Lattice and Telescopic Boom Market Report 2026

The lattice and telescopic boom market size has grown steadily in recent years. It will grow from $1.94 billion in 2025 to $2.01 billion in 2026 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to expansion of infrastructure projects, growth in construction activities, demand for heavy lifting solutions, development of ports and energy projects, urbanization trends.

The lattice and telescopic boom market size is expected to see steady growth in the next few years. It will grow to $2.27 billion in 2030 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to mega infrastructure investments, expansion of renewable energy projects, adoption of smart construction equipment, demand for efficient lifting solutions, growth of modular construction. Major trends in the forecast period include growth of high-capacity lifting equipment, demand for long-reach cranes, integration of telematics in cranes, focus on jobsite safety enhancements, adoption of hybrid crane systems.

The rising demand for construction is expected to drive the growth of the lattice and telescopic boom market going forward. The construction industry covers a wide range of activities related to infrastructure design, building, and maintenance, including the creation of new structures as well as the renovation, repair, and demolition of existing ones. Lattice and telescopic booms support the industry by providing extended reach, operational versatility, and effective maneuverability in challenging job-site environments. For example, in November 2024, the Office for National Statistics, a UK-based non-ministerial department, reported that the value of new construction work in Great Britain in 2023 increased by 4.2% to a record £139.02 billion, driven by growth of £2.05 billion in the private sector and £3.57 billion in the public sector. Thus, the rising demand for construction is fueling the lattice and telescopic boom market.

Major companies in the lattice and telescopic boom market are developing self-leveling boom lift technology to enhance flexibility, extend reach, and improve efficiency across construction and industrial applications. Self-leveling boom lift technology is an advanced feature in aerial work platforms (also known as boom lifts or cherry pickers) that automatically keeps the work platform level regardless of the boom’s position or the terrain. For instance, in January 2025, Genie, a US-based aerial-work-platform manufacturer, launched the Genie S 85 XC FE hybrid and S 85 XC E electric telescopic boom lifts. These lifts are designed for construction, industrial, and maintenance applications, offering rough-terrain capability, extended reach, and hybrid/electric operation for versatile job-site use. They feature a dual-capacity “Xtra Capacity” system for lifting people, tools, and materials simultaneously, and an on-platform AC power supply for welding or tool operation. Advanced 4-wheel drive and oscillating axle systems enable stable operation on uneven terrain, enhancing productivity and safety. These innovations reflect the continued evolution of telescopic boom lifts to meet modern construction and industrial demands.

In January 2025, Tadano Ltd., a Japan-based provider of construction and material-handling cranes and aerial work platforms, acquired Manitex International in an all-cash transaction valued at US$223 million. Through this acquisition, Tadano aims to broaden and diversify its lifting-equipment product portfolio and accelerate growth in global truck-crane and aerial-work-platform markets. Manitex International is a U.S.-based provider of mobile truck cranes, specialized industrial lifting solutions, aerial work platforms, construction equipment, and rental solutions for infrastructure, maintenance, utility, manufacturing, and construction sectors.

Major companies operating in the lattice and telescopic boom market are Kobleco Kobe Steel, The Liebherr Group, Sumitomo Heavy Industries Ltd., Ingersoll Rand Inc., Terex Corporation, Mammoet, The Manitowoc Company Inc., Palfinger AG, Tadano Ltd., Sarens n.v./s.a, Kato Works Co. Ltd., Link-Belt Cranes, Manitex International Inc., Favelle Favco Berhad, SANY Group, Lampson International LLC, Jekko s.r.l., XCMG Group, Sennebogen Maschinenfabrik GmbH, Cormach Srl.

Asia-Pacific was the largest region in the lattice and telescopic boom market in 2025, and is expected to be the fastest-growing region in the forecast period. The regions covered in the lattice and telescopic boom market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lattice and telescopic boom market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The lattice and telescopic boom market consists of sales of telescopic boom cranes, telescopic boom lifts, and telescopic handlers. 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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