Boom Truck Market Overview
The multi-functional characteristic of the boom truck is one of the major factors driving the growth of the global market. Job sites for boom truck cranes usually cover very large spaces. Their capability to carry various types of loads across terrains increases the demand for boom truck cranes, across the globe.
In 2018, the global boom truck market was valued at approximately USD 1,378.3 million, which is projected to witness ~5.4% CAGR during the forecast period (2018-2024).
Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Boom Truck Market— Forecast till 2024.”
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Scope of the Report
This study provides an overview of the global boom truck market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Boom Truck Market by type, application, and region.
- By Capacity
- Upto 15 Tons
- 15 Tons–25 Tons
- 25 Tons–35 Tons
- Above 35 Tons
- By Application
- Construction
- Utilities
- Industries
- Others
- By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
The adoption of these boom trucks in the construction industry is expected to gain momentum during the forecast period due to their versatility and the higher number of sections in the boom, which makes them popular among manufacturers.
The 25 tons–35 tons segment is expected to hold the highest growth rate in the global boom truck market: MRFR
On the basis of capacity, the 25 tons–35 tons segment accounted for the largest market share, which is also expected to witness maximum growth rate during the forecast period, due to the large number of sections in the boom trucks.
The construction segment accounted for the largest market share in the global boom truck market: MRFR
On the basis of application, the construction segment accounted for the largest market share in 2018, which is expected to retain its position by 2024. This can be attributed to the growing population in emerging economies, such as China, India, and Brazil, which drives the demand for residential and commercial buildings. Hence, the construction segment is anticipated to experience significant growth during the forecast period.
Asia-Pacific accounted for the largest market share in the global boom truck market: MRFR
Geographically, the global boom truck market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. In 2018, Asia-Pacific accounted for the largest market share and is expected to witness sustainable growth over the forecast period. This can be attributed to the stringent regulatory guidelines for the construction machinery industry in the region. Furthermore, high investments in the construction industry is further expected to drive the demand for boom truck market.
Asia-Pacific is anticipated to witness the highest growth rate over the forecast period, owing to the growing construction machinery industry across the emerging economies, such as China and India. Moreover, rapid industrialization and urbanization in emerging economies, such as China, India, and Japan are expected to contribute significantly to the growth of market.
Leading Players
The prominent players operating in the global boom truck market are Liebherr-International AG (Switzerland), Manitowoc (US), Elliott Equipment Company (US), Manitex International Inc. (US), Load King (US), XCMG Group (China), Fassi Gru S.p.A. (Italy), Altec Industries (US), and Tadano Ltd (Japan).
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List of Tables
Table 1 Global Boom Truck Market, by Region, 2019–2024
Table 2 North America: Boom Truck Market, by Country, 2019–2024
Table 3 Europe: Boom Truck Market, by Country, 2019–2024
Table 4 Asia-pacific: Boom Truck Market, by Country, 2019–2024
Table 5 Rest of the World: Boom Truck Market, by Country, 2019–2024
Table 6 Global Boom Truck Market, by Capacity, by Region, 2019–2024
Table 7 North America: Boom Truck Market, by Capacity, by Country, 2019–2024
Table 8 Europe: Boom Truck Market, by Capacity, by Country, 2019–2024
Table 9 Asia-pacific: Boom Truck Market by Capacity, by Country, 2019–2024
Table 10 Rest of the World: Boom Truck Market by Capacity, by Country, 2019–2024
Continued……..
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down and Bottom-up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Boom Truck Market Share, by Capacity, 2018 (%)
Figure 9 Global Boom Truck Market, by Capacity, 2019–2024 (Usd Million)
Figure 10 Global Boom Truck Market Share, by Application, 2018 (%)
Continued…….
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