Market Overview:
The global articulating boom lifts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for articulated boom lifts from various end-use industries, such as construction, transportation, and others. Additionally, factors such as technological advancements and rising awareness about safety are also contributing to the growth of this market. On the basis of type, diesel type articulated boom lifts accounted for a major share of the global articulating boom lift market in 2017. This segment is projected to grow at a CAGR of 5% during the forecast period from 2018 to 2030.
Product Definition:
An articulating boom lift is a type of aerial work platform that uses a telescoping arm to extend its reach. This type of lift can be used for tasks such as window washing, sign installation, and other exterior maintenance work.
Diesel Type:
Diesel Type is a type of fuel which is used in Articulating Boom Lifts. It has three major components, namely diesel oil, additive package and tax. The additive package contains anti-foaming agents (salt), corrosion inhibitors and viscosity index improvers (mineral spirits) among others. Tax is the charge levied by local authorities on the amount of fuel used in an automobile engine based on its octane rating as specified by the American Petroleum Institute (API).
Electric Type:
The electric type articulating boom lifts are used for loading and unloading of goods from the ground to upper levels in warehouse, storage or production facilities. They are also used in various applications such as palletizing and positioning products on shelves in retail stores.
Electric articulating boom lifts have a load capacity between 0,9 kg to 8,4 kg and can be operated up to a distance of 10 meters from the power source.
Application Insights:
The highway application segment accounted for the largest share of more than 60.0% in 2017. The boom lift is widely used in highways, roadways and parking lots for various applications such as bridge maintenance, material handling, and utility cleaning. In addition, they are also used in airports for aircraft servicing. Rising demand from the automotive industry owing to increasing production levels is expected to drive the product demand over the forecast period.
The pier application segment was valued at USD 446 million in 2017 and is projected to witness significant growth over the coming years due to its rising use across seaports including Los Angeles/Long Beach; Shanghai; Dubai; Genoa; etc., along with domestic ports such as Miami/Fort Lauderdale; Houston.; New York.; etc.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to presence of prominent manufacturers such as articulink, Inc.; ZEITCOACH INC.; and boom lift manufacturer who are continuously investing in R&D and introducing advanced products.
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to increasing number of construction projects across emerging economies such as China, India, Japan, South Korea & Australia. In addition, rising demand for gymnasiums across countries such as China & India will drive the regional market growth over the forecast period.
Growth Factors:
- Increasing demand for articulated boom lifts in the construction and manufacturing industries due to their ability to reach greater heights and navigate tight spaces.
- Growing popularity of articulated boom lifts among rental companies as they are versatile machines that can be used for a variety of applications.
- Technological advancements in articulated boom lift design and functionality that make them safer and easier to operate.
- Rising demand from emerging markets such as Asia Pacific, where the construction industry is booming, driving growth for articulated boom lifts market overall. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Articulating Boom Lifts Market Research Report
By Type
Diesel Type, Electric Type
By Application
Highway, Pier, Gym, Construction, Others
By Companies
Genie, JLG Equipment, Haulotte, Runshare, Niftylift, Wiese USA, Jinan Kaiyuan, Jinan Xintai, CFMG, Zhongding Xinjiang, Genie
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Articulating Boom Lifts Market Report Segments:
The global Articulating Boom Lifts market is segmented on the basis of:
Types
Diesel Type, Electric Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Highway, Pier, Gym, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Genie
- JLG Equipment
- Haulotte
- Runshare
- Niftylift
- Wiese USA
- Jinan Kaiyuan
- Jinan Xintai
- CFMG
- Zhongding Xinjiang
- Genie
Highlights of The Articulating Boom Lifts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diesel Type
- Electric Type
- By Application:
- Highway
- Pier
- Gym
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Articulating Boom Lifts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Articulating boom lifts are a type of lift that allow the boom to move independently of the machine, allowing for more flexibility in positioning.
Some of the major companies in the articulating boom lifts market are Genie, JLG Equipment, Haulotte, Runshare, Niftylift, Wiese USA, Jinan Kaiyuan, Jinan Xintai, CFMG, Zhongding Xinjiang, Genie.
The articulating boom lifts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Articulating Boom Lifts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Articulating Boom Lifts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Articulating Boom Lifts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Articulating Boom Lifts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Articulating Boom Lifts Market Size & Forecast, 2018-2028
4.5.1 Articulating Boom Lifts Market Size and Y-o-Y Growth
4.5.2 Articulating Boom Lifts Market Absolute $ Opportunity
Chapter 5 Global Articulating Boom Lifts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Articulating Boom Lifts Market Size Forecast by Type
5.2.1 Diesel Type
5.2.2 Electric Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Articulating Boom Lifts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Articulating Boom Lifts Market Size Forecast by Applications
6.2.1 Highway
6.2.2 Pier
6.2.3 Gym
6.2.4 Construction
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Articulating Boom Lifts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Articulating Boom Lifts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Articulating Boom Lifts Analysis and Forecast
9.1 Introduction
9.2 North America Articulating Boom Lifts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Articulating Boom Lifts Market Size Forecast by Type
9.6.1 Diesel Type
9.6.2 Electric Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Articulating Boom Lifts Market Size Forecast by Applications
9.10.1 Highway
9.10.2 Pier
9.10.3 Gym
9.10.4 Construction
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Articulating Boom Lifts Analysis and Forecast
10.1 Introduction
10.2 Europe Articulating Boom Lifts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Articulating Boom Lifts Market Size Forecast by Type
10.6.1 Diesel Type
10.6.2 Electric Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Articulating Boom Lifts Market Size Forecast by Applications
10.10.1 Highway
10.10.2 Pier
10.10.3 Gym
10.10.4 Construction
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Articulating Boom Lifts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Articulating Boom Lifts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Articulating Boom Lifts Market Size Forecast by Type
11.6.1 Diesel Type
11.6.2 Electric Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Articulating Boom Lifts Market Size Forecast by Applications
11.10.1 Highway
11.10.2 Pier
11.10.3 Gym
11.10.4 Construction
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Articulating Boom Lifts Analysis and Forecast
12.1 Introduction
12.2 Latin America Articulating Boom Lifts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Articulating Boom Lifts Market Size Forecast by Type
12.6.1 Diesel Type
12.6.2 Electric Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Articulating Boom Lifts Market Size Forecast by Applications
12.10.1 Highway
12.10.2 Pier
12.10.3 Gym
12.10.4 Construction
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Articulating Boom Lifts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Articulating Boom Lifts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Articulating Boom Lifts Market Size Forecast by Type
13.6.1 Diesel Type
13.6.2 Electric Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Articulating Boom Lifts Market Size Forecast by Applications
13.10.1 Highway
13.10.2 Pier
13.10.3 Gym
13.10.4 Construction
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Articulating Boom Lifts Market: Competitive Dashboard
14.2 Global Articulating Boom Lifts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Genie
14.3.2 JLG Equipment
14.3.3 Haulotte
14.3.4 Runshare
14.3.5 Niftylift
14.3.6 Wiese USA
14.3.7 Jinan Kaiyuan
14.3.8 Jinan Xintai
14.3.9 CFMG
14.3.10 Zhongding Xinjiang
14.3.11 Genie
