Boom Trucks Market Size, Share, Trends, Growth Outlook

Boom Trucks Market is estimated to increase at a growth rate of 5.8% CAGR over the forecast period from 2024 to 2030.

The global Boom Trucks Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Below 10 Metric Tons, 10 to 20 Metric Tons, 20 to 30 Metric Tons, 30 to 40 Metric Tons, 40 to Metric Tons, Above 50 Metric Tons), By Application (Rental, Construction, Utility, Telecommunication), By Class (Class 4, Class 5, Class 6, Class 7, Class 8).

An Introduction to Global Boom Trucks Market, 2024

The boom trucks market in 2024 serves industries requiring versatile lifting and material handling solutions, offering a range of trucks equipped with hydraulic booms for lifting heavy loads to heights and distances unreachable by conventional equipment. Boom trucks, also known as bucket trucks or cherry pickers, find applications in construction, utility maintenance, forestry, telecommunications, and other sectors requiring elevated work platforms. With the increasing demand for infrastructure development, urbanization, and maintenance activities, the need for efficient and flexible lifting solutions continues to grow. Manufacturers in this market focus on developing boom trucks that offer robust construction, precise control, and safety features to ensure reliable performance in demanding work environments. Moreover, as industries adopt advanced technologies such as telematics and remote operation, boom trucks integrate features such as load sensing, stability control, and remote monitoring to enhance productivity and safety for operators. With a strong emphasis on versatility, efficiency, and safety, the boom trucks market enables industries to tackle a wide range of lifting and access challenges, contributing to improved productivity and operational excellence.

Boom Trucks Competitive Landscape

The global Boom Trucks market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Boom Trucks Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Boom Trucks Market Industry include- Aichi Corp, Altec Industries Inc, Bronto Skylift Inc, Dur-A-Lift Inc, Elliott Equipment Co., Henan Symmen Machinery Co. Ltd, Link-Belt Cranes, Load King LLC, Manitex Inc, Palfinger AG, The Manitowoc Company Inc.

Boom Trucks Market Trend: Adoption of Telematics and IoT Integration

A prominent trend in the Boom Trucks market is the adoption of telematics and Internet of Things (IoT) integration. With increasing emphasis on efficiency, safety, and fleet management, there's a growing demand for boom trucks equipped with telematics systems and IoT sensors. These technologies enable remote monitoring of equipment health, real-time tracking of vehicle location and performance, predictive maintenance scheduling, and data-driven decision-making for fleet operators. Manufacturers are responding to this trend by incorporating telematics and IoT capabilities into boom trucks, offering fleet managers greater visibility and control over their assets, optimizing operations, and improving overall productivity. This trend reflects a broader industry shift towards digitization and connectivity in the construction and logistics sectors, driving market growth and opportunities for boom truck manufacturers to provide value-added solutions.

Boom Trucks Market Driver: Expansion of Construction and Infrastructure Projects

The primary driver propelling the growth of the Boom Trucks market is the expansion of construction and infrastructure projects worldwide. With urbanization, population growth, and economic development driving demand for new buildings, roads, bridges, and utilities, there's an increasing need for versatile and efficient lifting equipment such as boom trucks. These vehicles play a critical role in construction, maintenance, and material handling tasks, offering flexibility, mobility, and reach to access elevated work areas and transport heavy loads. Additionally, the rise of infrastructure investment initiatives, such as government stimulus packages and public-private partnerships, further fuels demand for boom trucks as essential tools for completing projects safely and efficiently. As construction activity continues to grow globally, the market for boom trucks is expected to experience sustained growth, presenting opportunities for manufacturers to expand their customer base and market presence.

Boom Trucks Market Opportunity: Development of Advanced Safety Features and Operator Assistance Systems

An Market Opportunity ripe for exploration within the Boom Trucks market is the development of advanced safety features and operator assistance systems. With a focus on reducing accidents, improving operator efficiency, and enhancing worksite safety, there's a growing demand for boom trucks equipped with advanced safety technologies. Manufacturers can capitalize on this Market Opportunity by integrating features such as collision avoidance systems, blind-spot monitoring, automatic emergency braking, and intelligent load monitoring into boom trucks, helping to prevent accidents and minimize risks during operation. Additionally, there's potential to develop operator assistance systems, such as semi-autonomous controls, remote operation capabilities, and augmented reality interfaces, to improve operator productivity, precision, and situational awareness while operating boom trucks. By investing in research and development of advanced safety features and operator assistance systems, manufacturers can differentiate their products, address customer concerns about safety and efficiency, and maintain a competitive edge in the booming boom truck market.

