Press release
Boom Lifts Market Size, Share, Trends, Growth, Industry Analysis And Forecast 2023-2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Boom Lifts Market Size, Growth Rate, And Forecast:
The global boom lifts market size is expected to grow from $10.28 billion in 2022 to $11.08 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global boom lifts market size is expected to reach $14.42 billion in 2027 at a CAGR of 6.8%.
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Boom Lifts Market Drivers:
Increasing demand for construction activities is expected to propel the growth of the boom lifts market going forward. Construction refers to the altering, building, repairing, planning, acquiring, and designing of a structure of any private or public building. Boom lifts are widely used in construction as they provide increased versatility, and increased safety while performing construction activities, as a result, increasing demand for construction activities increases the demand for the boom lifts market.
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Boom Lifts Market Segments
•By Type: Articulating Boom Lifts, Telescopic Boom Lifts, Straight Boom Lifts, Genie Boom lifts, Towable Boom Lifts
•By Movement Type: Mobile, Fixed
•By Engine Type: Electric, Engine Powered
•By End User: Rental, Construction And Building, Mining, Transportation And Logistics, Landscaping And Orchard Work, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Boom Lifts market.
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Boom Lifts Market Key Players:
Major competitors in the boom lifts market include Tadano Ltd., Galmon, Zoomlion Heavy Industry Science&Technology Co. Ltd., Sany Heavy Industry Co. Ltd., Altec Industries., Xuzhou Construction Machinery Group Co. Ltd., Kobelco Construction Machinery Co. Ltd., Furukawa Unic Corporation, JLG Industries Inc., Haulotte Group, Skyjack, Niftylift Limited, Haulotte Group, Manitex International Inc., ASPAC Group, Dinolift Oy, Teupen, and Leguan Lifts Oy.
The Business Research Company's "Global Boom Lifts Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Boom Lifts Market Include:
1. Executive Summary
2. Boom Lifts Market Characteristics
3. Boom Lifts Market Trends And Strategies
4. Boom Lifts Market - Macro Economic Scenario
5. Boom Lifts Market Size And Growth
....
26. Africa Boom Lifts Market
27. Boom Lifts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Boom Lifts Market
29. Boom Lifts Market Future Outlook and Potential Analysis
30. Appendix
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