Aerial Work Platforms & Boom Lifts
OEMs manufacturing scissor lifts, articulating boom lifts, and telehandlers.
Market snapshot
These figures describe Lifting & Crane Equipment (5.6.6), the segment that Aerial Work Platforms & Boom Lifts sits within — not Aerial Work Platforms & Boom Lifts on its own.
- Market size
- ~$9B
- Growth
- ~5.4%CAGR (2017–22, nominal)
- Companies
- ~320
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 333923 (overhead traveling crane, hoist & monorail systems).
Business model & economics
Revenue model
Equipment sales plus service, inspection, and modernization
Key economics
- Recurring revenue
- Moderate–High
- EBITDA margin
- Equipment plus rich recurring service
- Capex intensity
- Moderate
recurring service and inspection
Characteristics
- Serves manufacturing and heavy-industry lifting.
- Automation, smart-lifting, and safety key themes.
- Service and modernization attractive recurring revenue.
Geographic concentration
Lifting and crane equipment manufacturing concentrates in Pennsylvania, Kentucky, Oklahoma, and Washington, near heavy-industry and port demand.
U.S. Census Bureau — 2022 County Business Patterns (employment by state), NAICS 333923. Concentration shown by location quotient.
M&A deal context
Who’s acquiring
- Crane & hoist majors
- PE-backed lifting platforms
- Service & component consolidators
What’s driving deals
- Service- and modernization-driven M&A.
- Industrial-automation and safety demand.
- Roll-up of regional crane/hoist makers.
Find Aerial Work Platforms & Boom Lifts acquisition targets
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