Boom Lift Trends and Forecast
The future of the global boom lift market looks promising with opportunities in the rental, construction & building, mining, transportation & logistic, and landscaping & orchard work markets. The global boom lift market is expected to grow with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing number of construction and infrastructure projects, growing demand for electric-powered boom lifts, and ongoing integration of technological advancements, such as telematics and IoT among boom lifts.Boom Lift by Segment
The study includes a forecast for the global boom lift by engine type, product type, end use, and region.Boom Lift Market by Engine Type [Shipment Analysis by Value from 2018 to 2030]:
- Electric
- Engine-Powered
Boom Lift Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Trailer Mounted Booms
- Vehicle Mounted Boom
- Crawler/Spider Booms
Boom Lift Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Rental
- Construction & Building
- Mining
- Transportation & Logistics
- Landscaping & Orchard Work
- Others
Boom Lift Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Boom Lift Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies boom lift companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the boom lift companies profiled in this report include:- JLG Industries
- HAULOTTE GROUP
- Dinolift
- LEGUAN LIFTS
- Skyjack
- A Time Manufacturing Company
- Niftylift
Boom Lift Market Insights
The report forecasts that engine-powered will remain the larger segment over the forecast period.Within this market, rental will remain the largest segment due to increasing demand for boom lifts from these firms for construction, mining, warehousing, logistics, manufacturing, and automotive industries.
North America is expected to witness the highest growth over the forecast period due to increasing government investments in residential and commercial construction in the region.
Features of the Global Boom Lift Market
- Market Size Estimates: Boom lift market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Boom lift market size by engine type, product type, end use, and region in terms of value ($B).
- Regional Analysis: Boom lift market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different engine types, product types, end uses, and regions for the boom lift market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the boom lift market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for boom lift market?Answer: The global boom lift market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the boom lift market?
Answer: The major drivers for this market are increasing number of construction and infrastructure projects, growing demand for electric-powered boom lifts, and ongoing integration of technological advancements, such as telematics and IoT among boom lifts.
Q3. What are the major segments for boom lift market?
Answer: The future of the boom lift market looks promising with opportunities in the rental, construction & building, mining, transportation & logistic, and landscaping & orchard work markets.
Q4. Who are the key boom lift market companies?
Answer: Some of the key boom lift companies are as follows:
- JLG Industries
- HAULOTTE GROUP
- Dinolift
- LEGUAN LIFTS
- Skyjack
- A Time Manufacturing Company
- Niftylift
Answer: The report forecasts that engine-powered will remain the larger segment over the forecast period.
Q6. In boom lift market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period due to increasing government investments in residential and commercial construction in the region.
Q7. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the boom lift market by engine type (electric and engine-powered), product type (trailer mounted booms, vehicle mounted boom, and crawler/spider booms), end use (rental, construction & building, mining, transportation & logistics, landscaping & orchard work, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Boom Lift Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- JLG Industries
- HAULOTTE GROUP
- Dinolift
- LEGUAN LIFTS
- Skyjack
- A Time Manufacturing Company
- Niftylift
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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