Market Overview:
The global boom lift 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 boom lifts from various end-use industries, such as construction, mining, oil & gas, shipping & port building, automotive and aerospace. Additionally, the increasing awareness about safety norms and regulations is also propelling the growth of this market.
Product Definition:
A boom lift is a type of aerial platform that consists of a telescoping arm or boom, which is hinged at the base and equipped with a bucket or other work attachment at the end. Boom lifts are used for tasks such as painting, window washing, sign installation, and many other applications.
Articulating Boom Lifts:
Articulating boom lifts are used to provide a higher lifting capacity in the vertical as well as horizontal direction. They are capable of moving material in many different directions and at the same time maintaining a constant lift height. The boom can be moved forward or backward, up or down and it can even swing from side to side.
Telescopic Boom Lifts:
As the name suggests, telescopic boom lifts are boom lifts that use a mechanism known as a telescopic arm to lift and lower loads. The main advantage of using this type of boom lift is that it can be used in areas where other types of boom lifts would not be able to reach. It has several advantages over regular Boom Lifts including greater flexibility in terms of operation, mobility and accessibility for loading and unloading operations at different levels.
Application Insights:
The construction industry accounted for the largest share of boom lift market in 2017. The growth can be attributed to the increasing number of commercial and residential construction activities across the globe. Boom lifts are widely used in civil engineering projects such as railway stations, roads, bridges, airports and others. In addition, they are also used in mining sites including opencast coal mines and gold & silver mines where heavy-duty lifting is required owing to fragile nature of minerals being extracted from the ground.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, expanding at a CAGR of XX% from 2018 to 2030 owing to rapid infrastructure development and industrial expansion in China and India. In addition, rising demand for energy across various industries including oil & gas industry is anticipated to propel boom lift sales over the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to boom lifts being used primarily in construction activities as well as mining activities across countries such as Germany, France, Italy among others. However, stringent government regulations regarding weight carrying capacity coupled with limited access to waterways may limit regional growth over the next few years. North America also has a significant presence due towards high usage of boom lifts within U.S.
Growth Factors:
- Increasing demand for boom lifts in the construction and infrastructure sectors
- Growing demand for boom lifts from the oil and gas industry
- Rising popularity of boom lifts among rental companies
- Proliferation of electric-powered boom lifts
- Boom lift manufacturers focusing on product innovation
Scope Of The Report
Report Attributes
Report Details
Report Title
Boom Lift Market Research Report
By Type
Articulating Boom Lifts, Telescopic Boom Lifts, Straight Boom Lifts, Genie Boom lifts, Towable Boom Lifts
By Application
Construction Industry, Mining Industry, Oil & Gas Industry, Shipping & Port Building, Automotive Industry, Aerospace
By Companies
Terex Corporation, Tadano, Galmon, Zoomlion Heavy Industry Science and Technology, Sany Heavy Industry, Altech Industries, XCMG Construction Machinery, KATO WORKS, Kobelco Construction Machinery, FURUKAWA UNIC CORPORATION, Terex Corporation
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Boom Lift Market Report Segments:
The global Boom Lift market is segmented on the basis of:
Types
Articulating Boom Lifts, Telescopic Boom Lifts, Straight Boom Lifts, Genie Boom lifts, Towable Boom Lifts
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
Construction Industry, Mining Industry, Oil & Gas Industry, Shipping & Port Building, Automotive Industry, Aerospace
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:
- Terex Corporation
- Tadano
- Galmon
- Zoomlion Heavy Industry Science and Technology
- Sany Heavy Industry
- Altech Industries
- XCMG Construction Machinery
- KATO WORKS
- Kobelco Construction Machinery
- FURUKAWA UNIC CORPORATION
- Terex Corporation
Highlights of The Boom Lift 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:
- Articulating Boom Lifts
- Telescopic Boom Lifts
- Straight Boom Lifts
- Genie Boom lifts
- Towable Boom Lifts
- By Application:
- Construction Industry
- Mining Industry
- Oil & Gas Industry
- Shipping & Port Building
- Automotive Industry
- Aerospace
- 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 Boom Lift 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
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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?
A boom lift is a type of lifting device that uses a large, heavy arm to move objects or people. Boom lifts are often used in construction and manufacturing settings, as well as by the military.
Some of the key players operating in the boom lift market are Terex Corporation, Tadano, Galmon, Zoomlion Heavy Industry Science and Technology, Sany Heavy Industry, Altech Industries, XCMG Construction Machinery, KATO WORKS, Kobelco Construction Machinery, FURUKAWA UNIC CORPORATION, Terex Corporation.
