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.
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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
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