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

Industry : Infrastructure
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Published Date : NA

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Summary

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Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 10.65 Billion
CAGR (2023-2028)	6.13%
Fastest Growing Segment	Articulating Boom Lifts
Largest Market	Asia-Pacific

Market Overview

The Global Boom Lifts Market has valued at USD 10.65 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.13% through 2028. The Global Boom Lifts Market is a dynamic and thriving sector within the broader construction and industrial equipment industry. Boom lifts, also known as aerial work platforms (AWPs), are essential tools for tasks requiring elevated access and precise positioning. This market is driven by several key factors, including the rising demand for infrastructure development and construction projects worldwide. As urbanization accelerates and governments invest in transportation networks, housing, and public facilities, the need for access equipment like boom lifts continues to grow. Safety and productivity are paramount in industries that rely on boom lifts, fueling a significant emphasis on advanced safety features and operator training. Manufacturers are continually innovating to enhance the performance, efficiency, and versatility of boom lifts, incorporating technologies such as precise control systems, advanced battery options for electric models, and remote monitoring capabilities. The versatility of boom lifts extends their use to a diverse range of applications, including agriculture, telecommunications, film production, and warehousing. Moreover, the rental market for boom lifts is expanding as construction and industrial companies seek flexible and cost-effective solutions for their elevated access needs.

Key Market Drivers

Rising Demand for Infrastructure Development and Construction

One of the primary drivers of the Global Boom Lifts Market is the increasing demand for infrastructure development and construction projects worldwide. As populations grow, urbanization accelerates, and governments invest in upgrading transportation networks, housing, and public facilities, the need for access equipment like boom lifts has never been greater. Boom lifts are essential tools for tasks such as building construction, maintenance, painting, and repair work at elevated heights. Rapid urbanization in emerging economies, coupled with ongoing infrastructure renewal projects in developed nations, continues to drive a robust demand for boom lifts. This trend is expected to persist as cities expand, industrial facilities require upkeep, and transportation infrastructure undergoes upgrades to accommodate growing populations.

Growing Emphasis on Safety and Productivity

Safety and productivity are paramount concerns in industries that rely on boom lifts, such as construction, maintenance, and utilities. This emphasis on safety is a significant driver of the market. Boom lifts are designed with advanced safety features, including fall protection systems, load sensors, and stability controls, to minimize the risk of accidents. Additionally, operators are required to undergo comprehensive training to ensure safe operation. Enhanced safety measures not only protect workers but also reduce downtime and mitigate the financial and reputational costs associated with accidents. As industries prioritize the well-being of their workforce and seek to optimize operations, the demand for safer and more efficient boom lifts is expected to grow, driving innovation and market expansion.

Technological Advancements and Innovation

Technological advancements and innovation continue to be key drivers in the Global Boom Lifts Market. Manufacturers are constantly developing new features and capabilities to enhance the performance, efficiency, and versatility of boom lifts. These innovations include improved control systems, more precise positioning, advanced battery technology for electric models, and enhanced telematics for remote monitoring and diagnostics. Technological progress is not only driven by customer demand for higher productivity and ease of use but also by environmental considerations. The development of electric and hybrid boom lifts, which produce fewer emissions and are suitable for indoor use, aligns with green construction practices and stricter environmental regulations. As technology continues to evolve, manufacturers are poised to meet market demands and remain competitive.

Expanding Use of Boom Lifts in Diverse Applications

The versatility of boom lifts is a significant driver of market growth. These machines find applications across a wide range of industries beyond construction and maintenance. For instance, they are used in agriculture for tasks like fruit picking and pruning, in telecommunications for tower maintenance, in film production for camera work, and in warehouse operations for inventory management. The expanding use of boom lifts in diverse applications is opening up new market opportunities and driving increased demand. This trend is likely to continue as industries recognize the benefits of utilizing boom lifts for tasks that require elevated access and precise positioning, further expanding the Global Boom Lifts Market.

Rental Market Expansion

The rental market for boom lifts is experiencing substantial growth and is a significant driver of the overall market. Many construction companies and industrial facilities opt to rent boom lifts rather than purchasing them outright due to the flexibility and cost-effectiveness of rental arrangements. Renting boom lifts allows businesses to access a wide range of equipment without the upfront capital investment, making it an attractive option for short-term projects or seasonal work. Rental companies are expanding their fleets to meet the increasing demand, offering a variety of boom lift options, from small electric models to large rough-terrain units. As rental providers offer value-added services like equipment maintenance, training, and flexible rental terms, the rental market is expected to remain a prominent driver of growth in the Global Boom Lifts Market.

