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Powered by the surging emphasis laid on enhancing urban transportation systems and subsequently rising government focus on the construction as well as maintenance of metro rails, the aerial work platform (AWP) industry will witness significant expansion in the years to come. Of late, substantial proceeds in building construction have steered the need for replacing traditional equipment, like scaffolding, and gantry with ideal substitutes for superior safety guarantee and work efficiency.
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Aerial Work Platform Market 2022: Growth Strategies, Opportunity, Rising Trends and Revenue Analysis
Industry Insights • As per a recent research report, the Aerial Work Platform Market could exceed USD 15 Bn by 2028. • Powered by the surging emphasis laid on enhancing urban transportation systems and subsequently rising government focus on the construction as well as maintenance of metro rails, the aerial work platform (AWP) industry will witness significant expansion in the years to come. Of late, substantial proceeds in building construction have steered the need for replacing traditional equipment, like scaffolding, and gantry with ideal substitutes for superior safety guarantee and work efficiency. • These days, the application of aerial work platforms is not only confined to a specific industry or job but rather spans a multitude of end-user verticals. While manufacturing companies deploy aerial lifts for reaching overhead components and large pieces of equipment, rescue crews make use of these systems to reach buildings. In fact, most construction companies identify them as prominent pieces of equipment owing to their assistance to contractors in numerous indoor and outdoor applications.
The growth of the AWP industry can also be attributed to the mounting strategic developments, including capacity expansions, innovations and partnerships for increased geographical presence and revenue sales. For instance, in December 2020, Zoomlion Aerial Work Machinery Company expanded overseas in the European market with the supply of aerial work platforms, like straight boom, articulating boom and scissor systems. • Owing to their rising utility in helping operators easily maneuver around the tight indoor and outdoor worksites through firm and level surfaces considering their exceptional mobility, the demand for scissor lifts will rise at a significant pace. One of the attributes driving the AWP platform industry growth through scissor lifts is their improved cost of ownership and productivity. • These systems are equipped with efficient and all-electric AC drive systems for getting to the indoor and outdoor job sites in a lightweight, compact, and versatile package. Their growing usage for temporary operations, like construction and maintenance work as well as for emergency access will favor the industry dynamics in the long run.
Regional Analysis • Vertical mast lifts have emerged as a great choice in construction and maintenance jobs when it comes to easily access confined spaces, like doorways, high traffic urban areas, auditoriums, stairways, and alleyways. They are expected to tremendously contribute to the AWP market on account of their thriving penetration in stock-picking, warehousing, inventory management & general maintenance, and transporting, as they can fit through doorways and passenger elevators. • Competitive Analysis • Hunan Sinoboom Heavy Industry Co.Ltd. • Hunan Runshare Heavy Industry Company Ltd. • Aichi Corporation • Haulotte Group • Zoomlion Heavy Industry Science and Technology Co.Ltd. • Manitou Group
Aerial Work Platform (AWP) Market@ https://www.gminsights.com/industry-analysis/aerial-work-platform-awp-truck-market-report Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/689 Request for customization: https://www.gminsights.com/roc/689
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