With the growing awareness regarding workplace safety and benefits offered by efficient powered lifting equipment, the global demand for boom trucks is presumed to witness strong growth during the forecast period 2023 – 2030. The growing need of meeting the housing demands of a huge population has triggered government and private investments in the construction and real estate sector, which, in turn, is further favoring market demand. The growing demand for boom lifts to lift workers and equipment during the construction process and for repair and maintenance is also further fueling the market growth. The ease of operation, the mobility offered, and safety provided by boom trucks have made them ideal solutions for infrastructure development, maintenance, and repair activities. In view of growing competition from rental service providers, OEMs across the globe are targeting industrial and infrastructure projects having needs for quality maintenance through customized equipment offerings.

The research study titled “Global Boom Trucks Market – Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global boom trucks industry along with the market size and estimates for the duration of 2020 to 2030. The said research study covers an in-depth analysis of market segments based on application, product type, and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading boom truck manufacturers, their business strategy analysis, market positioning, and key developments. Some of the major players profiled in the report include Elliott Equipment Company, Manitex International, Inc., The Manitowoc Company, Interlake Crane Inc, Ruthmann GmbH & Co KG, Aspen Equipment Company, Able Rigging Contractors Inc., American Construction, and Runnion Equipment Company among others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the global boom trucking industry
• Comparative analysis for different segments for the years 2021 & 2030
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
• Trailing 2-Year market size data (2020 – 2021)
• SRC (Segment-Region-Country) Analysis

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Boom Trucks market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Boom Trucks market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Boom Trucks market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Boom Trucks market?
• Which is the largest regional market for Boom Trucks market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Boom Trucks market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Boom Trucks market worldwide?