Industry Background:
Aerial lift equipment is used in a wide range of industries on job sites and in facilities worldwide. Boom lifts, in specific, are an ideal choice for applications where one needs to lift workers, tools and materials extended heights to get the job done. The telescopic boom lifts are aerial work platforms with boom sections that extend telescopically and they are also generally called stick booms because of their straight appearance. These boom lifts provide greater horizontal outreach than any other type of aerial platform and it is suitable for areas with limited access in construction, industrial, entertainment, road building, painting, bridgework, and inspection applications.This growth is primarily driven by Increasing Demand from End-Use Industries and Growing Usage of Telescoping Boom lifts in Garden Engineering.
Globally, a noticeable market trend is evident Technological Developments in Telescoping Boom Lifts. Major Manufacturers, such as Skyjack Inc (Canada), Tadano Ltd. (Japan), TIME Manufacturing (United States), Altec Industries, Inc. (United States), Manitou Group (France), Ruthmann GmbH & Co. KG (Germany), Zhejiang Dingli Machinery Co., Ltd. (China), Bronto Skylift Inc (Finland), Niftylift (United Kingdom) and Hunan SINOBOOM Heavy Industry Co., Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increasing Demand from End-Use Industries
- Growing Usage of Telescoping Boom lifts in Garden Engineering
Market Trend
- Technological Developments in Telescoping Boom Lifts
Restraints
- High Cost of Telescoping Boom Lifts
Opportunities
High Potential Growth in Developing Region
Challenges
Skilled Operator Required to Handle System
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