Boom Trucks Market 2024 key players Aichi Corporation, Axion Lift, Manitex International, Versalift, Terex, Palfinger AG, Socage S.R.L, Altec Corporation, Caterpillar and CTE Group
UK Boom trucks market is anticipated to witness growth owing to the booming construction sector in the region. The presence of major rental companies such as Riwal, Kiloutou, and Haulotte Group will aid the industry growth in the country. With the construction sector focusing on replacing traditional construction techniques with modern advanced machinery, the boom trucks market is anticipated to witness a substantial growth. In addition, the industry will flourish in the UK due to the demand from the utility and telecom sectors. However, geopolitical uncertainties, continued slowdown in the international trade, and the impact of the UK’s announcement to leave the European Union may create market risks for several companies.Sample copy of this Report @
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Boom Trucks Market size is set to exceed USD 1.5 billion by 2024. Increasing infrastructure investments coupled with the growing construction sector is anticipated to drive the boom trucks market over the forecast timeline. Several countries in Asia Pacific, Europe, and the Middle East are undertaking large-scale projects to refurbish the existing infrastructure. Bucket trucks facilitate easy lifting of people at heights, where ladders cannot be utilized. Population growth, environmental impacts, and urbanization have driven the need for smart and sustainable infrastructure solutions.
Insulated bucket trucks are gaining importance owing to their applications in the utility sector. Many regions are witnessing increasing government initiatives to upgrade their existing power grids. These initiatives to upgrade are a result of the increasing demand for high-quality reliable power. The expanding power grid structure has led to a rise in the demand for the utilization of these trucks in upgrading power grids.
These trucks are the most sophisticated machines to safely convey linemen to large heights where they are expected to work to improve, maintain, and manage electric power distribution and telecommunication network. Rising demand for these trucks from the utility and power sector will provide significant growth opportunities to the boom trucks market growth.
The boom trucks market is expected to experience growth owing to the rising demand from the telecommunication sector. Several countries are focusing on increasing investments to enhance and refurbish their existing telecom infrastructure. Growing penetration of telecom companies in emerging economies and their efforts to expand the network are further boosting the demand for the boom trucks market. The sturdy structure of these trucks and the wide variety of designs available make the trucks a convenient option for applications in the telecommunication sector. Increasing penetration of smartphones across various regions coupled with the need for enhanced telecom infrastructure for improved connectivity is expected to propel the boom trucks market growth.
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Key players operating in the boom trucks market include Aichi Corporation, Axion Lift, Manitex International Inc., Versalift, Terex Corporation, Palfinger AG, Socage S.R.L, Altec Corporation and CTE Group. Companies are trying to expand their regional presence by acquiring smaller companies and expanding their product portfolio. Stringent regulations pertaining to operator safety are compelling manufacturers in the boom trucks market to enhance their product portfolio by incorporating advanced safety measures.
Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 Bucket truck industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Type trends
2.1.5 Application trends
2.1.5.1 Utility trends
Chapter 3 Bucket Truck Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.2.1 Rental landscape
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technological and innovation landscape
3.4.1 Plug-in hybrid electric vehicle
3.4.2 Battery electric vehicle
3.5 Regulatory landscape
3.5.1 North America
3.5.1.1 U.S.
3.5.1.1.1 OSHA 29 CFR 1926.21
3.5.1.1.2 The Scaffold & Access Industry Association
3.5.1.1.3 ANSI/SAIA A92.2-2015
3.5.1.1.4 ANSI/SAIA A92.5-2006 (R2014)
3.5.1.2 Canada
3.5.1.2.1 Canadian Standards Association, CSA C225-00
3.5.1.2.2 Canadian Standards Association, CSA C225-00
3.5.2 Europe
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3.5.2.1 European emission regulations
3.5.2.2 EN280:2013
3.5.2.3 Provision and Use of Work Equipment Regulations (PUWER)
3.5.2.4 UK
3.5.2.4.1 European Community Whole Vehicle Type Approval (EC WVTA)
3.5.2.5 France
3.5.2.5.1 Air Quality Certificate
3.5.2.6 Russia
3.5.2.6.1 EurAsian Conformity Mark (EAC)
3.5.2.6.2 European Union Standards
3.5.2.6.3 Emission Controls Standards
3.5.3 Asia Pacific
3.5.3.1 NTPC
3.5.3.2 China
3.5.3.2.1 The International Council on Clean Transportation
3.5.3.3 India
3.5.3.3.1 Emission Standards
3.5.3.4 Japan
3.5.3.4.1 Air Quality Standards
3.5.4 Latin America
3.5.4.1 NR12
3.5.5 MEA
3.5.5.1 Occupational Health & Safety Act, 1993
3.5.5.2 Driven machinery regulations, 2011
3.5.5.3 The South African Bureau of Standards (SABS)
3.5.5.4 ZABS (ZS 385)
3.5.5.5 OSH Regulations
3.5.5.6 GCC Standardization Organization - GSO 42:2015
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing infrastructure investments globally
3.6.1.2 Rising installation of displays and banners globally
3.6.1.3 Increasing rate of urbanization in the U.S.
3.6.1.4 Upgradation of power grids in India
3.6.1.5 Increasing infrastructure and industrial projects in Russia
3.6.1.6 Rising demand for lifting equipment from BRIC countries
3.6.1.7 Growing demand for bucket trucks in China and Japan
3.6.1.8 Rapid urbanization in Southern African countries
3.6.2 Industry pitfalls and challenges
3.6.2.1 High initial cost
3.6.2.2 Costs associated with maintenance
3.6.2.3 Lack of trained operators
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Competitive market share analysis, 2017
3.9.1 Strategic dashboard
3.10 PESTEL analysis
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