New heights: After volatility in downstream markets, rebound in construction will drive growth

IBISWorld’s Aerial Work Platform Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Aerial Work Platform Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.


Industry Threats & Opportunities

  • The industry’s reliance on the constructor sector led to a volatile five-year performance
  • When industry demand is strong, companies can pass on steel costs in the form of higher prices
  • The construction sector will continue to grow strongly due to economic strength and rising population

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    Industry Analysis & Industry Trends

    The Aerial Work Platform Manufacturing industry has had a disappointing performance over the past five years. Industry demand is primarily driven by construction activity because aerial work platforms are used by nearly all construction industries. Profitability was also volatile over the past five years. Steel prices spiked in 2011, raising input costs and squeezing margins. Over the five years to 2021, industry revenue is forecast to grow. The value of both construction and aggregate private investment are anticipated to continue to significantly increase over the next five years, which will result in stronger demand for the industry's products...

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    Industry Report - Industry Key Buyers Chapter

    The Aerial Work Platform Manufacturing industry has a low level of market share concentration. IBISWorld estimates that the top two companies in the industry, JLG Industries and Terex Corporation, will account for 34.8% of total revenue in 2016. The remainder of the industry is relatively fragmented among a number of smaller manufacturers. Over the past five years, some manufacturers did not have the capital resources to survive ongoing economic turbulence and, as a result, the number of industry enterprises fell over the period. As these operators exited the industry, the largest companies had the opportunity to capture more business and expand their share of the market. IBISWorld anticipates the level of concentration will rise slightly over the next five years.


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    Additional Insights for the Aerial Work Platform Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Aerial Work Platform Manufacturing Industry are

  • Effective cost controls
  • Effective quality control
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Aggregate private investment and Value of construction in the Aerial Work Platform Manufacturing industry impact industry performance..

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    Industry Products

    What is the Aerial Work Platform Manufacturing Industry?

    This industry manufactures aerial work platforms, including boom lifts, scissor lifts, vertical mast lifts and personal portable lifts. Aerial work platforms may be stationary, towed or mounted on trucks.

    Industry Products
    Boom lifts
    Scissor lifts
    Vertical mass
    Personnel portable lifts
    Industry Activities
    Manufacturing boom lifts
    Manufacturing scissor lifts
    Manufacturing vertical mast lifts
    Manufacturing personal portable lifts

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Aggregate private investment
  • Value of construction
  • Trade-weighted index
  • World price of steel
  • Government funding for highways

  • Current Performance
  • Weak downstream demand
  • Volatile profitability
  • Wages and employment
  • Trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction grows
  • Small but steady reliance on trade
  • Technological advances required to manage costs
  • Table: Aerial Work Platform Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Aerial Work Platform Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Construction
  • Home Improvement Stores
  • Heavy Equipment Rental

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Iron & Steel Manufacturing
  • Tire Manufacturing

  • Products & Services
  • Boom lifts
  • Scissor lifts
  • Vertical mass
  • Personnel portable lifts
  • Chart: Aerial Work Platform Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Construction activity
  • Trade-weighted index

  • Major Markets
  • Construction rental agencies
  • Other
  • Construction contractors and companies
  • Exports
  • Chart: Major Market Segmentation for the Aerial Work Platform Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, marketing and rent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Aerial Work Platform Manufacturing

  • Basis of Competition
  • Price
  • Quality and performance
  • External competition and exchange rates

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Aerial Work Platform Manufacturing Industry

  • Industry Globalization
    Major Companies
    JLG Industries Inc.Terex Corporation
  • Table: JLG Industries Inc. - financial performance
  • Table: Terex Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Aerial Work Platform Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Aerial Work Platform Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Aggregate Private Investment (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Aerial-Lift Trucks
  • Self-propelled aerial work platforms that are mounted on a truck.
  • Boom Lift
  • Aerial work platform that consists of a platform or bucket at the end of a hydraulic lifting system.
  • Personnel Portable Lift
  • Small aerial work platform for personal use.
  • Scissor Lift
  • An aerial work platform that can only move vertically. Support beams are linked and folds in a scissor pattern.
  • Vertical Mast Lift
  • Aerial work platform that moves vertically using a single support beam lifting system.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Aerial Work Platform Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Aerial Work Platform Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Aerial Work Platform Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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