Global Boom Truck Market Size Study, by Capacity (Up to 15 Tons, 15 Tons–25 Tons, 25 Tons–35 Tons, Above 35 Tons), by Application (Construction, Utilities, Industries, Others) and Regional Forecasts 2022-2032

The Global Boom Truck Market was valued at approximately USD 3.08 billion in 2023 and is projected to expand at a CAGR of 5.48% over the forecast period 2024-2032. As industries increasingly rely on efficient lifting and material handling solutions, boom trucks are witnessing a significant surge in demand, particularly across the construction, utilities, and industrial sectors. These versatile vehicles offer enhanced mobility, extended reach, and cost-effectiveness, making them indispensable in infrastructure projects and maintenance activities. The rising emphasis on urbanization, industrial expansion, and smart city initiatives has further accelerated the adoption of boom trucks, as they play a crucial role in streamlining operations, improving workforce efficiency, and reducing operational costs.

Market players are investing heavily in advanced boom truck technologies, integrating telematics, remote monitoring, and automation features to enhance safety, productivity, and fuel efficiency. The growing preference for electric and hybrid boom trucks is another transformative trend, driven by stringent environmental regulations and sustainability mandates aimed at reducing carbon footprints. Furthermore, manufacturers are focusing on lightweight yet durable materials, ensuring superior load-bearing capacity and extended operational lifespan. However, high initial investment costs, maintenance expenses, and fluctuating raw material prices pose challenges, potentially restricting market growth, particularly in cost-sensitive regions.

North America currently dominates the boom truck market, backed by robust infrastructure development, high investment in energy and utility projects, and stringent workplace safety standards. The United States and Canada lead the way in the adoption of technologically advanced boom trucks, fueled by government incentives for equipment modernization and efficiency optimization. Meanwhile, Europe continues to experience steady market expansion, supported by sustainable construction initiatives and regulatory mandates for eco-friendly lifting solutions. The Asia Pacific region is expected to register the fastest growth, driven by rapid industrialization, increasing construction activities, and infrastructure megaprojects in countries like China, India, and Japan. Additionally, Latin America and the Middle East & Africa are emerging as lucrative markets, with heightened investments in renewable energy projects and large-scale construction endeavors bolstering demand for boom trucks.

Major Market Players Included in This Report Are:
• Manitex International, Inc.
• Tadano Ltd.
• Manitowoc Company, Inc.
• Liebherr Group
• Terex Corporation
• Altec Inc.
• Elliott Equipment Company
• XCMG Group
• Palfinger AG
• Zoomlion Heavy Industry Science and Technology Co., Ltd.
• SANY Group
• Link-Belt Cranes
• Hiab (Cargotec Corporation)
• Kobelco Construction Machinery Co., Ltd.
• Konecranes Plc

The Detailed Segments and Sub-Segment of the Market Are Explained Below:

By Capacity:
• Up to 15 Tons
• 15 Tons–25 Tons
• 25 Tons–35 Tons
• Above 35 Tons

By Application:
• Construction
• Utilities
• Industries
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years Considered for the Study Are As Follows:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024-2032

Key Takeaways:
• Market Estimates & Forecasts for 10 years from 2022 to 2032.
• Comprehensive regional and segment-wise revenue analysis.
• Insights into competitive dynamics and strategic developments.
• Evaluation of technological advancements and sustainability trends.
• Actionable recommendations for stakeholders in the boom truck market.

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