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(AWP) Aerial Work Platforms Market is expected to register commendable growth during 2019 – 2025

Author : Rahul Varpe | Published Date : 2019-05-31 

The construction & mining industry is anticipated to emerge as one of the most profitable application avenues for the APAC material handling equipment market. In the past few months, there had been a robust acceleration of construction-related projects globally, a large proportion of which are currently underway. The rising demand for aerial work platforms across the global construction sector is anticipated to fuel the industry trends in the years ahead.

The mining industry offers a significant support to the economy and is of strategic importance to any nation. For instance, the Indian mining sector has reached a high level of development, however, it still has a massive unrealized potential. With a view of encouraging initiatives and making this sector more competitive, the Indian government has opened up mining opportunities for the private players. Such initiatives and advancements in the mining industry are bound to augment the aerial work platforms market size in the years ahead.

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The global aerial work platforms market has lately been experiencing remarkable growth on account of the integration of advanced technical features like telematics, sensors, and CAN bus, as these technologies provide better safety parameters compared to the traditional platforms. The machines leverage the integration of different sensors and controllers, with the incorporation of the CAN bus technology, to offer new operational features for the workers. An influx in enhancements of new operational features coupled with the technological advancements will drive the demand for this industry in the years to come.

According to reliable reports, the transportation & logistics market is predicted to depict a highly commendable growth rate in the near future. With the increasing populace across the globe and the subsequently rising demand for mobility, not to mention, the ongoing trend of globalization, the transportation industry is all set to accelerate in the years ahead. This would consequently have a major impact on the global aerial work platforms market size, given the demand for these products across this sector.

Furthermore, the growing customer expectations regarding the costs, speed and quality, coupled with the technological developments like autonomous vehicles, robotization as well as big data analytics will propel the growth of aerial work platforms market size from transportation & logistics applications. Moreover, with the cooperation as well as sharing facilities and volumes among parties in the chain, along with the new entrants with radically different business models, it is rather overt that the market will depict an upsurge from the transportation & logistics applications.

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Governments across the globe have been striving for the utilization of newly manufactured products equipped with safety parameters, with the goal of reducing worker accidents. Governmental projects are majorly focused towards deploying efficient machines & platforms for reducing the load on human workers and providing enhanced safety. Increasing awareness in the South-East Asian nations, along with other developing nations regarding machinery and time-saving benefits has led to an upsurge in the demand for technically-advanced platforms, specifically in the construction industry.

Endorsed by a broad spread application terrain, the aerial work platforms market is estimated to depict a significantly lucrative remuneration graph in the upcoming years. According to estimates, the valuation of market would cross USD 16 billion by the end of 2025.

The emergence of self-propelled access platforms has brought about quite a transformation in the aerial work platforms market. These platforms help in delivering increased security, stability, and flexibility to the users. Easy operations and transportation of the self-propelled machinery are reinforcing the product utilization across varied application sectors such as oil & gas and energy for maintenance purposes. The huge benefits of self-propelled access platforms will result in an acceleration in the growth of aerial work platforms market in the forthcoming years.

 

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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