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Global Boom Trucks Market: By Product Type: Crane, Bucket; By Vehicle Class: Class 4,Class 5, Class 6, Class 7, Class 8; By Application: Construction, Logistics, Utilities, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Boom Trucks Market Outlook

The global boom trucks market is anticipated to grow in the forecast period of 2021-2026 at a CAGR of 5%.

 

Thriving Crane Market to Augment the Boom Trucks Industry Growth

On the basis of product type, cranes account for a significant share in the global boom trucks industry owing to their rising demand in heavy modernisation and upgradation of infrastructure across the continents. Meanwhile, the demand for boom trucks in the construction sector is significant and the rising infrastructural investments are anticipated to propel the market growth in the forecast period. Also, the construction sector accounts for the largest revenue share in the industry and is expected to witness a steady growth in the forecast period.

 

Global Boom Trucks Market

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The Asia Pacific to Boost the Growth of the Boom Trucks Industry

Geographically, the Asia Pacific accounts for the largest share in the market and is expected to retain its dominance in the forecast period. This can be attributed to the on-going construction activities in emerging economies like India, China, and Philippines. Meanwhile, the resurgence of infrastructure projects in Europe is anticipated to provide ample growth opportunities to the global boom trucks industry in the forecast period.

 

Boom Truck: Industry Definition and Segmentation

A boom truck can be defined as a carrier truck having a telescopic boom over its frame. The truck usually moves where its telescopic unit, that is, a man lift will be used. The product is used for municipal duties, construction, developing roads, and others.

 

Global Boom Trucks Market by Vehicle Class

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By product type, the market is divided into:

  • Crane
  • Bucket

Based on vehicle class, the industry can be segmented into:

  • Class 4
  • Class 5
  • Class 6
  • Class 7
  • Class 8

Based on application, the industry can be segmented into:

  • Construction
  • Logistics
  • Utilities
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Boom Trucks Market by Region

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Rising Demand from Construction Sector to Bolster the Global Boom Trucks Industry Growth

The demand for boom trucks in the construction industry is significant. This factor is further buttressed by the latest technological advancements, which allow these trucks to be well-equipped with features such as GPS tracking, fleet management, and telematics solutions. The market is further aided by the provision of equipment renting services by the key market players. Over the forecast period, rising investments in both new and old infrastructure projects is expected to propel the market growth.

 

Key Industry Players in the Global Boom Trucks Market

The report gives a detailed analysis of the following key players in the global boom trucks market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Manitex, Inc
  • Altec, Inc
  • Bronto Skylift Oy Ab
  • Dur-A-Lift, Inc
  • Elliott Equipment Company
  • Toyota Industries Corporation 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Vehicle Class, Application, Region
Breakup by Product Type Crane, Bucket
Breakup by Vehicle Class Class 4, Class 5, Class 6, Class 7, Class 8
Breakup by Application Construction, Logistics, Utilities, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Manitex, Inc, Altec, Inc, Bronto Skylift Oy Ab, Dur-A-Lift, Inc, Elliott Equipment Company, Toyota Industries Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Boom Trucks Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Boom Trucks Historical Market (2016-2020) 
    8.3    Global Boom Trucks Market Forecast (2021-2026)
    8.4    Global Boom Trucks Market by Product Type
        8.4.1    Crane
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Bucket
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Boom Trucks Market by Vehicle Class
        8.5.1    Class 4
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Class 5
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Class 6
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Class 7
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Class 8
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
    8.6    Global Boom Trucks Market by Application
        8.6.1    Construction
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Logistics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Utilities
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Boom Trucks Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Manitex Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Altec Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Bronto Skylift Oy Ab
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Dur-A-Lift, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Elliott Equipment Company
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Toyota Industries Corporation
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Boom Trucks Market: Key Industry Highlights, 2016 and 2026
2.    Global Boom Trucks Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Boom Trucks Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Boom Trucks Historical Market: Breakup by Vehicle Class (USD Billion), 2016-2020
5.    Global Boom Trucks Market Forecast: Breakup by Vehicle Class (USD Billion), 2021-2026
6.    Global Boom Trucks Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Boom Trucks Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Boom Trucks Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Boom Trucks Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Boom Trucks Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Boom Trucks Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Boom Trucks Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Boom Trucks Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Boom Trucks Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Boom Trucks Market Structure

Key Questions Answered in the Report

The global boom trucks market is projected to grow at a CAGR of 5% between 2021 and 2026.

The major drivers of the market include the thriving crane market and increasing infrastructural investments.

The rising demand from construction sector is the key industry trend propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading product types in the industry are crane and bucket.

The significant vehicle classes in the market are class 4, class 5, class 6, class 7, and class 8.

The major application segments in the industry are construction, logistics, and utilities, among others.

The major players in the industry are Manitex Inc., Altec Inc., Bronto Skylift Oy Ab, Dur-A-Lift Inc., Elliott Equipment Company, and Toyota Industries Corporation, among others.

Analyst Review

Aided by the rising demand from construction sector, the global boom trucks market is expected to witness a healthy growth in the forecast period of 2021-2026, growing at a CAGR of 5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the boom trucks industry can be segmented into crane, and bucket. On the basis of vehicle class, the market is divided into class 4, class 5, class 6, class 7, and class 8. By application, the boom trucks industry can be classified into construction, logistics, utilities, and others. The major regional markets for boom trucks are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Manitex Inc., Altec Inc., Bronto Skylift Oy Ab, Dur-A-Lift Inc., Elliott Equipment Company, Toyota Industries Corporation, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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