QYResearch: Global Aerial Platform Vehicles market size is estimated to reach 7.4 billion in 2022

Analyst: Wupan

Company: QYResearch

Recently, QYResearch have published a report on Aerial Platform Vehicles market. This report studies Aerial Platform Vehicles in Global market, especially in USA, Europe and China, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer. Aerial Platform Vehicles is a mechanical device used to provide temporary access for people or equipment to inaccessible areas, usually at height. According to our research, the global market size is estimated to reach 7.4 billion in 2022,with an CAGR of 3.05%

For industry structure analysis, the aerial platform vehicles industry is concentrated. The industry leader Terex and JLG accounts for the lion’s share; in fact, the two companies seize half part of the whole market. Terex, also known as Genie in the market, was famous in the industry for the wonderful performance of products and satisfactory service. But the market competition is getting fierce, with growing number of manufacturers entering the market; especially several Chinese manufacturers those are near to the fast growing market and has cost advantages.

Regionally, North America is the largest production and sales area of aerial platform vehicles. In 2016 , which was about 40% of the global total sales volume. Europe and Japan are also the main sales regions of aerial platform vehicles. While the market growth rate in developed countries is slow, the market in China and some other developing countries are promising, with remarkable market growth rate.

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