Press release
Boom Lifts Market 2024 - By Size, Demand, Trends, Top Companies, Growth Drivers And Forecast 2033
Boom Lifts Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9470&type=smp
According to The Business Research Company's, The boom lifts market size has grown strongly in recent years. It will grow from $11.03 billion in 2023 to $11.89 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to construction and infrastructure development, maintenance and repair operations, film and entertainment industry demand, urbanization trends, warehouse and distribution center operations.
The boom lifts market size is expected to see strong growth in the next few years. It will grow to $15.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to expansion of renewable energy projects, telecommunication network upgrades, focus on workplace safety, e-commerce and logistics growth, smart city initiatives. Major trends in the forecast period include development of all-terrain boom lifts, adoption of hybrid power systems, enhanced outreach and working heights, implementation of lithium-ion battery technology, focus on operator comfort and ergonomics.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/boom-lifts-global-market-report
Market Drivers and Trends:
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. For instance, in June 2021, according to the Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, in March 2021, construction activity grew by 3.7 percent. Furthermore, residential activity increased by 4.3 percent in 2021 compared to 2020. Moreover, according to the US Census Bureau, the value of construction operations climbed by 10.2% from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. Therefore, an increasing demand for construction activities is driving the growth of the boom lifts market.
Technological advancements are a key trend gaining popularity in the boom lifts market. Major companies operating in the boom lift market are focused on developing innovative products with the latest technologies to strengthen their position in the market. For instance, in September 2021, JLG Industries, a US-based manufacturer of telehandlers and mobile elevating work platforms (MEWPs), launched the JLG 670SJ self-leveling boom lift with self-leveling technology. This boom lift is designed to automatically adapt to terrain on slopes up to 10 degrees in any orientation while driving with full functionality at a class-leading 67-foot platform height. The self-leveling technology of the 670SJ is aimed at adjusting the boom lift's chassis to the ground conditions and handling uneven terrain while traveling at height from one task to the next, resulting in considerable productivity benefits throughout the workday.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Kobelco Construction Machinery Co. Ltd., XCMG Group (Xuzhou Construction Machinery Group Co. Ltd., Sany Group, JLG Industries Inc., Linamar Corporation, Changsha Zoomlion Heavy Industry Science & Technology Development Co. Ltd., Ter*ex Corporation, Altec Industries Inc., Manitou Group, Tadano Ltd., Haulotte Group, Zhejiang Dingli Machinery Co. Ltd., Aichi Corporation, Manitex International Inc., Niftylift Limited, Palazzani Industrie S.p.A., Teupen Maschinenbau GmbH, Dinolift Oy, Socage S.r.l., Holland Lift International BV, Leguan Lifts Oy, Platform Basket s.r.l., Falcon Lifts ApS, Galmon Equipment & Construction Company Limited, Furukawa UNIC Corporation, ASPAC Group, MEC Aerial Work Platforms, CTE S.p.A., Oil & Steel S.p.A., Denka Lift Ltd.
Boom Lifts Market 2024 Key Insights:
• The boom lifts market size is expected to see strong growth in the next few years. It will grow to $15.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Growing Demand For Boom Lifts In Response To Surging Construction Activities
• JLG Industries Introduces Self-Leveling Technology In The Boom Lift Market With The Launch Of JLG 670SJ
• North America was the largest region in the boom lifts market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=9470&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Boom Lifts Market 2024 - By Size, Demand, Trends, Top Companies, Growth Drivers And Forecast 2033 here
News-ID: 3772750 • Views: …
More Releases from The Business research company
Key Trends Reshaping the Jacking Oil Pump Market: Strategic Merger Enhances Inno …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Jacking Oil Pump Market Size Growth Forecast: What to Expect by 2025?
The market for jacking oil pumps has seen consistent expansion in recent times. The market is projected to increase from $1.21 billion in 2024 to $1.27 billion in 2025, with a compound annual growth rate (CAGR) of…
Surge In Landscaping Services Fueling The Growth Of The Market Due To Rising Dem …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Gardening Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past years, we've seen a significant expansion in the market size of gardening equipment, which is destined to rise from $99.81 billion in 2024 to $108.42 billion in 2025, reflecting a compound annual…
Soaring Demand Set to Propel Beam Bender Market to $8.22 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Beam Bender Market Through 2025?
The market size for beam benders has shown significant growth in the recent past. The projected growth anticipates an increase from $6.06 billion in 2024 to $6.4 billion in 2025, with a compound annual growth rate (CAGR)…
Portable Air Purifier Market Growth Accelerates: Strategic Forecast Predicts $21 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Portable Air Purifier Industry Market Size Be by 2025?
The market value for portable air purifiers has been showing substantial growth in the past few years. It is projected to further rise from $13.52 billion in 2024 to $14.76 billion in 2025, marking an annual compound…
More Releases for Lift
Detachable Lift Market
The global detachable lift market databook report is a comprehensive and important source of information that provides critical insights into many aspects of the detachable lift industry. It examines all key participants, including Leitner Poma , Nippon Cable , Kashiyama Industries , Doppelmayr Seilbahnen GmbH , MND Group , LEITNER Ropeways , Anzen Sakudo , Bartholet Maschinenbau , TATRALIFT , Tokyo Cableway, and places a strong emphasis on competitive analysis…
Hydraulic Scissor Lift - Manufacturer and Supplier of Stationary Scissor Lift & …
Hydraulic Scissor Lift
The Company is one of the front Runner in Manufacturing Hydraulic Scissor Lift in India With an ISO 9001-2015 Certification. The core focus of the company lies in superior quality and excellent customer services. With Best Design Easiest To Setup In Any Industry.
Technovision is one of the Leading Manufacturer, Supplier & Exporters of a wide range of products which include Hydraulic Scissor Lift such as Electro Hydraulic Scissor Lift, High Raised Hydraulic Scissor Lift,…
Automotive Multifunctional Lift Systems Market Key players Dannmar Equipment, Ko …
Introduction
Automotive vehicles, in recent years, have become a necessary household entity rather than being a luxury as previously in the past. Rising living standards, rural and urban development, growth in disposable income has lead demand for automobiles to grow significantly over the past years. With high growth in automobile sales, the automotive maintenance, repairing and servicing sector is also expected to expand at a high growth rate over the forecast…
Global Plunger Lifts Market 2018 Analysis -Integrated Production Services (IPS), …
Plunger Lifts are artificial lift methods that offers an economical and established technique for removing liquids form aging gas wells while minimizing gas losses and methane emissions.
According to this study, over the next five years the Plunger Lifts market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents…
Stair Lift Market 2024 | Prism U.K. Medical Limited HIRO LIFT Symax Lift (China) …
Stair Lift Market Overview:
A stairlift is used for transporting people over stairway who are unable or have problem with climbing the stairs. Such lifts are normally used by elderly people or patients. The stairlifts are installed on rails which are either straight or curved. A stairlift is typically an assembly of rail, seat and motor (A.C.or D.C). In terms of application, straight stair lift is used for single floor or…
(AWP) Aerial Work Platform Rental Market 2024 Growth & Regional Revenue By Top P …
(AWP) Aerial Work Platform Rental Market is expected to exceed USD 24 billion by 2024. Increasing investments for the construction of infrastructures such as such as manufacturing facilities, airports, power plants, and roadways are expected to drive the AWP rental market during the forecast timeline.
In addition, various government initiatives focusing on improving the existing infrastructures further contribute towards the demand. With an increase in the number of accidents due to…
