Continued sector growth forecast
Private equity and trade buyers are showing strong interest in the aerial work platform (AWP) sector, with many firms pursuing international acquisitions to expand their global footprint and capitalise on long-term growth opportunities.
The market was valued at $19.01 billion in 2023 and is projected to increase from $20.7 billion in 2024 to $40.95 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.9% over the 2025–2032 period. This upward trajectory is underpinned by rising demand across the construction industry, particularly for residential, commercial, and infrastructure developments.
Technological innovation continues to drive the sector forward. Manufacturers are incorporating advanced features such as telescopic booms, articulated arms, self-levelling capabilities, and modern control systems, improving both the safety and efficiency of AWPs in a wide range of applications.
OUR SECTOR ACTIVITY
KBS Corporate has a strong track record advising on transactions within the lifting and access solutions sector, supporting both strategic buyers and investors. Recent deals include the sale of Bristol-based Lifting Gear & Safety to Swedish group Axel Johnson International, and UbiQ Group, a Midlands-based access specialist, to British Engineering Services as part of their expanding risk management offering.
Further transactions include the seven-figure sale of Tusk Lifting to First Integrated Solutions, creating a £15m-turnover group operating across five sites, and the sale of Humberside Lifting to industry veterans Malcolm and Ben Bowers. KBS also maintains a highly active buyer network, with nearly 1,500 acquirers and investors registered with us who are specifically seeking opportunities within the industry.
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