End-user segments performance in the global aerial work platform truck market

The global aerial work platform truck market is expected to grow at a CAGR of 8.03% during the forecast period. Based on end-user, the global aerial work platform truck market has been segmented into construction, telecom, T&L, and others.

The demand for aerial work platform trucks in the construction industry is rising rapidly, owing to increasing construction activities, which is expected to continue during the forecast period. Increased investment by the government and private sector in developed and developing economies to develop more cities will continue to drive the growth of the construction industry. This increased investment can be attributed to the increasing population in emerging countries and the need for upgrades in infrastructure in developed countries.

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Rapidly growing world population and increasing urbanization in many developing as well as developed economies across the globe are backing the growth in the construction industry. With the growth in construction activities, there has been a simultaneous rise in accidents at construction sites or during maintenance. Hence, regulatory authorities have made regulations stringent to ensure worker safety. Thus, the demand for aerial work platform trucks is also rising, which, in turn, boosting the growth of the global aerial work platform truck market during the forecast period.