The global aerial work platform (AWP) truck market is expected to witness significant growth during the forecast period (2020–2027) due to increasing investment in construction and infrastructure projects in Asia Pacific. Investments from government and private sectors are driving the market growth. The Indian government is investing in public transport infrastructure such as airports, railway stations, metro stations, and others. According to the India Brand Equity Foundation (IBEF), in Union Budget 2020-2021, the government allocated US$ 24.27 billion for the development of transport infrastructure. An aerial work platform (AWP) truck is deployed at construction sites to safely and efficiently lift workers and material that is usually at a height. Moreover, the entry of local and well-established construction equipment manufacturers such as SANY Group and XCMG Group, and Zoomlion Heavy Industry Science & Technology Co., Ltd. in China is expected to drive the market growth during the forecast period. For instance, in October 2018, Zoomlion Heavy Industry Science&Technology Co., Ltd. launched eight aerial work platforms to ensure safety of users. Leading players operating in this region are investing in research and development of products to enhance worker safety and lifting capabilities. Local players are focusing on providing product quality and innovations to expand their customer base.
The major factor restraining the growth of the global aerial work platform (AWP) truck market is high maintenance costs. Aerial work platform (AWP) is used in logistics, transportation, and has other applications which require high maintenance costs.  Thus it becomes difficult for companies to invest in aerial work platform (AWP) trucks due to high capital spending.

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Aerial Work Platform (AWP) Truck Market - Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic is expected to slow down the growth of the market during the forecast period. Several industries have experienced a shift in their businesses due to the pandemic. Several governments across the globe have imposed lockdowns to contain the spread of the coronavirus which has impacted growth of the oil industry. Many oil production companies have suspended their operations temporarily. Countries are facing huge challenges as price of oil has fallen in international market and countries across the globe have reduced the import of crude oil. Aerial work platform (AWP) trucks are used in the oil industry to replace ladder and scaffolding to enhance safety in the workplace. The growth of the global oil industry has been hampered due to pandemic and has also hampered demand for aerial work platform (AWP) trucks. Moreover, unavailability of labor and issues in the transportation of goods have restricted demand for aerial work platform trucks in construction industry. For instance, in March 2020, 140 million migrant people migrated to their native towns from cities in India.

Asia Pacific is expected to exhibit highest growth during the forecast period owing to the growing construction sector and investments in domestic and commercial sectors. Countries such as China and India invested huge amount on road construction and infrastructure. For instance, according to the IBEF, the investment on highway constructions increased to US$ 22.73 billion in 2018-2019 from US$ 7.43 billion in 2014-2015. Demand for aerial work platform truck is increasing in Japan due to increasing infrastructure projects. For instance, in June 2019, according to Coherent Market Insight analysis, Japan invested US$ 367 billion in Southeast Asia infrastructure projects.
On the basis of application, the construction segment is expected to hold dominant position in the global aerial work platform (AWP) truck market during the forecast period due to the increasing demand for aerial work platform trucks in the construction sector. They are used to lift equipment or people to the inaccessible areas. The increasing construction activities in countries such as India, China, Japan and rising investment in real estate by private manufacturers is driving the market growth. For instance, according to the IBEF, the real estate sector in India is expected to reach US$ 1 trillion by 2030 from US$ 120 billion in 2017.
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