Boom Trucks

Boom Trucks

Global Boom Trucks Market to Reach US$2.3 Billion by 2030

The global market for Boom Trucks estimated at US$1.9 Billion in the year 2023, is expected to reach US$2.3 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2023-2030. Bucket Trucks, one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$1.4 Billion by the end of the analysis period. Growth in the Boom Truck Cranes segment is estimated at 1.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$504.9 Million While China is Forecast to Grow at 5.9% CAGR

The Boom Trucks market in the U.S. is estimated at US$504.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$463.4 Million by the year 2030 trailing a CAGR of 5.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.8% and 2.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Global Boom Trucks Market - Key Trends & Drivers Summarized

Why Are Boom Trucks Critical in Construction and Utility Operations?

Boom trucks are essential in the construction and utility sectors, offering a versatile solution for lifting and positioning heavy materials, equipment, and workers at elevated heights. These trucks are equipped with a telescopic or articulating boom that provides the reach and flexibility needed for tasks such as electrical line maintenance, tree trimming, signage installation, and construction material handling. Their mobility and ability to function as both a crane and a work platform make boom trucks an indispensable tool in industries that require precision lifting and elevated access. As infrastructure development and utility maintenance activities continue to rise, the demand for boom trucks is growing.

How Are Technological Advancements Enhancing Boom Trucks?

Technological advancements are significantly improving the performance, safety, and versatility of boom trucks. Innovations in hydraulic systems are providing smoother, more precise control over boom movements, allowing operators to handle heavy loads with greater accuracy. Modern boom trucks are also equipped with advanced stabilization systems that ensure safe operation on uneven terrain or in challenging environments. Additionally, the integration of remote control systems and telematics is enabling operators to monitor and control boom functions from a distance, improving safety and efficiency. Electric-powered boom trucks are also emerging as a more sustainable alternative to traditional diesel models, reducing emissions and fuel consumption.

What Regulatory Standards Impact the Boom Trucks Industry?

The boom trucks industry is subject to strict regulatory standards related to safety, load capacity, and environmental impact. In the U.S., OSHA regulates the safe operation of boom trucks, requiring operators to be properly trained and certified. Safety features such as fall protection systems, overload prevention, and proper maintenance are critical to ensuring compliance with these regulations. Additionally, environmental regulations promoting the use of low-emission vehicles are encouraging the adoption of electric and hybrid boom trucks, particularly in urban areas where air quality standards are more stringent.

What Factors Are Driving the Growth of the Boom Trucks Market?

The growth in the boom trucks market is driven by several factors, including increasing infrastructure development, growing demand for utility maintenance services, and advancements in truck technology. As construction projects, utility installations, and urban development activities expand globally, the need for versatile lifting and access equipment like boom trucks is rising. Technological innovations that improve safety, precision, and sustainability are also contributing to market growth, as companies seek more efficient and environmentally friendly lifting solutions. Additionally, the push for infrastructure modernization, particularly in regions with aging utility networks and transportation systems, is driving demand for boom trucks in both public and private sectors.

Select Competitors (Total 43 Featured) -

• Aichi Corporation
• Altec Industries, Inc.
• Bronto Skylift, Inc.
• CTE S.p.A.
• Elliott Equipment Company
• Fassi Gru SpA
• Jinan Heavy Truck Import & Export Co., Ltd.
• Link Belt Cranes
• Load King Trailers
• Manitex International, Inc.

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