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Key Market Challenges

Economic Uncertainty and Market Volatility

One of the significant challenges affecting the Global Boom Lifts Market is economic uncertainty and market volatility. The boom lifts industry is closely tied to broader economic conditions, including construction activity, infrastructure investment, and industrial projects. During economic downturns, such as recessions or financial crises, these sectors often experience reduced budgets and project delays, leading to decreased demand for boom lifts. Moreover, fluctuations in raw material prices, currency exchange rates, and global trade tensions can impact manufacturing costs and pricing strategies. Navigating this economic uncertainty requires market players to maintain flexibility in production and distribution, diversify into less cyclical markets, and adapt to changing customer demands to withstand market downturns.

Stringent Regulatory Compliance

Boom lifts are subject to strict regulatory standards and safety requirements in many regions, posing a significant challenge for manufacturers and users alike. Compliance with safety regulations is essential to ensure the safety of operators and worksite personnel. Meeting these standards involves rigorous testing, documentation, and certification processes, which can be time-consuming and costly. Failure to adhere to these regulations can result in fines, legal liabilities, and damage to a company's reputation. Additionally, as safety standards evolve and become more stringent, manufacturers must continually invest in research and development to design and produce compliant equipment. Staying updated with evolving regulations, maintaining compliance, and investing in safety innovations remain pressing challenges for the boom lifts industry.

Intense Market Competition

The Global Boom Lifts Market is highly competitive, with numerous manufacturers and rental companies vying for market share. This intense competition can lead to pricing pressures, reduced profit margins, and the need for constant innovation to differentiate products. Customers often have a wide range of options when it comes to boom lift suppliers, which puts pressure on market players to offer competitive pricing, better technology, and superior customer service. Competition is further intensified by the entry of new players, both domestic and international, seeking to capitalize on the growing demand for aerial work platforms. To address this challenge, companies must focus on product differentiation, quality assurance, and strategic marketing to maintain a competitive edge.

Technological Advancements and Product Complexity

While technological advancements can be a market trend, they also present a challenge in the Global Boom Lifts Market. As manufacturers strive to incorporate advanced features, improve efficiency, and enhance safety, boom lifts are becoming more complex and sophisticated. This complexity can lead to challenges in terms of maintenance, operator training, and repair. Skilled technicians are required to service and troubleshoot modern boom lifts, and operators need comprehensive training to utilize the full range of capabilities effectively. Furthermore, integrating cutting-edge technology, such as remote monitoring and telematics, demands significant investment in research and development. Balancing technological innovation with ease of use and serviceability is an ongoing challenge for the industry.

Environmental Concerns and Emission Regulations

The growing emphasis on environmental sustainability and stricter emission regulations is a substantial challenge for the Global Boom Lifts Market. As governments worldwide introduce tighter restrictions on emissions from diesel-powered equipment, manufacturers are pressured to develop cleaner and more fuel-efficient alternatives. While electric and hybrid boom lifts offer eco-friendly options, they come with their own set of challenges, including the need for advanced battery technologies and infrastructure for electric charging. Additionally, the transition from traditional diesel-powered models to electric or hybrid variants can be costly and require retooling of manufacturing processes. Meeting both regulatory requirements and customer demands for environmentally friendly solutions is a complex challenge that the industry must address to remain compliant and competitive.

Key Market Trends

Growing Demand for Electric and Hybrid Boom Lifts

The Global Boom Lifts Market is witnessing a significant trend towards the adoption of electric and hybrid boom lifts. As environmental concerns continue to gain prominence worldwide, industries are seeking more sustainable and eco-friendly equipment options. Electric boom lifts, in particular, have gained popularity due to their low emissions, reduced noise levels, and suitability for indoor use. Hybrid models, combining electric and diesel power, offer versatility for both indoor and outdoor applications. This trend aligns with the push for green construction practices and stricter emissions regulations in many regions. Manufacturers are responding by investing in the development of advanced battery technologies and hybrid systems, making electric and hybrid boom lifts more accessible and efficient for a wider range of applications.

