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Know Reasons Why Telescopic Boom Lift Market May See New Emerging Trends!!

02-21-2020 05:06 AM CET | Industry, Real Estate & Construction

Press release from: Coherent Market Insights

Telescopic Boom Lift

Telescopic Boom Lift

Telescopic boom lift are known as an aerial work platform. Telescopic boom lift is primarily used for jobs that require extended reach with maximum range and can move its axel 360 degrees. Telescopic boom lift can travel automatically during aerial operation with maximum work height between 40 and 80 feet. Features of telescopic boom such as active oscillating axel system, dual fuel or diesel engine options, 360-degree continuous turntable rotation, platform rotators, out-and-up articulating jib options, powerful in driving force and large in load capacity and others are increasing its adoption among end users.

The main Key Players in the market are: Terex Corporation, JLG, Prangl, Hunan Sinoboom Heavy Industry Co., Ltd., MEC, Niftylift (UK) Limited, Tadano Ltd., Kato Works Co., Ltd., Aichi Corporation, and Haulotte Group.

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Growth Factor:
End users of telescopic boom lift prefer to maintain the exiting boom lifts and do not invest in new machines due to their high cost. Furthermore, due to the high cost of telescopic boom lift, end users prefer renting telescopic boom lift instead of purchasing one. Renting telescopic boom lift is more economical choice, as renting offers lower maintenance and also flexibility for users to access a full fleet of machinery, rather than limiting to one model. Hence, high price of telescopic boom lift is hindering the market growth.

Regional Insights :
The global telescopic boom lift market is driven by growing demand for construction across the region especially in Asia Pacific. The government is investing in the development of infrastructure as well as private sector for investing in mega constructions is driving the global telescopic boom lifts market growth. The telescopic boom lifts are widely used in road construction, mining operations, airports, ports construction, and others. According to India Brand Equity Foundation (IBEF), in 2016, construction equipment industry revenue in India was US$ 3billion.

Any Query? Talk To Our Analyst @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/2188

Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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