Growth In Global Aerial Equipment Market To Reach 7.72% CAGR

The new report by Zion Market Research on the “Aerial Equipment Market By Product (Atrium / Spider Lifts, Boom Lifts, Cranes, and Scissor Lifts); By Technology (Unpowered, Self-propelled, and Vehicle-mounted); By Ownership (Rental and End-Use Industry); By End-User (Fire Brigade, Industrial, Power Plant, Construction, Ship & Offshore, and Scissor Lifts (Glass Cleaning, and Maintenance)) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2022"has a vast information about the market and its potential.

The global Aerial Equipment market size was valued USD 18.74 billion in 2023 and is expected to rise to USD 36.6 billion by 2032 at a CAGR of 7.72%.

The augmenting construction market across the world has boosted the construction equipment industry revenue thus contributing to the growth of the aerial equipment market. Growth in the construction industry, stringent labor laws and government regulations, and strict adherence to human safety concerns are some of the other factors driving the growth of the global aerial equipment market.

Browse the full "Aerial Equipment Market, By Product (Atrium / Spider Lifts, Boom Lifts, Cranes, and Scissor Lifts); By Technology (Unpowered, Self-propelled, and Vehicle-mounted); By Ownership (Rental and End-Use Industry); By End-User (Fire Brigade, Industrial, Power Plant, Construction, Ship & Offshore, and Scissor Lifts (Glass Cleaning, and Maintenance)) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024 – 2032" report at https://www.zionmarketresearch.com/report/aerial-equipment-market

The research analysts in their primary research observed that the rapid growth of the construction equipment rental market over the forecast period is expected to open potential opportunities for the aerial equipment manufacturers in the global market. The global aerial equipment markets segmented on the basis of the product, technology, ownership, end-user, and the geographical regions.

Scissors lifts are used commonly in the aerial working platforms contributing a major share in the market. The demand for the maintenance and installation applications has increased at a rapid rate thus fueling the demand for the scissor lifts over the coming years. In addition, the operational benefits that are offered by the scissor lifts such as manoeuvring capability in tight spaces drive the product demand.

The vehicle-mounted lift dominated the type segment in terms of revenue owing to the technological advancements and the new product innovations. In terms of volume, vehicle-mounted lifts held around 50% market share in 2016.

The rapid growth of construction equipment rental market over the forecast period is expected to create potential opportunities for the aerial equipment manufacturers in the global market. The demand for rental equipment is growing in the construction industry across the globe owing to lack of investment.

The construction sector expects to account for the majority of the market share and is anticipated to grow at a CAGR of over 9% owing to the increasing government and private investment in the real-estate sector and infrastructure development. Growing concerns regarding the worker's safety also anticipate fueling the product demand in this sector.

Browse the full “Aerial Equipment Market By Product Type (Atrium / Spider Lifts, Boom Lifts, Cranes, Scissor Lifts), By Technology (Unpowered, Self-propelled, Vehicle-mounted), By Ownership (Rental, End-User Industry), By End-User (Fire Brigade, Construction, Industrial, Power Plant, Ship & Offshore, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/aerial-equipment-market

The major market players in the aerial equipment market are Altec Industries, Aerial Access Equipment, Elliott Equipment Company, Grove, Haulotte, JLG, Linamar, MEC Aerial Work Platforms, Manitex International among Scissor Lifts.

By Product:

• Atrium / Spider Lifts
• Boom Lifts
• Cranes
• Scissor Lifts

By Technology:

• Unpowered 
• Self-propelled 
• Vehicle-mounted

By Ownership:

• Rental
• End-Use Industry

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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