BRICS Aerial Work Platforms Market 2014-2020 Shares, Trend and Growth Market Research on BRICS Aerial Work Platforms Mar | Page 4

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Description
Report Description
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Some of the underlying drivers of the market are economic growth in developing
countries, growing investments in real estate and infrastructure, developing
telecommunication networks, increase in urbanization, worker safety concerns and
adoption of best practices for efficient and sophisticated construction methods. However,
lack of machine-specific training to engineers and technologicalunawareness and safety
considerations related to lift equipment are the key issues affecting growth of the AWP
market.
The market for AWPs is anticipated to exhibit firm double-digit growth in BRICS countries,
particularly in Brazil and China. Strong residential and commercial construction projects
and increase in public infrastructure spending is anticipated to support phenomenal
growth by 2020. With the increasing investments in the construction industry, India and
China collectively are anticipated to hold a commanding share in the AWP market.
Various government construction projects for the summer Olympics and 2014 FIFA World
Cup have proved to be major drivers of growth in 2014. Furthermore, increase in capital
investment and growth in the mining industry indicates strong growth prospects forthe
AWP market in Brazil.
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