Global Aerial Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Atrium / Spider Lifts, Boom Lifts, Cranes, and Scissor Lifts.

By Technology;

Unpowered, Self-propelled, and Vehicle-mounted.

By Ownership;

Rental, and End-Use Industry.

By End-User;

Fire Brigade, Industrial, Power Plant, Construction, Ship & Offshore, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn338697399 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Aerial Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Aerial Equipment Market was valued at USD 9,827.27 million. The size of this market is expected to increase to USD 24,894.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.2%.

The Global Aerial Equipment Market is a dynamic landscape that encompasses a wide array of machinery and technologies designed to elevate industries and infrastructure projects worldwide. From towering cranes to nimble aerial lifts, this market serves the soaring demands of construction, maintenance, and industrial sectors with innovation and efficiency.

Rapid urbanization, coupled with the need for infrastructural development, has been a key driver fueling the growth of the aerial equipment market. As cities expand vertically and horizontally, the demand for machinery capable of reaching new heights and navigating challenging terrains has surged. Additionally, stringent safety regulations and the growing emphasis on workplace safety have propelled advancements in aerial equipment technology, fostering a safer and more productive work environment.

The advent of smart technologies and telematics has revolutionized the way aerial equipment is managed and operated. Remote monitoring, predictive maintenance, and real-time data analytics have enhanced operational efficiency, minimized downtime, and optimized resource utilization, thereby offering significant cost savings for businesses.

Environmental sustainability has emerged as a crucial factor shaping the trajectory of the global aerial equipment market. Manufacturers are increasingly focused on developing eco-friendly solutions, including electric-powered and hybrid aerial platforms, to reduce carbon emissions and minimize the environmental footprint of construction and maintenance activities.

In the midst of these transformative trends, the global aerial equipment market presents abundant opportunities for stakeholders across the value chain. From manufacturers and suppliers to rental companies and end-users, collaboration and innovation are paramount to meet the evolving needs of a dynamic and demanding marketplace.

As the world continues to build and grow, the global aerial equipment market stands at the forefront of progress, providing the tools and technologies essential for reaching new heights and realizing ambitious visions of the future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Ownership
    4. Market Snapshot, By End-User
    5. Market Snapshot, By Region
  4. Global Aerial Equipment Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization and Infrastructure Development
        2. Safety Regulations and Workplace Standards
        3. Environmental Sustainability
        4. Cost Efficiency and Productivity
      2. Restraints
        1. High Initial Investment
        2. Maintenance and Operating Costs
        3. Safety Concerns and Liability
        4. Regulatory Compliance and Certification
      3. Opportunities
        1. Emerging Markets
        2. Focus on Sustainability
        3. Rental Market Expansion
        4. Infrastructure Renewal and Maintenance
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Aerial Equipment Market, By Product, 2021 - 2031 (USD Million)
      1. Atrium / Spider Lifts
      2. Boom Lifts
      3. Cranes
      4. Scissor Lifts
    2. Global Aerial Equipment Market, By Technology, 2021 - 2031 (USD Million)
      1. Unpowered
      2. Self-propelled
      3. Vehicle-mounted
    3. Global Aerial Equipment Market, By Ownership, 2021 - 2031 (USD Million)
      1. Rental
      2. End-Use Industry
    4. Global Aerial Equipment Market, By End-User, 2021 - 2033 (USD Million)
      1. Fire Brigade
      2. Industrial
      3. Power Plant
      4. Construction
      5. Ship & Offshore
      6. Others
    5. Global Aerial Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Snorkel International, Inc.
      2. Terex Corporation
      3. Tadano Ltd.
      4. ReachMaster Inc.
      5. Altec Holding LLC
      6. Elliott Equipment Company
      7. Haulotte
      8. JLG Industries, Inc.
      9. Linamar Corporation
      10. MEC Aerial Work Platforms
  7. Analyst Views
  8. Future Outlook of the Market