Boom Truck Market Growth, Trends, and Analysis by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Boom Truck Market covers analysis By Product (Boom truck cranes, Bucket trucks); Vehicle Class (Class 4, Class 5, Class 6, Class 7, Class 8), Application (Rental, Construction, and Utility), and Geography

  • Report Date : Nov 2025
  • Report Code : TIPRE00008805
  • Category : Automotive and Transportation
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150
Page Updated: Sep 2024

The Boom Truck Market is expected to register a CAGR of 8.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Product (Boom truck cranes, Bucket trucks); Vehicle Class (Class 4, Class 5, Class 6, Class 7, Class 8), Application (Rental, Construction, and Utility). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Boom Truck Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Boom Truck Market Segmentation

Product

  • Boom truck cranes
  • Bucket trucks

Vehicle Class

  • Class 4
  • Class 5
  • Class 6
  • Class 7
  • Class 8

Application

  • Rental
  • Construction
  • Utility

Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America

Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America

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You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Boom Truck Market: Strategic Insights

boom-truck-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Boom Truck Market Growth Drivers

  • Rising Environmental Consciousness: Rapid technological advancement is also driving the boom truck market. Automation, telematics, and electric vehicle technology are a few examples that enhance the efficiency of boom truck. Increasing operational effectiveness and decreasing costs of operations are increasingly a reason for businesses across various industries because the improvements enhance operational effectiveness and performance.
  • Growth of E-commerce and Logistics: There is an emerging demand for boom truck in the fast-growing e-commerce sector, which generates immense volumes of industrial trucks needed in these warehouses and distribution centers

Boom Truck Market Future Trends

  • Shift Towards Electric and Autonomous Trucks: Another sector of industrial trucks where an increase in opportunity exists is in the development and adoption of electric and autonomous boom truck. Electric trucks are gaining popularity in companies looking to reduce their carbon footprint as well as satisfy increasingly more stringent regulatory emissions rules.
  • Expansion in Emerging Markets:Emerging Markets Growth in emerging markets is one of the major opportunities for the Boom Truck Market . As developing countries start modernizing their infrastructure and developing their industrial basis, boom truck will be increasingly in demand.

Boom Truck Market Opportunities

  • Increased Sustainability Focus: Going off the pattern in Boom Truck Market trends, the future is one of sustainability trends ever more pronounced. Interest in green practices appears to be impacting more and more companies; hence, there exists a trend toward electric trucks and alternative fuel options. That's both in terms of regulatory pressure but also from the demand from consumers for greener options.
  • Data Analytics and Telematics Integration: Integration of data analytics with telematics has resulted in transforming the way businesses function. These technologies provide real-time data for determining the condition of vehicles, what kind of maintenance is required, efficiency in operations, and thus allow proper decision-making and optimization in logistics processes.

Boom Truck Market Regional Insights

The regional trends and factors influencing the Boom Truck Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Boom Truck Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Boom Truck Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 5.3%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Product
  • Boom truck cranes
  • Bucket trucks
By Vehicle Class
  • Class 4
  • Class 5
  • Class 6
  • Class 7
  • Class 8
By Application
  • Rental
  • Construction
  • Utility
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Load King
  • Manitex Inc.
  • Manitowoc Cranes
  • Palfinger AG
  • Tadano Ltd.
  • CTE Group SPA
  • Bronto Skylift
  • Axion Lift
  • Altec Inc.
  • Aichi Corporation

  • Boom Truck Market Players Density: Understanding Its Impact on Business Dynamics

    The Boom Truck Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.


    boom-truck-market-cagr

    • Get the Boom Truck Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Boom Truck Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Boom Truck Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.


    Frequently Asked Questions

    1

    What are the deliverable formats of the report?

    The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
    2

    What are the options available for the customization of this report?

    Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
    3

    Which are the leading players operating in the Boom Truck Market

    The leading players operating in the Boom Truck Market include Load KingManitex Inc., Manitowoc Cranes, Palfinger AG, Tadano Ltd., CTE Group SPA, Bronto Skylift, Axion Lift, Altec Inc., and Aichi Corporation
    4

    What is the future trend of the Boom Truck Market ?

    Increased sustainability focus is the key future trend of the Boom Truck Market
    5

    What is the expected CAGR of the Boom Truck Market ?

    The Boom Truck Market is estimated to witness a CAGR of 8.3% from 2023 to 2031
    6

    What are the growth opportunities impacting the global Boom Truck Market ?

    The major factors driving the Boom Truck Market are:Rising Environmental Consciousness#Growth of E-commerce and Logistics
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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