Sellbyville, DE -- (SBWIRE) -- 12/06/2018 -- Global aerial work platform (AWP) truck market is segmented into geographical regions like Latin America, APAC, MEA, Europe and North America. APAC aerial work platform (AWP) truck market share is projected to register CAGR of about 18.8% during forecast period. Factors like rise in amount of mobile users and increasing requirement for good telecommunication infrastructure is predicted to boost regional industry demand. U.S. aerial work platform (AWP) truck industry size is anticipated to be driven by growing capital investments along with renovation activities.

Transport & logistics will account for more than 20% of the Aerial work platform truck market share by 2024. This can be credited to rising infrastructure construction and procurement of bulk maintenance projects.

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Europe AWP truck market size is expected to exceed USD 2 billion by 2024 owing to stringent regulations pertaining to safety norms. Economic growth, increase in urbanization, developing telecommunication networks, rising investments in infrastructure & investment, and adoption of sophisticated and efficient construction equipment will drive industry demand over the forecast timeline.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

Aichi
Altec
Bonfiglioli Riduttori
Bosch Rexroth
Bronto Skylift
CTE
Gabriel India Limited
Galipoglu Hidromas
GEREP Maschinenbau GmbH
HUSCO International
Hydraforce Inc
Mediterr Shock Absorbers S.p.A
Ognibene Power
Runshare
Ruthmann
Suomen Vaimennin Oy
Terex
Teupen
Time Benelux

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Global Aerial Work Platform (AWP) Truck Market size was more than $2.5 billion for 2015 and is predicted to register CAGR of 18.6% during forecast timeframe. Global industry is predicted to witness large scale expansion due to increasing amount of construction activities taking place all across the globe. Further, rising expenditure on public infrastructure in countries like Indonesia, Brazil, China and India are expected to contribute to the industry growth.Rising private investment along with renovation activities in regions of Europe and North America are predicted to positively affect global aerial work platform (AWP)truck industry size during forecast period. In addition to this, growing maintenance and deployment activities of transformers, street lights and power cables, can enhance industry demand substantially.

Government policies and mandates such as emission control regulations has resulted in emphasizing on manufacturing and installation of hybrid-electric and all-electric aerial lifts. Hybrid engines are required to abide by ANSI (American National Standards Institute) standards during production. Moreover, the manufacturers are focused on developing solutions for low carbon emissions owing to growing demand for increasing efficiency. Lack of machine specific training, safety considerations and high initial capital requirement for procurement along with trained professionals will challenge industry growth.

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Key industry participants profiled in the report include Ruthmann, HUSCO International, Bonfiglioli Riduttori, Shen Yang North Traffic Heavy Industry Group, Galipoglu Hidromas, Ognibene Power, GEREP Maschinenbau GmbH, Tadano Limited, Terex Corporation, Bosch Rexroth, Altec Corporation, Time Benelux, Suomen Vaimennin Oy, Mediterr Shock Absorbers S.p.A, Hydraforce Incorporation, Haulotte, Hunan Runshare, Bronto Skylift, Aichi Corporation, CTE, Gabriel India Limited and Teupen.