Boom Trucks Market Segmentation

By Type
Below 10 Metric Tons
10 to 20 Metric Tons
20 to 30 Metric Tons
30 to 40 Metric Tons
40 to Metric Tons
Above 50 Metric Tons
By Application
Rental
Construction
Utility
Telecommunication
By Class
Class 4
Class 5
Class 6
Class 7
Class 8Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Boom Trucks Companies

Aichi Corp
Altec Industries Inc
Bronto Skylift Inc
Dur-A-Lift Inc
Elliott Equipment Co.
Henan Symmen Machinery Co. Ltd
Link-Belt Cranes
Load King LLC
Manitex Inc
Palfinger AG
The Manitowoc Company Inc
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Boom Trucks Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Boom Trucks Market Size Outlook, $ Million, 2021 to 2030
3.2 Boom Trucks Market Outlook by Type, $ Million, 2021 to 2030
3.3 Boom Trucks Market Outlook by Product, $ Million, 2021 to 2030
3.4 Boom Trucks Market Outlook by Application, $ Million, 2021 to 2030
3.5 Boom Trucks Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Boom Trucks Industry
4.2 Key Market Trends in Boom Trucks Industry
4.3 Potential Opportunities in Boom Trucks Industry
4.4 Key Challenges in Boom Trucks Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Boom Trucks Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Boom Trucks Market Outlook by Segments
7.1 Boom Trucks Market Outlook by Segments, $ Million, 2021- 2030
By Type
Below 10 Metric Tons
10 to 20 Metric Tons
20 to 30 Metric Tons
30 to 40 Metric Tons
40 to Metric Tons
Above 50 Metric Tons
By Application
Rental
Construction
Utility
Telecommunication
By Class
Class 4
Class 5
Class 6
Class 7
Class 8

8 North America Boom Trucks Market Analysis and Outlook To 2030
8.1 Introduction to North America Boom Trucks Markets in 2024
8.2 North America Boom Trucks Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Boom Trucks Market size Outlook by Segments, 2021-2030
By Type
Below 10 Metric Tons
10 to 20 Metric Tons
20 to 30 Metric Tons
30 to 40 Metric Tons
40 to Metric Tons
Above 50 Metric Tons
By Application
Rental
Construction
Utility
Telecommunication
By Class
Class 4
Class 5
Class 6
Class 7
Class 8

9 Europe Boom Trucks Market Analysis and Outlook To 2030
9.1 Introduction to Europe Boom Trucks Markets in 2024
9.2 Europe Boom Trucks Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Boom Trucks Market Size Outlook by Segments, 2021-2030
By Type
Below 10 Metric Tons
10 to 20 Metric Tons
20 to 30 Metric Tons
30 to 40 Metric Tons
40 to Metric Tons
Above 50 Metric Tons
By Application
Rental
Construction
Utility
Telecommunication
By Class
Class 4
Class 5
Class 6
Class 7
Class 8

10 Asia Pacific Boom Trucks Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Boom Trucks Markets in 2024
10.2 Asia Pacific Boom Trucks Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Boom Trucks Market size Outlook by Segments, 2021-2030
By Type
Below 10 Metric Tons
10 to 20 Metric Tons
20 to 30 Metric Tons
30 to 40 Metric Tons
40 to Metric Tons
Above 50 Metric Tons
By Application
Rental
Construction
Utility
Telecommunication
By Class
Class 4
Class 5
Class 6
Class 7
Class 8

11 South America Boom Trucks Market Analysis and Outlook To 2030
11.1 Introduction to South America Boom Trucks Markets in 2024
11.2 South America Boom Trucks Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Boom Trucks Market size Outlook by Segments, 2021-2030
By Type
Below 10 Metric Tons
10 to 20 Metric Tons
20 to 30 Metric Tons
30 to 40 Metric Tons
40 to Metric Tons
Above 50 Metric Tons
By Application
Rental
Construction
Utility
Telecommunication
By Class
Class 4
Class 5
Class 6
Class 7
Class 8

12 Middle East and Africa Boom Trucks Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Boom Trucks Markets in 2024
12.2 Middle East and Africa Boom Trucks Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Boom Trucks Market size Outlook by Segments, 2021-2030
By Type
Below 10 Metric Tons
10 to 20 Metric Tons
20 to 30 Metric Tons
30 to 40 Metric Tons
40 to Metric Tons
Above 50 Metric Tons
By Application
Rental
Construction
Utility
Telecommunication
By Class
Class 4
Class 5
Class 6
Class 7
Class 8

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Aichi Corp
Altec Industries Inc
Bronto Skylift Inc
Dur-A-Lift Inc
Elliott Equipment Co.
Henan Symmen Machinery Co. Ltd
Link-Belt Cranes
Load King LLC
Manitex Inc
Palfinger AG
The Manitowoc Company Inc

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Below 10 Metric Tons
10 to 20 Metric Tons
20 to 30 Metric Tons
30 to 40 Metric Tons
40 to Metric Tons
Above 50 Metric Tons
By Application
Rental
Construction
Utility
Telecommunication
By Class
Class 4
Class 5
Class 6
Class 7
Class 8