KBS - Access Height and Lifting Solutions - Market Insight

CURRENT LANDSCAPE The global aerial work platform market size was valued at $19.01bn in 2023 and is expected to grow from $20.7bn in 2024 to $40.95bn by 2032, at a CAGR of 8.9% during the forecast period (2025-2032). This growth can mainly be attributed to the rise in the construction industry. Development of infrastructure for homes, offices etc has increased demand for lifting solutions. The practicality and effectiveness of Aerial Work Platforms (AWPs) have been developed thanks to technological developments. Innovative features such as telescopic booms, flexible arms, self-levelling abilities and modern control systems are being incorporated by manufacturers. Private equity and trade buyers are both active in the access, height and lifting solutions sector. Firms are currently aiming to gain a global foothold through international acquisitions, for example Boels Rental’s acquisition of Riwal which merged two of the largest European players. Moreover, in 2025, UK Tool Hire Group acquired Warren Access to broaden its regional reach.

The global aerial work platform market size was valued at $19.01bn in 2023 and is expected to grow from $20.7bn in 2024 to $40.95bn by 2032, at a CAGR of 8.9% during the forecast period (2025-2032).