Moving on up: After volatility in downstream markets, rebound in construction will drive growth

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. Demand for industry products was expected to rise as new building and home construction activity recovered after 2012. However, industry growth has not followed suit, with increased construction activity not translating to increased downstream demand from the construction sector. Over the five years to 2022, the value of both construction and aggregate private investment are anticipated to continue rising, which will result in stronger demand for the industry's products...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
-5.0%
Forecast Growth 17-22
Profit
Employment
12,054
Businesses
49
Market Share of Companies

Industry Threats & Opportunities

  • After a disappointing five-year period, rising construction value will revive industry revenue
  • Improved technology and worker efficiency have supported production volume
  • This industry’s importance in the construction sector supply chain will fuel strong growth
  • 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 44.4% of total revenue in 2017. 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...purchase to read more.

    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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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

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

  • Demand Determinants
  • Construction activity
  • Trade-weighted index

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    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
    PriceQuality and performanceExternal competition and exchange rates
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Aerial Work Platform Manufacturing Industry

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

  • 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
    Table: Industry Data for the Aerial Work Platform Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Aggregate Private Investment (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    The Aerial Work Platform Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    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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