India Aerial Work Platform Market Size, Share, Analysis, Industry Report and Forecast 2021-2027
Indian aerial work platform market is anticipated to exhibit a CAGR of 6.4% during the forecast period (2021-2027). Various pivotal factors such as the increasing population, rapid urbanization, rising government expenditure on infrastructure projects have augmented impetus for numerous infrastructure developments. Significant infrastructure spending in railways, highways, airports, and ports will drive higher demand for aerial lifts in the country. In addition, government expenditure on the development of roads, flyovers, metro rails, and commercial facilities and centers will further accelerate the demand for aerial work platforms market.
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Further, the authorities have rolled
out numerous policies to ease infrastructural development in India. Since 2019,
the authorities have eased the foreign direct investment (FDI) regulations in
the construction sector by eliminating two major conditions relevant to the
minimum built-up area and capital requirement. Currently, a 100% FDI is allowed
in construction-development projects, including townships, construction of
commercial and residential premises, roads, or bridges, and more. Aerial lifts
are highly used in the construction maintenance activities; therefore, the high
demand for aerial lifts in construction sector is anticipated to drive the growth
of Indian aerial work platform market.
A
full Report of India Aerial Work Platform Market is Available at: https://www.omrglobal.com/industry-reports/india-aerial-work-platform-market
Market
Coverage
·
Market
number available for – 2020-2027-
·
Base
year- 2020
·
Forecast
period- 2021-2027
·
Segment
Covered-
·
By
Product Type
·
By
Drive Type
·
By
Application
·
Competitive
Landscape- Titan Worldwide, Inc., Toyota Industries, Corp., Youngman Pvt.,
Ltd., Custom Equipment, LLC, and Bishamon Industries, Corp.
India Aerial
Work Platform Market Report Segment
·
Boom
Lift
·
Scissor
Lift
·
Vertical
Mass Lifts
·
Personal
Portable Lifts
By Drive Type
·
Hydraulic
·
Electrical
·
Pneumatic
By
Application
·
Construction
& Building Maintenance
·
Manufacturing
& Retail
·
Automotive
·
Warehousing
·
Transport
·
Logistics
·
Others
Company
Profiles
·
Aichi
Corp.
·
All-Rite
Group of Companies
·
ALMAC
srl
·
Asmita
Engineering Equipment
·
Beacon
Industries, Inc.
·
Bishamon
Industries Corp.
·
Custom
Equipment, LLC
·
Econo
Lift, Ltd.
·
Galmon
(S) Pte Ltd
·
Haulotte
Group
·
JLG
Industries, Inc.
·
Linamar
Corp.
·
MEC
Aerial Work Platform
·
Nidec
Motor Corp.
·
Servotech
India Ltd.
·
Terex
Corp.
·
Titan
Worldwide, Inc.
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