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Report Overview
The global boom trucks market is anticipated to grow in the forecast period of 2025-2034 at a CAGR of 5.00%.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
Compound Annual Growth Rate
Value in USD Billion
5%
2025-2034
Boom Trucks Market Outlook
*this image is indicative*
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.
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.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Boom Truck: Market 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.
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
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global boom trucks market is projected to grow at a CAGR of 5.00% between 2025 and 2034.
The major drivers of the market include the thriving crane market and increasing infrastructural investments.
The rising demand from construction sector and the surging demand for rental units are the key trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading product types in the market 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 applications in the market are construction, logistics, and utilities, among others.
The key players in the global boom trucks market are Manitex Inc., Altec Inc., Bronto Skylift Oy Ab, Dur-A-Lift Inc., Elliott Equipment Company, and Toyota Industries Corporation, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Vehicle Class |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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