Research Reports

Miscellaneous

icon
Home » Reports » Boom Lifts Market Global Demand Analysis Opportunity Outlook 2024
Market Research Report

Boom Lifts Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-352 Category: Miscellaneous

Boom Lifts Market Overview

Boom lifts are a type of aerial platforms generally used to lift up any person or object to reach at inaccessible places very easily. Boom lifts are generally powered by hydraulic machines and very useful in situation, where a person has to go at some inaccessible places. Boom lifts are usually vehicle or truck mounted and can move in all direction. Boom lifts are capable of working in situation like fire and flood to save peoples life. Apart from this, boom lifts are extremely useful in construction industries also. Boom lifts have a wide range of application includes aerospace, construction, and maintenance of telecommunication towers.

Market Size & Forecast

Global boom lifts market is anticipated to witness a remarkable growth over the forecast period and is expected to flourish at a compound annual growth rate (CAGR) of 18.2% during the forecast period 2017-2024. Rising construction activities across the globe is expected to fuel the growth of global boom lifts market.

Boom Lifts

In terms of region, global boom lifts market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia Pacific region has been the fastest growing and revenue generating market of boom lifts due to increasing constructional activities and enhancement of existing infrastructure in emerging economies such as China and India. Further, the demand for boom lifts in Asia Pacific region is anticipated to increase in near future, where India and China are expected to be major contributors to the growth of global boom lifts market.

In terms of share, North America and Europe regions are major regional market of boom lifts. The regional boom lifts market of North America and Europe region are more mature and are anticipated to witness a slow growth over the forecast period. Moreover, Middle East & Africa region is also expected to witness a satisfactory growth over the forecast period.

Market Segmentation

Our-in depth analysis of the global boom lifts market includes the following segments:

By Product Type

  • Telescopic Boom Lifts
  • Articulating Boom Lifts
  • Trailer Mounted Boom Lifts
  • Bucket Trucks
  • Towable Boom Lifts

By Power Source

  • Engine Powered Boom Lifts
  • Hybrid Boom Lifts
  • Electric Boom Lifts

By End User

  • Construction Industry
  • Oil & Gas Industry
  • Mining Industry
  • Aerospace
  • Shipping and Port Building
  • Others

By Region

Global boom lifts market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.

Middle East and Africa (GCC, North Africa, South Africa and Rest of MEA) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers & Challenges

Global boom lifts market is driven by rising construction activities and need for height over the globe. Formerly boom lifts are being popular in construction sector due to its flexibility and controls. Further, development of new telecommunication towers, skyscrapers and need for their maintenance are some major drivers anticipated to foster the demand for boom lifts in construction sector. Apart from this, boom lifts have a very wide range of application in almost every sectors including construction, aerospace which is expected to escalate the demand for boom lifts in near future.

Further, boom lifts are known for their rough-terrain capabilities and technical developments with boom lifts to improve its quality and abilities have been attracting consumers towards it which are expected to foster the demand for boom lifts in near future. In addition to this, wide range of application and ability to work in difficult situation are also driving the growth of boom lifts market. On the other hand, steadily rising construction equipment rental services is a major driver to the growth of global boom lifts market. Many rental companies offer boom lifts on rent and this rental procedure is expected to foster the growth of global boom lifts market in near future.

Rising construction activities in emerging economies and increasing investment in infrastructure development are fueling the growth of global boom lifts market. Further, major companies have been producing advanced boom lifts with higher capabilities and are expected to increase the demand for boom lifts in various end-use industries.

However, end users of boom lifts prefer to maintain the existing boom lifts and do not invest in new machines due to their high cost. High cost of boom lifts is a major challenge which is restraining the growth of global boom lifts market.

Key Players

  • Genie
    • Company Overview
    • Key Product Offering
    • Business Strategy
    • SWOT Analysis
    •  Financials
  • JLG
  • Prangl
  • Sinoboom
  • MEC
  • Nifty Lift
  • Snorkel Lift
  • MEC U.S.A.
  • Skyjack
  • Haulotte Group

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global boom lifts market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By Power Source Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

Ask The Analyst

Delivery Center

1014, 10th Floor, Tower A1,
Ansal Corporate Park, Plot no 7A/1,
Sector 142 Noida., 201301 India
Phone : +91 958 228 3827, +91 120 660 5495
info@researchnester.com

US Office

1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2017 Research Nester. All rights reserved

Top