Outlook of Bucket trucks market status and development trends reviewed in new report

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Bucket trucks market trends research and
projections for 2019- 2024

• Bucket trucks market size is garnering increased
  momentum demand all over the world, from the
  rapid growth of the construction sector as a
  result of investments in infrastructure
  development projects. Considerable increase in
  the global population has resulted in large-scale
  urbanization over the past few decades, which is
  driving the demand for smart and sustainable
  infrastructure solutions.
• These utility vehicles facilitate easy lifting of
  people in the air or at heights where ladders
  cannot be used, or the use of ladders is unsafe.
  However, the maintenance of these trucks is quite
  a complex task that involves a number of steps
  such as checking the working condition of
  battery, engine, power steering, transmission and
  wheels. Higher maintenance costs may impact
  bucket trucks market trends in the coming years.

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• Booming global utility sector

• Fast-growing world population has gradually
  fueled the demand for high-quality reliable
  power. Governments in many regions around the
  world are making investments to upgrade their
  existing grid infrastructures.
• Increasing number of grid development projects
  will certainly accelerate the demand for
  insulated bucket trucks in the near future.
• These trucks find widespread use in the utility
  sector. They facilitate safe conveyance of
  linemen to large heights where they perform tasks
  such as maintaining, improving and managing
  electric power distribution and telecommunication
  network.
• Surging demand for these trucks from the utility
  power sector will provide tremendous growth
  opportunities for bucket trucks market size.

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• Growing deployment in telecommunications

• Proliferation of smartphones worldwide is adding
  up to the demand for enhanced and seamless
  connectivity. Several regions are increasingly
  spending on telecommunication infrastructure
  development projects to address this burgeoning
  demand.
• Presence of major telecom companies in developing
  economies and their efforts to upgrade existing
  network is assisting the business growth.
• Global bucket trucks market is gaining immense
  traction on account of extensive use in the
  telecommunication sector. These trucks are
  available in various designs and the sturdy built
  of these trucks makes them best-suited for a
  range of applications in the telecom sector.

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• Regional Analysis

• Presence of major rental companies such as
  Haulotte Group, Riwal and Kiloutou in the U.K. is
  anticipated to promote the regional growth.
  Utility power and telecommunication sectors in
  the region are expanding at a rapid pace.
• Flourishing construction sector in the region
  will present new opportunities for bucket trucks
  market players, from consistent need for
  hazardous development, repair and maintenance
  works. UK construction sector is increasingly
  focusing on replacing conventional construction
  equipment with advanced lifting equipment.

• Competitive Analysis

• Key players operating in the bucket trucks market
  share include Aichi Corporation, Axion Lift,
  Manitex International Inc., Versalift, Terex
  Corporation, Palfinger AG, Socage S.R.L, Altec
  Corporation and CTE Group. Companies are trying
  to expand their regional presence by acquiring
  smaller companies and expanding their product
  portfolio.

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