Boom Trucks Market By Application (Construction & Earth Moving, Transportation & Logistics, Utilities, Oil & Gas, Telecommunication) - Growth, Future Prospects & Competitive Analysis, 2017- 2025

With the growing awareness regarding workplace safety and benefits offered by efficient powered lifting equipment, the global demand for boom trucks is presumed to witness strong growth during the forecast period 2017 – 2025. The growing need of meeting housing demands of huge population has triggered government and private investments in the construction and real estate sector, which, in turn is further favouring market demand. The growing demand for boom lifts to lift workers and equipment during the construction process and for repair and maintenance is also further fuelling market growth. The ease of operation, mobility offered, and safety provided by boom trucks have made them ideal solutions for infrastructure development, maintenance and repair activities. In view of growing competition from rental service providers, OEMs across the globe are targeting industrial and infrastructure projects having needs of quality maintenance through customized equipment offerings.

The research study titled “Global Boom Trucks Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global boom trucks industry along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on application, product type and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2015 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision makers, the report also includes competitive profiling of the leading boom trucks manufacturers, their business strategy analysis, market positioning, and key developments. Some of the major players profiled in the report include Elliott Equipment Company , , Manitex International, Inc., The Manitowoc Company,  Interlake Crane Inc, Ruthmann GmbH & Co KG, Aspen Equipment Company , Able Rigging Contractors Inc., American Construction, and Runnion Equipment Company among others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players.

Boom Trucks Market

The global boom trucks market is classified into following categories:

  • By Product Type
    • Boom Truck Cranes
      • Fixed Cab
      • Swing Cab
    • Bucket Boom Trucks
  • By Application
    • Construction & Earthmoving
    • Utilities
    • Transportation & Logistics
    • Oil & Gas
    • Telecommunication
    • Others (Forestry, etc.)
  • By Region
    • North America
      • The United States
      • Rest of North America
    • Europe
      • The United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific (APAC)
      • India
      • China
      • Japan
      • Rest of APAC
    • Rest of the World
      • Latin America
      • Middle East and Africa

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the global boom trucking industry
  • Comparative analysis for different segments for the years 2016 & 2025
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
  • Trailing 2-Year market size data (2015 – 2016)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global boom trucks market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

On the basis of application, the global boom trucks market is categorized into following segments:

  • Construction & Earth Moving
  • Transportation & Logistics
  • Utilities
  • Oil & Gas
  • Telecommunication
  • Others (Tree Care/Forestry, etc.)

The contribution of these application segments to the global boom trucks market between in 2016 and 2025 is as shown in the figure below

Boom Trucks Market

In the base year 2016, the construction & earth moving segment dominated global boom trucks market. The segment accounted for over 30% of the global boom trucks market revenue in the same year. The trend shall prolong and the segment is presumed to retain its leading position throughout the forecast period 2017 -2025. The anticipated steady growth in construction activities during the forecast period, especially in emerging economies along with the infrastructure transformation are anticipated to drive demand for boom trucks in the construction and earthmoving segment. The transformation of infrastructure is also presumed to increase repair and maintenance activities of high tension power lines, street lights, transformers, and fire-fighting stations among others, driving use of boom trucks in the utility segment.

On the basis of geography, the global boom trucks market is segmented into following regions and countries.

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global boom trucks market in the base year 2016 is as shown in the figure below.

Boom Trucks Market

In the current scenario, Europe and North America represents two major boom trucks market worldwide. These regions collectively accounted for around two-third of the global market revenue in the base year 2016. The combination of resurgence in the construction industry and strict government regulations and mandates promoting use of vehicles for lifting and loading applications across varied end-use verticals is driving demand for boom trucks in these regions. Growing preference for vehicle-mounted bucket boom trucks, especially across utility and telecommunications end-use segments bodes well for market growth in these regions. On the other hand, Asia Pacific is presumed to witness strong growth during the forecast growth. The governments of several countries in the region have has outlined an economic roadmap involving rigorous transformation of the infrastructure, which, in turn is presumed to support demand for boom trucks during the forecast period 2017 – 2025.

 

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Published Date:  Oct 2017
Category:  Automotive & Transportation
Report ID:   58755
Report Format:   PDF
Pages:   120
Rating:    4.4 (55)
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