Boom Trucks Market Size - By Type, By Application, By Fuel, By Capacity, By Vehicle Class, Analysis Share, Growth Forecast, 2025 - 2034

Boom Trucks Market Size

The global boom trucks market size was valued at USD 3.5 billion in 2024 and is projected to grow at a CAGR of 5.8% between 2025 and 2034, propelled by the rise in infrastructure and construction projects. According to Statista, in U.S. the private construction spending in 2023 increased by 3.5% year-on-year, jumping to USD 1,573 billion.
 

With the increase in urbanization, industry is experiencing a surge in demand for construction along with maintenance in developing markets, predominantly Asia and then the Middle East. Boom trucks have emerged as vital equipment for heavy material transportation as well as lifting. And when combined with the construction of residential, commercial, or industrial zones, the versatility of ambition equipment has become a necessity.
 

In addition, boom trucks have begun to find their use in energy with the widening scope of wind and solar farms. The boom trucks market has witnessed a boom in both construction and industrial use, paving the way for building boom. The market and primary driver of boom trucks continue to grow.

The rapid increase of boom truck solutions in expanding telecommunication infrastructure in developing markets is another compelling reason for the expansion of boom truck sales, moreover, boom hope towers. Specifically in India, the number of telecommunication towers increased from 0.74 million during December of 2022 to 0.78 million in January of 2024, Tele Net.
 

Boom trucks are becoming vital for both the installation and maintenance of communication towers, especially when 5G networks begin to cover the globe more. The demand for boom trucks largely comes from telecom industries that need a safe solution to reach higher places. With so much nonstop progress done in the telecom sector, it’s safe to say the growth in this industry will only continue to expand.
 

Boom Trucks Market Trends

Due to the rise in demand for wind and solar energy equipment, with the emergence of the boom truck market, novel wind and solar energy infrastructure is being made. A prime example: back in June 2023, Terex Utilities displayed Z-60 Substation Utility Boom (SUB) in celebration of the 70th anniversary of Electric Utility Manager’s conference. It is an electric power-driven self-propelled MEWP that can provide up to 60 feet of electrical insulation and articulation boom directional movement.
 

The best part about this boom-enabled MEWP is, you can use it in both hybrid and electric mode, delivering energy savings when needed. Fully adhering to ANSI A92.2 dielectric ratings thanks to their fiberglass enclosure, the Z-60 SUBs were constructed to functional and operational standards that further elevated the engineering standards set in the equipment.
 

Over the years, the boom trucks market has asserted itself as the most efficient worker for maintenance, transport, and installation of heavy machinery in high elevated infrastructures, making it essential equipment that is and will be needed for the transition into clean energy. If anything, this further broadens the market for customized and durable boom trucks.
 

In addition, safety and efficiency concerns in the power and energy industries go hand in hand with the productivity of boom trucks. As companies and governments become more concerned with renewable energy, this sector presents numerous opportunities for growth to market participants.
 

A high entry barrier in the boom trucks market is the expensive procurement costs and maintenance of the vehicles. Apart from the price of equipment, which can operate heavy lifting and more difficult activities, which is on the costly side, smaller companies are also faced with issues of such costs that come with regular maintenance like inspection, repairs, and safety papers.
 

The costs set out can prevent some new anticipated firms from entering the market or extending their fleets if they are already in. With this, the acquisition as well as the maintenance of boom trucks creates a strain when transitioning into the market, and this aspect is limited within sensitive areas.
 

Boom Trucks Market Analysis

Based on the type, the telescopic segment accounted for over 50% share in 2024 and is expected to exceed USD 3 billion by 2034. Telescopic boom trucks are specifically made to raise heavy loads up to high elevations and, as a result, tend to be used in construction, utility, and infrastructure. The ability to expand and contract the boom adds to the degree of accuracy, especially in vast and complicated sites.
 

