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This Aerial Work Platforms market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Aerial Work Platforms along with key stakeholders as well as emerging players associated with the manufacturing of product.
Key players involved in the market are rigorously investing in the development and launches of new products to gain a competitive advantage and expand their consumer base. Mergers & acquisitions along with diversification of product portfolios are key business strategies implemented by participants in the industry.
- In September 2021, JLG Industries, Inc. announced the launch of the JLG® 670SJ self-leveling boom lift, equipped with JLG’s exclusive and patented self-leveling technology. The 670SJ is engineered to automatically adapt to terrain on slopes up to 10 degrees in any direction, while driving with full functionality at a class-leading 67-ft platform height.
- In March 2021, MEC Aerial Work Platforms introduced its newest product line of vertical mast lifts; the MEC Mast Electric (MME) Series. The MME Series leads with direct electric drive for high efficiency, longer duty cycles, and higher product residual value. It offers two heights to choose from: the MME20 with a platform height of 20 feet and the MME25 with a non-rotating vertical mast lift platform height of 25 feet.
- Zhejiang Dingli Machinery Co., Ltd. acquired 24% of Trupen’s stock rights in August 2020. Trupen is a dominant player in spider Aerial Work Platform design, research, development, industrial production, and marketing.
- Terex Corporation introduced the ‘Genie® Z-45 Substation Utility Boom,’ a mobile elevated work platform, in January 2021. It is specifically built for power substation tasks where an insulated device is necessary but conventional bucket trucks are not permitted.
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Key Segments Covered in Aerial:
· By Product :
- Scissor Lifts
- Boom Lifts
- Other AWPs
· By End Use Industries :
- AWP Rental Service Providers
- End Use Industries
- Commercial Uses
- Others (Public Administration, Mining, Agriculture, etc.)
· By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa
Questionnaire answered in the Market outlook Report of Aerial Work Platforms include:
- What is the key strategy deployed by large players to maximize Aerial Work Platforms Market growth?
- What are the main challenges faced by players in the Aerial Work Platforms market Demand?
- With the advent of technological advancement, how will the Aerial Work Platforms market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Aerial Work Platforms market size?
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