Aeration Tower Market will surpass USD 34.3 Billion by 2030 owing to expansion of construction industry and development of renewable energy - SNS Insider research.

According to SNS Insider, the aerial work platform market, which was valued at USD 17.47 billion in 2022, is projected to achieve a compound annual growth rate of 8.8% from 2023 to 2030, eventually reaching a total value of USD 34.3 billion by 2030.

Market Overview

Advanced Work Platforms (AWPs), also known as elevating platforms or 'cherry on the cake', are specialized equipment used in various industries for tasks that require temporary access to work sites at height. These platforms are designed to provide a safe and stable working environment for employees when they need to reach heights that are otherwise inaccessible by traditional means such as ladders or scaffolding. The benefits of using elevated work platforms include improved safety, increased efficiency and the ability to access hard-to-reach areas. They are equipped with safety features such as guardrails, safety equipment attachment points and emergency stop systems to protect workers when working at heights.

Market Analysis

The aerial work platforms market is experiencing significant growth due to several factors that are driving the demand for these versatile and valuable types of equipment. The global construction industry continues to expand, pushed by urbanization and infrastructure development projects. Lifting work platforms are integral to tasks such as building maintenance, painting, and construction, increasing the demand for these machines.