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. They are not figures for Aerial Work Platforms & Boom Lifts on its own.
- Market size
- ~$9B
- Growth
- ~5.4%CAGR (2017–22, nominal)
- Companies
- ~267 firms
49.8% of firms have fewer than 20 employees: 133 micro-businesses, below most mandates.
- 20–99
- 8362%
- 100–499
- 3325%
- 500+
- 1813%
Small, project-driven, and closely tied to industrial construction. Installed base is the asset. Inspection, certification and service on existing cranes recur regardless of new orders, and that aftermarket is what makes these businesses financeable.
NAICS 333923. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.
Business model & economics
Revenue model
Equipment sales plus service, inspection, and modernization
Key economics
- Revenue per firm
- $34,048,839
- Revenue per employee
- $451,863
- Employees per firm
- 75.0
- Recurring revenue
- Moderate–High
- EBITDA margin
- Equipment plus rich recurring service
- Capex intensity
- Moderate
recurring service and inspection
Characteristics
- Scale-driven: payroll is only 14% of revenue, so the cost base is assets, not headcount
- Thin strategic-buyer pool: only 18 firms exceed 500 employees, so exits skew sponsor-to-sponsor
- Serves manufacturing and heavy-industry lifting.
- Automation, smart-lifting, and safety key themes.
- Service and modernization attractive recurring revenue.
NAICS 333923. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.
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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