The Boom Trucks Market is projected to grow at a CAGR of 5.5% during the forecast period of 2023-2029
Global Boom Trucks Market Overview
Market Size and Growth
The global Boom Trucks market size was valued at US$ 2.22 Bn. in 2022 and is projected to reach US$ 3.23 Bn. by 2029, exhibiting a CAGR of 5.5% during the forecast period.
Research Methodology
A comprehensive study was conducted by a research team, employing both primary and secondary research methods. The secondary research aimed to supplement existing data, segment the market, estimate the total market size, and forecast the growth rate.
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Market Scope
Our team at Maximize gathers market data from various sources to provide a realistic regional perspective. The country-level analysis includes inputs from regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic statistics.
Market Drivers and Restraints
The Boom Trucks market report addresses the major drivers and restraints impacting the market.
Segmentation
For detailed segmentation
by Product
• Boom trucks
o Below 10 Metric Tons
o 10 to 20 Metric Tons
o 20 to 30 Metric Tons
o 30 to 40 Metric Tons
o 40 to Metric Tons
o Above 50 Metric Tons
• Bucket truck
by Vehicle Class
• Class 4
• Class 5
• Class 6
• Class 7
• Class 8
by Application
• Rental
• Construction
• Utility
• Telecommunication
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Key Players
The key players in the Boom Trucks market are:
• Load King
• Manitex Inc.
• Manitowoc Cranes
• Palfinger AG
• Bronto Skylift
• CTE Group SPA
• Aichi Corporation
• Altec Inc.
• Axion Lift
• Tadano Ltd.
• Link Belt Cranes
• Dur-A-Lift, Inc.
• Elliott Equipment Co
• Henan Symmen Machinery Co., LTD.
• Ruthmann GmbH
• Terex Corporation
• Versalift
• Aspen Equipment
• Interlake Crane Inc.
• Manitowoc
• Toyota Industries Corporation
Regional Analysis
The report provides a country-level analysis of the Boom Trucks market, focusing on categories with high growth potential, countries with the largest market share, and those with the highest development potential. Regions covered include:
- North America (USA, Canada)
- South America
- Asia Pacific (China, Japan, India, Korea)
- Europe (Germany, UK, France, Italy)
- Other countries
COVID-19 Impact Analysis
The report includes an analysis of the impact of COVID-19 on the global Boom Trucks market.
Key Questions Answered
- Which product segment held the largest share in the Boom Trucks market in 2020?
- What is the projected competitive landscape of the Boom Trucks market for the forecast period (2021-2027)?
- What are the key factors driving the growth of the Boom Trucks market?
- Which region accounted for the maximum share in the Boom Trucks market in 2020?
- What will be the CAGR of the global Boom Trucks market during the forecast period (2021-2027)?
About Maximize Market Research
Maximize Market Research is a multifaceted market research and consulting company with professionals from various industries. We cover sectors such as medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. Our services include market-verified industry estimations, technical trend analysis, critical market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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