At 6.8% CAGR, North America Aerial Work Platform Market is Projected to be Worth US$ 9,808.73 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America aerial work platform market was valued at US$ 5,808.37 million in 2022 and is expected to reach US$ 9,808.73 million by 2030, registering a CAGR of 6.8% 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 North America aerial work platform market growth.

Businesses worldwide are placing a heightened emphasis on sustainability and environmental responsibility as a core component of their corporate social responsibility initiatives. The adoption of electric and hybrid-powered AWPs aligns with these sustainability goals, allowing companies to reduce carbon footprint and contribute to environmental preservation. As sustainability becomes a key differentiator, companies that prioritize eco-friendly offerings are likely to gain a competitive edge, attracting environmentally conscious customers. Aerial work platform manufacturers focusing on developing electric and hybrid solutions enhance their competitiveness in the market. Thus, aerial work platforms market as industries increasingly prioritizes sustainability and environmental impact, the adoption of cleaner technologies is poised to become a standard practice, which is expected to propel the market toward a greener and more eco-conscious future.

On the contrary, load capacity limitations hamper the growth of North America aerial work platform market.

Based on type, the North America aerial work platform market is segmented into scissor lifts, boom lifts, telehandlers, vertical mast lifts, and others. The scissor lifts segment held 46.5% market share in 2022, amassing US$ 2,703.73 million. It is projected to garner US$ 4,033.50 million by 2030 to register 5.1% CAGR during 2022-2030.

In terms of end-user, the North America aerial work platform market is segmented into construction, utility, mining, transport & logistics, and others. The construction segment held 54.3% share of North America aerial work platform market in 2022, amassing US$ 3,153.77 million. It is anticipated to garner US$ 4,985.95 million by 2030 to expand at 5.9% CAGR during 2022-2030.

Based on country, the North America aerial work platform market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.6% share of North America aerial work platform market in 2022. It was assessed at US$ 4,330.71 million in 2022 and is likely to hit US$ 7,488.46 million by 2030, registering a CAGR of 7.1% during 2022-2030.

Key players operating in the North America aerial work platform market IMER International SpA, Fabrication Authorities International Inc, Terex Corp, Tadano Ltd, Zoomlion Heavy Industry NA Inc, 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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