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    Boom Truck Market

    ID: MRFR/CO/6639-HCR
    100 Pages
    Sakshi Gupta
    September 2025

    Boom Truck Market Research Report Information, by Capacity (Up to 15 Tons, 15 Tons–25 Tons, 25 Tons–35 Tons and Above 35 Tons), Application (Construction, Utilities, Industries and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2032

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    Boom Truck Market Research Report - Global Forecast 2032 Infographic
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    Table of Contents

    Boom Truck Market Summary

    As per Market Research Future Analysis, the Boom Truck Market was valued at USD 3085.8 Million in 2023 and is projected to grow to USD 4953.6 Million by 2032, with a CAGR of 5.48% from 2024 to 2032. The market is driven by urbanization and growth in the construction sector, despite challenges posed by the COVID-19 pandemic. The boom truck's versatility and ability to operate in confined spaces make it a preferred choice in urban environments. The market is also witnessing a shift towards rental units, which is expected to enhance growth opportunities.

    Key Market Trends & Highlights

    Key trends influencing the Boom Truck Market include urbanization, construction growth, and rental demand.

    • Boom Truck Market Size in 2023: USD 3085.8 Million
    • Projected Market Size by 2032: USD 4953.6 Million
    • CAGR from 2024 to 2032: 5.48%
    • Largest Market Share Region: Asia Pacific at 35%

    Market Size & Forecast

    2023 Market Size USD 3085.8 Million
    2024 Market Size USD 3231.7 Million
    2032 Market Size USD 4953.6 Million

    Major Players

    Manitowoc (US), Fassi Gru S.p.A. (Italy), Elliott Equipment Company (US), Manitex International Inc. (US), Load King (US), Altec Industries (US), Liebherr-International AG (Switzerland), XCMG Group (China), Tadano Ltd (Japan)

    Boom Truck Market Trends

    The ongoing evolution of infrastructure development and urbanization appears to drive a steady demand for boom trucks, reflecting their essential role in enhancing operational efficiency across various sectors.

    U.S. Department of Transportation

    Boom Truck Market Drivers

    Urbanization Trends

    Urbanization trends across the globe are influencing the demand for boom trucks in the Global Boom Truck Market Industry. As urban areas expand, the need for construction and maintenance of buildings, roads, and other infrastructure increases. Boom trucks are essential for accessing hard-to-reach areas and performing tasks at height, making them indispensable in urban construction projects. The rapid growth of cities, particularly in developing regions, is likely to sustain the demand for boom trucks. This urban expansion aligns with the projected market growth, as the industry adapts to meet the needs of increasingly complex urban environments.

    Market Growth Projections

    The Global Boom Truck Market Industry is projected to experience substantial growth over the next decade. The market is expected to reach a valuation of 3.23 USD Billion in 2024, with a compound annual growth rate of 5.48% anticipated from 2025 to 2035. By 2035, the market could potentially expand to 5.81 USD Billion, reflecting the increasing reliance on boom trucks across various sectors. This growth trajectory indicates a robust demand for boom trucks, driven by factors such as infrastructure development, technological advancements, and urbanization trends.

    Infrastructure Development

    The ongoing global infrastructure development initiatives significantly drive the Global Boom Truck Market Industry. Governments worldwide are investing heavily in infrastructure projects, including roads, bridges, and public transportation systems. For instance, the United States has proposed substantial funding for infrastructure improvements, which is expected to enhance the demand for boom trucks. As these projects require specialized equipment for lifting and placing materials, the boom truck market is poised for growth. The industry is projected to reach a valuation of 3.23 USD Billion in 2024, reflecting the increasing reliance on boom trucks in construction and maintenance activities.

    Technological Advancements

    Technological advancements in boom truck design and functionality are likely to propel the Global Boom Truck Market Industry forward. Innovations such as improved hydraulic systems, enhanced safety features, and telematics integration are becoming increasingly prevalent. These advancements not only increase operational efficiency but also enhance safety, making boom trucks more appealing to construction companies. As a result, the market is expected to experience a compound annual growth rate of 5.48% from 2025 to 2035. This growth trajectory suggests that companies investing in modern boom truck technologies will likely capture a larger share of the market.

