Aerial Work Platforms Market: Current Analysis and Forecast (2024-2032)

Aerial Work Platforms Market Size & Forecast

The aerial work platforms market was valued at USD 16.56 billion in 2023 and is expected to grow at a steady CAGR of around 8.87% during the forecast period (2024-2032). This growth is fueled by the rising demand for elevated access solutions across various industries such as construction, manufacturing, and maintenance, driven by the need for safer and more efficient work at heights. Additionally, the increasing focus on urban infrastructure development and the expansion of renewable energy projects are expected to further contribute to market growth.

Aerial Work Platforms Market Analysis

The Aerial Work Platforms Market is witnessing a steady growth rate within the forecast period. The market is growing due to the increasing demand for height-access equipment for construction, maintenance, and telecommunications. There has been the introduction of aerial work platforms to improve safety and efficiency in working at elevated heights and to meet strict regulatory safety standards. In addition, advanced technologies such as electric-powered AWPs and better battery systems, as well as hybrid options, will further boost the growth of the market as they satisfy industries' shift towards greener and less emission approaches. Increased market growth is seen through the larger adoption of AWPs by industrial sectors for maintenance, construction, and rental services. More demanding, light, portable, and affordable models are being demanded, especially in constrained urban spaces. Furthermore, with quick access to higher shelves required for order fulfillment and inventory management, aerial platforms have also become popular in e-commercial warehouses. For instance, in February 2025, JLG Industries, one of the leading manufacturers of aerial work platforms from the United States of America, launched the ES2646 electric drive scissor lift, designed to enhance fleet readiness. The machine is quiet and compact, so ideal for indoor and outdoor use in construction, maintenance, and warehousing. The lift provides further productivity with low maintenance and zero emissions, thus addressing sustainability obligations.

Aerial Work Platforms Market Trends

This section discusses the key market trends influencing the various segments of the Aerial Work Platforms market as identified by our research experts.

Shift Toward Eco-Friendly, High-Performance Aerial Work Platforms

In recent years, as industries began promoting greener alternatives, there has been an increasing demand for electric, hybrid, and low-emission aerial work platforms (AWP). Manufacturers are increasingly focusing on producing platforms that are low in carbon footprints but perform good and are durable. Diesel-powered machines converting to electric and hybrid machines are noticeable, especially in urban areas, where noise and emissions regulations are tightening. Electric AWP, in contrast, is advantageous in many ways, such as lower operational costs (because of less fuel consumption) and low maintenance requirements. With global policies embracing environmental concerns, AWPs meeting sustainability standards and performance are appealing to companies. For instance, in 2024, Zoomlion Heavy Industry Science & Technology Co., Ltd. released a series of groundbreaking aerial work platform (AWP) products, including the world’s tallest straight boom aerial work platform, the ZT82J, with a height of 82.3 meters. The ZT82J boasts a platform amplitude of 34.1 meters, a climbing capacity of 35%, and a maximum working load of 454 kilograms. Additionally, Zoomlion has introduced the ZT51JEH, an extended-range electric straight boom AWP that reaches a working height of 50.6 meters and supports a maximum load of 454 kilograms.

Aerial Work Platforms Industry Segmentation

This section provides an analysis of the key trends in each segment of the global Aerial Work Platforms market report, along with forecasts at the global, regional, and country levels for 2024-2032

The Scissor Lifts Market Dominates the Aerial Work Platforms Market

Based on product type, the aerial work platforms market is segmented into boom lifts, scissor lifts, aerial truss lifts, and others. In 2023, the scissor lifts segment was the largest in the market and would remain the same even in the forthcoming forecast period. The primary reasons driving this growth include the low cost and the versatility of scissor lifts, which open them up to a very wide range of industries, from construction to warehousing. Vertical lifting is usually done within tight quarters, for which scissor lifts are especially useful unless they compromise safety or stability. These machines have become famous because they provide cost-efficient solutions to reach challenging areas. Improved technology in electric and hybrid modes will make scissor lifts more attractive to environment-friendly companies, thus pushing the demand for such equipment up. The increase in automation and the introduction of telematics for fleet management also keep this segment growing as companies will keep working towards improving their operational efficiency and safety while reducing costs. Currently, with the economic evolution of technology, it seems likely that scissor lifts will be in the spotlight in the AWP market as a cost-efficient tool adaptable to various working environments.

