Boom Truck Market Size, Share & Trends Analysis Report By Mount, By Lifting Capacity, By Boom Length, By Application, By Region, And Segment Forecasts, 2024 - 2030
The global boom truck market size was estimated at USD 3.25 billion in 2023 and is expected to grow at a CAGR of 5.7% from 2024 to 2030. A boom truck is a type of crane mounted on a truck chassis designed to lift and move heavy loads. It combines the mobility of a truck with the lifting capability of a crane, making it versatile for various applications, especially in construction, maintenance, and industrial settings. The rapid surge in investments in infrastructure development around the globe, growing urbanization, and high demand for mobile construction equipment can be attributed to the growth of the market.
As governments and private entities invest heavily in upgrading and building infrastructure such as bridges, roads, and skyscrapers, the demand for boom trucks increases. These vehicles play a crucial role in lifting and placing materials and equipment at various heights and angles, which is essential for complex construction projects. With numerous large-scale infrastructure projects underway globally, the need for versatile and powerful boom trucks is expected to rise, fueling market expansion. Thus, rising infrastructure development across the globe, particularly in developing countries, is driving the growth of the market.
The ongoing trend of urbanization and the construction of high-rise buildings are further boosting the growth of the boom truck market. As cities expand and vertical construction becomes more common, the need for specialized equipment that can handle the demands of high-rise projects grows. Boom trucks are essential for reaching elevated construction sites and performing tasks such as placing large materials and equipment. The increasing number of high-rise residential and commercial buildings is driving demand for boom trucks with extended reach and lifting capacity, contributing to market growth.
Furthermore, the market is experiencing significant growth due to rapid technological advancements. Modern boom trucks are increasingly integrated with cutting-edge technologies such as telematics, real-time data monitoring, and advanced load control systems. These innovations enhance safety, efficiency, and operational capabilities, making boom trucks more attractive to construction and industrial companies. For instance, telematics allows operators to track equipment performance and maintenance needs remotely, reducing downtime and extending the lifespan of the cranes. As technology continues to evolve, the market is expected to witness a surge in demand for boom trucks equipped with the latest features, driving overall growth in the sector.
High initial costs and ongoing maintenance expenses could hamper the growth of the market. In addition, the complex regulatory environment, including stringent safety and environmental standards, can increase compliance costs and operational challenges. Furthermore, the availability of alternative lifting solutions, such as aerial work platforms or traditional cranes, may limit market growth as companies evaluate the most cost-effective options for their needs. However, growing technological advancements and the rising development of boom trucks with a focus on emission control are expected to improve the market's growth.
Global Boom Truck Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the boom truck market report based on mount, lifting capacity, boom length, application, and region:
Mount Outlook (Revenue, USD Million, 2018 - 2030)
Behind the Cab Mount
Rear Mount
Swing Seat
Lifting Capacity Outlook (Revenue, USD Million, 2018 - 2030)
Less than 10 Metric Tons
10 - 20 Metric Tons
21 - 30 Metric Tons
31 - 40 Metric Tons
41 - 50 Metric Tons
More than 50 Metric Tons
Boom Length Outlook (Revenue, USD Million, 2018 - 2030)
Less than 20m
20 - 30m
31 - 40m
More than 40m
Application Outlook (Revenue, USD Million, 2018 - 2030)
Infrastructure
Commercial Construction
Power & Utility
Industrial/Petrochemical
Residential
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
Middle East & Africa
UAE
Kingdom of Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
1.4. Information Analysis
1.4.1. Market Formulation & Data Visualization
1.4.2. Data Validation & Publishing
1.5. Research Scope and Assumptions
1.6. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Impact Analysis
3.3.2. Market Restraint Impact Analysis
3.3.3. Market Opportunity Impact Analysis
3.4. Industry Analysis Tools
3.4.1. Porter's Analysis
3.4.2. PESTEL Analysis
Chapter 4. Boom Truck Market: Mount Estimates & Trend Analysis
4.1. Mount Movement Analysis & Market Share, 2023 & 2030
4.2. Boom Truck Market Estimates & Forecast, By Mount