Bucket Trucks Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

Published on : Jan-2020 | List of Tables : 122 | List of Figures : 104 | No. of Pages : 170 | Report Code : FACT4442MR | Format :

Breakthroughs in Several Utility Sectors Proliferating Demand for Bucket Trucks

The global market for bucket trucks is estimated to witness a moderate CAGR of over 4% during the forecast period (2019-2027), poised to surpass a valuation of US$ 1.5 Bn by 2027. Bucket trucks are witnessing high adoption rate among various end use industries such as manufacturing, construction and utility. Rising demand for electricity and increasing infrastructure spending in developing countries like India, China, and Brazil is anticipated to create significant market opportunities for key manufacturers in the global bucket trucks market. Smart grid initiatives to upgrade existing infrastructure would result in increased need for utility vehicles and equipment, which will have a positive impact on the growth of the bucket trucks market.

Hybrid Bucket Trucks to Garner 2/5th Market Share

Recently, due to the rising fuel costs, primary competitors are shifting from the customary bucket truck by adding an electric motor to the equation, giving birth to hybrid bucket trucks. The demand for hybrid bucket trucks is expected to grow 1.6x during the forecast period at a CAGR of over 5%. The influence of hybrid bucket trucks to provide a competitive edge is being carefully considered by many industries. Green fuel technology and powerful aerial lifting devices are becoming more popular due to their leverage over traditional technology, particularly in terms of fuel efficiency. While hybrid bucket trucks are beginning to pop up in larger utility fleets and at national utility conferences, many utilities are taking a strong cautionary approach against hybrid trucks.

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Europe to Retain Dominance as the Building and Construction Sector Grows

The bucket trucks market in Europe will be the highly lucrative region, amassing an absolute dollar opportunity of over US$ 90 Mn over the forecast period (2019-2027). In addition, the involvement of several leasing companies such as the Haulotte Group supports Europe's regional market. The bucket trucks market is extremely price-sensitive and manufacturers are continuously offering goods with competitive pricing. France is one of the key countries to experience stable growth in the bucket truck market in Europe.

Competitors Focusing on High-Reach Equipment Production to Increase Profit

The global bucket trucks market is consolidated in nature with primary competitors such as Altec, Versalift and Terex acquiring the maximum share in the market. The global market for bucket trucks is characterized by intense competition between key market players. Emerging players are collaborating with rental companies and are organizing off-road sporting events to capture high-potential markets. Some of the key developments in the global bucket trucks market are:

  • In 2019, Tadano Ltd. completed its purchase of Demag Mobile Cranes for US $215 million. The deal brings together two of the lifting equipment industry's top names – both well-known for health, durability, creativity, and performance.
  • In 2018, Versalift joined hands with Xuji Electric, a subsidiary of the State Electric Grid of China to work together to establish an independent aerial lift factory in China to produce and assemble bucket trucks for shipment across the Chinese market.

In addition, businesses are increasingly focused on providing complete lifecycle support for each equipment to maximize performance and gain investment returns.

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Global Bucket Trucks Market – Scope of the Report

The following report provides forecast and analysis of the global bucket trucks market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Units), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global bucket trucks market along with several macro-economic indicators. This newly published and insightful report on bucket trucks sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global bucket trucks market.

The report also comprises the study of current issues with end users and opportunities for bucket trucks. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of bucket trucks manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the bucket trucks market provided in the report adds to the credibility of this exhaustive research study.

Global Bucket trucks Market: In-Depth Assessment on Key Segments

The global bucket trucks market is segmented on the basis of type, model, insulation type, lifting capacity and region.

Type 

Model

Insulation Type

Lifting Capacity

Region

Articulated

Standard

Insulated

Less than 500 Kg

North America

Telescopic

Hybrid

Non-Insulated

500 – 1000 Kg

Latin America

 

 

 

More than 1000 Kg

Europe

 

 

 

 

APAC

 

 

 

 

MEA


Country-specific assessment on demand for bucket trucks has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous bucket trucks manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major competitors operating in the bucket trucks market are Versalift Corporation, Terex Corporation, Altec Industries, Manitex International Inc., Tadano Ltd, Axion AG and others.