The boom lift market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boom Lift 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 Boom Lift Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boom Lift 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 Boom Lift 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 Boom Lift Market Size & Forecast, 2018-2028
4.5.1 Boom Lift Market Size and Y-o-Y Growth
4.5.2 Boom Lift Market Absolute $ Opportunity
Chapter 5 Global Boom Lift 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 Boom Lift Market Size Forecast by Type
5.2.1 Articulating Boom Lifts
5.2.2 Telescopic Boom Lifts
5.2.3 Straight Boom Lifts
5.2.4 Genie Boom lifts
5.2.5 Towable Boom Lifts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Boom Lift 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 Boom Lift Market Size Forecast by Applications
6.2.1 Construction Industry
6.2.2 Mining Industry
6.2.3 Oil & Gas Industry
6.2.4 Shipping & Port Building
6.2.5 Automotive Industry
6.2.6 Aerospace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boom Lift 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 Boom Lift 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 Boom Lift Analysis and Forecast
9.1 Introduction
9.2 North America Boom Lift 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 Boom Lift Market Size Forecast by Type
9.6.1 Articulating Boom Lifts
9.6.2 Telescopic Boom Lifts
9.6.3 Straight Boom Lifts
9.6.4 Genie Boom lifts
9.6.5 Towable Boom Lifts
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 Boom Lift Market Size Forecast by Applications
9.10.1 Construction Industry
9.10.2 Mining Industry
9.10.3 Oil & Gas Industry
9.10.4 Shipping & Port Building
9.10.5 Automotive Industry
9.10.6 Aerospace
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 Boom Lift Analysis and Forecast
10.1 Introduction
10.2 Europe Boom Lift 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 Boom Lift Market Size Forecast by Type
10.6.1 Articulating Boom Lifts
10.6.2 Telescopic Boom Lifts
10.6.3 Straight Boom Lifts
10.6.4 Genie Boom lifts
10.6.5 Towable Boom Lifts
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 Boom Lift Market Size Forecast by Applications
10.10.1 Construction Industry
10.10.2 Mining Industry
10.10.3 Oil & Gas Industry
10.10.4 Shipping & Port Building
10.10.5 Automotive Industry
10.10.6 Aerospace
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 Boom Lift Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Boom Lift 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 Boom Lift Market Size Forecast by Type
11.6.1 Articulating Boom Lifts
11.6.2 Telescopic Boom Lifts
11.6.3 Straight Boom Lifts
11.6.4 Genie Boom lifts
11.6.5 Towable Boom Lifts
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 Boom Lift Market Size Forecast by Applications
11.10.1 Construction Industry
11.10.2 Mining Industry
11.10.3 Oil & Gas Industry
11.10.4 Shipping & Port Building
11.10.5 Automotive Industry
11.10.6 Aerospace
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 Boom Lift Analysis and Forecast
12.1 Introduction
12.2 Latin America Boom Lift 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 Boom Lift Market Size Forecast by Type
12.6.1 Articulating Boom Lifts
12.6.2 Telescopic Boom Lifts
12.6.3 Straight Boom Lifts
12.6.4 Genie Boom lifts
12.6.5 Towable Boom Lifts
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 Boom Lift Market Size Forecast by Applications
12.10.1 Construction Industry
12.10.2 Mining Industry
12.10.3 Oil & Gas Industry
12.10.4 Shipping & Port Building
12.10.5 Automotive Industry
12.10.6 Aerospace
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) Boom Lift Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Boom Lift 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) Boom Lift Market Size Forecast by Type
13.6.1 Articulating Boom Lifts
13.6.2 Telescopic Boom Lifts
13.6.3 Straight Boom Lifts
13.6.4 Genie Boom lifts
13.6.5 Towable Boom Lifts
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) Boom Lift Market Size Forecast by Applications
13.10.1 Construction Industry
13.10.2 Mining Industry
13.10.3 Oil & Gas Industry
13.10.4 Shipping & Port Building
13.10.5 Automotive Industry
13.10.6 Aerospace
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 Boom Lift Market: Competitive Dashboard
14.2 Global Boom Lift Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Terex Corporation
14.3.2 Tadano
14.3.3 Galmon
14.3.4 Zoomlion Heavy Industry Science and Technology
14.3.5 Sany Heavy Industry
14.3.6 Altech Industries
14.3.7 XCMG Construction Machinery
14.3.8 KATO WORKS
14.3.9 Kobelco Construction Machinery
14.3.10 FURUKAWA UNIC CORPORATION
14.3.11 Terex Corporation
