The following report provides forecast and analysis of the global boom trucks market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Units), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global boom trucks market along with several macro-economic indicators. This newly published and insightful report on boom trucks sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global boom trucks market.

The report also comprises the study of current issues with end users and opportunities for boom trucks. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of boom truck manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the boom trucks market provided in the report adds to the credibility of this exhaustive research study.

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Global Boom Trucks Market: In-Depth Assessment on Key Segments

The global boom trucks market is segmented on the basis of product type, lifting capacity, boom length and region.

Product Type
  • Behind the Cab Mount
  • Rear Mount
  • Swing Seat
Lifting Capacity
  • Less than 10 Metric Tons
  • 10 – 20 Metric Tons
  • 21 – 30 Metric Tons
  • 31 – 40 Metric Tons
  • 41 – 50 Metric Tons
  • More than 50 Metric Tons
Boom length
  • Less than 20 m
  • 20-30 m
  • 31-40 m
  • More than 40 m
Application
  • Infrastructure
  • Commercial Construction
  • Power & Utility
  • Industrial / Petrochemical
  • Residential
Region
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA
Country-specific assessment on demand for boom trucks has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous boom trucks manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major competitors operating in the boom trucks market are Aichi Corporation, Altec Inc., Axion Lift, Bronto Skylift, CTE Group SPA and others.

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Global Boom Trucks Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research.

Key Takeaways from the Boom Trucks Market

  • The global boom trucks market is now showing steady growth after the market witnessed depressing sales figures from the traditional oil and energy sectors
  • North America leads the global boom trucks market with a revenue share of over 30%. With mushrooming crane rental companies in the region, the sales of boom trucks have been quite high
  • The boom trucks market in APAC will witness a growth rate of over 6.5% attributed to the burgeoning capital investments for infrastructure. With a fast-track record of urbanization in countries such as China and India, the demand for boom trucks for construction is increasing
  • Equipment manufacturing companies are developing products offering their customers boom trucks with reliable efficiency, and high weight carrying capacity

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Product Innovations Strengthening Market Hold, as Smart City Developments Abound

The increasing number of construction projects and smart city developments are creating a way ahead for key manufacturers as well as new entrants in the landscape of boom trucks. Boom truck OEMs are developing a rich package of fuel-saving innovations to attract maximum buyers including near and long-term diesel enhancements, updates to vehicles such as advanced aerodynamics and active driver technology. Key players in the boom trucks market, such as Terex, Manitex, Altec, Elliott, Tadano and others provide customization by offering frame modifications and yielded proprietary axle configurations to their customers for different applications in varied end use industries. Manufacturers are still grappling with large overcapacities in emerging markets, leading to high and growing price competition.

Find More Valuable Insights on the Boom Trucks Market

Fact.MR, in its new offering, provides an unbiased analysis of the global market for boom trucks, with historical data on demand (2013-2018) and expected projections for the period (2019-2027). The report discloses compelling insights into the demand for boom trucks based on product type (Behind the Cab Mount, Rear Mount, Swing Seat), lifting capacity (Less than 10 metric tons, 10-20 metric tons, 21-30 metric tons, 31-40 metric tons, 41-50 metric tons, more than 50 metric tons) and boom length (Less than 20 m, 20-30 m, 31-40 m, more than 40 m) across several regions.

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