Moreover, the durability and stability they show under heavy loads allow them to be versatile in their lifting applications. The popularity of the market pole also depends on the increasing consumption in construction, maintenance, and energy industries, when long heavy lifts are required. telescopic boom trucks show no sign of being replaced as industries keep maturing performance and flexibility vision.
 

Based on the application, the construction segment held 50% share in 2024. the construction industry accounts for a large share of the boom truck market as a result of the industry's constant need for heavy lifting and material handling during construction activities. They assist in lifting building materials, machinery, and equipment, as well as positioning them on or between various heights.
 

The need for versatile and mobile lifting solutions is very critical due to the continuous escalation in the global market for infrastructure projects, which includes residential, commercial, combined with industrial, and a lot more. the growing tendency towards urbanization and the increase in construction activities around the globe is facilitating the construction industry as a key factor in driving this market. This is enabling boom trucks to work in hard-to-reach or congested areas of a construction site.
 

Based on the fuel, the diesel segment held above 40% share of the boom trucks market in 2024, due to its abundance in long-established and reputable rugged environments and remote locations, amperage, power output, and infrastructure suppliers, the diesel segment is taking over the market. boom trucks powered by diesel engines have better lifting capability, which is why these trucks are widely used in building and oil & gas sectors. Diesel boom trucks are being manufactured by several firms that are especially targeting the developing countries.
 

The product is also equipped with a secondary guarding system and crush hazard protection features. T 65D is suitable for a range of sectors that are involved in construction, cement, oil and gas, and other sorts of high work-mobile users, and it targets both the increasing domestic market and global exports.
 

With ever-increasing pressure for sustainability alongside environmental protection, more players have begun to prioritize the use of EV boom trucks. EV boom trucks promise reduced maintenance costs, emissions, and energy consumption. the EV boom trucks are becoming quite popular in urban and indoor settings while complying with green technology. This portrays how the industry is working towards sustainability to meet both the regulatory pressures and consumer cut-off the chain.
 

The class 6 segment held above 30% share of boom trucks market in 2024, due to their need for ample payload control and easy maneuverability for a balance of both. Perfect classes of boom trucks are sufficient for urban drivers while being able to transport off the road. These technologies are inexpensive and investment-friendly for firms that have mid-range boom trucks. The multi-purpose application of class boom trucks ensures it leads various sectors. Increased competitors eliminate large class types and instead push small ones; therefore, class types are economically diverse now.
 

In 2024, US holds around 80% in boom trucks market and is expected to generate revenue of around USD 1.5 billion by 2034, due to rise in demand of boom trucks in energy and transportation sectors. US boom truck manufacturers and suppliers have switched towards adopting innovative advanced safety packages ensuring both durability and increased effectiveness. due to the large-scale US market requirements, collision with the boom truck manufacturers and other suppliers is ensuring steady growth on the drivers. the US dominance in the industry is enhanced by the availability of regulatory assistance and the increased emphasis on environmentally friendly building activities.
 

The boom trucks market in Germany is anticipated to witness lucrative growth between 2025 to 2034. the German economy requires for the provision of boom trucks for construction, logistics and transportation purposes, and this demand is equally supplied due to the presence of a wide range of industries. The country possesses a reasonable industrial environment, well established infrastructure, and a considerable volume regarding demand for construction and specialized equipment, thus ensuring development of boom trucks.
 

In addition, the presence of large manufacturers and suppliers of boom trucks in the country reinforces its position in Europe. the boom trucks market in China is anticipated to witness significant growth between 2025 to 2034, due to rapid industrial growth and continuous construction projects intervention, China is dominating the boom trucks industry in the APAC region. In 2023, Statista reported a 1.25% increase in value Chinese construction production output. Rapid urbanization and other domestic mega projects provide sufficient development opportunities for construction machinery, specifically boom trucks.
 

Not only does China have a large consumer market for goods, but its local manufacturers and facilities also constitute an extremely important source for producing economic goods. The increased spending by the government on public infrastructure development projects such as roads, bridges, and railways drives the markets. China's capabilities in large-scale manufacturing and exporting integrate it into the APAC region perfectly.
 

