Ocean View, Delaware, Aug. 08, 2016 (GLOBE NEWSWIRE) -- Aerial Work Platform Truck Market size is expected to reach USD 11.16 billion by 2024; according to a new research report by Global Market Insights, Inc.
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Global aerial work platform truck market size is poised for steady growth owing to surge in demand for low-level access units, hybrid and niche machines. Key industry trends include rise in demand across the rental sector due to engagement in fleet replacement programs. Growing emphasis on operator safety is expected to fuel aerial work platform truck market size. Initiatives such as training programs for dealers, contractors and rental centers making operator safety as a primary focus are providing avenues for industry growth. In addition, continuous fine-tuning of lift equipment in order to meet customer requirements is anticipated to play a key role in driving product demand.
The need to provide need specific aerial work platforms helps enhance productivity and avoid being over or under-equipped. Further, hybrids are a trend expected to play a long-term role. Rise in engine cost has driven the need for improved hybrid electric performance, and is further estimated to spur aerial work platform truck market size. These products are required to abide by the ANSI (American National Standards Institute) standards during production. They are also expected to comply with several other norms developed by ANSI in collaboration with Scaffold Industry Association pertaining to fall protection, and aerial lift components such as vehicle-mounting elevating and rotating aerial devices.
In addition, government mandates and policies such as emission control regulations have resulted in increased emphasis on the manufacturing and adoption of all-electric and hybrid-electric aerial lifts. Manufacturers focus on developing Tier 4 solutions for increased efficiency and low carbon emission on account of growing demand for these solutions.
Browse key industry insights spread across 103 pages with 53 market data tables & 47 figures & charts from the report, “Aerial Work Platform (AWP) Truck Market Size By Application (Construction, Telecommunication, Transport & Logistics, Government), By Product (Boom Lifts, Scissor Lifts, Vertical Mast Lifts, Personal Portable Lifts), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, India, China, Mexico, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aerial-work-platform-awp-truck-market
Key insights from the report include:
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Global Market Insights has segmented the AWP Truck market on the basis of product, application, and region:
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.