Press Release

Global Boom Lifts Market Expands with Articulating Boom Lifts Segment at a robust CAGR

The increasing global Boom Lifts market is driven by rising demand for infrastructure development and construction, growing emphasis on safety and productivity during the forecast period 2024-2028.

 

According to TechSci Research report, “Global Boom Lifts Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, The Global Boom Lifts Market continues to thrive, showcasing robust growth and innovation amid evolving industry dynamics. A new market report reveals that the demand for boom lifts, essential in construction, maintenance, and various industries requiring elevated access, remains strong, driven by global infrastructure development projects and the increasing emphasis on sustainability. The Global Boom Lifts Market, segmented into various categories, including electric and engine-powered models, is witnessing a notable shift towards sustainability. Electric boom lifts have been gaining prominence due to their eco-friendly attributes. These machines produce zero emissions at the point of use, aligning perfectly with the stringent environmental regulations and green construction practices that are becoming increasingly prevalent worldwide. The reduced emissions, lower operational costs, and versatility of electric boom lifts make them a preferred choice for both indoor and outdoor applications. As a result, they have been dominating the market. The versatility of boom lifts has also contributed to their continued growth. These machines find applications in a diverse range of industries, including construction, telecommunications, agriculture, and manufacturing. Their ability to access elevated work zones with precision and ease has made them indispensable tools for a wide range of tasks, driving consistent demand across sectors.

 Safety and productivity remain paramount in the industry. Manufacturers have been consistently investing in research and development to enhance the safety features of boom lifts. These advancements include advanced sensor systems, collision avoidance technology, and improved stability controls, which not only protect operators but also reduce downtime and enhance productivity on job sites.


 

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The rental market for boom lifts is also expanding, offering businesses flexibility and cost-effective solutions. Many construction and industrial companies opt to rent boom lifts rather than making upfront purchases. Rental providers have been expanding their fleets and offering a wide range of boom lift options, including electric and engine-powered models, to cater to diverse customer needs.

Innovation continues to be a cornerstone of the industry, with manufacturers continually developing new features and capabilities. These innovations include improved control systems, more precise positioning, advanced battery technology for electric models, and enhanced telematics for remote monitoring and diagnostics. Technology-driven progress is not only meeting customer demands for higher productivity and ease of use but also addressing environmental concerns.

While electric boom lifts are currently dominating the market due to their eco-friendliness, it is important to note that engine-powered boom lifts, fueled by diesel or gasoline, remain a relevant segment. They excel in applications requiring higher reach and rough-terrain capabilities, making them essential for specific construction and outdoor projects.

The global Boom Lifts market is segmented into type, offering, power source, sales type, end-user application, and region. Based on product type, the market is segmented into articulating boom lifts, telescopic boom lifts, straight boom lifts, others. Based on movement type, the market is segmented into mobile and fixed. Based on engine type, the market is segmented into electric, engine powered. Based on end user industry, the market is segmented into construction industry, mining industry, oil gas industry, others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

Based on engine type, electric boom dominates in the global Boom Lifts market in 2022. The dominance of electric boom lifts can be attributed to several key factors. First and foremost is the increasing emphasis on environmental sustainability and the need to reduce emissions in various industries. Electric boom lifts produce zero emissions at the point of use, making them an eco-friendly choice suitable for both indoor and outdoor applications. This aligns with stricter environmental regulations and the growing preference for green construction practices.

Furthermore, electric boom lifts offer advantages in terms of noise reduction and reduced operational costs. They are quieter than their engine-powered counterparts, making them suitable for urban and noise-sensitive environments. Additionally, electric boom lifts tend to have lower fuel and maintenance costs since they do not rely on internal combustion engines. This cost-efficiency appeals to businesses looking to optimize their operational expenses.

The versatility of electric boom lifts in various applications also contributes to their dominance. They are used extensively in tasks such as building maintenance, facility management, construction, and warehouse operations. Their ability to operate indoors without emitting harmful fumes makes them ideal for work in enclosed spaces.

Manufacturers have responded to the demand for electric boom lifts by investing in battery technology and improving the efficiency and runtime of electric models. This ongoing innovation ensures that electric boom lifts can compete with their engine-powered counterparts in terms of performance and reach.


Key market players in the global Boom Lifts market are: -

  • JLG Industries, Inc. (Oshkosh Corporation)
  • Terex Corporation
  • Genie Industries, Inc. (Terex Corporation)
  • Skyjack International Inc.
  • Haulotte Group
  • Manitou Group
  • Zoomlion Heavy Industry Science and Technology Co., Ltd.
  • Sinoboom Group Co., Ltd.
  • XCMG Group Co., Ltd.
  • Sany Group Co., Ltd.

 

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“The Global Boom Lifts Market is a vital segment of the construction and industrial equipment industry, experiencing steady growth. Fueled by increasing infrastructure development and construction projects worldwide, boom lifts are in high demand. Safety and productivity remain paramount, driving continuous innovation in safety features and technology. These versatile machines find applications in various industries, from agriculture to telecommunications. The rental market for boom lifts is also expanding, offering flexibility and cost-effective solutions. Overall, the Global Boom Lifts Market presents a promising landscape driven by market demand, technological advancements, diverse applications, and the growing rental market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Boom Lifts Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Articulating Boom Lifts, Telescopic Boom Lifts, Straight Boom Lifts, Others), By Movement Type (Mobile, Fixed), By Engine Type (Electric, Engine Powered), By End User Industry (Construction Industry, Mining Industry, Oil Gas Industry, Others), By Region, and By Competition, 2018-2028,” has evaluated the future growth potential of Global Boom Lifts Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Boom Lifts Market.


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