South & Central America Aerial Work Platform Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Type (Scissor Lifts, Boom Lifts, Telehandlers, Vertical Mast Lifts, and Others) and End user (Construction, Utility, Mining, Transport & Logistics, and Others)


No. of Pages: 72    |    Report Code: BMIRE00030533    |    Category: Manufacturing and Construction

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South & Central America Aerial Work Platform Market

The South & Central America aerial work platform market was valued at US$ 737.56 million in 2022 and is expected to reach US$ 1,421.51 million by 2030; it is estimated to register a CAGR of 8.5% from 2022 to 2030.

Increasing Trend of Renting Equipment Fuels South & Central America Aerial Work Platform Market



The increasing trend of renting equipment rather than outright ownership aligns with the evolving needs and preferences of businesses across industries. Renting AWPs provides businesses with a cost-efficient alternative to purchasing, particularly for those with intermittent or project-specific needs. This approach allows companies to allocate capital to other critical areas while still gaining access to advanced and specialized AWP models. Renting allows businesses to access the latest and most advanced AWP models without the upfront capital investment. This is particularly advantageous in industries where technological innovation and efficiency are crucial for staying competitive. Many businesses have short-term or project-specific requirements for elevated work platforms. Renting AWPs caters to these needs effectively, allowing companies to secure the equipment for the duration of the project without the burden of long-term ownership commitments. The rising demand for rental services contributes to the growth of the broader rental industry. Thus, the increasing trend of renting equipment is anticipated to create numerous opportunities for the aerial work platforms market during the forecast period.

South & Central America Aerial Work Platform Market Overview



The South & Central America aerial work platforms market is segmented into Brazil, Chile, Argentina, Peru, and Colombia. Many regional companies are shifting toward digital transformation margin and adopting automated machines and tools to enhance their operations. Automated machines are being implemented in the private and public sectors as one of the ways to stay competitive in the market. Peru continues to be one of the fastest-growing countries in South America, with constant governmental investments across the mining and private consumption sectors, which support economic growth. A steady recovery growth in the construction industry developments and increasing support from mining services enhance the demand for aerial work platforms.

In addition, governments of other emerging economies in the region are taking several initiatives to support the growth of industrial infrastructure. For instance, Argentina is concentrating on attracting FDI by easing import restrictions, signing international bilateral agreements, imposing zero restrictions on foreign investment, and other such initiatives. All these initiatives are expected to help develop new aerial work platforms in South America.

In Brazil, the demand for aerial work platforms (AWPs) is influenced by several key industries. The construction sector is a significant driver, utilizing AWPs for building maintenance, installation, and inspection at elevated heights. Infrastructure development projects further contribute to this demand. In the energy industry, AWPs are vital in maintaining power lines and conducting repairs on utility structures.

Manufacturing facilities in Brazil deploy these platforms for efficient assembly processes and equipment maintenance, which is expected to fuel the market growth in the coming years. Moreover, the rise in demand for aerial work platforms from agriculture applications such as crop monitoring and harvesting in challenging terrains is expected to boost the market expansion from 2022 to 2030. The versatility and mobility of AWPs make them valuable in addressing the diverse needs of industries in Brazil. As safety regulations become more stringent, the adoption of aerial work platforms is likely to increase across various sectors, further driving the product demand in the country.

South & Central America Aerial Work Platform Market Revenue and Forecast to 2030 (US$ Million)


South & Central America Aerial Work Platform Market Revenue and Forecast to 2030 (US$ Million)
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South & Central America Aerial Work Platform Strategic Insights

Strategic insights for the South & Central America Aerial Work Platform provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South & Central America Aerial Work Platform Report Scope

Report Attribute Details
Market size in 2022 US$ 737.56 Million
Market Size by 2030 US$ 1,421.51 Million
Global CAGR (2022 - 2030) 8.5%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Type
  • Scissor Lifts
  • Boom Lifts
  • Telehandlers
  • Vertical Mast Lifts
By End user
  • Construction
  • Utility
  • Mining
  • Transport & Logistics
Regions and Countries Covered South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • Terex Corp
  • Tadano Ltd
  • Sany Palfinger SPV Equipment Co., Ltd
  • JLG Industries, Inc
  • Xuzhou Construction Machinery Group Co., Ltd
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    South & Central America Aerial Work Platform Regional Insights

    The geographic scope of the South & Central America Aerial Work Platform refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    South & Central America Aerial Work Platform Market Segmentation 



    The South & Central America aerial work platform market is categorized into type, end user, and country.

    Based on type, the South & Central America aerial work platform market is segmented into scissor lifts, boom lifts, telehandlers, vertical mast lifts, and others. The scissor lifts segment held the largest South & Central America aerial work platform market share in 2022.

    In terms of end user, the South & Central America aerial work platform market is segmented into construction, utility, mining, transport & logistics, and others. The construction segment held the largest South & Central America aerial work platform market share in 2022.

    By country, the South & Central America aerial work platform market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America aerial work platform market share in 2022.

    Terex Corp, Tadano Ltd, Sany Palfinger SPV Equipment Co Ltd, JLG Industries Inc, and Xuzhou Construction Machinery Group Co Ltd. are some of the leading companies operating in the South & Central America aerial work platform market.

    The List of Companies - South & Central America Aerial Work Platform Market

    1. Terex Corp
    2. Tadano Ltd
    3. Sany Palfinger SPV Equipment Co., Ltd
    4. JLG Industries, Inc
    5. Xuzhou Construction Machinery Group Co., Ltd

    Frequently Asked Questions
    How big is the South & Central America Aerial Work Platform Market?

    The South & Central America Aerial Work Platform Market is valued at US$ 737.56 Million in 2022, it is projected to reach US$ 1,421.51 Million by 2030.

    What is the CAGR for South & Central America Aerial Work Platform Market by (2022 - 2030)?

    As per our report South & Central America Aerial Work Platform Market, the market size is valued at US$ 737.56 Million in 2022, projecting it to reach US$ 1,421.51 Million by 2030. This translates to a CAGR of approximately 8.5% during the forecast period.

    What segments are covered in this report?

    The South & Central America Aerial Work Platform Market report typically cover these key segments-

  • Type (Scissor Lifts, Boom Lifts, Telehandlers, Vertical Mast Lifts)
  • End user (Construction, Utility, Mining, Transport & Logistics)
  • What is the historic period, base year, and forecast period taken for South & Central America Aerial Work Platform Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Aerial Work Platform Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in South & Central America Aerial Work Platform Market?

    The South & Central America Aerial Work Platform Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Terex Corp
  • Tadano Ltd
  • Sany Palfinger SPV Equipment Co., Ltd
  • JLG Industries, Inc
  • Xuzhou Construction Machinery Group Co., Ltd
  • Who should buy this report?

    The South & Central America Aerial Work Platform Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the South & Central America Aerial Work Platform Market value chain can benefit from the information contained in a comprehensive market report.