Emphasis on Enhanced Safety Features

Safety has always been a top priority in the construction and industrial sectors, and the boom lifts market is no exception. A prominent trend is the continuous improvement and integration of safety features in boom lift designs. Manufacturers are incorporating technologies such as advanced sensor systems, collision avoidance systems, enhanced stability controls, and improved operator training programs to enhance the safety of boom lift operations. These safety enhancements not only reduce the risk of accidents but also contribute to increased efficiency and productivity as operators can work with confidence in challenging environments. This trend is expected to persist as regulatory bodies and industry stakeholders continue to emphasize the importance of safety in aerial work platforms.

Remote Monitoring and Telematics Integration

The integration of remote monitoring and telematics solutions is transforming how boom lifts are managed and maintained. This trend involves equipping boom lifts with sensors and communication technology that allows real-time tracking of equipment performance, location, and maintenance needs. Telematics systems enable fleet managers to monitor the health and usage of their boom lifts, schedule preventive maintenance, and optimize equipment deployment. This trend not only improves the reliability and longevity of boom lifts but also reduces downtime and operating costs. As digitalization continues to reshape the construction equipment industry, the adoption of remote monitoring and telematics is expected to grow, helping businesses make data-driven decisions and achieve higher levels of operational efficiency.

Market Expansion in Developing Regions

The Global Boom Lifts Market is experiencing significant expansion in developing regions, driven by increased construction and infrastructure development activities. Emerging economies in Asia, Latin America, and Africa are witnessing rapid urbanization and investment in construction projects, creating a growing demand for access equipment like boom lifts. Government initiatives aimed at improving infrastructure, housing, and industrial facilities are further boosting market growth in these regions. Market players are capitalizing on these opportunities by expanding their presence, establishing local manufacturing facilities, and tailoring products to meet the specific needs and preferences of customers in developing markets. This trend is expected to continue as these regions remain focal points for economic growth and development.

Rental Market Dominance

The rental market for boom lifts is on the rise, with many construction and industrial companies opting to rent equipment rather than purchase it outright. This trend is driven by several factors, including cost-effectiveness, flexibility, and reduced maintenance responsibilities. Renting boom lifts allows businesses to access the latest equipment models without the upfront capital investment, making it an attractive option for short-term or project-specific needs. Rental companies are responding to this trend by expanding their fleets, offering a wide range of boom lift options, and providing value-added services such as operator training and equipment maintenance. The rental market is expected to remain a dominant force in the Global Boom Lifts Market as companies prioritize flexibility and cost-efficiency in their equipment acquisition strategies.

Segmental Insights

Movement Type Insights

Mobile segment dominates in the global boom lifts market in 2022. Mobile boom lifts are capable of both vertical and horizontal reach, allowing them to access elevated work areas and move between multiple points without requiring a fixed installation. This versatility makes them indispensable for tasks like construction, maintenance, repair, and installation across various industries. Mobile boom lifts are designed for easy transport, typically featuring wheels or tracks for on-site maneuverability. Their mobility reduces the time and cost associated with setup and teardown, making them ideal for short-term or temporary projects.

Mobile boom lifts are capable of reaching a wide range of heights, from a few meters to over 50 meters, depending on the model. This accessibility makes them suitable for various applications, including building construction, maintenance of infrastructure, and tasks in industrial facilities.

Manufacturers have continually improved mobile boom lift designs, incorporating advanced features like hybrid or electric power options, enhanced safety systems, and telematics for remote monitoring and diagnostics.

Product Type Insights

Articulating boom lifts segment dominates in the global boom lifts market in 2022. This segment held a dominant position for several reasons. Articulating boom lifts, also known as knuckle booms or cherry pickers, are highly versatile and adaptable machines designed for tasks that require precise positioning in confined or hard-to-reach spaces. They are equipped with multiple boom sections that articulate, allowing for flexible maneuverability and access to complex work areas such as construction sites, maintenance projects, and industrial facilities.

Articulating boom lifts excel at reaching heights with maximum flexibility. Their ability to articulate and access tight spaces makes them indispensable in industries like construction, where they can navigate around obstacles and reach elevated work zones with ease.

Articulating boom lifts often include advanced safety features such as proportional controls, stability systems, and precise positioning, which enhance operator safety and reduce accidents in challenging working conditions.

