Going HIGH!
Access Equipment or Access Work Platform (AWP) is increasingly used in several industries such as construction, manufacturing, mining, and transportation. The construction segment is expected to hold major aerial work platform market share during the next few years. Equipment Times highlights the product range, growth potential, industry practices, newer technologies, market potential, initiatives taken on the safety front, potential for rental and major challenges in the Access Equipment market.
Access Equipment or Access Work Platform (AWP) is increasingly used in several industries such as construction, manufacturing, mining, and transportation. The construction segment is expected to hold major aerial work platform market share during the next few years. Equipment Times highlights the product range, growth potential, industry practices, newer technologies, market potential, initiatives taken on the safety front, potential for rental and major challenges in the Access Equipment market.
The massive investments in infrastructure developmental projects and growing consciousness about safety, productivity and increasing uptime will lead the demand for higher quality Access Work Platform (AWP) in the Indian market in the near future. In order to grab maximum opportunities and market share, manufacturers of AWP have started focusing more on training and after-support services besides R&D for rolling out quality products.
India has emerged as a significant market for infrastructure development activities. But still, the use of technologically advanced access equipment remains very low compared to other comparable markets. The primary applications of access equipment range from construction and maintenance to various construction and infrastructure needs. With the government launching numerous projects, the demand for aerial work platforms is expected to skyrocket in the coming years. This massive infrastructure project prioritises the acquisition of safe and advanced access equipment to shorten project timelines while addressing efficient operations, safety, and reduced environmental impacts. Availability of access equipment for infra projects The Indian government is making significant investments in infrastructure development. We have the Bharat Mala, the Sagar Mala, and a number of other projects in the works, which is a very positive sign. However, these projects are more concerned with the construction industry regarding road development, waterways, and access equipment. Infrastructure development, such as roads, bridges, airports, and metros, is where most construction activity occurs, and access equipment is commonly used.
Rising demand for scissor lifts in repair & maintenance work
In 2021, global scissor lifts segment valued at over USD 1.5 billion. The ability of scissor lifts to efficiently work in confined spaces owing to their compact body design is accelerating their adoption. Moreover, scissor lifts offer flexible customization, thereby allowing them to work in multiple environments and improving market statistics. Aerial work platform market leaders are launching their new products to increase revenue streams.
Low costs and wider availability are creating a positive market outlook
The reasonable cost of engine-powered AWPs and their higher power output as compared to electric AWPs are fostering the demand for engine-powered AWPs. The segment is estimated to witness nearly 6.5% gains through 2028. The engine-powered AWP industry is growing considerably due to various technical strategies adopted by AWP OEMs. Companies, such as JLG Industries, Inc. and Terex Corporation, are unveiling new innovations in engine-powered AWPs to increase their equipment sales.
Increasing public & private investments in Asia Pacific
The Asia Pacific aerial work platform market is experiencing a high demand on account of rising urbanization and infrastructure investments. The region held a market share of about 25% in 2021. Various infrastructure projects, such as port development, rail network expansion, and commercial tower constructions, are adding up to the growth for AWPs.
Market leaders gives thumbs up…
Manoj Rawat, Country Manager, Genie India, said, “Genie offers a variety of products that cater to a diverse customer base, including Genie GRTM vertical masts lifts, GSTM scissor lifts, as well as Z® articulated and S® telescopic boom lifts and GTHTM telehandlers. Our product range offers platform heights from 3.80 m (12 ft 5.6 in) up to 55 m (180 ft). All the products being offered in India are manufactured according to rigorous global Genie processes, they comply with the highest safety and quality standards and they are ANSI, CE and UKCA certified, as well as responding to other global industry regulations. However, one of the things that differentiates Genie from other brands is that we offer more than just equipment. Genie is known around the industry for providing exceptional, robust after sales support. This includes high quality training on the safe operation of MEWPs, as well as aftermarket parts and service. Additionally, attractive finance solutions are available to dealers and customers through Terex Finance solutions (TFS).”
Neville Mevawala, Head, Sales & Marketing, Godrej Material Handling, said, “Godrej Material Handling is India’s largest manufacturer of lift trucks and the only Indian company among the top 20 forklift manufacturers in the world. We manufactured our first forklift in India back in 1963 and until now we have manufactured 55,000+ pieces of equipment of varied capacities. We have an unparalleled
Infrastructure that enables us to design, develop and deliver forklifts to cater to our customer’s needs. Our 12,000 Sq. meter plant at Mumbai along with the 10,000 sq. meter plant at Bhiwandi is the biggest forklift manufacturing facility in the country and can deliver 5000+ forklifts a year. Our Intralogistics solutions ensure that the orders of millions of India’s fast-growing online customers are met rapidly, efficiently, and profitably by the new generation of e-commerce companies. We serve diverse sectors from Automobiles, Food and Beverages to Textiles, Paper, Pharmaceuticals, Chemicals, Railways and Defence. We have created bespoke services to adapt our solutions to your unique needs and conditions.
We have more than 40 channel partners across the country to provide solutions to our customers within 24 hours. We hold ISO 9001-2015, ISO 14001-2015 & ISO 45001-2018 quality assurance certificates awarded by TUV Nord.”
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