Aerial Equipment Market

By Equipment Type;

Articulating Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, Spider Lifts, Trailer Mounted Lifts, Vertical Mast Lifts and Telehandlers

By Power Source;

Diesel, Electric and Hybrid

By Height Capability;

Up To 11 Meters, 11–20 Meters and Over 20 Meters

By Operation Mode;

Mobile and Static

By End User;

Construction, Energy Utilities, Events Entertainment, Maintenance & Repair, Oil & Gas, Mining and Warehousing Logistics

By Geography;

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

Aerial Equipment Market Overview

Aerial Equipment Market (USD Million)

Aerial Equipment Market was valued at USD 9,827.27 million in the year 2024. 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%.


Aerial Equipment Market

*Market size in USD million

CAGR 14.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)14.2 %
Market Size (2024)USD 9,827.27 Million
Market Size (2031)USD 24,894.06 Million
Market ConcentrationLow
Report Pages314
9,827.27
2024
24,894.06
2031

Major Players

  • Snorkel International, Inc.
  • Terex Corporation
  • Tadano Ltd.
  • ReachMaster Inc.
  • Altec Holding LLC
  • Elliott Equipment Company
  • Haulotte
  • JLG Industries, Inc.
  • Linamar Corporation
  • MEC Aerial Work Platforms

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Aerial Equipment Market

Fragmented - Highly competitive market without dominant players


The Aerial Equipment Market is witnessing significant growth as industries demand safer and more efficient lifting and access solutions. Nearly 68% of construction and maintenance projects now incorporate aerial equipment to enhance productivity and worker safety. These machines deliver versatility, reliability, and operational efficiency, making them indispensable across sectors.

Market Drivers
The rising focus on workplace safety, cost efficiency, and project speed is driving adoption. About 72% of contractors prefer aerial lifts and platforms to minimize risks compared to traditional methods. The emphasis on streamlined operations, reduced downtime, and compliance with safety standards continues to accelerate demand.

Technological Advancements
Innovation in electric-powered lifts, hybrid systems, and automated controls is transforming the aerial equipment landscape. More than 61% of new models integrate smart sensors and telematics for real-time monitoring. These advancements provide better energy efficiency, improved precision, and enhanced operator safety.

Future Outlook
The Aerial Equipment Market is poised for expansion as 74% of companies plan to adopt advanced, eco-friendly equipment. With a focus on sustainability, automation, and smart technology integration, aerial equipment will remain a cornerstone of modern construction and maintenance solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Equipment Type
    2. Market Snapshot, By Power Source
    3. Market Snapshot, By Height Capability
    4. Market Snapshot, By Operation Mode
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. 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. Aerial Equipment Market, By Equipment Type, 2021 - 2031 (USD Million)
      1. Articulating Boom Lifts
      2. Telescopic Boom Lifts
      3. Scissor Lifts
      4. Spider Lifts
      5. Trailer Mounted Lifts
      6. Vertical Mast Lifts
      7. Telehandlers
    2. Aerial Equipment Market, By Power Source, 2021 - 2031 (USD Million)
      1. Diesel
      2. Electric
      3. Hybrid
    3. Aerial Equipment Market, By Height Capability, 2021 - 2031 (USD Million)
      1. Up To 11 Meters
      2. 11–20 Meters
      3. Over 20 Meters
    4. Aerial Equipment Market, By Operation Mode, 2021 - 2031 (USD Million)
      1. Mobile
      2. Static
    5. Aerial Equipment Market, By End User, 2021 - 2031 (USD Million)
      1. Construction
      2. Energy Utilities
      3. Events Entertainment
      4. Maintenance & Repair
      5. Oil & Gas
      6. Mining
      7. Warehousing Logistics
    6. 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. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape

    1. Company Profiles
      1. Terex Corporation
      2. Oshkosh Corporation / JLG Industries
      3. Haulotte Group
      4. Linamar Corporation / Skyjack (Linamar)
      5. Manitou Group
      6. Tadano Ltd.
      7. Aichi Corporation (Toyota Industries)
      8. MEC Aerial Work Platforms
      9. Niftylift Ltd.
      10. Xuzhou Construction Machinery (XCMG)
      11. Zhejiang Dingli Machinery
      12. Shandong Sinoboom
      13. Altec Industries
      14. Snorkel Lifts
      15. Bronto Skylift
  7. Analyst Views
  8. Future Outlook of the Market