    Rising Demand in Renewable Energy Sector

    The growing emphasis on renewable energy projects is emerging as a significant driver for the Global Boom Truck Market Industry. As countries strive to meet sustainability goals, there is an increasing need for equipment to support the construction and maintenance of renewable energy facilities, such as wind and solar farms. Boom trucks play a crucial role in these projects, facilitating the installation of large components and equipment. This trend is expected to contribute to the market's growth, with projections indicating a market size of 5.81 USD Billion by 2035, underscoring the importance of boom trucks in the renewable energy landscape.

    Regulatory Compliance and Safety Standards

    The implementation of stringent regulatory compliance and safety standards is shaping the Global Boom Truck Market Industry. Governments are enforcing regulations that mandate the use of safe and reliable equipment in construction and maintenance operations. This regulatory environment encourages companies to invest in modern boom trucks that meet these safety requirements. As a result, the market is likely to see an increase in demand for advanced boom trucks equipped with safety features. This trend not only enhances worker safety but also positions companies favorably in a competitive landscape, further driving market growth.

    Market Segment Insights

    Regional Insights

    Key Companies in the Boom Truck Market market include

    Industry Developments

      • The global boom truck market has been witnessing significant growth in the past few years, because of factors like the growing oil and gas industry and a high degree of versatility of boom trucks available in various market locations. The overall boom truck industry is inclusive of boom trucks that can lift heavy equipment, carry loads on the flatbed, and further, hoist personnel using crane buckets. This makes these market cranes more versatile and convenient in the form of market end-users that can use them for various tasks in sectors like the construction sector and project sites.
      • The governments belonging to the prominent market regions like the North American market followed by the Asian Pacific region are likely to loosen their strictness in the resolutions and measures that are likely to help the boom truck market size that is amounting for growth during the forecast period that will be ending in 2028.
      • Boom trucks can be hired on rent that is dependent on the need for projects as per the application. This can be attributed to the reduction in costs associated with renting in comparison to purchasing new cranes. Therefore, the growing degree of demand for rental units is creating a huge growth opportunity for the global boom trucks market during the forecast period that will be ending in 2028.

    Future Outlook

    Boom Truck Market Future Outlook

    The Boom Truck Market is projected to grow at a 5.48% CAGR from 2024 to 2035, driven by urbanization, infrastructure development, and technological advancements.

    New opportunities lie in:

    • Invest in electric boom trucks to meet sustainability demands.
    • Develop advanced telematics for enhanced operational efficiency.
    • Expand rental services to capitalize on fluctuating market needs.

    By 2035, the Boom Truck Market is expected to achieve substantial growth, reflecting evolving industry dynamics.

    Market Segmentation

    Study Objectives

    • The market report helps understand the birth of global market factors for competition and further, understanding the expansion goals that are resulting in steps like mergers and acquisitions for the development of a better portfolio to the global target audience.
    • The market report covers the performance of the market segments and their ability to meet the rising needs of the target audience and further, making a difference to the revenue that is likely to be attained by the market during the forecast period. For a better discussion of the same, the market discusses the basis on which the global market has been segmented to function on a global scale.
    • The boom truck market report has been prepared to understand the trends that have taken birth amid the spread of the pandemic in the year 2020 followed by the market dynamics like drivers and restraints that are available to the market during the ongoing forecast period that will be ending in 2028. Also, the report helps in understanding the steps that will help enhance the market operations to cater to the rising needs of the global target audience.

    Recent Developments

    • Boom trucks can be hired on rent that is dependent on the need for projects as per the application. This can be attributed to the reduction in costs associated with renting in comparison to purchasing new cranes. Therefore, the growing degree of demand for rental units is creating a huge growth opportunity for the global boom trucks market during the forecast period that will be ending in 2028.
    • The governments belonging to the prominent market regions like the North American market followed by the Asian Pacific region are likely to loosen their strictness in the resolutions and measures that are likely to help the boom truck market size that is amounting for growth during the forecast period that will be ending in 2028.
    • The global boom truck market has been witnessing significant growth in the past few years, because of factors like the growing oil and gas industry and a high degree of versatility of boom trucks available in various market locations. The overall boom truck industry is inclusive of boom trucks that can lift heavy equipment, carry loads on the flatbed, and further, hoist personnel using crane buckets. This makes these market cranes more versatile and convenient in the form of market end-users that can use them for various tasks in sectors like the construction sector and project sites.