Global Bucket trucks Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the bucket trucks market.

Request research methodology of this report.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the bucket trucks market, which includes global GDP growth rate, various industries growth rate, such as the power and utilities sector. This report serves as an authentic resource of intelligence on the bucket trucks market, enabling the readers to take fact-based decisions on the future direction of their businesses.

1. Global Bucket Trucks Market - Executive Summary

    1.1. Summary of Key Findings

    1.2. Summary of Key Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Opportunity Assessment

    1.5. Fact.MR Analysis and Recommendations

2. Global Bucket Trucks Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends 

    3.1. Key Trends Impacting the Market

        3.1.1. Increased Utilization in Utility and Telecom sectors 

        3.1.2. Players Focusing on High-Reach Equipment Production

        3.1.3. Growing Number of Construction Projects Facilitating Demand

        3.1.4. Higher Capital Investments 

    3.2. Mega Trends

        3.2.1. OEMs Concentrating on Fuel Saving

        3.2.2. Demand for Used and Leased Bucket Trucks

4. Market Background 

    4.1. Aerial Work Platforms Industry Outlook

        4.1.1. By Regions

        4.1.2. By End Use Industry

            4.1.2.1. Building & Construction 

            4.1.2.2. Telecommunications 

            4.1.2.3. Electric Utilities & Power Distribution

            4.1.2.4. Forestry & Tree Care 

            4.1.2.5. Others 

    4.2. List of Prominent Rental Companies

    4.3. Porter’s Five Factors Analysis

    4.4. Cost Structure Analysis

    4.5. Investment Feasibility Matrix Analysis

    4.6. Market White Space Assessment and Opportunity Analysis

    4.7. Recent Industry Developments

        4.7.1. Investments 

        4.7.2. Expansions 

        4.7.3. Other Notable Developments 

    4.8. Macro-Economic Indicators – Relevance & Impact 

        4.8.1. Global GDP Growth Outlook 

        4.8.2. Global Building & Construction Sector GVA and Growth Outlook 

        4.8.3. Global Electrical & Electronics Sector Growth Outlook

        4.8.4. Global Automotive Sector Growth Outlook 

        4.8.5. Top Players Historical Growth Rate

        4.8.6. Other Factors 

    4.9. Value Chain Analysis 

        4.9.1. List of Manufacturers

        4.9.2. List of Key Channel Partners

        4.9.3. Operating Margins

    4.10. Market Dynamics

        4.10.1. Key Drivers

        4.10.2. Market Challenges

        4.10.3. Opportunity Analysis

    4.11. Key Success Factors

5. Global Bucket Trucks Market Size (US$ Mn) & Volume (Units) and Forecast, 2013-2027

    5.1. Historical Market Value (US$ Mn) & Volume (Units) Analysis, 2013-2018

    5.2. Current and Future Market Value (US$ Mn) & Volume (Units) Projections, 2019-2027

    5.3. Y-o-Y Growth Trend Analysis

6. Global Bucket Trucks Market Pricing Analysis

    6.1. Price Point Assessment by Region, 2018

    6.2. Price Point Assessment by Lifting Capacity, 2018

    6.3. Pricing Evolution till 2027

    6.4. Factors Influencing Pricing

7. Global Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis and Forecast 2013-2027

    7.1. Global Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Type 

        7.1.1. Articulated 

        7.1.2. Telescopic 

    7.2. Global Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Model

        7.2.1. Standard 

        7.2.2. Hybrid 

    7.3. Global Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Lifting Capacity

        7.3.1. Less than 500 Kg 

        7.3.2. 500 – 1000 Kg

        7.3.3. More than 1000 Kg

    7.4. Global Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Insulation Type

        7.4.1. Insulated 

        7.4.2. Non-Insulated 

    7.5. Global Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Region

        7.5.1. North America

        7.5.2. Latin America

        7.5.3. Europe

        7.5.4. APAC 

        7.5.5. MEA 

8. North America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis and Forecast 2013-2027

    8.1. North America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Country

        8.1.1. U.S.

        8.1.2. Canada

    8.2. North America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Type 

        8.2.1. Articulated 

        8.2.2. Telescopic 

    8.3. North America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Model