These lifts are utilized in a wide range of applications, from window cleaning and building maintenance to tree trimming and electrical work. Their adaptability makes them suitable for various industries, driving consistent demand.

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Regional Insights

North Ameria dominates the global boom lifts market in 2022. North America, particularly the United States, boasts a robust economy with a significant focus on construction, infrastructure development, and industrial projects. The consistent demand for boom lifts in these sectors has fueled market growth. The region's economic stability encourages businesses to invest in equipment like boom lifts, ensuring a steady market.

North America has been a pioneer in technological innovations across various industries, including manufacturing and construction. The region's commitment to adopting advanced technology has led to the development of more efficient, safer, and versatile boom lifts. These innovations attract global buyers looking for high-quality equipment.

North America has some of the most stringent safety regulations for construction and industrial equipment. Compliance with these regulations is essential for market access. Manufacturers in the region are incentivized to produce safe and compliant boom lifts, which in turn bolsters their reputation and market share.

North America continually invests in infrastructure development and maintenance, leading to a consistent need for access equipment like boom lifts. This long-term demand sustains the market's growth and attracts international manufacturers and suppliers.

Recent Developments

In September 2023, Hy-Brid Lifts, an industry leader in high-quality, low-level access equipment, announces they have entered into a strategic partnership with ASKO, which is acquiring a majority stake in the company.
In May 2023, LiuGong are set to launch their new, electric LA20JE Telescopic Boom Lifts at Vertikal Days 2023 and showcase a comprehensive range of electric scissor lifts from 4.5m to 12m working heights.

Key Market Players

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.

By Product Type	By Movement Type	By Engine Type	By End User Industry	By Region
Articulating Boom Lifts Telescopic Boom Lifts Straight Boom Lifts Others	Mobile Fixed	Electric Engine Powered	Construction Industry Mining Industry Oil Gas Industry Others	North America Europe South America Middle East & Africa Asia Pacific

Report Scope:

In this report, the Global Boom Lifts Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Boom Lifts Market, By Product Type:

o Articulating Boom Lifts

o Telescopic Boom Lifts

o Straight Boom Lifts

o Others

Boom Lifts Market, By Movement Type:

o Mobile

o Fixed

Boom Lifts Market, By Engine Type:

o Electric

o Engine Powered

Boom Lifts Market, By End User Industry:

o Construction Industry

o Mining Industry

o Oil Gas Industry

o Others

Boom Lifts Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ Germany

§ France

§ United Kingdom

§ Italy

§ Spain

o South America

§ Brazil

§ Argentina

§ Colombia

o Asia-Pacific

§ China

§ India

§ Japan

§ South Korea

§ Australia

o Middle East & Africa

§ Saudi Arabia

§ UAE

§ South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Boom Lifts Market.

Available Customizations:

Global Boom Lifts Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Boom Lifts Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Boom Lifts Market

5. Voice of Customer

6. Global Boom Lifts Market Overview

7. Global Boom Lifts Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type (Articulating Boom Lifts, Telescopic Boom Lifts, Straight Boom Lifts, Others)

7.2.2. By Movement Type (Mobile, Fixed)

7.2.3. By Engine Type (Electric, Engine Powered)

7.2.4. By End User Industry (Construction Industry, Mining Industry, Oil Gas Industry, Others)

7.2.5. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2022)