    Competitive Landscape

    • Tadano Ltd (Japan)
    • XCMG Group (China)
    • Liebherr-International AG (Switzerland)
    • Altec Industries (US)
    • Load King (US)
    • Manitex International Inc. (US)
    • Elliott Equipment Company (US)
    • Fassi Gru S.p.A. (Italy)
    • Manitowoc (US)

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 3085.8 Million
    Market Size 2024 USD 3231.7 Million
    Market Size 2032 USD 4953.6 Million
    Compound Annual Growth Rate (CAGR) 5.48% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 & 2022
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered by Technology, by Application, by Material
    Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled   Manitowoc (US), Manitex International Inc. (US), Elliott Equipment Company (US), Liebherr-International AG (Switzerland), Load King (US), Altec Industries (US), Fassi Gru S.p.A. (Italy), XCMG Group (China), Tadano Ltd (Japan),
    Key Market Opportunities Rapid urbanization Unprecedented growth in the construction sector Increase in focus on innovation in green construction materials
    Key Market Dynamics Growing demand for rental units Many small and medium scale manufacturers being unable to afford the equipment

    Market Highlights

    Author
    Sakshi Gupta
    Research Analyst Level II

    I have about two years of experience working in the consumer goods and retail industries and I am a biotech graduate.A tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. I can produce data-driven solutions while fusing unusual viewpoints with original concepts. I have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. My primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.

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    FAQs

    At what CAGR is the boom truck market projected to grow during the forecast period?

    Boom truck market is projected to grow at a 5.48% CAGR between 2024-2032.

    Which region is expected to dominate the boom truck market?

    The Asia Pacific is expected to dominate the boom truck market.

    Which application segment will lead the boom truck market?

    The construction segment will lead the boom truck market.

    Which capacity segment will dominate the boom truck market?

    The 25-35 tons segment will dominate the boom truck market.

    Which factors may limit the boom truck market?

    Stringent government rules may limit the boom truck market.

