U.S. is one of the leading markets for Aerial Work Platform (AWP) Market sales: FMI

Increasing the number of urban and rural infrastructure projects to meet the needs of the increasing population around the world is generating endless growth avenues for the aerial work platforms market.According to Future Market Insights (FMI), the aerial work platform market is expected to surpass US$ 7.09 Bn by 2021. The demand for aerial work platforms is increasingly growing in the general infrastructure and manufacturing sectors. It has become popular between small & giant construction firms and maintenance agents. 

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In addition, massive government spending on infrastructure projects such as highways, rail, water conservation, and power generation is likely to create lucrative business opportunities over the next few years. However, low availability of qualified machine operators and massive costs incurred during the procurement of equipment are some of the factors that might impede the growth.

Moreover, the rapid development for equipment from myriad industries has pushed manufacturers to sell technically fitted instruments such as electrification and hybridization technology, thus further widening the potential of development over the near future for the market for aerial work platforms. Scissor lifts are likely to remain highly preferred, accounting for over half of aerial work platform sold through 2031.

Key Takeaways of Aerial Work Platforms Market Study

Between 2021 and 2031, the aerial work platform market will expand at a CAGR of 12.0%

The U.S. will emerge as a highly lucrative pocket, accounting for over 90% of North America market in 2021, in terms of value

The U.K. will exhibit steady growth post slowdown in 2020. FMI projects it to record above 1.5% Y-o-Y growth in 2021

Rising construction spending will continue supporting demand from Germany and France

Investment in infrastructural development will boost growth in Japan, South Korea, and China

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“While investment towards technological improvements remains a key focus, key market players are expected to mostly rely on rental businesses to expand their footprint. Besides this, some of the companies are incorporating sensors in aerial work platforms to help them detect potential obstruction averting risk of accidents on site,” said a lead analyst at FMI

Aerial Work Platforms Market by Category

Product Type

Boom Lifts
Scissor Lifts
Truck/Crawler Mounted Lifts
Push Around Aerial Work Platforms
Spider Lifts

Platform Working Height

Below 10 Meters
10 to 20 Meters
20 to 30 Meters
Above 30 Meters


Gas/ Diesel

End User

Transportation and Logistics
Aerospace and Defence
Others (Utility, Government etc.)
Rental Providers


North America
Latin America
East Asia
South Asia & Pacific
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.


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