The Aerial Work Platform Manufacturing industry has had a disappointing performance over the past five years. Industry demand is primarily driven by construction activity because aerial work platforms are used by nearly all construction industries. Demand for industry products was expected to rise as new building and home construction activity recovered after 2012. However, industry growth has not followed suit, with increased construction activity not translating to increased downstream demand from the construction sector. Over the five years to 2022, the value of both construction and aggregate private investment are anticipated to continue rising, which will result in stronger demand for the industry's products.
This industry manufactures aerial work platforms, including boom lifts, scissor lifts, vertical mast lifts and personal portable lifts. Aerial work platforms may be stationary, towed or mounted on trucks.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.