    1.     Executive Summary
    2.     Scope of the Report
      1.     Market Definition
      2.     Scope of the Study
        1.     Definition
        2.     Research Objective
        3.     Assumptions
        4.     Limitations
      3.     Research Process
        1.     Primary Research
        2.     Secondary
    3. Research
      1.     Market Size Estimation
    4.  Forecast Model
    5.     Market Landscape
    6.  Porter’s Five Forces Analysis
      1.     Threat of
    7. New Entrants
      1.     Bargaining Power of Buyers
    8.  Threat of Substitutes
      1.     Segment Rivalry
    9.  Bargaining Power of Buyers
      1.     Value Chain/Supply Chain
    10. Analysis
    11.     Market Dynamics
      1.     Introduction
      2.     Market Drivers
      3.     Market Restraints
      4.     Market Opportunities
    12.     Global Boom
    13. Truck Market, by Capacity
      1.     Introduction
    14.  Up to 15 Tons
      1.     Market Estimates & Forecast,
        1.     Market Estimates & Forecast, by Region,
      2.     15 Tons–25 Tons
    15.  Market Estimates & Forecast, 2020-2027
      1.     Market
    16. Estimates & Forecast by Region, 2020-2027
      1.     25 Tons–35
    17. Tons
      1.     Market Estimates & Forecast, 2020-2027
        1.     Market Estimates & Forecast, by Region, 2020-2027
      2.     Above 35 Tons
        1.     Market Estimates
    18. & Forecast, 2020-2027
      1.     Market Estimates & Forecast,
    19. by Region, 2020-2027
    20.     Global Boom Truck Market, by Application
      1.     Introduction
      2.     Construction
        1.     Market Estimates & Forecast, 2020-2027
    21.  Market Estimates & Forecast, by Region, 2020-2027
    22.  Utilities
      1.     Market Estimates & Forecast, 2020-2027
        1.     Market Estimates & Forecast, by Region, 2020-2027
      2.     Industries
        1.     Market Estimates
    23. & Forecast, 2020-2027
      1.     Market Estimates & Forecast,
    24. by Region, 2020-2027
      1.     Others
        1.     Market
    25. Estimates & Forecast, 2020-2027
      1.     Market Estimates
    26. & Forecast, by Region, 2020-2027
    27.     Global Boom Truck
    28. Market, by Region
      1.     Introduction
      2.     North
    29. America
      1.     Market Estimates & Forecast, 2020-2027
        1.     Market Estimates & Forecast, by Capacity, 2020-2027
        2.     Market Estimates & Forecast, by Application, 2020-2027
        3.     US
    30. Forecast, 2020-2027
      1.     Market Estimates & Forecast,
    31. by Capacity, 2020-2027
      1.     Market Estimates & Forecast,
    32. by Application, 2020-2027
      1.     Canada
    33.  Market Estimates & Forecast, 2020-2027
      1.     Market
    34. Estimates & Forecast, by Capacity, 2020-2027
      1.     Market
    35. Estimates & Forecast, by Application, 2020-2027
      1.     Mexico
        1.     Market Estimates & Forecast, 2020-2027
    36.  Market Estimates & Forecast, by Capacity, 2020-2027
    37.  Market Estimates & Forecast, by Application, 2020-2027
    38.  Europe
      1.     Market Estimates & Forecast, 2020-2027
        1.     Market Estimates & Forecast, by Capacity, 2020-2027
        2.     Market Estimates & Forecast, by Application, 2020-2027
        3.     UK
    39. Forecast, 2020-2027
      1.     Market Estimates & Forecast,
    40. by Capacity, 2020-2027
      1.     Market Estimates & Forecast,
    41. by Application, 2020-2027
      1.     Germany
    42.  Market Estimates & Forecast, 2020-2027
      1.     Market
    43. Estimates & Forecast, by Capacity, 2020-2027
      1.     Market
    44. Estimates & Forecast, by Application, 2020-2027
      1.     France
        1.     Market Estimates & Forecast, 2020-2027
    45.  Market Estimates & Forecast, by Capacity, 2020-2027
    46.  Market Estimates & Forecast, by Application, 2020-2027
    47.  Italy
      1.     Market Estimates & Forecast, 2020-2027
        1.     Market Estimates & Forecast, by Capacity, 2020-2027
        2.     Rest of Europe
    48. & Forecast, 2020-2027
      1.     Market Estimates &
    49. Forecast, by Capacity, 2020-2027
      1.     Market Estimates
    50. & Forecast, by Application, 2020-2027
      1.     Asia-Pacific
        1.     Market Estimates & Forecast, 2020-2027
    51.  Market Estimates & Forecast, by Capacity, 2020-2027
    52.  Market Estimates & Forecast, by Application, 2020-2027
    53.  China
      1.     Market Estimates & Forecast, 2020-2027
        1.     Market Estimates & Forecast, by Capacity, 2020-2027
        2.     Japan
    54. & Forecast, 2020-2027
      1.     Market Estimates &
    55. Forecast, by Capacity, 2020-2027
      1.     Market Estimates
    56. & Forecast, by Application, 2020-2027
      1.     India
        1.     Market Estimates & Forecast, 2020-2027
    57.  Market Estimates & Forecast, by Capacity, 2020-2027
    58.  Market Estimates & Forecast, by Application, 2020-2027
    59.  Rest of Asia-Pacific
      1.     Market Estimates &
