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Boom Trucks Market to Hit USD 9.6 Billion by 2035 Amid Growing Infrastructure Demand and Technological Advancements

07-24-2025 12:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR Market Research

Boom Trucks Market to Hit USD 9.6 Billion by 2035 Amid Growing

The global boom trucks market is poised for robust growth, projected to reach USD 9.6 billion by 2035, up from USD 5.9 billion in 2025, registering a CAGR of 5.0% during the forecast period. The surge in demand is fueled by increasing global infrastructure development, expanding utility networks, and the rising need for versatile lifting equipment across construction, oil & gas, and power sectors.

Boom trucks are becoming an indispensable asset in modern construction and utility operations due to their ability to provide lifting, mobility, and transport solutions in one machine.

Their wide adoption is propelled by the need for safe, efficient, and space-saving solutions in urban and industrial projects. Innovations in hydraulic systems, load-bearing capacity, and IoT-enabled monitoring systems are also driving market expansion by enhancing efficiency and reducing maintenance costs.

Browse Full Report: https://www.factmr.com/report/4446/boom-trucks-market

Regional Trends Reveal North America and Asia Pacific as Key Growth Engines

North America remains the dominant regional market, driven by the U.S., where infrastructure modernization projects and smart city developments are accelerating demand. A strong emphasis on upgrading roads, bridges, and power infrastructure continues to drive adoption.

Meanwhile, the Asia Pacific region-led by China, India, and Japan-is witnessing the fastest growth. China's infrastructure boom, supported by government investments and a domestic manufacturing push, is significantly boosting sales of boom trucks, particularly in urban development and logistics.

Japan is strengthening its position through technological innovations and strategic mergers, such as Tadano Ltd.'s acquisition of Manitex International, which is set to consolidate its product offerings and global presence. Europe is gradually shifting toward eco-friendly and hybrid boom truck models, especially in France, Germany, and the UK, in line with strict environmental regulations.

Segment Insights Highlight Demand for Mid-Capacity Boom Trucks

Boom trucks with a lifting capacity of 10-20 metric tons hold the largest market share, supported by their application in mid-sized construction projects and utility services. Models in this range strike a balance between maneuverability and lifting strength, making them ideal for confined urban job sites.

In terms of design, behind-the-cab mount configurations dominate due to their space efficiency and ability to operate in tight environments. Boom lengths under 20 meters are also most popular, especially for municipal and residential maintenance tasks that require access to hard-to-reach locations with minimal spatial disruption.

Infrastructure remains the leading application segment, reflecting global government spending on roads, bridges, utility grids, and smart city initiatives. Demand is also increasing from the commercial construction sector as developers seek versatile equipment for high-rise and mixed-use buildings.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=4446

Competitive Landscape Intensifies with Strategic Collaborations and Innovation

The boom trucks market is fiercely competitive, with global and regional players actively investing in product development, partnerships, and geographic expansion. Leading manufacturers include Corporation, Manitex International, The Manitowoc Company, Inc., Palfinger AG, Fassi Gru S.p.A., Tadano Ltd., Load King, QMC Building Cranes, and Elliott Equipment Company.

A notable development occurred in February 2025, when Utilities launched its next-generation zero-emission bucket trucks in partnership with Mack Trucks. The launch featured the Optima HR55 aerial device mounted on a Mack MD7 Electric chassis, reflecting a significant step toward sustainability and electrification in the utility sector. The collaboration not only reinforces leadership in innovation but also enables Mack Trucks to diversify its electric vehicle portfolio within the construction and utility industries.

Meanwhile, Hyva's new stiff boom truck-mounted cranes launched in China reflect growing emphasis on affordable, high-performance lifting solutions tailored to the local market. These cranes feature advanced hydraulic control and compact design, aimed at boosting efficiency in the booming construction and logistics sectors.

Looking Ahead

The boom trucks market is expected to maintain upward momentum through 2035, driven by strong infrastructure pipelines, technological innovation, and increasing demand for efficient, multi-functional lifting equipment.

With sustainability and automation at the forefront, key players are focusing on developing electric and hybrid models, enhancing digital integration, and entering strategic partnerships to solidify their competitive edge in this evolving industry landscape.

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