        8.3.1. Standard 

        8.3.2. Hybrid 

    8.4. North America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Lifting Capacity

        8.4.1. Less than 500 Kg 

        8.4.2. 500 – 1000 Kg

        8.4.3. More than 1000 Kg

    8.5. North America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Insulation Type

        8.5.1. Insulated  

        8.5.2. Non-Insulated

9. Latin America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis and Forecast 2013-2027

    9.1. Latin America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Country

        9.1.1. Brazil

        9.1.2. Mexico

        9.1.3. Argentina 

        9.1.4. Rest of Latin America

    9.2. Latin America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Type 

        9.2.1. Articulated 

        9.2.2. Telescopic 

    9.3. Latin America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Model

        9.3.1. Standard 

        9.3.2. Hybrid 

    9.4. Latin America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Lifting Capacity

        9.4.1. Less than 500 Kg 

        9.4.2. 500 – 1000 Kg

        9.4.3. More than 1000 Kg

    9.5. Latin America Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Insulation Type

        9.5.1. Insulated  

        9.5.2. Non-Insulated

10. Europe Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis and Forecast 2013-2027

    10.1. Europe Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Country

        10.1.1. EU-5

        10.1.2. Benelux 

        10.1.3. Nordics 

        10.1.4. Eastern Europe 

        10.1.5. Rest of Europe 

    10.2. Europe Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Type 

        10.2.1. Articulated 

        10.2.2. Telescopic 

    10.3. Europe Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Model

        10.3.1. Standard 

        10.3.2. Hybrid 

    10.4. Europe Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Lifting Capacity

        10.4.1. Less than 500 Kg 

        10.4.2. 500 – 1000 Kg

        10.4.3. More than 1000 Kg

    10.5. Europe Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Insulation Type

        10.5.1. Insulated  

        10.5.2. Non-Insulated

11. APAC Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis and Forecast 2013-2027

    11.1. APAC Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Country

        11.1.1. Greater China 

        11.1.2. India 

        11.1.3. Japan 

        11.1.4. ASEAN Countries 

        11.1.5. Australia & New Zealand 

        11.1.6. Rest of APAC

    11.2. APAC Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Type 

        11.2.1. Articulated 

        11.2.2. Telescopic 

    11.3. APAC Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Model

        11.3.1. Standard 

        11.3.2. Hybrid 

    11.4. APAC Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Lifting Capacity

        11.4.1. Less than 500 Kg 

        11.4.2. 500 – 1000 Kg

        11.4.3. More than 1000 Kg

    11.5. APAC Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Insulation Type

        11.5.1. Insulated  

        11.5.2. Non-Insulated

12. MEA Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis and Forecast 2013-2027

    12.1. MEA Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Country

        12.1.1. GCC Countries 

        12.1.2. Turkey 

        12.1.3. South Africa 

        12.1.4. Israel 

        12.1.5. Rest of MEA 

    12.2. MEA Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Type 

        12.2.1. Articulated 

        12.2.2. Telescopic 

    12.3. MEA Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Model

        12.3.1. Standard 

        12.3.2. Hybrid 

    12.4. MEA Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Lifting Capacity

        12.4.1. Less than 500 Kg 

        12.4.2. 500 – 1000 Kg

        12.4.3. More than 1000 Kg

    12.5. MEA Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Insulation Type

        12.5.1. Insulated  

        12.5.2. Non-Insulated

13. Global Bucket Trucks Market – Emerging Countries Analysis 

    13.1. Market Proportion Analysis, By Key Countries

    13.2. Global Vs. Country Growth Comparison

    13.3. China Bucket Trucks Market Analysis and Forecast

        13.3.1. China Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Type 

            13.3.1.1. Articulated 

            13.3.1.2. Telescopic 

        13.3.2. China Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Model

            13.3.2.1. Standard 

            13.3.2.2. Hybrid 

