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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 (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.

 

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: 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.

 

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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

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    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Bucket
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Class 5
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Class 6
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Class 7
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Class 8
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
    8.6    Global Boom Trucks Market by Application
        8.6.1    Construction
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Logistics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Utilities
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    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    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America  Boom Trucks Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Boom Trucks Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Boom Trucks Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin  America Boom Trucks Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Boom Trucks Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    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 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 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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