Get In Touch

Boom trucks are vehicles mounted with telescopic boom crane equipment to lift cargo or workers in applications such as logistics, maintenance, and construction. These trucks enable workers to carry and maneuver freight or load as required. Usually the truck body and crane equipment are manufactured by different OEMs resulting in long-term partnerships and memorandum of understanding. These boom trucks feature a variety of specifications such as lifting capacity, lifting reach, payload & hauling capacity, and application. They are used for several purposes such as lifting workers for maintenance & inspection of high-rise structures & buildings, pumping concrete, and loading & unloading cargo from warehouses & other trucks. The boom truck market is witnessing a heavy customization trend to cater to the intricate needs of every industry.   

The rising demand from end-user industries such as construction, utility, and telecom is the key factor driving the boom truck market globally. The growing expenditure on infrastructure in developing countries such as India, China, and Brazil is creating substantial opportunities for the market. Technological advancements and the manufacture of customized boom trucks suited for specific tasks are predicted to help increase the productivity & efficiency of all end-user industries. The suitability and aptness offered by boom trucks in the telecom, construction, and logistics sectors are fueling the demand for boom trucks. Furthermore, the utility industry is also generating significant traction in the boom truck market due to increased maintenance activities in electricity and telecom wiring grids throughout the globe. Street light maintenance, building repairs, and general maintenance are key utilities requiring boom trucks. However, the maintenance and upkeep costs of these trucks are high, hindering the market to a certain extent.

The boom truck market is divided, based on type, into the bucket and crane segments. Bucket boom trucks, also known as aerial boom trucks, are used to perform off-ground maintenance work and to lift personnel. On the other hand, crane boom trucks are employed for industrial and heavy applications including the loading and unloading of goods and payloads on and off the carrier truck. These cranes are also available in a variety of lifting capacities needed for various applications. Furthermore, on the basis of end-user industry, the boom truck market can be divided into the following categories: construction, logistics, utilities, and others. Construction and utilities are substantially lucrative in all the regions.        

In terms of geography, the boom truck market can be distributed over Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are significant markets for boom trucks with well-established public facilities requiring constant repair and tending. However, strict policies with regards to emissions and safety slightly hamper the boom truck market in the region. Asia Pacific is also anticipated to provide significant opportunities for the market. The growing expenditure on infrastructure and related projects is predicted to boost the demand for boom trucks in the construction and utilities sectors. Furthermore, the Middle East is also heavily investing in infrastructure and lavish construction projects, propelling the demand for boom trucks in the region.          

Prominent players operating in the global boom truck market include Ruthmann GmbH, Palfinger, Altec, Aspen Equipment, and Interlake Crane. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Boom Truck Market

Pre Book