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Telescopic Boom Forklift Truck Global Market Report 2025: Stellar Growth, Projected $6.13 billion Market Size, and Market Trends
Telescopic Boom Forklift Truck Market Size
What Is The Projected Market Size Of The Telescopic Boom Forklift Truck Global Market And Its Growth Rate?
•Recent years saw the telescopic boom forklift truck market burgeon from $4.04 billion in 2024 to $4.4 billion in 2025 with a compound annual growth rate (CAGR) of 8.9%.
•Robust growth during this period was buoyed by factors such as military conflicts, naval modernization, submarine proliferation, defense budgets, and national security concerns.
•The market size is projected to witness sustained growth to $6.13 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%.
•Roads to future growth are paved with global security challenges, unmanned underwater systems, naval modernization plans, environmental considerations, and arctic security.
What Is Driving The Growth In The Telescopic Boom Forklift Truck Global Market Report 2025?
The telescopic boom forklift truck market is experiencing substantial growth, supported by the expanding construction industry. With construction sectors globally increasing their focus on the repair and maintenance of infrastructure, these machines are being extensively employed for lifting and transportation of heavy construction materials. For example, the Australian construction industry, as per the Australian Bureau of Statistics, witnessed an impressive 11.6% increase in EBITDA in 2022, standing at $6.1 billion, recovering from an earlier 8.4% drop of $4.8 billion in 2021. The industry's IVA also surged by 14.8%, or $21.0 billion, contributing further to the strong market appeal of telescopic boom forklift truck.
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Who Are the Key Players Driving Telescopic Boom Forklift Truck Global Market Report 2025 Growth?
The primary contributors to growth in the telescopic boom forklift truck market include:
•Caterpillar Inc.
•J C Bamford Excavators Ltd.
•JLG Industries Inc.
ere*x Corporation
•Manitou Group
•Wacker Neuson SE
•Liebherr-International AG
•DIECI S.r.l.
•MERLO S.p.A.
•Hyster-Yale Materials Handling Inc.
What Are The Key Trends In The Telescopic Boom Forklift Truck Global Market Report 2025?
Market trends driving the telescopic boom forklift truck sector include:
•Advancements in technology
•Geopolitical tensions
•Anti-submarine warfare (ASW)
•Collaborations and partnerships
•Cross-domain integration
What Are The Segments Of The Global Telescopic Boom Forklift Truck Global Market Report 2025?
Key market segments include:
•Power Source: Electric, Fuel, Hybrid
•Lift Height: Less Than 20 Feet, 20 feet To 50 Feet, 50 feet To 70 Feet, Above 70 Feet
•End-User Industry: Construction, Utility, Logistics And transportation, Other End Users
Which Region Leads The Telescopic Boom Forklift Truck Global Market Report 2025?
Asia-Pacific steered the market in 2024 as the largest regional competitor of the telescopic boom forklift truck market. The regions spanned by the market report involve Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Telescopic Boom Forklift Truck Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Telescopic Boom Forklift Truck Global Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Telescopic Boom Forklift Truck Global Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Telescopic Boom Forklift Truck Global Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Telescopic Boom Forklift Truck Global Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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