Boom Trucks Poised to Surpass a Valuation of US$1.8Bn, with Boom in Transportation & Logistics, Finds Fact.MR

Global boom trucks market is estimated to witness a moderate CAGR of 5% during the forecast period (2019-2027) and poised to reach a valuation of US$ 1.8 Billion in 2027.

Dublin, Ireland - January 21, 2020 /MarketersMedia/ —

The global boom trucks market is projected to grow at a CAGR of 5% and estimated to reach a valuation of US$ 1.8 Bn by the end of the forecast period (2019-2027). The reason behind the revival of the boom truck market can be attributed to the renaissance of many businesses utilizing this powerful tool. The boom truck with its exhaustive repertoire of hydraulic capabilities can be used to perform complex hoists. The rapid growth of utility and telecom industries in several countries, including the U.S., India, and China, is generating a reasonable demand for boom trucks and is encouraging the expansion of the industry.

Competitors involved in the global boom trucks market are currently designing smaller utility vehicles with higher working heights and optimum lifting capability to provide consumers with reliable performance. Development of low-carbon emitting boom trucks is also becoming an industry standard.

Request Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=4446

Key Takeaways from the Boom Trucks Market

- The global boom trucks market is now showing steady growth after the market witnessed depressing sales figures from the traditional oil and energy sectors

- North America leads the global boom trucks market with a revenue share of over 30%. With mushrooming crane rental companies in the region, the sales of boom trucks have been quite high

- The boom trucks market in APAC will witness a growth rate of over 6.5% attributed to the burgeoning capital investments for infrastructure. With a fast-track record of urbanization in countries such as China and India, the demand for boom trucks for construction is increasing

- Equipment manufacturing companies are developing products offering their customers boom trucks with reliable efficiency, and high weight carrying capacity

“The global boom trucks market finds optimism mainly due to infrastructure projects and large rental fleets that were once stagnant. Growing expenditure on infrastructure with increasing demand from end use industries including construction, utility, and telecom remains the prominent factors backing the market” says the Fact.MR analyst.

Request Research Methodology- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4446

Product Innovations Strengthening Market Hold, as Smart City Developments Abound

The increasing number of construction projects and smart city developments are creating a way ahead for key manufacturers as well as new entrants in the landscape of boom trucks. Boom truck OEMs are developing a rich package of fuel-saving innovations to attract maximum buyers including near and long-term diesel enhancements, updates to vehicles such as advanced aerodynamics and active driver technology. Key players in the boom trucks market, such as Terex, Manitex, Altec, Elliott, Tadano and others provide customization by offering frame modifications and yielded proprietary axle configurations to their customers for different applications in varied end use industries. Manufacturers are still grappling with large overcapacities in emerging markets, leading to high and growing price competition.

Find More Valuable Insights on the Boom Trucks Market

Fact.MR, in its new offering, provides an unbiased analysis of the global market for boom trucks, with historical data on demand (2013-2018) and expected projections for the period (2019-2027). The report discloses compelling insights into the demand for boom trucks based on product type (Behind the Cab Mount, Rear Mount, Swing Seat), lifting capacity (Less than 10 metric tons, 10-20 metric tons, 21-30 metric tons, 31-40 metric tons, 41-50 metric tons, more than 50 metric tons) and boom length (Less than 20 m, 20-30 m, 31-40 m, more than 40 m) across several regions.

To Get more insights on boom trucks market, visit- https://www.factmr.com/report/4446/boom-trucks-market

About the Automotive Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned automotive team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million plus data points, the team has analyzed automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. For more automotive industry insights, visit

PR source- https://www.factmr.com/media-release/1228/global-boom-trucks-market

Contact Info:
Name: James Hilton
Email: Send Email
Organization: Fact.MR
Website: https://www.factmr.com/

Source URL: https://marketersmedia.com/boom-trucks-poised-to-surpass-a-valuation-of-us18bn-with-boom-in-transportation-logistics-finds-factmr/88943554

Source: MarketersMedia

Release ID: 88943554

More News From Daily Tech Geek

Climate activist: Why tout development if there's no future?

Apr 9, 2020

NEW DELHI — An Indian girl who was among the 16 young activists filing a complaint at the United Nations accusing countries of inaction on climate change has taken that step before. Ridhima Pandey, now 11, filed a petition in 2017 at India's National Green Tribunal, which oversees environmental concerns, for not taking serious enough steps to combat climate change. It was dismissed, but she escalated it to the Indian Supreme Court. Pandey was among the activists including Swedish teen Greta Thunberg who criticized Germany, France, Brazil, Argentina and Turkey for failing to uphold their obligations to young people under...

Pakistan battles dengue epidemic, with 20 deaths so far

Apr 9, 2020

ISLAMABAD — Pakistani health officials were battling an outbreak of dengue fever in the South Asian nation on Tuesday, a day after health officials confirmed over 10,000 cases and 20 deaths in recent months. More patients with symptoms of dengue fever were arriving at hospitals in all major cities, including the capital Islamabad, putting a strain on the country's poor health system. Health officials hope that the anti-mosquito spraying in urban areas targeting stagnant water will help contain the disease. According to Zafar Mirza, a government adviser on health, as many as 10,013 dengue cases had so far been reported....

Over 30 Indian worshippers drown during Hindu rituals

Apr 9, 2020

NEW DELHI — More than 30 Hindu worshippers have drowned in swollen rivers and in a lake in India as thousands participated in religious ceremonies in which figures of a Hindu god are immersed in water, officials and news reports said Friday. At least 11 people drowned when their boat capsized early Friday on a lake in central India, rescuers said. Six people were able to swim ashore in the lake in Bhopal, the capital of Madhya Pradesh state, and a search was on for one missing person, said National Disaster Response Force spokesman Krishan Kumar. Kumar said 11 bodies...

India loses communication with its unmanned moon lander

Apr 9, 2020

NEW DELHI — India's space agency said it lost touch Saturday with its Vikram lunar lander as it aimed to land on the south pole of the moon and deploy a rover to search for signs of water. The space agency was analyzing data as it worked to determine what had happened. "Communications from lander to ground station was lost," said K Sivan, chairman of the Indian Space Research Organisation. "The data is being analysed." A successful landing would have made India just the fourth country to land a vessel on the lunar surface, and only the third nation to...

Protest in Nepal against plan to cut trees to widen road

Apr 9, 2020

KATHMANDU, Nepal — More than 200 people rallied in Nepal's capital Thursday to protest government plans to cut down about 2,000 trees to widen a key road that circles the city. The protesters held signs urging the government to stop the plan to remove the trees on the outer edge of Kathmandu. The 27-kilometer (17-mile) Ring Road encircles the capital and is a key road network for the increasingly congested city. "These trees were controlling pollution and giving fresh air so they cannot be cut down to make roads," said Saurav Dhakal, a protester. "Kathmandu is suffering from massive air...

About Us

Daily Tech Geek delivers Technology news only covering the multiple fields in the industry.

Contact us: sales[at]dailytechgeek.com

Subscribe Now!