Market Overview:
The global portable industrial platforms market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lifting and non-lifting platforms across different industries such as automotive, aerospace, power plants, oil and gas, manufacturing, and others. Additionally, the growing demand for lightweight portable industrial platforms is also contributing to the growth of this market.
Product Definition:
A Portable Industrial Platform is a mobile elevated work platform that provides a safe and stable work surface for workers. The platforms are typically used in industrial or construction settings to provide access to high areas, such as roofs, ceilings, or scaffolding. They can also be used to provide an elevated work surface in tight spaces. Portable Industrial Platforms are important because they allow workers to safely complete tasks that would otherwise be dangerous or difficult.
Liftable Platform:
Liftable platforms are used in the manufacturing industries for various applications such as assembly, testing and inspection, material handling, machine installation and maintenance. These platforms can be lifted by a single worker or multiple workers can use to lift heavy components. The lifting capacity of these platforms depends on their weight which is decided during the designing phase.
Non-lifting Platform:
Non-lifting platforms are used in portable industrial platforms to provide stability and safety during lifting operations. These devices are also known as static baseplates or static positioning devices. They have a large surface area that is placed directly on the floor, which provides better stability for the platform than conventional ones with wheels.
The main function of these products is to position workers.
Application Insights:
The automotive application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for lightweight and compact industrial platforms that offer ease of handling and installation. Portable platforms are used in various automotive applications including engine assembly, body structure, interior components, electronics module mounting & wiring harnessing among others.
Automotive manufacturers are focusing on reducing vehicle weight as it has a significant impact on fuel consumption along with improving performance and accelerating vehicle acceleration time by around 10%. This factor is expected to drive the demand for portable industrial platforms over the forecast period as they have been proven effective in reducing overall vehicle weight while still maintaining structural integrity of vehicles during harsh vibrations or accelerations without affecting platform stability during normal operations.
Aerospace application segment was valued at USD 544 million in 2017 owing to growing use of portable industrial platforms from aircraft manufacturing companies such as Airbus SE., Ltd.
Regional Analysis:
Asia Pacific portable industrial platforms market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing manufacturing activities in this region. In addition, rising investments in new power plants and oil and gas projects are also likely to drive demand for these liftable platforms over the forecast period.
The growing automotive industry in Europe is anticipated to fuel demand for portable industrial platforms across this region during the forecast period. In addition, favorable government regulations aimed at promoting domestic manufacturing activities are further expected to support market growth across Europe during the same period.
In North America, a significant contribution from U.S., Canada as well as Mexico on account of increasing aerospace component production has led North America into being one of largest markets for PIPs globally with a share of more than 25%.
Growth Factors:
- Increasing demand for miniaturization in industrial and electronic products
- Growing trend of Industry 4.0 and the Internet of Things (IoT)
- Proliferation of advanced robotics technologies
- Rising need for energy-efficient and cost-effective manufacturing processes
- Emergence of new applications for portable industrial platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Industrial Platforms Market Research Report
By Type
Liftable Platform, Non-lifting Platform
By Application
Automotive, Aerospace, Power Plants, Oil and Gas, Manufacturing, Others
By Companies
WB Industries, MP Industries, Abtech, MiTek Mezzanine Systems, AK Material Handling Systems, FCP, WB Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Portable Industrial Platforms Market Report Segments:
The global Portable Industrial Platforms market is segmented on the basis of:
Types
Liftable Platform, Non-lifting Platform
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace, Power Plants, Oil and Gas, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WB Industries
- MP Industries
- Abtech
- MiTek Mezzanine Systems
- AK Material Handling Systems
- FCP
- WB Industries
Highlights of The Portable Industrial Platforms Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liftable Platform
- Non-lifting Platform
- By Application:
- Automotive
- Aerospace
- Power Plants
- Oil and Gas
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Portable Industrial Platforms Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Portable industrial platforms are a type of mobile platform that can be moved from one location to another for use in manufacturing or other industrial applications. They typically include features such as a power supply, input and output ports, and an operating system.
Some of the major players in the portable industrial platforms market are WB Industries, MP Industries, Abtech, MiTek Mezzanine Systems, AK Material Handling Systems, FCP, WB Industries.
The portable industrial platforms market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Portable Industrial Platforms Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Portable Industrial Platforms Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable Industrial Platforms Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Portable Industrial Platforms Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Portable Industrial Platforms Market Size & Forecast, 2018-2028
4.5.1 Portable Industrial Platforms Market Size and Y-o-Y Growth
4.5.2 Portable Industrial Platforms Market Absolute $ Opportunity
Chapter 5 Global Portable Industrial Platforms Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Portable Industrial Platforms Market Size Forecast by Type
5.2.1 Liftable Platform
5.2.2 Non-lifting Platform
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Portable Industrial Platforms Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Portable Industrial Platforms Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Power Plants
6.2.4 Oil and Gas
6.2.5 Manufacturing
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Industrial Platforms Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Portable Industrial Platforms Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Portable Industrial Platforms Analysis and Forecast
9.1 Introduction
9.2 North America Portable Industrial Platforms Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Portable Industrial Platforms Market Size Forecast by Type
9.6.1 Liftable Platform
9.6.2 Non-lifting Platform
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Portable Industrial Platforms Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Power Plants
9.10.4 Oil and Gas
9.10.5 Manufacturing
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Portable Industrial Platforms Analysis and Forecast
10.1 Introduction
10.2 Europe Portable Industrial Platforms Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Portable Industrial Platforms Market Size Forecast by Type
10.6.1 Liftable Platform
10.6.2 Non-lifting Platform
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Portable Industrial Platforms Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Power Plants
10.10.4 Oil and Gas
10.10.5 Manufacturing
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Portable Industrial Platforms Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Portable Industrial Platforms Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Portable Industrial Platforms Market Size Forecast by Type
11.6.1 Liftable Platform
11.6.2 Non-lifting Platform
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Portable Industrial Platforms Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Power Plants
11.10.4 Oil and Gas
11.10.5 Manufacturing
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Portable Industrial Platforms Analysis and Forecast
12.1 Introduction
12.2 Latin America Portable Industrial Platforms Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Portable Industrial Platforms Market Size Forecast by Type
12.6.1 Liftable Platform
12.6.2 Non-lifting Platform
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Portable Industrial Platforms Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Power Plants
12.10.4 Oil and Gas
12.10.5 Manufacturing
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Portable Industrial Platforms Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Portable Industrial Platforms Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Portable Industrial Platforms Market Size Forecast by Type
13.6.1 Liftable Platform
13.6.2 Non-lifting Platform
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Portable Industrial Platforms Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Power Plants
13.10.4 Oil and Gas
13.10.5 Manufacturing
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Portable Industrial Platforms Market: Competitive Dashboard
14.2 Global Portable Industrial Platforms Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WB Industries
14.3.2 MP Industries
14.3.3 Abtech
14.3.4 MiTek Mezzanine Systems
14.3.5 AK Material Handling Systems
14.3.6 FCP
14.3.7 WB Industries
