Rental companies continue to play a pivotal role in guiding growth direction of the aerial work platforms market. Aerial work platforms (AWPs) are sought-after by end-use industries that in constant requirement of maintenance, inspection and relevant activities. Rising infrastructural activities have further driven demand for aerial work platforms. These insights are according to the report, titled “Aerial Work Platforms Market: Global Industry Analysis and Opportunity Assessment 2016 – 2026,” incorporated recently into the exhaustive repository of XploreMR.
Enhancements in safety standards will also drive growth of the aerial work platforms market, with several standards developed by OSHA and other relevant associations that encourage the use of AWPs. This has further resulted into the advent of efficient and safe operations of aerial work platforms, thereby favoring growth of the market. Increasing awareness, pricing, safety concerns, and understanding are poised to remain prominent growth hindrances of the aerial work platforms market worldwide. High cost of aerial work platforms remains one of the major hurdles inhibiting demand and development of aerial work platforms.
Developing economies encompass a major portion of the aerial work platforms market, in light of robust infrastructural advancement activities being carried out by governments in these regions. Boom lifts will continue to remain top-selling AWP during the period of forecast, whereas hybrid scissor lifts will gain significant traction on account of its greater performance efficiency and flexibility.
Aerial Work Platforms: Report Synopsis
This analytical research study provides an outlook of the aerial work platforms market for the forecast period 2016 to 2026. Provision of up-to-date information on lucrative growth avenues for the aerial work platforms market is a top priority of this report. Value-based analysis on the aerial work platforms market has been delivered in the report in terms of “US$ Mn.”
For offering accurate insights on the aerial work platforms market, and make the readers understand the overall market condition, the report has been categorized into three key segments, namely, end-use industries, product type, and region. Impact analysis of key dynamics, and recent trends on these segments, and relevant market numbers have been provided in the report, for offering clients with transparent decision making insights.
Aerial Work Platforms Market: Research Methodology
The report is developed on the basis of a robust research methodology, which comprises tested & proven primary and secondary researches. Secondary research involves data collection from various resources that include company annual reports and press releases, water softening systems, white papers, and relevant publications. Apart from these, leading industry magazines and paid data subscriptions have been used for obtaining comprehensive information and accurate insights on the aerial work platforms market.
Primary research includes detailed telephonic or face-to-face interviews conducted with the industry experts and opinion leaders, and the intelligence obtained is further used to validate data obtained from the secondary research. The research methodology employed has aided in arriving at the market hypothesis and base year numbers, which are further used to derive the market projections for the forecast period. Data validation has also been done by using macro and micro economic factors.