What is Boom Trucks Market Scope?
Boom trucks generally have a rotating telescopic-boom crane mounted on a commercial truck chassis. These trucks are used for different types of purposes including the transportation of heavy items and machinery. These trucks contain hydraulic crane that allows workers to lift heavy and sometimes unconventionally shaped items from floor to roof.
Boom Trucks Market Dynamics:
Attributes | Details |
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Growth Drivers | - High Demand for Applications in Construction, Utility and Telecom Industry
- Technological Advancements in Boom Trucks
- Rapid Urbanization in the Some Countries Such As China and India
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Influencing Trends | - Rising Installation of Displays and Banners Globally
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Restraints | - High Initial Cost for Boom Trucks
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Road Blocks / Challenges | - Lack of Skilled Professionals
- Maintenance Cost of the Boom Trucks
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Gaps & Opportunities | - Growing Demand of Boom Trucks from End-User Industry
- Rising Demand from Construction Industry
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The Boom Trucks market study is being classified by Type (Below 10 Metric Tons, 10 to 20 Metric Tons, 20 to 30 Metric Tons, 30 to 40 Metric Tons, 40 to Metric Tons and Above 50 Metric Tons), by Application and major geographies with country level break-up.
Global Boom Trucks is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Boom Trucks market throughout the predicted period.
Aichi Corporation (Japan), Altec Industries, Inc. (United States), Bronto Skylift Inc. (Finland), Dur-A-Lift, Inc., Elliott Equipment Co., Henan Symmen Machinery Co. Ltd. (China), Link Belt Cranes, Load King, LLC, Manitex Inc., Manitowoc Cranes and Palfinger AG (Austria) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tadano Ltd. (Japan), Terex Corporation and Versalift.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Boom Trucks market by Type, Application and Region.
On the basis of geography, the market of Boom Trucks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In 2021, Battle Motors acquired commercial vehicle Original Equipment Manufacturer (OEM), Crane Carrier Company, LLC. The combination will combining the best of last century's severe duty diesel and compressed natural gas (CNG) technology with best-in-class EV technology to produce full electric trucks for the marketplace
In 2020, Manitowoc launches a new National Crane NBT60XL boom truck. The model combines “strong and long” like never before, bringing the greatest capacity and reach combination ever seen in the 60 USt class — both for boom trucks and truck cranes. The NBT60XL offers a 151 ft. five-section, full-power boom based on the NBT60L.
Key Target Audience
Boom Trucks Manufactures, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Boom Trucks Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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