Forklift market and sales in 2019

Global sales of overhead lifters (AWPs) surpassed 120,000 in 2018 and are set to exhibit CAGR of 5.8% over the forecast period from 2018 to 2026.

The growth of Aerial Work Platform market people working on high

Aerial Work Platform (AWP) is one of the indispensable and essential equipment in many different fields such as construction, transportation and other infrastructure projects. These lifting devices are considered to be very convenient and safe, useful in a wide range of construction and maintenance activities. The growth of the market is mainly governed by increasing regulations and awareness of occupational safety. Due to ease of handling and safety, forklifts are now replacing conventional equipment (such as scaffolding, ladders, ropes) at construction and maintenance sites. In addition, a consistent increase in infrastructure and construction projects is another major factor supporting the growth of the lift truck market.

The development from conventional ladders into forklifts today.

Lifts are used in a variety of construction and maintenance projects around the world. Among them, boom lift cars are the most popular type of AWP due to their higher accessibility and flexible design. In 2018, the boom boom aerial boom segment led the market with over 60% of the global market share. Aerial lifts Boom booms are classified into two categories: straight and folding. Based on classification, the segment is driven by an explosive aerial work platform. These devices provide extended elevation operation and enhanced maneuverability. This makes them suitable for most applications. Thereby, the type of product will continue to dominate the market during the forecast period.

Based on geographic location, North America leads the market with market share, in value terms, more than 40% in 2018. The market here is supported by the existence of an extremely developed construction & maintenance industry. development. In addition, awareness of occupational safety is another important factor supporting market growth. The presence of regulatory agencies such as OSHA has ensured awareness and high occupational safety expenditures for such devices in the region. In the following years, Asia Pacific was set to register the fastest growth in the market. Outside of China and India, Southeast Asia is a major market for developer Aerial Work Platform due to the presence of significant construction and maintenance activities.

Some of the major leading manufacturing companies cited in the report include: JLG Industries, Inc., Terex Corporation (Genie), Tadano Ltd., Tadano Ltd., Linamar Corporation (Skyjack), Palfinger AG, Haulotte Group, IMER International SpA, Aichi Corporation, Hunan SINOBOOM., Ltd., Altec Industries, Inc., JC Bamford Excavator Ltd., Noblelift Smart Equipment Co., Ltd., Bronto Skylift Oy Ab, Manitou Group, Alimak Hek AB Group, Snorkel Lifts.

Among the above-mentioned production enterprises, U-MAC Vietnam Co., Ltd. is currently the distribution representative for 4 large firms: JLG, Aerial Work Platform for Haulotte, Sinoboom, Manitou. UMAC specializes in providing safety lifting solutions in Vietnam.