    60. Forecast, 2020-2027
      1.     Market Estimates & Forecast,
    61. by Capacity, 2020-2027
      1.     Market Estimates & Forecast,
    62. by Application, 2020-2027
      1.     Rest of the World
    63.  Market Estimates & Forecast, 2020-2027
      1.     Market
    64. Estimates & Forecast, by Capacity, 2020-2027
      1.     Market
    65. Estimates & Forecast, by Application, 2020-2027
      1.     South
    66. America
      1.     Market Estimates & Forecast, 2020-2027
        1.     Market Estimates & Forecast, by Capacity, 2020-2027
        2.     Middle East & Africa
    67.  Market Estimates & Forecast, 2020-2027
      1.     Market
    68. Estimates & Forecast, by Capacity, 2020-2027
      1.     Market
    69. Estimates & Forecast, by Application, 2020-2027
    70.     Competitive Landscape
    71.     Company Profile
      1.     Manitowoc
    72. (US)
      1.     Company Overview
        1.     Products
    73. Offered
      1.     Financial Overview
        1.     Key
    74. Developments
      1.     Key Strategies
    75.  SWOT Analysis
      1.     Manitex International Inc. (US)
        1.     Company Overview
        2.     Products
    76. Offered
      1.     Financial Overview
        1.     Key
    77. Developments
      1.     Key Strategies
    78.  SWOT Analysis
      1.     Elliott Equipment Company (US)
        1.     Company Overview
        2.     Products
    79. Offered
      1.     Financial Overview
        1.     Key
    80. Developments
      1.     Key Strategies
    81.  SWOT Analysis
      1.     Liebherr-International AG (Switzerland)
        1.     Company Overview
        2.     Products
    82. Offered
      1.     Financial Overview
        1.     Key
    83. Developments
      1.     Key Strategies
    84.  SWOT Analysis
      1.     Load King (US)
    85.  Company Overview
      1.     Products Offered
    86.  Financial Overview
      1.     Key Developments
    87.  Key Strategies
      1.     SWOT Analysis
    88.  Altec Industries (US)
      1.     Company Overview
    89.  Products Offered
      1.     Financial Overview
    90.  Key Developments
      1.     Key Strategies
    91.  SWOT Analysis
      1.     Fassi Gru S.p.A. (Italy)
    92.  Company Overview
      1.     Products Offered
    93.  Financial Overview
      1.     Key Developments
    94.  Key Strategies
      1.     SWOT Analysis
    95.  XCMG Group (China)
      1.     Company Overview
    96.  Products Offered
      1.     Financial Overview
    97.  Key Developments
      1.     Key Strategies
    98.  SWOT Analysis
      1.     Tadano Ltd (Japan)
    99.  Company Overview
      1.     Products Offered
    100.  Financial Overview
      1.     Key Developments
    101.  Key Strategies
      1.     SWOT Analysis
    102. Market, by Region, 2020-2027  
    103.  North America: Boom Truck Market, by Country, 2020-2027  
    104.         Europe: Boom Truck Market, by Country, 2020-2027
    105. Market, by Country, 2020-2027  
    106.  Rest of the World: Boom Truck Market, by Country, 2020-2027  
    107.         Global Boom Truck Market, by Capacity, by
    108. Region, 2020-2027  
    109. America: Boom Truck Market, by Capacity, by Country, 2020-2027  
    110.         Europe: Boom Truck Market, by Capacity, by
    111. Country, 2020-2027  
    112. Boom Truck Market by Capacity, by Country, 2020-2027  
    113.  Rest of the World: Boom Truck Market by Capacity, by Country, 2020-2027
    114. by Application, by Country, 2020-2027  
    115. Boom Truck Market, by Application, by Country, 2020-2027  
    116.  Asia-Pacific: Boom Truck Market by Application, by Country, 2020-2027  
    117. by Country, 2020-2027   
    118. Market, by Region, 2020-2027
    119. by Capacity, 2020-2027
    120. by Application, 2020-2027
    121. Market, by Country
    122. by Capacity
    123. Application
    124. Country
    125.      Research Process of MRFR
    126.            Top-Down and Bottom-Up Approach
    127.                   Market Dynamics
    128. Analysis: Market Drivers
    129. Restraints
    130. Chain Analysis
    131.     Global Boom Truck Market Share, by Capacity, 2020 (%)
    132.                    Global Boom
    133. Truck Market, by Capacity, 2020-2027 (USD MILLION)
    134. Boom Truck Market Share, by Application, 2020 (%)
    135. Boom Truck Market, by Application, 2020-2027 (USD MILLION)
    136.  Global Boom Truck Market Share (%), by Region, 2020
    137.  Global Boom Truck Market, by Region, 2020-2027 (USD MILLION)
    138.  North America: Boom Truck Market Share (%), 2020
    139.        North America: Boom Truck Market by Country, 2020-2027
    140. (USD MILLION)
    141. (USD MILLION)
    142. 2027 (USD MILLION)
    143. Truck Market Share (%), 2020
    144. Boom Truck Market by Country, 2020-2027 (USD MILLION)

    Boom Truck Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Boom Truck Market Research Report - Global Forecast 2032 Infographic
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