7.4. Market Map

8. North America Boom Lifts Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Movement Type

8.2.3. By Engine Type

8.2.4. By End User Industry

8.2.5. By Country

8.2.5.1. United States Boom Lifts Market Outlook

8.2.5.1.1. Market Size & Forecast

8.2.5.1.1.1. By Value

8.2.5.1.2. Market Share & Forecast

8.2.5.1.2.1. By Product Type

8.2.5.1.2.2. By Movement Type

8.2.5.1.2.3. By Engine Type

8.2.5.1.2.4. By End User Industry

8.2.5.2. Canada Boom Lifts Market Outlook

8.2.5.2.1. Market Size & Forecast

8.2.5.2.1.1. By Value

8.2.5.2.2. Market Share & Forecast

8.2.5.2.2.1. By Product Type

8.2.5.2.2.2. By Movement Type

8.2.5.2.2.3. By Engine Type

8.2.5.2.2.4. By End User Industry

8.2.5.3. Mexico Boom Lifts Market Outlook

8.2.5.3.1. Market Size & Forecast

8.2.5.3.1.1. By Value

8.2.5.3.2. Market Share & Forecast

8.2.5.3.2.1. By Product Type

8.2.5.3.2.2. By Movement Type

8.2.5.3.2.3. By Engine Type

8.2.5.3.2.4. By End User Industry

9. Europe Boom Lifts Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Movement Type

9.2.3. By Engine Type

9.2.4. By End User Industry

9.2.5. By Country

9.2.5.1. Germany Boom Lifts Market Outlook

9.2.5.1.1. Market Size & Forecast

9.2.5.1.1.1. By Value

9.2.5.1.2. Market Share & Forecast

9.2.5.1.2.1. By Product Type

9.2.5.1.2.2. By Movement Type

9.2.5.1.2.3. By Engine Type

9.2.5.1.2.4. By End User Industry

9.2.5.2. France Boom Lifts Market Outlook

9.2.5.2.1. Market Size & Forecast

9.2.5.2.1.1. By Value

9.2.5.2.2. Market Share & Forecast

9.2.5.2.2.1. By Product Type

9.2.5.2.2.2. By Movement Type

9.2.5.2.2.3. By Engine Type

9.2.5.2.2.4. By End User Industry

9.2.5.3. United Kingdom Boom Lifts Market Outlook

9.2.5.3.1. Market Size & Forecast

9.2.5.3.1.1. By Value

9.2.5.3.2. Market Share & Forecast

9.2.5.3.2.1. By Product Type

9.2.5.3.2.2. By Movement Type

9.2.5.3.2.3. By Engine Type

9.2.5.3.2.4. By End User Industry

9.2.5.4. Italy Boom Lifts Market Outlook

9.2.5.4.1. Market Size & Forecast

9.2.5.4.1.1. By Value

9.2.5.4.2. Market Share & Forecast

9.2.5.4.2.1. By Product Type

9.2.5.4.2.2. By Movement Type

9.2.5.4.2.3. By Engine Type

9.2.5.4.2.4. By End User Industry

9.2.5.5. Spain Boom Lifts Market Outlook

9.2.5.5.1. Market Size & Forecast

9.2.5.5.1.1. By Value

9.2.5.5.2. Market Share & Forecast

9.2.5.5.2.1. By Product Type

9.2.5.5.2.2. By Movement Type

9.2.5.5.2.3. By Engine Type

9.2.5.5.2.4. By End User Industry

10. South America Boom Lifts Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Movement Type

10.2.3. By Engine Type

10.2.4. By End User Industry

10.2.5. By Country

10.2.5.1. Brazil Boom Lifts Market Outlook

10.2.5.1.1. Market Size & Forecast

10.2.5.1.1.1. By Value

10.2.5.1.2. Market Share & Forecast

10.2.5.1.2.1. By Product Type

10.2.5.1.2.2. By Movement Type

10.2.5.1.2.3. By Engine Type

10.2.5.1.2.4. By End User Industry

10.2.5.2. Colombia Boom Lifts Market Outlook

10.2.5.2.1. Market Size & Forecast

10.2.5.2.1.1. By Value

10.2.5.2.2. Market Share & Forecast

10.2.5.2.2.1. By Product Type

10.2.5.2.2.2. By Movement Type

10.2.5.2.2.3. By Engine Type

10.2.5.2.2.4. By End User Industry

10.2.5.3. Argentina Boom Lifts Market Outlook

10.2.5.3.1. Market Size & Forecast

10.2.5.3.1.1. By Value

10.2.5.3.2. Market Share & Forecast

10.2.5.3.2.1. By Product Type

10.2.5.3.2.2. By Movement Type

10.2.5.3.2.3. By Engine Type

10.2.5.3.2.4. By End User Industry

11. Middle East & Africa Boom Lifts Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Product Type

11.2.2. By Movement Type

11.2.3. By Engine Type

11.2.4. By End User Industry

11.2.5. By Country

11.2.5.1. Saudi Arabia Boom Lifts Market Outlook

11.2.5.1.1. Market Size & Forecast

11.2.5.1.1.1. By Value

11.2.5.1.2. Market Share & Forecast

11.2.5.1.2.1. By Product Type

11.2.5.1.2.2. By Movement Type

11.2.5.1.2.3. By Engine Type

11.2.5.1.2.4. By End User Industry

11.2.5.2. UAE Boom Lifts Market Outlook

11.2.5.2.1. Market Size & Forecast

11.2.5.2.1.1. By Value

11.2.5.2.2. Market Share & Forecast

11.2.5.2.2.1. By Product Type

11.2.5.2.2.2. By Movement Type

11.2.5.2.2.3. By Engine Type

