Aerial Work Platform (AWP) Truck Market Report 2025

The aerial work platform (AWP) truck market size has grown strongly in recent years. It will grow from $11.67 billion in 2024 to $12.71 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth observed during the historic period can be credited to the expanding deployment of renewable energy projects, increased usage in the logistics and warehousing sectors, the aging infrastructure requiring attention, the rising popularity of hybrid and fuel-efficient vehicles, and heightened awareness among small and medium enterprises.

The aerial work platform (AWP) truck market size is expected to see strong growth in the next few years. It will grow to $17.6 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period is expected to be driven by the rising demand for safe working-at-height solutions, escalating construction activities, stronger focus on worker safety regulations, growing investments in smart city initiatives, and the increasing need for efficient fleet management solutions. Key trends anticipated in the forecast period include the integration of telematics and IoT technologies, improvements in battery technology, development of lightweight yet durable materials, enhancements in control systems, and technological upgrades in hydraulic and mechanical systems.

The rising demand for construction activities is expected to drive the growth of the aerial work platform (AWP) truck market in the coming years. Construction activities involve the organized processes of planning, designing, and executing building or infrastructure projects. These activities are being propelled by increasing infrastructure investments aimed at supporting economic growth and modernizing both urban and rural areas. Aerial work platform (AWP) trucks facilitate construction tasks by providing safe, elevated access to hard-to-reach areas for activities such as installation, maintenance, painting, and inspections at height. For example, in August 2024, Sunshine Coast Council, an Australia-based local government known for providing information about its services, initiatives, and community engagement, reported that the value of construction building approvals hit a record $2.3 billion for the region, marking an increase of $100 million compared to 2022-23. Consequently, the growing demand for construction activities is fueling the expansion of the aerial work platform (AWP) truck market.

Key players in the aerial work platform (AWP) truck market are concentrating on creating innovative solutions, including electric and diesel-powered booms, to improve energy efficiency, reduce emissions, and meet varied operational needs across construction and maintenance sectors. Electric and diesel-powered booms are types of aerial work platforms designed to operate with electric motors for clean indoor tasks or diesel engines for high-performance outdoor applications. For instance, in September 2022, Zhejiang Dingli Machinery, a China-based machinery company, introduced a 34.14-meter modular boom series aimed at enhancing high-reach operations with better efficiency and flexibility. This series, which includes electric (BT34ERT) and diesel (BT34RT) models, features a stable design with a lowered center of gravity, high load capacity (454 kg), ease of maintenance, and container-transport compatibility. These booms are suitable for versatile aerial work tasks, offering strong power, energy efficiency, and rough-terrain capability.

In January 2023, JLG Industries Inc., a US-based manufacturing firm, acquired Hinowa S.p.A. for an undisclosed sum. Through this acquisition, JLG Industries aims to broaden its product range and global footprint by enhancing its specialty aerial work platform offerings and targeting niche industries such as agriculture and landscape management. Hinowa S.p.A. is an Italy-based company specializing in the manufacturing of aerial work platforms.

Major players in the aerial work platform (awp) truck market are Toyota Industries Corp., Oshkosh Corp., Zoomlion Heavy Industry Science and Technology Co. Ltd., Linamar Corp., Terex Corporation, Manitou Group, Tadano Ltd., Altec Industries Inc., JLG Industries Inc., Skyjack Inc., Haulotte Group S.A., Aichi Corporation, Genie Industries Inc., Niftylift Limited, Runshare Intelligent Technology Co. Ltd., Bronto Skylift Oy Ab, Snorkel international Ltd., TEUPEN Maschinenbau GmbH, Hunan Sinoboom Heavy Industry Co. Ltd., Dinolift OY, and Ruthmann GmbH & Co. KG.

North America was the largest region in the aerial work platform (AWP) truck market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in aerial work platform (AWP) truck report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerial work platform (AWP) truck market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the transport sector, particularly in fleet maintenance and logistics operations. Higher duties on imported commercial vehicles, tires, and engine components have increased operational costs for trucking and freight companies, forcing them to raise shipping rates or reduce margins. Airlines and maritime shippers face similar pressures, with tariffs on aircraft parts and shipbuilding materials driving up capital expenditures. Additionally, retaliatory tariffs in key export markets have reduced demand for U.S.-made transportation equipment, further straining revenue streams. The sector must now prioritize fuel efficiency, alternative sourcing, and automation to offset rising expenses while maintaining service reliability.

An aerial work platform (AWP) truck is a specialized vehicle fitted with a mechanical lifting device designed to raise personnel, tools, and materials to elevated work sites. It incorporates a lifting mechanism, such as a boom or scissor lift, mounted on a truck chassis to provide both mobility and height access. These trucks are designed to ensure safety and stability during elevation, featuring controls for precise positioning, fall protection systems, and structural reinforcements.

The primary types of aerial work platform (AWP) trucks include boom lifts, scissor lifts, vertical mast lifts, and personal portable lifts. Boom lifts are aerial work platforms equipped with an extendable arm that offers both vertical and horizontal reach. They operate using various fuel types, including electric, diesel, and hybrid, and provide different platform heights, such as below 10 m, 10-20 m, 20-30 m, and above 30 m. These lifts serve a range of end-users, including rental companies, construction, utilities, and others.

The aerial work platform (AWP) truck market research report is one of a series of new reports that provides aerial work platform (AWP) truck market statistics, including aerial work platform (AWP) truck industry global market size, regional shares, competitors with a aerial work platform (AWP) truck market share, detailed aerial work platform (AWP) truck market segments, market trends and opportunities, and any further data you may need to thrive in the aerial work platform (AWP) truck industry. This aerial work platform (AWP) truck market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aerial work platform (AWP) truck market consists of sales of truck-mounted scissor lifts, insulated aerial lifts, and bucket trucks. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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