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Report
Boom Trucks Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Market Report I 2025-01-20 I 170 Pages I Global Market Insights
The Global Boom Trucks Market, valued at USD 3.5 billion in 2024, is set to expand at a 5.8% CAGR between 2025 and 2034. The rise in infrastructure and construction projects worldwide is fueling this growth. As urbanization accelerates, demand for efficient material transportation and lifting solutions is increasing, particularly in developing regions. Boom trucks are essential for heavy lifting across various sectors, including construction, energy, and telecommunications. Their ability to transport materials and operate in complex environments makes them indispensable in large-scale projects. Advancements in boom truck technology are further driving market adoption, ensuring greater safety, efficiency, and adaptability.
An expanding telecommunication infrastructure has also contributed to increased demand, as boom trucks assist in the installation and maintenance of towers, particularly for 5G networks. Industries focused on modernization are adopting these trucks to enhance operational capabilities. As technology advances, market players continue to improve boom truck functionality, ensuring compliance with evolving industry standards.
Telescopic boom trucks accounted for over half of the market share in 2024 and are projected to surpass USD 3 billion by 2034. These trucks are designed to lift heavy loads to significant heights, making them ideal for infrastructure and utility projects. Their extendable booms provide precision in handling materials at complex construction sites, ensuring maximum efficiency. Their durability and stability under substantial weight further enhance their versatility, making them a preferred choice across industries that require reliable lifting solutions.
Construction remains the dominant application segment, holding 50% of the market share in 2024. The industry's reliance on boom trucks stems from the need for efficient lifting and material handling solutions. These trucks streamline the movement of heavy construction materials, equipment, and machinery, optimizing workflow at job sites. The global surge in infrastructure projects, combined with rapid urbanization, is boosting demand for flexible and mobile lifting solutions. Their ability to navigate tight spaces makes them particularly useful in urban and congested construction environments.
Diesel-powered boom trucks held over 40% of the market share in 2024 due to their widespread use in the construction and energy sectors. Their high power output and reliability make them suitable for rugged terrains and remote locations. Manufacturers are focusing on expanding diesel-powered truck production to cater to increasing demand, particularly in developing markets. Many of these trucks come equipped with advanced safety features and secondary guarding systems, making them a preferred choice for industries requiring heavy lifting in challenging conditions.
The market is also shifting toward sustainable solutions with the rise of EV boom trucks. These trucks offer lower maintenance costs, reduced emissions, and energy-efficient operations, making them ideal for urban and indoor applications. With growing environmental regulations, manufacturers are investing in green technologies to meet both regulatory requirements and consumer preferences.
Class 6 boom trucks accounted for over 30% of the market share in 2024. Their balance between payload capacity and maneuverability makes them ideal for various applications. These trucks offer cost-effective solutions for mid-range operations, providing efficiency across multiple industries. Their versatility has positioned them as a valuable asset in expanding markets.
The US remains a key player, holding 80% of the boom truck market in 2024, with revenue expected to reach USD 1.5 billion by 2034. Increased demand across energy and transportation sectors is driving market expansion. Leading manufacturers are prioritizing advanced safety features and innovative designs to enhance performance. The industry is experiencing steady growth as regulatory support and technological advancements continue to shape the future of boom truck operations.
Report Content
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360 synopsis, 2021 - 2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Component manufacturers
3.1.2 Manufacturers
3.1.3 Technology providers
3.1.4 Distributors
3.1.5 End use
3.2 Supplier landscape
3.3 Pricing Analysis
3.4 Profit margin analysis
3.5 Patent landscape
3.6 Cost breakdown
3.7 Technology & innovation landscape
3.8 Key news & initiatives
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Expansion of infrastructure and construction projects
3.10.1.2 Growth in telecommunications infrastructure
3.10.1.3 Increasing demand for energy-efficient lifting solutions
3.10.1.4 Rising adoption of boom trucks in renewable energy installations
3.10.2 Industry pitfalls & challenges
3.10.2.1 High initial investment and maintenance costs
3.10.2.2 Regulatory compliance and safety standards in different regions
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2034 ($Bn, Units)
5.1 Key trends
5.2 Telescopic
5.3 Articulating
5.4 Bucket
Chapter 6 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn, Units)
6.1 Key trends
6.2 Construction
6.3 Utilities
6.4 Telecommunications
6.5 Oil and gas
6.6 Logistics and warehousing
Chapter 7 Market Estimates & Forecast, By Fuel, 2021 - 2032 ($Bn, Units)
7.1 Key trends
7.2 Diesel
7.3 Electric
7.4 Hybrid
Chapter 8 Market Estimates & Forecast, By Capacity, 2021 - 2032 ($Bn, Units)
8.1 Key trends
8.2 Below 10 metric tons
8.3 10 to 20 metric tons
8.4 20 to 30 metric tons
8.5 30 to 40 metric tons
8.6 40 to 50 metric tons
8.7 Above 50 metric tons
Chapter 9 Market Estimates & Forecast, By Class, 2021 - 2032 ($Bn, Units)
9.1 Key trends
9.2 Class 4
9.3 Class 5
9.4 Class 6
9.5 Class 7
9.6 Class 8
Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Spain
10.3.5 Italy
10.3.6 Russia
10.3.7 Nordics
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
Chapter 11 Company Profiles
11.1 Altec Industries
11.2 Aspac Equipment Rental
11.3 Bronto Skylift
11.4 Dur-A-Lift
11.5 Elliott Equipment
11.6 Hiab
11.7 IMT
11.8 Liebherr
11.9 Manitex International
11.10 Manitowoc
11.11 Multitel Pagliero
11.12 Niftylift
11.13 Palfinger
11.14 Sany
11.15 Socage
11.16 Tadano
11.17 Terex
11.18 Versalift
11.19 XCMG
11.20 Zoomlion
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