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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 the benefits offered by efficient powered lifting equipment, the global demand for boom trucks is presumed to witness strong growth during the forecast period of 2017–2025. The growing need to meet the housing demands of a huge population has triggered government and private investments in the construction and real estate sectors, which, in turn, is further favoring 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 fueling the market growth. The ease of operation, the mobility offered, and the 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 with needs for 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 truck industry along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on application, product type, and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2015 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights into the key trends followed in the market.

The report also includes competitive profiling of the leading boom truck manufacturers, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers. 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 is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.

The global boom truck market is classified into the following categories:

By Product Type

  • Boom truck cranes
  • Fixed Cab
  • Swing Cab
  • Bucket boom trucks

By Application

  • Construction and earthmoving
  • Utilities
  • Transportation and Logistics
  • Oil and 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 that will justify the upcoming attractive markets in the global boom trucking industry
  • Comparative analysis for different segments for the years 2016 and 2025
  • Market fuelers, market impediments, and their impact on 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 truck 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 truck market is categorized into the following segments:

  • Earth Moving and Construction
  • Transportation and Logistics
  • Utilities
  • Oil and Gas
  • Telecommunication
  • Others (Tree Care/Forestry, for example)

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

On the basis of geography, the global boom trucks market is segmented into the 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 shown in the figure below.

In the current scenario, Europe and North America represent two major boom truck markets worldwide. These regions collectively accounted for around two-thirds of the global market revenue in the base year 2016. The combination of a resurgence in the construction industry and strict government regulations and mandates promoting the 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 outlined an economic roadmap involving the rigorous transformation of the infrastructure, which, in turn, is presumed to support demand for boom trucks during the forecast period 2017 – 2025.

Frequently Asked Questions:

The market for Boom Trucks is expected to reach US$ XX Mn in 2025.

The Boom Trucks market is expected to see significant CAGR growth over the coming years,at 4.5%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Altec Inc.,The Manitowoc Company,Manitex International, Inc.,Elliott Equipment Company,Interlake Crane Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2017
Category:  Automotive & Transportation
Report ID:   58755
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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