The U.S. aerial work platform (AWP) market is set to experience robust growth, with projections estimating an increase from USD 7.44 billion in 2025 to USD 12.60 billion by 2034, expanding at a compound annual growth rate (CAGR) of 6.02%. The increasing demand for AWPs across various sectors such as construction, logistics, and maintenance is driving market expansion. With a surge in urban and rural construction projects, growing e-commerce, and tightening government regulations, AWPs are becoming the preferred choice over traditional scaffolding and ladders. Furthermore, noise restrictions and environmental concerns are contributing to the rise of electric AWPs, which are cleaner and quieter.
Market Trends and Innovations in 2025
AWPs are vital tools for workers across industries in the U.S., providing temporary access to elevated or hard-to-reach areas. They play an essential role in the construction, maintenance, warehousing, and utilities industries, with different types of lifts catering to varying needs. From scissor lifts to boom lifts, and electric-powered models, innovations are continuously emerging to enhance safety, maneuverability, and overall efficiency.
In 2025, product innovation is gaining traction, with companies like JLG Industries launching models like the JLG ES1930M electric scissor lift, designed to meet the demands of modern job sites. The market continues to evolve, driven by safety regulations, technological advancements, and rising demand for more sustainable equipment.
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Key Market Segments
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Product Type: The scissor lifts segment holds the largest market share at 46.9%. These are popular due to their user-friendliness, economical nature, and versatility. Boom lifts, however, are projected to grow at the fastest rate during the forecast period, thanks to their extended reach and flexibility.
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Propulsion Type: The internal combustion engine (ICE) segment leads the market with 63.6% share. However, the electric-powered segment is gaining momentum, driven by sustainability initiatives and stringent emission regulations.
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Lifting Height: The 21-50ft segment accounts for 46.19% of the market share, popular for various construction and warehousing tasks. The above 120ft segment is expected to grow at the highest CAGR, fueled by the need for high-reach equipment in large-scale infrastructure projects.
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Application: The construction industry is the largest application segment, capturing 57.8% of the market. With the rising number of construction projects, AWPs are becoming an essential part of safety and efficiency at construction sites.
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End-User: The construction companies segment holds a dominant 40% share, with rental and leasing firms projected to grow the fastest due to the cost-effectiveness and flexibility that renting AWPs offers.
Top Companies in the U.S. Aerial Work Platform Market
The U.S. aerial work platform market is highly competitive, featuring some of the most renowned companies globally. Here are the key players shaping the market landscape:
JLG Industries, Inc.
About: JLG Industries is a leading manufacturer of access equipment and aerial work platforms. Based in the U.S., JLG is recognized for its innovation in the AWP market, with a focus on high-quality products that enhance worker safety and productivity.
Products: JLG produces a wide range of AWPs, including boom lifts, scissor lifts, and electric-powered lifts. Their product portfolio is known for advanced safety features and superior performance.
Market Cap: JLG is a subsidiary of Oshkosh Corporation, with a market capitalization of approximately USD 9.4 billion.
Terex Corporation
About: Terex is a global leader in lifting and material-handling equipment, providing a comprehensive range of products and services for the AWP market. Known for its high-performance lifts, Terex serves a diverse range of industries.
Products: Terex offers aerial work platforms, including boom lifts, scissor lifts, and vertical mast lifts. Their products are designed for both indoor and outdoor applications, with models that cater to the construction, maintenance, and rental sectors.
Market Cap: Terex Corporation is publicly traded with a market cap of around USD 5.7 billion.
Haulotte Group
About: Haulotte Group is a leading French manufacturer specializing in aerial work platforms, with a strong presence in the U.S. market. The company is known for its innovation in design and its commitment to sustainability in the AWP sector.
Products: Haulotte manufactures a wide variety of AWPs, including rough-terrain lifts, scissor lifts, and articulated boom lifts. They focus on providing solutions that increase worksite productivity and safety.
Market Cap: Haulotte Group has an estimated market capitalization of approximately USD 1.5 billion.
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Skyjack Inc.
About: Skyjack, a part of the Linamar Corporation, is a renowned manufacturer of aerial work platforms. The company is known for its user-friendly lifts and commitment to providing reliable and cost-effective solutions.
Products: Skyjack specializes in hydraulic-powered boom lifts and scissor lifts. Their products are widely used in construction, maintenance, and industrial sectors.
Market Cap: As part of Linamar Corporation, Skyjack benefits from Linamar’s strong market position, with Linamar’s market cap standing at approximately USD 7.1 billion.
Manitou Group
About: Manitou Group is a French manufacturer of material handling equipment, including aerial work platforms. The company is recognized for its rugged and durable products, often used in challenging environments.
Products: Manitou’s AWP lineup includes scissor lifts, boom lifts, and rough-terrain models, catering to various industries including construction and warehousing.
Market Cap: Manitou Group has a market capitalization of approximately USD 2.5 billion.
Aichi Corporation
About: Aichi Corporation is a Japanese manufacturer of aerial work platforms, known for its focus on providing cutting-edge products that enhance worker safety and operational efficiency.
Products: Aichi manufactures a wide range of lifts, including articulated boom lifts and scissor lifts, designed for both indoor and outdoor applications.
Market Cap: Aichi is a privately held company, so it does not publicly disclose its market capitalization.
Tadano Ltd.
About: Tadano Ltd. is a Japanese manufacturer known for producing high-quality lifting equipment, including aerial work platforms. The company has a strong reputation for reliability and safety in construction and industrial applications.
Products: Tadano’s AWP range includes boom lifts, scissor lifts, and truck-mounted lifts. They offer both electric and internal combustion engine models.
Market Cap: Tadano Ltd. is publicly traded with a market capitalization of approximately USD 1.2 billion.
FAQs about the U.S. Aerial Work Platform Market
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What is the primary driver of growth in the U.S. aerial work platform market?
The major drivers include increased construction activity, rising e-commerce demands, and stricter government regulations promoting the use of AWPs for safety. -
Which type of aerial work platform is expected to grow the fastest in the coming years?
The boom lifts segment is expected to grow with the highest CAGR during the forecast period due to their extended reach and flexibility. -
Why are electric aerial work platforms becoming more popular?
Electric AWPs are gaining popularity due to their environmentally friendly features, as they produce zero emissions and are quieter, making them ideal for indoor environments. -
What is the market share of the construction industry in the U.S. aerial work platform market?
The construction sector holds the largest share of the market, with approximately 57.8% of the total market share. -
What is the expected growth in the rental market for aerial work platforms?
The rental and leasing firms segment is expected to grow rapidly as many contractors prefer renting AWPs to reduce ownership costs, with flexibility in equipment selection.
Source : https://www.towardsautomotive.com/insights/us-aerial-work-platform-market-sizing
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