at 7.8% CAGR during 2022-2030.
Based on country, the South & Central America aerial work platform market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 65.7% share of South & Central America aerial work platform market in 2022. It was assessed at US$ 484.43 million in 2022 and is likely to hit US$ 959.02 million by 2030, registering a CAGR of 8.9% during 2022-2030.
Key players operating in the South & Central America aerial work platform market Terex Corp, Tadano Ltd, Sany Palfinger SPV 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 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 South & Central America 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 South & Central America market trends and outlook coupled with the factors driving the South & Central America 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.
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. South & Central America 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. South & Central America 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 -South & Central America Analysis
6.1 Aerial Work Platforms Market Revenue (US$ Million), 2020-2030
6.2 Aerial Work Platforms Market Forecast Analysis
7. South & Central America 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. South & Central America 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. South & Central America Aerial Work Platforms Market -Country Analysis
9.1 South & Central America: Aerial Work Platforms Market – Revenue and Forecast Analysis – by Country
9.1.1 South & Central America: Aerial Work Platforms Market – Revenue and Forecast Analysis – by Country
9.1.2 Brazil: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9.1.2.1 Brazil: Aerial Work Platforms Market Breakdown, by Type
9.1.2.2 Brazil: Aerial Work Platforms Market Breakdown, by End user
9.1.3 Argentina: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9.1.3.1 Argentina: Aerial Work Platforms Market Breakdown, by Type
9.1.3.2 Argentina: Aerial Work Platforms Market Breakdown, by End user
9.1.4 Rest of South & Central America: Aerial Work Platforms Market – Revenue and Forecast to 2030 (US$ Million)
9.1.4.1 Rest of South & Central America: Aerial Work Platforms Market Breakdown, by Type
9.1.4.2 Rest of South & Central America: 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 Terex Corp
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 Tadano Ltd
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 Sany Palfinger SPV Equipment Co., 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 JLG Industries Inc
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 Xuzhou Construction Machinery Group 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
13. Appendix
13.1 About The the Reporting Teams
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. South & Central America: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 6. Brazil: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 7. Brazil: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million) – by End user
Table 8. Argentina: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 9. Argentina: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million) – by End user
Table 10. Rest of South & Central America: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 11. Rest of South & Central America: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million) – by End user
Table 12. Heat Map Analysis by Key Players
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. South & Central America: Aerial Work Platforms Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 20. Brazil: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. Argentina: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. Rest of South & Central America: Aerial Work Platforms Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Company Positioning & Concentration
The List of Companies – South & Central America Aerial Work Platform Market
1. Terex Corp
2. Tadano Ltd
3. Sany Palfinger SPV Equipment Co., Ltd
4. JLG Industries, Inc
5. Xuzhou Construction Machinery Group Co., Ltd
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