Boom Trucks Market

By Mount;

Behind The Cab Mount, Rear Mount and Swing Seat

By Lifting Capacity;

Less Than 10 Metric Tons, 10-20 Metric Tons, 21-30 Metric Tons, 31-40 Metric Tons, 41-50 Metric Tons and Others

By Boom Length;

Less Than 20m, 20-30m, 31-40m and Others

By Application;

Infrastructure, Commercial Construction, Power & Utility, Industrial & Petrochemical and Residential

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn593968801 Published Date: September, 2025 Updated Date: October, 2025

Boom Trucks Market Overview

Boom Trucks Market (USD Million)

Boom Trucks Market was valued at USD 1,531.54 million in the year 2024. The size of this market is expected to increase to USD 2,155.03 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.


Boom Trucks Market

*Market size in USD million

CAGR 5.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 1,531.54 Million
Market Size (2031)USD 2,155.03 Million
Market ConcentrationMedium
Report Pages396
1,531.54
2024
2,155.03
2031

Major Players

  • Load King
  • Manitex Inc
  • Manitowoc Cranes
  • Palfinger AG
  • Bronto Skylift
  • Aichi Corporation
  • Group SPA
  • Altec Inc
  • Axion Lift,
  • Tadano Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Boom Trucks Market

Fragmented - Highly competitive market without dominant players


The Boom Trucks Market is experiencing significant expansion, driven by its critical role in handling, lifting, and transporting heavy loads across industries. Adoption in infrastructure and utility projects has risen by more than 45%, showcasing their importance in enhancing efficiency. Their versatility and strength make them indispensable for modern operational needs.

Efficiency and Productivity Gains
Growing emphasis on high-performance equipment is accelerating demand for boom trucks. Reports indicate that nearly 40% of companies have improved project timelines through their use. By reducing manual labor, streamlining material movement, and enabling faster operations, these vehicles are becoming a cornerstone of productivity improvements.

Safety-Driven Market Expansion
Heightened focus on worker safety and risk reduction is boosting adoption, with about 30% of organizations relying on boom trucks for safer site operations. Advanced hydraulic stability, precision lifting, and remote operation technologies add to their value, positioning boom trucks as essential tools for secure and efficient industrial environments.

Innovation Strengthening Market Adoption
Cutting-edge automation, hybrid power solutions, and telematics are transforming how boom trucks operate. More than 50% of recent deployments feature smart monitoring systems that optimize performance and reduce downtime. These technology-driven improvements extend service life, enhance fleet management, and strengthen the market’s growth trajectory.

Promising Growth Prospects
With infrastructure development and utility projects expanding, the Boom Trucks Market holds strong growth potential. Around 60% of businesses intend to invest further in advanced lifting solutions, highlighting their role in operational modernization. Continuous innovation and increasing adoption underline their strategic importance in industrial progress.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Mount
    2. Market Snapshot, By Lifting Capacity
    3. Market Snapshot, By Boom Length
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Boom Trucks Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand rises with construction projects
        2. Need grows for versatile lifting
        3. Logistics sector expansion boosts sales
        4. Technology advances improve boom truck features
      2. Restraints
        1. Competing options like cranes exist
        2. Environmental concerns hinder adoption
        3. Remote accessibility issues limit use
      3. Opportunities
        1. Venture into renewable energy
        2. Tap into government projects
        3. Provide training for operators
        4. Diversify into related sectors
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Boom Trucks Market, By Mount, 2021 - 2031 (USD Million)
      1. Behind The Cab Mount
      2. Rear Mount
      3. Swing Seat
    2. Boom Trucks Market, By Lifting Capacity, 2021 - 2031 (USD Million)
      1. Less Than 10 Metric Tons
      2. 10-20 Metric Tons
      3. 21-30 Metric Tons
      4. 31-40 Metric Tons
      5. 41-50 Metric Tons
      6. Others
    3. Boom Trucks Market, By Boom Length, 2021 - 2031 (USD Million)
      1. Less Than 20m
      2. 20-30m
      3. 31-40m
      4. Others
    4. Boom Trucks Market, By Application, 2021 - 2031 (USD Million)
      1. Infrastructure
      2. Commercial Construction
      3. Power & Utility
      4. Industrial & Petrochemical
      5. Residential
    5. Boom Trucks Market, By Geography,, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Manitowoc Company, Inc.
      2. Fassi Gru S.p.A.
      3. Elliott Equipment Company
      4. Altec Industries
      5. Manitex International, Inc.
      6. Terex Corporation
      7. Palfinger AG
      8. Tadano Ltd.
      9. Load King
      10. QMC Building Cranes
      11. Bronto Skylift
      12. CTE Group S.p.A.
      13. Aichi Corporation
      14. Axion Lift
      15. Link-Belt Cranes
  7. Analyst Views
  8. Future Outlook of the Market