VALLEY COTTAGE, New York, Aug. 27, 2019 /PRNewswire/ --  Future Market Insights (FMI), in its latest research study, investigates the aerial work platform market and presents actionable insights on its progress footsteps for the evaluation timespan of 2019-2029. As per the research study, the global aerial work platform market revenues reached ~US$ 8.3 Bn in 2018, and are projected to grow steadily at a CAGR of ~4 % during the forecast period.

Consistent surge in maintenance practices of infrastructural assets, including airports, window washing and repairing, and an increasing number of construction projects in metropolitan economies in developing regions are setting huge demand for AWPs in the landscape, suggests the report. In addition, stringent safety and environmental regulations will continue to avoid upcoming worker casualties and check diesel emissions, which is likely to encourage innovation that can negotiate credit squeeze and reverse the environmental impact of 21^st century aerial work platforms.

Conventional methods of lifting equipment and maintaining industrial assets have been an affair of concern among the construction verticals of many countries. Realizing personnel welfare and resource preservation has motivated infrastructure and mining operators to turn to aerial work platforms. Key players are embracing self-propelled and energy-efficient technology to cater to the needs of end users. 

Download the sample copy of Report with table of contents and Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1797

Construction Workforce Shifting to Boom Lifts for Repair Works

FMI's report finds that boom lifts hold shares worth more than half of the global aerial work platform market value. Battery-driven boom lifts offer high flexibility, enabling movement around obstacles and access to compact areas, and the tiers of the boom lifts do not leave any mark. Electric boom lifts provide vertical elevation of more than 100 feet, and facilitate vertical and horizontal movements without disturbing the base and offer a 180-degree operation to reach areas behind the equipment. Furthermore, they are best fit for jobs that require excessive movement and can be coupled with other transporting vehicles, finding favor with the end users.

On the flip side, scissor lifts facilitate only unidirectional movement, i.e. upwards and the base requires constant adjustment accordingly. Some variants of scissor lifts, for instance, rough terrain scissor lifts, do not have non-marking tiers and offer a maximum of 60 feet elevation. Furthermore, scissor lifts are cost-intensive as they demand regular maintenance.

Preview Analysis of Aerial Work Platform Market is segmented by (Product Type - Scissor Lifts, Boom Lifts & Other Aerial Work Platforms (AWP's); End-use Industries - Rental Service Providers & End Use Industries;) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029: https://www.futuremarketinsights.com/reports/aerial-work-platforms-market

AWP Rental Service Providers Fetching More Customers Despite Steady Growth Trail

Both, the industrial end users and AWPs rental service providers are witnessing sluggish progress, with the latter slightly declining over the forecast timeframe, says FMI. Construction and commercial sectors hold substantial shares on account of rising building activities in developing and under-developed countries as well as manufacturing amusement sites for entertainment purposes.  Furthermore, the assets in construction and commercial verticals demand continuous and long-term maintenance, adding further to the expenses. 

Buy this report @ https://www.futuremarketinsights.com/checkout/1797

Customers from low and middle income countries (LMIC) are stumbling upon AWPs rental service provider companies for temporary purposes, owing to high initial investments and progressive maintenance costs of aerial work platforms, for instance, scissor lifts. These rental service providers facilitate users with tailored aerial work platforms sticking to the requirements of the job sites, such as articulated boom lifts, and rough terrain scissor lifts, among others.

This study tracks the growth of global aerial work platforms market over the course of 2019-2029. For more insights, write to the analyst at press@futuremarketinsights.com

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-1797

More from Industrial Automation & Equipment Market Insights:

• Contact and Convective Dryers Market Opportunity
• Industrial Power Monitoring System Market Analysis
• Plastic Extrusion Machine Market Analysis

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Industrial Automation & Equipment Market Insights

Contact Us

Mr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44(0)20-7692-8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
FMI Blog: http://www.fmiblog.com/
Website: https://www.futuremarketinsights.com

Logo: https://mma.prnewswire.com/media/947618/Future_Market_Insights_Logo.jpg   

SOURCE Future Market Insights