The global demand for Boom Lift Market is presumed to reach the market size of nearly USD 20.91 BN by 2030 from USD 11.81 BN in 2022 with a CAGR of 7.4% under the study period 2023 - 2030.
A boom lift is a lifting machinery with an aerial work platform connected to a crane and it has an extension mounted on a vehicle supporting the platform. It can reach greater heights, both horizontally and vertically and can move around obstacles. Boom lifts are also known as man lifts, basket cranes or cherry pickers. It is almost similar to scissor lifts. Besides lifting, it is also used for moving tools and materials to areas that are difficult to access or considered dangerous and also for taking workers to higher work areas. Boom lifts are of two types, telescopic boom lifts and articulating boom lifts. The arms of telescopic boom lifts are straight whereas the arms of articulating boom lifts can bend. It is used in construction sites, industries and for outdoor jobs.
Market Dynamics
The key factor driving the global boom lift market is accelerated demand for the equipment in the construction industry in almost all regions and the number of big construction projects in Asia Pacific and other such regions. The boom lift market is anticipated to exhibit impressive growth due to government investments for infrastructural development. Furthermore, investment in mega construction projects in the private sector will also fuel its demand. Since boom lifts are very expensive and requires huge investments, end users prefer used boom lifts and also emphasize on maintaining their existing boom lift instead of buying a new one. This factor may restrain the growth of boom lift market in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of boom lift. The growth and trends of boom lift industry provide a holistic approach to this study.
Market Segmentation
This section of the boom lift market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Engine Type
By Product Type
- Trailer Mounted Booms
- Vehicle Mounted Boom
- Crawler/Spider Booms
By End-Use
- Rental
- Construction & Building
- Mining
- Transportation & Logistics
- Landscaping & Orchard Work
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Boom Lift market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Boom Lift Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Boom Lift market include JLG Industries, Haulotte Group, Dinolift OY, leguan lifts OY, skyjack, a time manufacturing company, Niftylift (uk) Limited, Teupen, Ommelift, Terex Corporation, Dexterlifts OY. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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