At 8.4 % CAGR, Middle East & Africa Aerial Work Platform Market is Projected to be Worth US$ 1,771.82 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa aerial work platform market was valued at US$ 932.40 million in 2022 and is expected to reach US$ 1,771.82 million by 2030, registering a CAGR of 8.4% from 2022 to 2030. Growth in construction activities and infrastructure projects and growing demand for electric and hybrid-powered aerial work platforms are among the critical factors attributed to drive the Middle East & Africa aerial work platform market growth.

The growth in construction activities and infrastructure projects significantly drives the demand for aerial work platforms (AWPs) due to the specific requirements and advantages offered by these platforms. Construction projects often involve work at elevated heights, such as installing structural components, roofing, or facade work. Rapid urbanization and the rise in population drive the need for new housing, commercial spaces, and infrastructure. For instance, Saudi Arabia is planning to become one of the largest construction sites in the world, with approximately US$ 1.1 trillion of investment in infrastructure and real estate projects. These infrastructure and real estate development projects include Neom Super City, King Salman Park, Diriyah Gate, The Red Sea Projects, Jeddah Economic City, and Jeddah Central Projects. As cities expand, the construction of high-rise buildings and large-scale projects necessitates AWP for safe and efficient construction. AWPs provide a safe and efficient means for workers to access these elevated areas. As construction projects become more complex, with taller buildings and intricate structures, there is a growing need for equipment that can provide increased vertical reach. Boom lifts and scissor lifts, which are common types of AWPs, are designed to meet these requirements. AWPs are versatile and can be used for a wide range of construction tasks. These platforms are used while painting, doing electrical work, HVAC installation, or general maintenance, as they provide a flexible solution for accessing various work areas. As construction activities and infrastructure projects expand, the demand for aerial work platforms grows in tandem, driven by the need for safe, efficient, and versatile solutions for working at elevated heights. Thus, the growth in construction activities and infrastructure projects drives the aerial work platforms market.

On the contrary, load capacity limitations hurdle the growth of Middle East & Africa aerial work platform market.

Based on type, the Middle East & Africa aerial work platform market is segmented into scissor lifts, boom lifts, telehandlers, vertical mast lifts, and others. The scissor lifts segment held 60.0% market share in 2022, amassing US$ 559.77 million. It is projected to garner US$ 972.70 million by 2030 to register 7.2% CAGR during 2022-2030.

In terms of end user, the Middle East & Africa aerial work platform market is segmented into construction, utility, mining, transport & logistics, and others. The construction segment held 61.1% share of Middle East & Africa aerial work platform market in 2022, amassing US$ 569.58 million. It is anticipated to garner US$ 1,019.78 million by 2030 to expand at 7.6% CAGR during 2022-2030.

Based on country, the Middle East & Africa aerial work platform market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 39.4% share of Middle East & Africa aerial work platform market in 2022. It was assessed at US$ 366.97 million in 2022 and is likely to hit US$ 639.81 million by 2030, registering a CAGR of 7.2% during 2022-2030.

Key players operating in the Middle East & Africa aerial work platform market IMER International SpA, Terex Corp, Tadano Ltd, Sany Palfinger SPV Equipment Co Ltd, Jinan Nostec Equipment Co Ltd, JLG Industries Inc, and Xuzhou Construction Machinery Group Co Ltd, among others.

• In June 2023, JLG unveiled the X660SJ compact crawler boom lift. The X660SJ boasts a platform height of 65 feet, 7 inches, a 500-pound capacity for up to two people, a 39-foot horizontal reach, and the ability to be used both indoors and outdoors.
  
  
• In January 2022, JLG Industries Inc partnered with RE2 Robotics, a developer of intelligent robotic mobile manipulation systems. The partnership aims to develop the integration of robotics and access equipment to increase operator safety and productivity on job sites.

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