Reports
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 (2018-2028); 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 2023-2028 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.
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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: 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.
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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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Boom Trucks Market Analysis
8.1 Key Industry Highlights
8.2 Global Boom Trucks Historical Market (2018-2022)
8.3 Global Boom Trucks Market Forecast (2023-2028)
8.4 Global Boom Trucks Market by Product Type
8.4.1 Crane
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Bucket
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Boom Trucks Market by Vehicle Class
8.5.1 Class 4
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Class 5
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Class 6
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Class 7
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Class 8
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.6 Global Boom Trucks Market by Application
8.6.1 Construction
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Logistics
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Utilities
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Boom Trucks Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Boom Trucks Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Boom Trucks Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Boom Trucks Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Boom Trucks Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Boom Trucks Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Manitex Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Altec Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bronto Skylift Oy Ab
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Dur-A-Lift, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Elliott Equipment Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Toyota Industries Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Boom Trucks Market: Key Industry Highlights, 2018 and 2028
2. Global Boom Trucks Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Boom Trucks Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Boom Trucks Historical Market: Breakup by Vehicle Class (USD Billion), 2018-2022
5. Global Boom Trucks Market Forecast: Breakup by Vehicle Class (USD Billion), 2023-2028
6. Global Boom Trucks Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Boom Trucks Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Boom Trucks Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Boom Trucks Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Boom Trucks Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Boom Trucks Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Boom Trucks Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Boom Trucks Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Boom Trucks Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Boom Trucks Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023 and 2028.
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 2023-2028, 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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