11.2.5.2.2.4. By End User Industry

11.2.5.3. South Africa Boom Lifts Market Outlook

11.2.5.3.1. Market Size & Forecast

11.2.5.3.1.1. By Value

11.2.5.3.2. Market Share & Forecast

11.2.5.3.2.1. By Product Type

11.2.5.3.2.2. By Movement Type

11.2.5.3.2.3. By Engine Type

11.2.5.3.2.4. By End User Industry

12. Asia Pacific Boom Lifts Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Size & Forecast

12.2.1. By Product Type

12.2.2. By Movement Type

12.2.3. By Engine Type

12.2.4. By End User Industry

12.2.5. By Country

12.2.5.1. China Boom Lifts Market Outlook

12.2.5.1.1. Market Size & Forecast

12.2.5.1.1.1. By Value

12.2.5.1.2. Market Share & Forecast

12.2.5.1.2.1. By Product Type

12.2.5.1.2.2. By Movement Type

12.2.5.1.2.3. By Engine Type

12.2.5.1.2.4. By End User Industry

12.2.5.2. India Boom Lifts Market Outlook

12.2.5.2.1. Market Size & Forecast

12.2.5.2.1.1. By Value

12.2.5.2.2. Market Share & Forecast

12.2.5.2.2.1. By Product Type

12.2.5.2.2.2. By Movement Type

12.2.5.2.2.3. By Engine Type

12.2.5.2.2.4. By End User Industry

12.2.5.3. Japan Boom Lifts Market Outlook

12.2.5.3.1. Market Size & Forecast

12.2.5.3.1.1. By Value

12.2.5.3.2. Market Share & Forecast

12.2.5.3.2.1. By Product Type

12.2.5.3.2.2. By Movement Type

12.2.5.3.2.3. By Engine Type

12.2.5.3.2.4. By End User Industry

12.2.5.4. South Korea Boom Lifts Market Outlook

12.2.5.4.1. Market Size & Forecast

12.2.5.4.1.1. By Value

12.2.5.4.2. Market Share & Forecast

12.2.5.4.2.1. By Product Type

12.2.5.4.2.2. By Movement Type

12.2.5.4.2.3. By Engine Type

12.2.5.4.2.4. By End User Industry

12.2.5.5. Australia Boom Lifts Market Outlook

12.2.5.5.1. Market Size & Forecast

12.2.5.5.1.1. By Value

12.2.5.5.2. Market Share & Forecast

12.2.5.5.2.1. By Product Type

12.2.5.5.2.2. By Movement Type

12.2.5.5.2.3. By Engine Type

12.2.5.5.2.4. By End User Industry

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. JLG Industries, Inc. (Oshkosh Corporation)

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services Offered

15.2. Terex Corporation

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services Offered

15.3. Genie Industries, Inc. (Terex Corporation)

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services Offered

15.4. Skyjack International Inc.

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services Offered

15.5. Haulotte Group

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services Offered

15.6. Manitou Group

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services Offered

15.7. Zoomlion Heavy Industry Science and Technology Co., Ltd.

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services Offered

15.8. Sinoboom Group Co., Ltd.

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services Offered

15.9. XCMG Group Co., Ltd.

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services Offered

15.10.Sany Group Co., Ltd.

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the global boom lifts market in 2022?

The market size of the global boom lifts market was estimated to be USD 10.65 Billion in 2022.

Which was the dominant segment in the global boom lifts market in 2022, by product type?

Articulating boom lifts is the dominant segment in the global boom lifts market in 2022 by product type.

What are the challenges in the global boom lifts market?

The challenges in the global boom lifts market include economic uncertainty and market volatility, stringent regulatory compliance, intense market competition, etc.

What are the major drivers for the global boom lifts market?

The major drivers for the global boom lifts market include rising demand for infrastructure development and construction, growing emphasis on safety and productivity, technological advancements and innovation, expanding use of boom lifts in diverse applications, etc.

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Srishti Verma

Business Consultant

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Press Release

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

Oct, 2023

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.