This document summarizes an InfraInsights market research report on the outlook for the aerial work platform (AWP) market in India by 2024-25. It finds that while AWP adoption will increase, demand will be concentrated in certain industries. Boom lifts are expected to continue dominating the AWP market. The report provides projections for the size of the AWP market from 2016-17 to 2024-25 using both CAGR-based and extrapolation-based approaches based on factors like GDP, construction GDP, and infrastructure spending. It segments projections by lift type and finds boom lifts will likely remain the largest segment.

1. 1
InfraInsights Market Research Report: Evaluating Market & Demand Outlook for Aerial
Work Platform (AWP) in India by 2024-25

2. 2
Research Approach & Methodology
Sources
Primary
OEMs
Dealers, Rental
Companies, User
s
Secondary
Government
Website, Compa
ny Websites
Methodology
Identification
and Forming
database on
respondents to
be covered
Primary
Interviews –
Face to Face &
Telephonic as
required
Secondary
research on
government
regulations, po
licies,
<< Telephonic Interview >> << Face 2 Face Interview >> << Questionnaire >>
Tools

3. 3
InfraInsights sees adoption of AWP increasing but the demand will be
concentrated in few pockets
LeadersAdvanced Stage Adopter
o Power Discoms
o Urban Local Bodies
o Railways
o Advertisement
o State Power Transmission Companies
o Commercial Buildings
o Automobiles
o Refinery
o Shipyards
o Metros
o Airports
o Elevated Roads
o Cement
o Steel
o Warehouse
LaggardsEarly Adopter

4. 4
AWPs are used across the lifecycle of built – operate - maintain in
different industries
Industries Construction Operations / Maintenance
Automobile
Cement
Steel
Refinery
Prefabricated Building
Airport
Shipyard
Metros
Warehouse
Commercial Buildings
IT / ITeS Park
Ports
Power

5. 5
Industry preference for type of AWP varies
Industries Articulated Boom Telescopic Boom Scissor Lift
Automobiles
Cement
Steel
Refinery
Prefabricated Building
Airport
Shipyard
Metros
Warehouse
Commercial Buildings
IT / ITeS Park
Ports
Power

6. 6
Market size by OEMs
XX%
XX%
XX%
XX%
Haulotte
JLG
Terex Genie
Others
Total – XXX units

7. 7
Market size by AWP – According to Lift type
X%
XX%
XX%
XX%
XX
X%
spider
single vertical mast
scissor
Articulating Boom
Double Mast
telescopic boom
Total – XXXunits

8. 8
Market size by AWP – According to Movability
XX%
XX%
XX%
Push Arounds
Self-Propelled
Truck Mounted
Total – XXXunits

9. 9
Market size by working height
X%
XX%
XX%
XX%
X%
X%
XX%
XX%
X% X% 32m
10m
12 m
18m
20m
6m
8m
14m
26m
23m
Total – XXXunits

10. Approach 1: CAGR based projection

11. 11
Estimated Demand for New AWP by 2024-25
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

12. 12
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Boom Lifts Scissor Lifts Others
Boom Lifts will continue to dominate the AWP market….

13. Approach 2: Extrapolation based on
• GDP,
• Construction GDP,
• Infrastructure Spend
• Regression analysis on GDP, Construction GDP
& Infrastructure Spend

14. 14
Parameters on which projection was done….
Year GDP (cr)
Construction GDP
(cr)
Infrastructure
Spend (cr)
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
2024-25

15. 15
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
AWP Projection by 2024-25: Extrapolation based on projected GDP
growth

16. 16
AWP Projection by 2024-25: Extrapolation based on projected GDP
growth > Segmentation by Lift Type
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Boom Lifts Scissor Lifts Others

17. 17
AWP Projection by 2024-25: Extrapolation based on regression analysis
between AWP sales and GDP, Construction GDP, Infrastructure spend
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

18. 18
AWP Projection by 2024-25: Extrapolation based on regression analysis
between AWP sales and GDP, Construction GDP, Infrastructure spend >
segmentation by lift type
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Boom Lifts Scissor Lifts Others

19. 19
AWP Projection by 2024-25: Avg of all the extrapolation in approach 2
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

20. 20
For any further queries please contact
Keyur Sheth
InfraInsights Consulting Private Limited
Level 13, Platinum Techno Park,
Plot No. 17/18, Sector 30A,
Vashi, Navi Mumbai 400705
Telephone: +91-98205-40508
Email: keyur@infrainsights.com
Website: www.infrainsights.com

21. 21
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responsible for errors or omissions or for the results obtained from the use of such information
and especially states that it has no financial liability whatsoever to the subscribers/users of this
presentation.
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