The Scissor ICE (Internal Combustion Engine) Market Dominates the Aerial Work Platforms Market

Based on propulsion type, the aerial work platforms market is bifurcated into ICE and electric-powered. The ICE segment dominated the market in 2023 and is expected to retain its dominance throughout the forecast period. The major factors that have been driving the growth of this segment over time are the increased use of ICE-powered aerial work platforms in the heavy-duty application industries, primarily construction, oil & gas, and utility companies. Such AWPs powered by ICE are in greater preference where mobility is required and ruggedness is essential in the working site environment, especially for remote or off-road job sites, where electric-powered units may not perform as effectively. Conversely, the electric-powered segment has been growing at a faster pace because of the increasing focus on sustainability and environmental regulation. Electric aerial work platforms are proliferating into internal activities, such as warehouse work, given the quieter operation and zero-emission features. The development of batteries is also facilitating the increased operating duration and shorter charging times for electric-powered AWPs, making them more important to the business world that wants to reduce carbon footprints. For example, in 2023, several leading AWP manufacturers, including Genie and JLG, launched new models with improved electric drive systems targeting industries focused on sustainability, such as green building construction and clean energy projects.

North America Dominated the Aerial Work Platforms Market

The North American aerial work platforms market is expected to dominate in the forecast period. The fast-increasing investment in the construction of various commercial and residential complexes is attributed to the growth of the market. Besides, the IT and telecom sectors in the U.S. & Canada are anticipated to enhance the applications of AWPs for setting up telephone towers as well as servicing and repair operations at great heights. Therefore, the logistics and supply chain industry's growth led to the development of distribution centers, warehouses, and retail locations, thus increasing the demand for AWPs. Moreover, rapid growth is anticipated in the U.S. market over the forecasted period, primarily caused by the rapid investments in the logistics market, as well as the rapid infrastructural development of clean energy systems. The U.S. is also one of the mature markets where installed solar panels and windmills for power generation are under various sustainable energy initiatives by the U.S. government. Installation and fittings, as well as maintenance of such structures, require the lifting of workers at great height, where the advanced working platforms prove to be of great use.

The U.S. Dominates the North American Aerial Work Platforms Market

The U.S. aerial work platforms market demonstrates steady growth because of rising construction sector needs, together with maintenance industry requirements, and increased warehousing operations. The U.S. aerial work platforms market continues expanding because of growing infrastructure projects, along with intensified workplace regulations and mounting requirements for effective material handling systems. The market receives additional operational efficiency and safety enhancements from technological developments featuring electrification, together with telematics integration and autonomous aerial lifts. The market's key companies are dedicated to product development, along with rental fleet growth and sustainable solutions to fulfill changing industry needs. The U.S. aerial work platforms market will advance strongly through future years due to its dedication to sustainability and worker safety standards.

Aerial Work Platforms Industry Overview

• The aerial work platforms market is competitive and concentrated, with few global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some major players operating in the market are AICHI CORPORATION, Advance Lifts, Inc., Terex Corporation, Altec Industries, Bronto Skylift (MORITA HOLDINGS CORPORATION), DINOLIFT OY, EdmoLift AB, Haulotte Group, Tadano Ltd., and JLG Industries (Oshkosh Corporation).

Recent Developments in the Aerial Work Platforms Market

• In February 2023, MEC Aerial Work Platforms is proud to launch its latest innovation in scissor lifts, meant to show that less can mean more. Based on the global success of our Micro Scissor line-up, MEC engineers developed an all-electric first-scissor-the NANO10-XD. The new environmentally friendly scissor lift has ultra-compact dimensions and poses no potential risk of oil leakage for environmentally delicate applications, since there is zero hydraulic oil used in the lift, steering, and driving. The NANO10-XD is designed to provide extended battery duty cycle standard lithium-ion batteries while requiring less charging time and providing more uptime without compromising performance.

• In February 2024, Manitou Group launched a new range of scissor lifts, called the Manitou Easy Lift. These product lines are meant to be productivity-enabling scissor lifts for the aerial work platform markets. The latest scissor lifts have better lifting capacity, stability, and maneuverability both indoors and outdoors. These scissor lifts maximize energy efficiency with both electric and hybrid power options-as part of sustainability goals.

• In May 2023, JCB launched the two flexible-boom aerial work platforms, the A45E and A45EH. These machines come with diesel/electric hybrid and battery-electric drivelines. The models enhance customer performance in operating efficiencies, access for operators, and monitoring.

• In November 2024, Genie goes with a completely modern outlook and design on its core slab scissor lift product line, which was launched in 2024, enhancing its performance and reducing its owning cost even further. The next-gen Genie scissor lifts comprise the GSTM-1932, GS-2632, GS-3232, GS-2646, GS-3246, and GS-4046 scissor lifts. These next-generation scissor lifts by Genie will set the new slab scissor lift standard, and this traditional MEWP product category will move into the future.

Aerial Work Platforms Market Report Coverage

Reasons to Buy Aerial Work Platforms Market Report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

• The report presents a quick review of overall industry performance at a glance.

• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

• The study comprehensively covers the market across different segments.

• Deep dive regional-level analysis of the industry.

Customization Options:

The global aerial work platforms market can further be customized as per the requirements or any other market segment. Besides this, UMI understands that you may have your own business needs; hence, feel free to contact us to get a report that completely suits your requirements.