Bucket Trucks Market Size - By Product (Class 4, Class 5, Class 6, Class 7, Class 8), Type (Insulated, Non-Insulated), Application (Construction, Utility [Electric, Water], Telecommunication, Forestry), Regional Outlook & Global Forecast, 2023 - 2032

Bucket Trucks Market Size - By Product (Class 4, Class 5, Class 6, Class 7, Class 8), Type (Insulated, Non-Insulated), Application (Construction, Utility [Electric, Water], Telecommunication, Forestry), Regional Outlook & Global Forecast, 2023 - 2032

Bucket Trucks Market size is poised to expand at over 7% CAGR from 2023-2032 propelled by rapid infrastructure developments worldwide.

With several governments investing heavily in building, maintenance, and utility services, the demand for efficient aerial work platforms is rising. Bucket trucks facilitate tasks at elevated heights, including building maintenance, power line installation, and repairs. Moreover, the growing need for sustainable solutions in the utilities, maintenance, and building sectors is spurring several industry participants to develop and introduce advanced electric bucket trucks, further augmenting the industry outlook. For instance, in September 2023, Alectra Utilities introduced an International eMV all-electric double bucket truck to its fleet as part of its initiative to attain net-zero emissions by 2050.

The overall industry is segmented into product, type, application, and region.

Based on type, the insulated bucket trucks market is foreseen to gain significant traction from 2023-2032 attributed to the rapid development of utilities and power distribution networks. Insulated bucket trucks provide a secure platform for electrical workers for protecting them from electric shocks. The influx of stringent safety regulations and the dire need for reliable equipment in the power sector are likely to fuel the segment growth.

Bucket trucks market from the telecommunications application segment is anticipated to witness high demand between 2023 and 2032. The ongoing expansion of telecommunication networks globally has surged the demand for efficient aerial work platforms for infrastructure installation, maintenance, and repairs. Moreover, with several telecommunications companies prioritizing green practices, the adoption of electric fleets for aerial work platforms is increasing, further boosting the segment growth. For instance, in July 2023, leading cable operator Breezeline collaborated with ZEVX to set up its first electric-powered bucket truck to operate a fleet of these vehicles for minimized operating emissions.

Europe bucket trucks industry is estimated to expand at 7.4% CAGR from 2023-2032 fueled by the escalating focus on sustainable urban development and renewable energy initiatives across the region. Several countries are making massive investments in infrastructure projects requiring versatile elevated work platforms for tasks, such as streetlight maintenance, green energy installations, and telecommunications expansion. Furthermore, stringent safety regulations and a growing emphasis on environmental sustainability is surging the acceptance of electric bucket trucks, thereby accelerating the regional industry expansion.