Boom Lifts Market Report 2025

The boom lifts market size has grown strongly in recent years. It will grow from $11.8 billion in 2024 to $12.69 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to construction and infrastructure development, maintenance and repair operations, film and entertainment industry demand, urbanization trends, warehouse and distribution center operations.

The boom lifts market size is expected to see strong growth in the next few years. It will grow to $17.02 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to expansion of renewable energy projects, telecommunication network upgrades, focus on workplace safety, e-commerce and logistics growth, smart city initiatives. Major trends in the forecast period include development of all-terrain boom lifts, adoption of hybrid power systems, enhanced outreach and working heights, implementation of lithium-ion battery technology, focus on operator comfort and ergonomics.

The rising demand for construction activities is expected to drive growth in the boom lifts market in the coming years. Construction encompasses the altering, building, repairing, planning, acquiring, and designing of private or public structures. Boom lifts are extensively used in construction due to their versatility and enhanced safety during various tasks, which in turn boosts demand for these machines. For instance, in March 2024, Atradius, a Netherlands-based insurance company providing trade credit insurance, projected that global construction output would rise by 2% in 2024, down from 3.7% in 2023. Growth in advanced economies is expected to be 1.8%, while emerging markets may see a 2.2% increase in building activity. Additionally, non-residential output and civil engineering are forecast to grow by 2.8% and 4.4%, respectively, this year. Looking ahead to 2025, global construction is predicted to grow by 1.8%, with residential construction output expected to rebound by 2.4% due to improving economic conditions and looser monetary policies. Thus, the increasing demand for construction activities is driving the growth of the boom lifts market.

The increasing demand in the automotive industry is anticipated to drive growth in the boom lifts market moving forward. The automotive industry encompasses the design, development, manufacturing, marketing, and sales of vehicles. Boom lifts are widely used in automotive manufacturing plants for various facility maintenance tasks, such as repairing and maintaining production infrastructure, fixing lights, addressing roof maintenance issues, and conducting general facility inspections. For example, in February 2022, Brand Finance PLC, a UK-based brand valuation company, reported that the automobile sector achieved approximately 78 million unit sales, reflecting a significant 10% increase. Thus, the growing demand in the automotive industry is contributing to the expansion of the boom lifts market.

Technological advancements are a significant trend gaining traction in the boom lifts market. Leading companies in this sector are concentrating on developing innovative products that incorporate the latest technologies to enhance their market position. For example, in August 2024, JCB, a UK-based manufacturing company, launched the T 65D, its first diesel-powered telescopic boom platform in India, designed to improve productivity and safety across various industries. The T 65D features a maximum platform height of 65 feet 4 inches and a horizontal reach of 56 feet 6 inches, making it ideal for high-altitude operations. It can carry a maximum load of 450 kilograms, allowing it to handle substantial equipment and materials. Additionally, the self-leveling technology of the 670SJ adjusts the boom lift's chassis to accommodate ground conditions, enabling it to traverse uneven terrain while maintaining stability at height. This results in significant productivity benefits throughout the workday.

Major companies in the boom lifts market are increasingly focused on introducing advanced solutions, such as boom and scissor lifts, to gain a competitive edge. These aerial lifts are essential for elevating workers and materials to high areas in construction, manufacturing, and industrial environments. For example, in May 2023, J.C. Bamford Excavators Limited (JCB), a UK-based manufacturer of construction equipment, announced the launch of electric and diesel/electric hybrid boom lifts. The models A45E and A45EH represent this innovation, with the A45E being an electric boom lift that produces zero emissions, while the A45EH combines electric and diesel power to leverage the advantages of both energy sources. Both models are recognized for their strength, flexibility, and capability to access tight and challenging spaces. Additionally, they feature secondary guarding, foam-filled non-marking tires, and LiveLink for real-time remote monitoring, enhancing safety and operational efficiency.

In January 2023, JLG Industries Inc., a US-based manufacturer specializing in telehandlers and mobile elevating work platforms (MEWPs), successfully acquired Hinowa S.p.A. in a transaction for an undisclosed amount. This strategic acquisition is aimed at expanding JLG Industries Inc.'s product portfolio, particularly in the realm of specialty application solutions. Furthermore, the acquisition enhances the company's market reach, specifically in specialized sectors such as agriculture, landscaping, and vegetation management. Hinowa S.p.A., the acquired entity, is an Italy-based manufacturer known for its expertise in producing boom lifts.

Major companies operating in the boom lifts market include Kobelco Construction Machinery Co. Ltd., XCMG Group (Xuzhou Construction Machinery Group Co. Ltd., Sany Group, JLG Industries Inc., Linamar Corporation, Changsha Zoomlion Heavy Industry Science & Technology Development Co. Ltd., Terex Corporation, Altec Industries Inc., Manitou Group, Tadano Ltd., Haulotte Group, Zhejiang Dingli Machinery Co. Ltd., Aichi Corporation, Manitex International Inc., Niftylift Limited, Palazzani Industrie S.p.A., Teupen Maschinenbau GmbH, Dinolift Oy, Socage S.r.l., Holland Lift International BV, Leguan Lifts Oy, Platform Basket s.r.l., Falcon Lifts ApS, Galmon Equipment & Construction Company Limited, Furukawa UNIC Corporation, ASPAC Group, MEC Aerial Work Platforms, CTE S.p.A., Oil & Steel S.p.A., Denka Lift Ltd.

North America was the largest region in the boom lifts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global boom lifts market report during the forecast period. The regions covered in the boom lifts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the boom lifts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Boom lifts are a type of articulated platform lift designed to facilitate access to difficult areas and heights. These machines are essential construction equipment, capable of providing both horizontal and vertical lifting capabilities.

The primary types of boom lifts encompass articulating boom lifts, telescopic boom lifts, straight boom lifts, genie boom lifts, and towable boom lifts. Articulating boom lifts, also called knuckle booms, consist of lift arms segmented by joints or knuckles, offering versatile movement options including mobile and fixed positions. These lifts come with different engine types, including electric and engine-powered variations. They find utilization across diverse sectors and end-users such as rental businesses, construction and building sites, mining operations, transportation and logistics companies, landscaping and orchard work, and various other industries requiring access to elevated areas.

The boom lifts market research report is one of a series of new reports from. The Business Research Company that provides boom lifts market statistics, including boom lifts industry global market size, regional shares, competitors with a boom lifts market share, detailed boom lifts market segments, market trends and opportunities, and any further data you may need to thrive in the boom lifts industry. This boom lifts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The boom lifts market consists of sales of trailer-mounted boom lifts, vehicle-mounted boom lifts, fixed boom lifts, crawler or spider rooms, and marine boom lifts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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