Boom Trucks Market to grow at 4.7%CAGR 2017-2024 - PowerPoint PPT Presentation


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Boom Trucks Market to grow at 4.7%CAGR 2017-2024


The noteworthy participants in Boom Trucks Market are Altec Industries, Inc., Manitowoc Cranes, Palfinger, RUTHMANN GmbH & Co., Elliott Equipment Company, Aspen Equipment Company, American Construction Company, Manitex International Inc., Interlake Crane Inc., and Runnion Equipment. – PowerPoint PPT presentation

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Title: Boom Trucks Market to grow at 4.7%CAGR 2017-2024

Boom Trucks Market to exceed US1800 million by
Key Insights of Boom Trucks Market
  • Boom Trucks Market will grow exponentially over
    the years ahead, owing to the growing
    infrastructural development across the globe. To
    reduce the human effort and increase reliability
    and operational efficiency, most of the end-use
    industries have been giving increased preference
    to boom trucks. These trucks are extensively used
    to carry out tasks that are deemed risky and
    those that have to be performed in remote
    locations. The rising number of such operations
    will boost the product demand, thereby propelling
    boom trucks industry size. Considering the
    safety, ease of usage, and convenience, the
    product is prominently used across the
    construction, telecom, and utility sectors. As
    per the report by Global Market Insights, Inc.,
    Worldwide boom trucks market was valued USD 350
    million in 2015 and will record a CAGR of 4.7
    over the coming seven years.
  • Telecommunication, utility, logistics, and
    construction are the primary application segments
    of boom trucks market. Boom trucks are gaining
    popularity across the telecom sector, owing to
    the fact they help to increase the efficacy
    levels in various operations. The
    telecommunication application segment will
    collect considerable revenue by the end of 2024,
    owing to the increasing need of the product to
    complete more work in less time. Construction is
    another lucrative application segment, which will
    generate considerable revenue with a CAGR of more
    than 4 over the coming seven years.

  • The product finds huge demand in hazardous work
    environments owing to the deployment of various
    norms regarding worker safety, which will
    influence the industry growth positively. Public
    procurement, taxation, and energy efficiency are
    also a few vital factors fueling the business
    growth. The usage of boom trucks provides
    extensive benefits while performing risky
    operations in inaccessible and remote areas.
  • Considering the geographical landscape, UK boom
    trucks market will exhibit substantial annual
    growth rate over the years ahead, owing to the
    increasing requirement of rental fleets. Growing
    spending capability of the customers along with
    surging investment in residential and
    infrastructural projects will augment the
    industry growth. Germany, UK, and France are the
    prominent revenue contributors of Europe region.
  • India boom trucks industry will collect
    considerable revenue with an annual growth rate
    of more than 4 over the coming timeframe.
    Favorable support from the government in terms of
    funding will enhance the product usage. In
    addition, growing emergence of technologically
    advanced equipment in the construction sector
    will also fuel the product demand. Another key
    factor contributing toward the growth of India
    boom trucks market is the surging development of
    townships across the country.

U.S. boom trucks market size, by application,
2013-2024 (USD Million)


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Trucks Market _at_ https//
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Industry Analysis
  • Altec Industries, Inc.
  • Manitowoc Cranes
  • Palfinger
  • Elliott Equipment Company
  • Aspen Equipment Company
  • American Construction Company
  • Manitex International Inc.
  • Interlake Crane Inc.
  • Runnion Equipment.

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