Global Boom Trucks Market Set to Reach USD 3.40 Billion by 2030, Driven by Infrastructure Growth and Construction Demand

The Global Boom Trucks Market is projected to reach USD 3.40 billion by 2030, up from USD 2.34 billion in 2023, reflecting a CAGR of 5.5% during the forecast period. The rising demand for safe, efficient, and versatile lifting equipment across construction, utility, logistics, and telecommunications sectors is driving the markets steady expansion.

Boom Trucks Market Overview

A boom truck is a multifunctional vehicle equipped with a telescopic or articulating crane mounted on a truck chassis, designed to lift heavy loads, transport materials, and elevate personnel for high-reach operations. These vehicles are widely used for construction, infrastructure maintenance, utility line repair, tree trimming, and material handling.

Leading OEM collaborations between truck manufacturers and crane producers have advanced boom truck technology, improving lifting capacity, reach, and fuel efficiency. The growing adoption of truck-mounted cranes for both urban and industrial applications highlights their indispensable role in modern infrastructure projects.

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Market Dynamics

1. Construction and Infrastructure Development Fuel Demand

The boom trucks market is witnessing strong momentum owing to increased global investments in infrastructure and real estate development. Rapid urbanization, population growth, and the proliferation of smart city projects have intensified the demand for advanced lifting and material-handling equipment.

Both government and private sector projects including high-rise buildings, bridges, and utility installations rely heavily on boom trucks for their mobility, efficiency, and safety features.

2. Expansion of Utility and Telecom Sectors

The telecommunication and power distribution industries are key end-users of boom trucks. Their use in cable installation, pole maintenance, and power line repair is expanding rapidly in countries such as India, China, and the United States.

The increasing rollout of 5G infrastructure and the expansion of rural electrification programs are further driving the adoption of these trucks across Asia-Pacific and North America.

3. Rising Demand for Rental Equipment

The boom truck rental segment is growing significantly as companies seek cost-efficient alternatives to ownership. Rental services reduce upfront investment and maintenance costs while providing access to advanced, high-capacity equipment as per project requirements.

Rental models are particularly popular among small- and medium-scale contractors and utilities, offering advantages such as lower insurance costs, licensing flexibility, and customized solutions.

4. Challenges: Skilled Labor Shortage and High Initial Costs

Despite growth potential, the market faces challenges including a shortage of trained operators and high acquisition costs. Training and safety certification requirements increase operational expenses, making rental solutions more attractive to cost-sensitive players.

Segmentation Analysis

By Product

• Bucket Trucks (50% Market Share in 2023):
  The largest segment, driven by demand from telecommunications and utilities for maintenance, cable installation, and tree trimming. Specialized insulated models ensure worker safety near high-voltage lines.
  Additionally, agriculture applications such as fruit picking and orchard maintenance are contributing to growth.

• Boom Trucks:
  Used extensively in construction and logistics for lifting materials, concrete pumping, and equipment handling.

By Vehicle Class

• Class 4 & 5 Boom Trucks:
  Expected to witness robust growth due to fuel efficiency, improved torque, and operational safety. These medium-duty trucks are preferred in construction, communications, and firefighting applications.

• Class 68 Trucks:
  Primarily used for heavy industrial and infrastructure projects where enhanced weight-bearing capacity is required.

By Application

• Construction: Largest end-use sector, benefiting from global infrastructure investments.

• Utility and Telecommunication: Rapidly expanding segments due to growing grid and communication network projects.

• Rental Services: A growing trend as contractors shift to cost-efficient, short-term usage models.

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Regional Insights

Europe

The European Boom Trucks Market is expected to grow at over 5% CAGR between 2024 and 2030, driven by strong infrastructure renewal initiatives, stringent worker safety standards, and the adoption of energy-efficient lifting solutions.
Countries like Germany, France, and the UK are leading the regional demand, especially in the utility and construction sectors.

North America

The United States is a key contributor to global market growth, supported by a thriving construction industry and presence of major players such as Altec Inc., Manitex International, and Versalift.
Government emphasis on renewable energy infrastructure and power grid modernization is further driving market demand.

Asia Pacific

Rapid industrialization, smart city projects, and telecommunication expansion across China, India, Japan, and South Korea are propelling the regional market. The rise in public-private infrastructure projects and increasing adoption of truck-mounted cranes enhance the regions growth outlook.

Competitive Landscape

The global boom trucks market is moderately consolidated, with key players focusing on product innovation, safety enhancements, and fleet expansion through strategic partnerships and mergers.

Key Market Players include:

1. Load King

2. Manitex Inc.

3. Manitowoc Cranes

4. Palfinger AG

5. Bronto Skylift

6. CTE Group S.p.A.

7. Aichi Corporation

8. Altec Inc.

9. Axion Lift

10. Tadano Ltd.

11. Link Belt Cranes

12. Dur-A-Lift, Inc.

13. Elliott Equipment Co.

14. Henan Symmen Machinery Co., Ltd.

15. Ruthmann GmbH

16. Terex Corporation

17. Versalift

These companies are investing in hybrid and electric-powered boom trucks, enhanced hydraulic systems, and telemetry-enabled controls to boost operational efficiency and sustainability.

Conclusion

The Global Boom Trucks Market is entering a phase of sustained growth fueled by construction, telecom, and utility sector expansion. With rising infrastructure investments, advancements in safety technology, and the growing trend of equipment rentals, boom trucks are expected to remain an essential component of modern industrial operations.

As industries embrace smarter, safer, and greener lifting solutions, boom trucks will continue to play a critical role in building the infrastructure of the future.