Boom Trucks Market Share

Terex, Palfinger and Tadano collectively held a substantial revenue share of over 34% in the boom trucks industry in 2024. Some brands are popular and are more prevalent in the market, this is because of the strong brand image that they have created coupled with credible product offerings. Several industries such as the construction industry, the energy sector and even utility companies seek these firms out for collaboration or partnership.
 

These firms also proactively seek innovative solutions and invest in making cutting edge technology which allows them to stay one step ahead of their competition. They further expand their client outreach through extensive regional coverage throughout the globe.
 

Within the hassle-free boom trucks market space, Terex is able to stand out because of their customer centric approach as they are able to tailor truck designs depending on the lifting capability needed combined with reliable performance. They offer comprehensive solutions to the construction industry, the utility sector as well as material handling. Through their strong focus on customer service and their competitive network of dealers they are able to grow within this industry arena.
 

There is intense competition fiered between participants for boom trucks where companies and firms are focusing on strong differentiation, customizability and deepened application scope catering towards end user sectors such as construction, transport and utilities among many. Electric hoist manufacturers are strategic in their approach and focus on the versatility of the equipment, while ensuring that they can operate with ease, they micro focus on the tasks and business goals set in front of them, in order to be highly efficient and accurate with their work. Automated and smart tools with a range of telematics and remote monitoring functions are quickly becoming the norm.
 

Boom Trucks Market Companies

Major players operating in the boom trucks industry are:

• Altec Industries
• Dur-A-Lift
• Elliott Equipment Company
• Hiab
• Liebherr Group
• Manitex International
• Palfinger
• Tadano
• Terex
• Versalift
   

Boom Trucks Industry News

• In August 2024, JCB commenced the sale of their T 65D which is a Diesel powered Telescopic Boom Platform in India during the conference on Aerial Platform Association of India. The platform which was developed in the Jaipur factory of JCB places a great emphasis on reliability, efficiency and safety. The T 65D possesses a 450kg load bearing capacity, a reach of 56 feet, and a boom lift of 65 feet.
   
•  In September 2023, Alectra Utilities made further advancements in the direction of electrification of their fleet by introducing an electric bucket truck for the first time that will assist them in their aim to achieve net zero emissions by the year 2050. For maintenance of overhead lines, powerline electricians will use the truck which is an International eMV model. This EV is one of the first to have been delivered in the province of Ontario and is still in the preliminary stages where its effectiveness for mass manufacturing is being evaluated. The addition of the vehicle is comparable to two average passenger vehicles in terms of emissions. Alectra is further enhancing their sustainability efforts by incorporating more hybrid and electric vehicles in their fleet.
   
• In June 2023, Terex Utilities introduced the Z-60 Substation Utility Boom (SUB) at the 70th Anniversary Electric Utility Managers Conference. Based on the Genie Z-60 FE, the 60-foot class insulated mobile elevated work platform (MEWP) is designed for substation work and other applications requiring boom articulation and insulation. It is hybrid-powered, offering all-electric and hybrid modes, with regenerative braking for energy recovery. The Z-60 SUB has a fiberglass platform and complies with ANSI A92.2 standard for dielectric ratings.
   

The boom trucks market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and volume (units) from 2021 to 2034, for the following segments:

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Market, By Type

• Telescopic
• Articulating
• Bucket

Market, By Application

• Construction
• Utilities
• Telecommunications
• Oil and Gas
• Logistics and warehousing

Market, By Fuel

• Diesel
• Electric
• Hybrid

Market, By Capacity

• Below 10 metric tons
• 10 to 20 metric tons
• 20 to 30 metric tons
• 30 to 40 metric tons
• 40 to 50 metric tons
• Above 50 metric tons

Market, By Class

• Class 4
• Class 5
• Class 6
• Class 7
• Class 8

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa