Boom Trucks Market

Boom Trucks Market By Product Type (Behind the Cab Mount, Rear Mount, Swing Seat), By Application (Infrastructure, Commercial Construction, Power & Utility, Industrial / Petrochemical, Residential), By Lifting Capacity, By Boom length & By Region- Global Market Insights 2019-2027

Analysis of Boom Trucks market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Boom Truck Market Outlook (2019-2027)

The global boom truck market size is estimated to witness a CAGR of 5% during the forecast period (2019–2027) and is poised to reach a valuation of US$ 1.8 billion by 2027, owing to the growing product demand in numerous end-use industries, which is projected to create plentiful opportunities for the global market.

Increasing infrastructure spending in developing countries such as Brazil, China, and India is creating significant market opportunities. The increased demand for boom trucks in the telecommunications and service sectors encourages the growth of the boom truck market. In the power and utility sector, these forms of equipment are primarily being used to develop new projects and replace old plants.

Higher investment in smart city initiatives to upgrade existing infrastructure would result in an increased need for utility vehicles and equipment, which would have a positive impact on the boom truck market growth.

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Infrastructural Possibilities Abound in APAC, an Eye-Catching Trend for Boom Trucks

The Asia-Pacific region is expected to be at the forefront of the global boom trucks market during the forecast period, with well-established public facilities that require constant maintenance. It is expected to grow 1.8x during the forecast period, accumulating an absolute dollar opportunity of over US$ 150 Mn.

Boom Truck Market Size And Forecast

The rapidly developing telecommunications industry creates lucrative opportunities worldwide for the boom trucks market.

New service developments in street lighting, fleet repair, and other maintenance applications will have a significant impact on demand for specialized boom trucks, and this development will be driven in the future by the rising commercial construction and utility sectors. However, stringent pollution and safety regulations could slightly hamper the boom trucks market growth.

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Demand for Boom Trucks Soaring with Rising Popularity of Rental Equipment

Boom trucks are available for rent, which can be used for project deliverables as per demand. This is also expected to lower leasing costs of buying a new truck. Utilization of rental equipment is becoming a popular trend as it provides many advantages.

Rented boom trucks can save costs in a number of areas, including insurance and licensing of government equipment. In addition, providers of global and local rental services provide customer-specific solutions with vital lifting capabilities, working heights, and accessories.

Know thy Competitors

Competitive landscape highlights only certain players
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Leading Boom Truck Market Players Look Overseas For Business Opportunities

The global boom truck market is consolidated in nature with primary competitors such as Altec, Manitex and Terex acquiring the top shares. The market for boom trucks is characterized by intense competition between key market players.

Aichi Corporation has highlighted the sales of high-lift aerial work platforms. They are setting up manufacturing facilities in Japan and other East Asian countries to benefit from economies of scale and grow their global market share.

Leading players have channelized efforts in launching products with special features to maintain heightened demand for boom trucks. Some of the key developments in the market are:

  • In 2019, Manitex International announced the addition of Wyoming Machinery Company and MADISA group to its boom truck crane distribution network
  • In 2019, Altec Introduced its 53-feet Boom Truck Crane with a 60,000-pound maximum lift capacity

Competitors involved in the boom trucks market are also increasingly focusing on providing complete lifecycle support for each piece of equipment to optimize output and gain returns on investment.

Global Boom Trucks Market: In-Depth Assessment on Key Segments

The global boom trucks market is segmented on the basis of product type, lifting capacity, boom length and region.

Product Type

  • Behind the Cab Mount
  • Rear Mount
  • Swing Seat

Lifting Capacity

  • Less than 10 Metric Tons
  • 10 – 20 Metric Tons
  • 21 – 30 Metric Tons
  • 31 – 40 Metric Tons
  • 41 – 50 Metric Tons
  • More than 50 Metric Tons

Boom length

  • Less than 20 m
  • 20-30 m
  • 31-40 m
  • More than 40 m

Application

  • Infrastructure
  • Commercial Construction
  • Power & Utility
  • Industrial / Petrochemical
  • Residential

Region

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA


Country-specific assessment on demand for boom 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 boom 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.

- FAQs -

What is the valuation expected by Boom Trucks Market during the forecast year?

The global boom trucks market is estimated to witness a moderate CAGR of 5% during the forecast period (2019-2027) and poised to reach a valuation of US$ 1.8 Billion in 2027.

Who are the prominent market players of boom trucks market?

The global boom trucks market is consolidated in nature with primary competitors such as Altec, Manitex and Terex acquiring the top shares.

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