Global & China Aerial Work Platform (AWP) Market Size

I. Global Market Size (2024–2025)

2024: Approximately 12.35 billion US dollars (≈ 870 billion RMB)

2025: Approximately 12.1–13.0 billion US dollars (≈ 850–920 billion RMB)

2030–2035 Forecast

2030: About 14.5–16.0 billion US dollars

2035: About 26.65 billion US dollars, with a CAGR of around 8.2%

II. China Market Size (2024–2025)

2024: Approximately 2.24 billion US dollars (≈ 158 billion RMB)

2025

Market scale: About 315 billion RMB (YoY +18.5%)

Equipment inventory: Expected to exceed 900,000 units (525,000 units in 2023)

2026 Forecast: About 372 billion RMB (YoY +18%)

III. Market Segmentation Structure (2025)

By Product Type Proportion

• Scissor Lifts: ~70% (mainstream model, low price & large consumption)
• Articulated & Telescopic Boom Lifts: ~25% (high growth, working height: 16–58 meters)
• Mast Lifts & Others: ~5%

By Application Scenario Proportion

• Building Construction: ~45%
• Industrial Maintenance: ~20%
• New Energy (Wind & PV Power): ~18% (rapid growth)
• Municipal Engineering, Electric Power & Warehousing: ~17%

IV. Core Industry Features

1. Steady global growth: CAGR ranges from 4.4%–8.2%, and the global market is expected to double to 26.65 billion US dollars by 2035.
2. Booming China market: Growth rate is nearly twice the global average; China’s market size exceeded 300 billion RMB in 2025, with equipment inventory nearly doubling within two years.
3. Leasing-driven market penetration: Leasing inventory accounts for over 70% of China’s total stock, lowering user entry barriers and fueling rapid market popularization.