AWP stands for aerial work platform. The AWP truck market is expected to expand due to demand from the telecommunications sector. Increasing maintenance and repair activities in developed regions like North America and Europe are also projected to boost the market.
For Market Research Report on “AWP Truck Market” Visit -http://www.radiantinsights.com/research/aerial-work-platform-truck-market
Rising governmental investments in construction and quick infrastructural developments would raise market sales over the next few years. The market is also growing due to demand for material handling equipment in manufacturing industries and units. Rising concerns with regard to safety of workers also propels the market. The AWP truck market is segmented into products, end-users, and regions.
The products chiefly include vertical mast lifts, personnel portable lifts, scissor lifts, and boom lifts. Boom lifts are expected to show huge growth in the near future. They would occupy majority of the market. This will be attributed to their usage in complex architectural settings and confined places.
Moreover, boom lifts offer numerous benefits. These include compact designs, tight turning radius, more platform height, standard oscillating axle, and mobility. Growing demand for the installation and maintenance of applications will steer the growth of scissor lifts. Moreover, operational advantages provided by scissor lifts would also drive their demand.
The end-users of the AWP truck market comprise government, construction, telecommunications, and transport & logistics. Construction is estimated to grow due to private and governmental investments in real-estate. It will hold a major market share. Augmented concerns regarding safety of workers would also raise market sales in this segment.
Telecommunications is estimated to display high growth. This will be attributed to demand for suitable infrastructure in upcoming regions like China, India, and Brazil. The transport and logistics segment will observe considerable expansion due to demand from manufacturing industries. The government segment will be driven by infrastructural investments.
The Asian Pacific AWP truck market is estimated to display huge growth in the coming years. Europe and North America will also notice growth due to up-gradations and renewal behavior. Latin America may also experience rising demand. This could be attributed to altering regulatory conditions and governmental infrastructural spendings in the region.
Major players in the AWP truck market include Time Benelux, Aichi Corporation, Terex, Bronto Skylift, Tadano, Ruthmann, Teupen Runshare, and Altec Inc.
Information Source: Radiants Insights