Stratview Research announces the launch of a new research report on the Aerial Work Platform Market is Segmented by Product Type (Boom Lifts, Scissor Lifts, Vertical Mast Lifts, and Personal Portable Lifts), by Engine Type (Electric, Engine-Powered), by End-User Type (Construction, Retail, Storage, and Warehouses, Transportation and Logistics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Aerial Work Platform Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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Report Features
The report delivers a detailed view of the industry based on global Aerial Work Platform Market size, market growth, and opportunities. The report also analyses market key aspects such as-
Highlights from the Report
Aerial work platform market is likely to witness an impressive CAGR of 5.8% during the forecast period. The major factors contributing towards the growth of the aerial work platform market are increasing investments in real-estate sector, increasing government investment in the private sector, and growing infrastructure development, especially in the Asia-Pacific region.
Regional Analysis:
In terms of regions, North America dominated the aerial work platform market in 2019, whereas Asia-Pacific is expected to grow at the fastest pace during the forecast period. China and India are the key growth engines of the Asia-Pacific’s market. Europe is also expected to offer lucrative growth opportunities during the forecast period.
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According to the report, the key players of the market are –
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The major factors contributing towards the growth of the aerial work platform market are increasing investments in real-estate sector, increasing government investment in the private sector, and growing infrastructure development.
Asia-Pacific is expected to grow at the fastest pace in the aerial work platform market during the next five years.