Aerial Work Platform Market Report 2026

The aerial work platform market size has grown strongly in recent years. It will grow from $13.83 billion in 2025 to $14.79 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to expansion of urban construction activities, increasing use of mechanized access equipment, rising safety compliance requirements, growth in rental equipment models, wider acceptance of awps over scaffolding.

The aerial work platform market size is expected to see strong growth in the next few years. It will grow to $19.91 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing electrification of lift platforms, rising infrastructure modernization projects, growing emphasis on emission reduction, higher demand for smart fleet management systems, expansion of rental penetration in emerging markets. Major trends in the forecast period include increasing demand for high-reach access equipment, growing preference for compact and maneuverable platforms, rising rental penetration across construction sites, enhanced focus on operator safety features, increasing customization for diverse jobsite requirements.

A rise in residential and commercial construction activities is expected to propel the growth of the aerial work platform market. Residential and commercial construction refer to two primary categories of construction projects involving the development of structures for distinct purposes. Residential construction encompasses the building of homes, apartments, and other housing structures, while commercial construction involves facilities used for business or commercial activities. Aerial work platforms (AWPs) are widely used across both segments to provide temporary access to elevated areas, enabling workers to safely and efficiently perform tasks at height, including roofing, painting, window cleaning, electrical work, and general construction. These applications contribute significantly to the growth of the aerial work platform market. For example, in November 2023, according to the Office for National Statistics, the value of new construction work in current prices in Great Britain rose by 15.8% to a record $173.1 billion (£132,989 million) in 2022, driven by increases in private sector work totaling $18.34 billion (£14,093 million) and public sector work amounting to $5.29 billion (£4,068 million). Therefore, the expansion of residential and commercial construction activities is fueling the growth of the aerial work platform market.

Major companies operating in the aerial work platform market are focused on introducing innovative products such as scissor lifts and intuitive control panels. Scissor lifts are aerial work platforms featuring a crisscrossing mechanical structure that raises and lowers the platform to provide a stable working surface at various heights for applications such as maintenance, construction, and installation. Intuitive control panels offer operators a clear, user-friendly interface that simplifies machine operation and improves efficiency. For instance, in March 2024, Manitou Group, a France-based aerial work platform manufacturer, introduced a new range of scissor lifts designed to enhance efficiency and safety in diverse lifting applications. The lineup includes models such as the SE 0808 and SE 1008, offering working heights of 8 meters and 10 meters, with a 12-meter model (SE 1212) planned for future release. Built with premium components, the lifts feature two high-efficiency AC motors and a lightweight design that improves autonomy and reduces total cost of ownership. Suitable for indoor and outdoor environments, these models meet the needs of various industrial maintenance and finishing tasks.

In January 2023, JLG Industries Inc., a US-based manufacturer of mobile elevating work platforms (MEWPs) and telehandlers, acquired Hinowa S.p.A. for an undisclosed sum. This acquisition enables JLG to expand its aerial work platform portfolio, broaden its specialty access equipment offerings, and strengthen its position in niche sectors such as agriculture, landscaping, and vegetation management. Hinowa S.p.A. is an Italy-based producer of tracked aerial platforms, spider lifts, and other specialized access equipment designed for diverse aerial work applications.

Major companies operating in the aerial work platform market are Terex Corporation, MEC Aerial Work Platforms, JLG Industries, Inc., Galmon (Singapore) Pte Ltd, Aichi Corporation, Haulotte Group, Manitou Group, Skyjack Inc., Altec Industries Inc., Palfinger AG, Sinoboom Intelligent Equipment Group Co., Ltd., Lingong Machinery Group, Zhejiang Dingli Machinery Co., Ltd., Xuzhou Construction Machinery Group Co. Ltd., Ruthmann Holdings GmbH, Teupen Maschinenbau GmbH, Time Benelux, Snorkel International, LLC, Holland Lift International B.V., Dinolift Oy.

North America was the largest region in the aerial work platform market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global aerial work platform market during the forecast period. The regions covered in the aerial work platform market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aerial work platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The aerial work platform market consists of sales of golf carts, scissor lifts, vertical mast lifts, trailer-mounted boom lifts, and personnel lifts. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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