Top 6 Companies Driving the Boom Trucks Market

Manitex, Inc, Altec, Inc, Bronto Skylift Oy Ab, Dur-A-Lift, Inc, Elliott Equipment Company, and Toyota Industries Corporation, among others, are the major players in the global market for boom trucks.

As per the analysis by Expert Market Research, the global boom trucks market is anticipated to grow in the forecast period of 2023-2028 at a CAGR of 5%, owing to infrastructural developments.

A carrier truck with a telescopic boom over its frame is referred to as a boom truck. The product is utilised for a variety of tasks, including building, improving roadways, and municipal work.

Based on the product type, cranes represent a significant share in the global market due to the increasing demand for modernisation and upgradation of the infrastructure on all continents. Meanwhile, the demand for boom trucks in the construction sector is increasing along with the surge in infrastructure investment, which is expected to drive the market growth over the forecast period. In addition, the construction sector represents the largest share in terms of sales in the boom trucks market and is expected to experience steady growth over the forecast period. 

The ongoing construction activity in emerging markets such as India, China, and the Philippines is propelling the market growth globally. Meanwhile, a resurgence of infrastructure projects in Europe is expected to aid the boom trucks market growth in the forecast period.

The demand for boom trucks in the construction industry is significant. This can be attributed to the latest technological advances that allow these trucks to be well-equipped with features such as GPS tracking, fleet management, and telematics solutions. In addition, the provision of equipment rental services by major players in the market is increasing the boom trucks market demand. During the forecast period, increased investments in new and old infrastructure projects are expected to stimulate the market growth.

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Top 6 Global Boom Trucks Companies:

Manitex, Inc

Manitex works with a wide range of dependable and high-capacity lifting tools, aerial platforms, and articulating cranes (Knuckle Booms). Their products re-evaluate and broaden the ‘market recognised’ capabilities of lifting apparatus mounted on a readily available chassis. Manitex Boom Trucks and Aerial Work Platforms are members of the Manitex family. All models offer high-value lifting solutions for general contractors, sign erectors, roofers, crane rental operations, specialty services, and precast services.

Altec, Inc

For markets of electric utilities, telecommunications, contractors, and tree care, Altec Industries, Inc. offers equipment and services. Equipment like aerial devices, cable handlers, chippers, cranes, digger derricks, and parts are among the items the business offers and rents, both new and second-hand. Altec Industries caters to clients internationally.

Bronto Skylift Oy Ab

Truck-mounted hydraulic platforms are designed and manufactured by Bronto Skylift Oy Ab. For usage as service platforms and for fire and rescue, the company provides a wide variety of platform configurations. International markets are where Bronto Skylift sells its goods.

Dur-A-Lift, Inc.

One of the top producers of material handling aerial lifts and telescopic articulating personnel aerials for bucket trucks is Dur-A-Lift, Inc. Every product that leaves the plant reflects their expertise, dependability, and quality. Since the company's inception, a number of new models and improvements to their product lines have been developed in response to customer feedback. The satisfaction and experiences of the company's consumers are the foundation of its success.

Elliott Equipment Company

A family-run business with 70 years in business, Elliott Equipment Company produces cranes, digger derricks, and telescoping truck-mounted aerial work platforms. The business designs, creates, and provides support for powerful, multipurpose machinery that enables users to accomplish more with a single piece of equipment.

Toyota Industries Corporation

Toyota Industries Corporation is a Japanese manufacturer of machinery. It is a maker of automatic looms and the parent firm of Toyota Motor Corporation. In terms of revenue, it is the biggest forklift truck producer in the world.