The global Boom Truck Market, valued at USD 341.0 million in 2023, is poised to reach USD 562.97 million by 2031, growing at a CAGR of 5.5% from 2024 to 2031.
Market Overview
Boom trucks—mobile cranes mounted on commercial truck chassis—have become vital equipment across construction, utilities, telecommunications, and logistics. These versatile machines enable lifting, transporting, and precise placement of heavy loads at elevated heights, making them indispensable in urban and remote project settings.
In recent years, growing investments in infrastructure, energy, and industrial development have significantly increased the demand for boom trucks. Their utility in handling power lines, installing signboards, building high-rise structures, and supporting oilfield logistics has bolstered their adoption globally.
The market's steady expansion reflects rising automation, heightened safety standards, and improved operational efficiency in material handling and lifting tasks.
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Growth Drivers
- Expanding Construction and Infrastructure Projects
Countries across Asia-Pacific, North America, and the Middle East are investing heavily in smart cities, roadways, and energy grids. Boom trucks are a preferred lifting solution for high-reach construction activities in these projects, fueling consistent demand.
- Technological Advancements in Boom Truck Design
Manufacturers are introducing models with enhanced reach, safety sensors, remote operation, and eco-friendly engine configurations. These advancements not only reduce labor costs but also enhance performance, attracting more end-users.
- Growth in Utility and Telecom Sectors
Utility service providers rely on boom trucks for electrical line maintenance and installation. Similarly, the telecom sector, with rapid 5G tower installations, increasingly depends on such trucks for elevated access.
- Industrial and Mining Activities
In regions with growing mining and industrial production, boom trucks help manage equipment placement and maintenance tasks, especially in difficult terrains.
- Rental Market Boom
Smaller contractors and service companies prefer renting over purchasing heavy equipment. The growing construction equipment rental market contributes to a wider deployment of boom trucks.
Scope & Applications
Boom trucks cater to multiple end-user sectors, offering adaptability and convenience across:
- Construction: For structural steel erection, roofing, and material movement in high-rise projects.
- Utility Services: Assisting electric and water utilities in line repair and infrastructure development.
- Telecommunications: Supporting the installation and repair of telecom towers and network lines.
- Oil & Gas: Used in pipeline projects, rig maintenance, and transporting heavy drilling equipment.
- Municipal Services: Employed in street lighting, signage, and tree maintenance by city administrations.
As urbanization continues and remote infrastructure needs grow, boom truck applications are expanding into new terrains, including renewable energy farms and disaster response operations.
Major Companies:
- Manitex International Inc
- Terex Rough Terrain Cranes
- Altec Industries
- Elliott Equipment Company
- PALFINGER AG
- Tadano Ltd.
- LIEBHERR
- SANY Group
- Zoomlion Heavy Industry Science&Technology Co.,Ltd.
- The Manitowoc Company, Inc.
- Cargotec Corporation head office
- A Time Manufacturing Company
- Custom Truck One Source
- PM OIL & STEEL S.P.A
- Iowa Mold Tooling Co., Inc.
- Dur-A-Lift Inc.
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Market Segmentation
The Boom Truck Market can be segmented as follows:
By Product Type:
- Telescopic Boom Trucks
- Articulating Boom Trucks
- Hydraulic Boom Trucks
By Capacity:
- Below 10 Tons
- 10–20 Tons
- Above 20 Tons
By End-Use Industry:
- Construction
- Utilities
- Telecommunications
- Oil & Gas
- Municipal & Others
By Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
Regional Insights
Asia-Pacific is anticipated to witness the fastest growth, with countries like China, India, and Indonesia launching large-scale infrastructure programs. These nations are increasing urban road networks, power grid expansion, and smart city projects, fueling demand for heavy-duty equipment like boom trucks.
North America, particularly the U.S., maintains a stronghold due to its advanced utility services, oilfield operations, and ongoing urban development. High labor costs and strict safety regulations further incentivize the use of modern boom trucks.
Europe is investing in telecom infrastructure upgrades and renewable energy, driving moderate but steady adoption of boom trucks.
The Middle East & Africa are emerging markets, where oil exploration and construction projects in countries like the UAE and Saudi Arabia are supporting the industry’s growth.
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