        13.3.3. China Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Lifting Capacity

            13.3.3.1. Less than 500 Kg 

            13.3.3.2. 500 – 1000 Kg

            13.3.3.3. More than 1000 Kg 

        13.3.4. China Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Insulation Type

            13.3.4.1. Insulated  

            13.3.4.2. Non-Insulated

    13.4. India Bucket Trucks Market Analysis and Forecast

        13.4.1. India Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Type 

            13.4.1.1. Articulated 

            13.4.1.2. Telescopic 

        13.4.2. India Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Model

            13.4.2.1. Standard 

            13.4.2.2. Hybrid 

        13.4.3. India Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Lifting Capacity

            13.4.3.1. Less than 500 Kg 

            13.4.3.2. 500 – 1000 Kg

            13.4.3.3. More than 1000 Kg

        13.4.4. India Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Insulation Type

            13.4.4.1. Insulated  

            13.4.4.2. Non-Insulated

    13.5. Mexico Bucket Trucks Market Analysis and Forecast

        13.5.1. Mexico Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Type 

            13.5.1.1. Articulated 

            13.5.1.2. Telescopic 

        13.5.2. Mexico Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Model

            13.5.2.1. Standard 

            13.5.2.2. Hybrid 

        13.5.3. Mexico Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Lifting Capacity

            13.5.3.1. Less than 500 Kg 

            13.5.3.2. 500 – 1000 Kg

            13.5.3.3. More than 1000 Kg

        13.5.4. Mexico Bucket Trucks Market Value (US$ Mn) & Volume (Units) Analysis 2013-2018 and Forecast 2019-2027, by Insulation Type

            13.5.4.1. Insulated  

            13.5.4.2. Non-Insulated

14. Competitive Assessment

    14.1. Global Bucket Trucks Market Structure

    14.2. Global Bucket Trucks Competitor Market Footprint Matrix

    14.3. Global Bucket Trucks Market Competition - A Dashboard View

    14.4. Global Bucket Trucks Market Company Share Analysis

    14.5. Key Participants Market Presence (Intensity Mapping) by Region

15. Company Profiles

    15.1. Versalift Corporation 

        15.1.1. Company Overview 

        15.1.2. Competition Standpoint 

        15.1.3. Product Overview 

        15.1.4. Key Financials

        15.1.5. Analyst Comments 

    15.2. Terex Corporation

        15.2.1. Company Overview 

        15.2.2. Competition Standpoint 

        15.2.3. Product Overview 

        15.2.4. Key Financials

        15.2.5. Analyst Comments 

    15.3. Altec Industries 

        15.3.1. Company Overview 

        15.3.2. Competition Standpoint 

        15.3.3. Product Overview 

        15.3.4. Key Financials 

        15.3.5. Analyst Comments 

    15.4. Manitex International, Inc. 

        15.4.1. Company Overview

        15.4.2. Competition Standpoint 

        15.4.3. Product Overview 

        15.4.4. Key Financials 

        15.4.5. Analyst Comments 

    15.5. Tadano Ltd

        15.5.1. Company Overview 

        15.5.2. Competition Standpoint 

        15.5.3. Product Overview 

        15.5.4. Key Financials 

        15.5.5. Analyst Comments

    15.6. Duralift, Inc. 

        15.6.1. Company Overview 

        15.6.2. Competition Standpoint 

        15.6.3. Product Overview 

        15.6.4. Key Financials 

        15.6.5. Analyst Comments  

    15.7. Palfinger AG 

        15.7.1. Company Overview 

        15.7.2. Competition Standpoint 

        15.7.3. Product Overview 

        15.7.4. Key Financials 

        15.7.5. Analyst Comments 

    15.8. AICHI Corporation

        15.8.1. Company Overview 

        15.8.2. Competition Standpoint 

        15.8.3. Product Overview 

        15.8.4. Key Financials 

        15.8.5. Analyst Comments  

    15.9. CTE Group

        15.9.1. Company Overview 

        15.9.2. Competition Standpoint 

        15.9.3. Product Overview 

        15.9.4. Key Financials 

        15.9.5. Analyst Comments 

    15.10. Socage S.R.L.

        15.10.1. Company Overview 

        15.10.2. Competition Standpoint 

        15.10.3. Product Overview 

        15.10.4. Key Financials 

        15.10.5. Analyst Comments  

16. Fact.MR Research Methodology 

17. Disclaimer & Contact Information

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Bucket Trucks Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027