Truck-mounted Aerial Work Platform (AWP) Market Outlook 2021

(I-TravelNewswire.Com, July 27, 2018 ) An aerial work platform (AWP) is also commonly known as a man lift or lift. AWP refers to any machine that is used by people or equipment as access in hard-to-reach areas, which are too high to reach safely using other methods. There are several kinds of AWP like cherry pickers, scissor lifts, articulating lifts, and boom lifts.
A truck-mounted or vehicle-mounted aerial work platform is a type of AWP, which is mounted on a vehicle for easy transport. These AWPs are generally referred to as cherry-pickers, or mobile elevating work platforms (MEWPs). This configuration offers added support and stability on the work platform. These machines are equipped with outriggers to provide more stability during operations. They are used mostly in the utility industry.

Publisher's analysts forecast the global truck mounted aerial work platform (AWP)market to grow at a CAGR of 6.04% during the period 2017-2021.

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Research analysis on the global truck-mounted aerial work platform (AWP) market identifies the increasing use of rental equipment as one of the primary factors that will fuel market’s growth. With the increasing cost, there is a rising preference towards renting equipment. The AWP equipment industry is capital-intensive and there is a need for huge funds for the acquisition and maintenance and operating equipment. Since building projects and maintenance activities require truck-mounted AWPs for a temporary period of time, end-users usually prefer renting the equipment than purchasing.

Key vendors
-CTE
-MORITA HOLDINGS CORPORATION
-Versa Lift
-PALFINGER
-Terex

Other prominent vendors
-Aichi
-Altec Industries
-Cela
-CMC
-Elliott Equipment Company
-FRANCE ELÉVATEUR
-GSR
-HIDROKON

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Truck-mounted Aerial Work Platform Market driver
-Growing popularity of rentals

Truck-mounted Aerial Work Platform Market challenge
-Challenges in adopting new safety standards

Truck-mounted Aerial Work Platform Market trend
-Demand for compact truck-mounted AWPs

Fundamentals of Table of Content:

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles

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