Bucket Trucks Market - By Product (Class 4, Class 5, Class 6, Class 7, Class 8), By Type (Insulated, Non-insulated), By Application (Construction, Utility, Telecommunication, Forestry) & Forecast, 2024 - 2032

Bucket Trucks Market Size

Bucket Trucks Market was valued at USD 1.5 billion in 2023 and is estimated to register a CAGR of over 7.5% between 2024 and 2032. The increasing government investments in infrastructure development including new roads, bridges, electricity grids, and telecom networks boost market growth.
 

Bucket trucks become essential equipment for many construction operations including new and existing infrastructure, enabling workers to securely access high locations. They are used for installing & repairing equipment at high elevations in renewable energy projects such as wind farms and solar installations. Bucket trucks outperform traditional methods such as scaffolding and ladders in terms of efficiency and worker safety. This is especially critical for large-scale infrastructure projects with short timeframes. Bucket trucks enable workers to reach required heights swiftly and safely, optimizing project schedules and preventing potential mishaps.
 

For instance, in December 2023, the World Bank published findings on "private investment in infrastructure development," revealing that USD 36.4 billion was invested across 44 countries in various infrastructure endeavors by mid-2023. The number of projects increased from 121 to 161 during this period, indicating a wider spectrum of infrastructure initiatives worldwide and illustrating sector diversification. This underscores the expansion within this domain, consequently propelling the market growth.
 

The increasing installation of displays and banners across the globe is fueling the adoption of bucket trucks. Large billboards, building advertising, and street banners are frequently erected high to maximize exposure. Bucket trucks are a safe & effective means to transfer people and supplies to high heights for installation, maintenance, or repair. Scaffolding or ladders may not be suitable or safe for these enormous displays. Space is in short supply as cities become more densely populated. Building-mounted screens and rooftop advertising become increasingly common. Bucket trucks provide the required reach and flexibility to handle tight locations and reach rooftops for installation work. Sign placement, particularly at high heights, is subject to safety requirements. Bucket trucks meet these criteria by providing a safe platform with guardrails and fall protection for workers.
 

The high initial cost of bucket trucks poses a major challenge to the market, potentially slowing down its growth. Small businesses and startups may not have the funds to invest in a new bucket truck, especially given the additional costs associated with starting or maintaining a firm, thereby hindering market expansion. Even established enterprises may be cautious about replacing their old bucket trucks on a regular basis due to the exorbitant expense. They may choose to extend the life of their present vehicles, even if it means sacrificing economy, safety features, or conformity with the latest rules. Bucket trucks might be prohibitively expensive in developing countries. Companies or contractors may be more likely to choose cheaper options.
 

Bucket Trucks Market Trends

Bucket trucks are witnessing significant technological advancements. Modern bucket trucks use intuitive joysticks and digital controls for accurate movement and reduced operator fatigue. This means safer and more efficient work at heights. Overload prevention devices, anti-tipping mechanisms, and increased operator visibility lessen the danger of accidents when driving bucket trucks. This promotes a safer working environment and attracts a larger number of prospective users. New telescopic and knuckle boom designs provide increased reach, capacity, and articulation, enabling bucket trucks to access previously inaccessible areas & do more difficult jobs and broadening their applicability. The development of hybrid and electric bucket trucks minimizes emissions and noise pollution, making them more eco-friendly in metropolitan areas. Additionally, electric motors provide smoother performance and cheaper maintenance.
 

For instance, in August 2023, Burlington unveiled Vermont's first all-electric bucket truck, marking an important step toward the city’s transition to Net Zero Energy. The electric bucket truck will reduce Burlington Electric Department's (BED) annual diesel fuel usage by an estimated 1,650 gallons and reduce engine idling by 1,500 hours. It has a driving range of 110-115 miles and can idle for seven hours per workday while providing sufficient power to operate the aerial boom and bucket (55 feet high from ground to the base of the bucket and 60 feet working height) on a single charge.
 

Bucket Trucks Market Analysis

Based on type, the market is divided into insulated and non-insulated. In 2023, the non-insulated segment accounted for a market share of over 82% and is expected to exceed USD 2.3 billion by 2032. Non-insulated bucket trucks are much less expensive than their insulated equivalents. Due to their cheaper cost, they are a more appealing solution for a broader range of applications, particularly for enterprises with limited budgets. Many bucket truck applications do not need to operate near electrified power lines. As tasks including tree pruning, window cleaning, building, and painting do not require the added safety of insulation, non-insulated vehicles are ideal for these conditions. Non-insulated bucket trucks are largely used in non-electrical sectors, such as forestry, telecommunications (except high-voltage lines), and construction, as they are adequate and cost-effective. Currently, a substantial number of non-insulated bucket trucks are in operation. Replacing them with insulated versions would not be financially viable unless absolutely essential for safety.
 

Based on application, the market is categorized into construction, utility, telecommunication, and forestry. The utility segment accounted over 47% of the market share in 2023. Utility firms, such as electricity, telecom, and cable providers, operate massive networks of overhead wires, transformers, and equipment that span large distances. Bucket trucks are critical for these organizations to undertake maintenance, repairs, and installations on this infrastructure, frequently at high altitudes. Utility infrastructure requires regular maintenance to guarantee optimal functioning and avoid disruptions. Bucket trucks provide a safe and efficient platform for workers to access high positions for operations such as checking power lines, changing transformers, and pruning vegetation near power lines. Stringent worker safety standards require the use of appropriate equipment when operating at heights. Bucket trucks adhere to these criteria by providing a safe work platform with fall protection and enough insulation.
 

North America is the fastest-growing region in the global bucket trucks market, with a major share over 45% in 2023. Regional governments are making significant investments in modernizing old infrastructure such as highways, bridges, and power grids. This increase in infrastructure projects creates a significant demand for bucket trucks to ensure safe & efficient construction and maintenance. The U.S. has a large and well-developed industrial & commercial sector that depends significantly on bucket trucks for a variety of applications including building, maintenance, and installation. Many utility providers in the U.S. and Canada deal with aged infrastructure. Bucket trucks are used for upgrades and maintenance operations such as power line repairs and inspections.
 

U.S. manufacturers are at the forefront of bucket truck innovation, creating new models with enhanced features such as expanded reach, capacity, and safety features. This emphasis on cutting-edge technology makes U.S.-made bucket trucks appealing both locally and globally. Furthermore, the country has a wide and diversified user base for bucket trucks including utility companies, construction organizations, telecommunications providers, and tree trimming services. This diverse set of applications fuels market demand.
 

Rapid urbanization in APAC megacities, such as China, India, Japan, and Indonesia, requires greater construction. This necessitates the use of bucket trucks for jobs such as building facade installation, skyscraper cleaning, and rooftop maintenance. Similar to other areas, APAC governments are enacting stronger safety laws for working at heights. Bucket trucks comply with these laws, making them the preferable option over older means such as ladders or scaffolding.
 

European countries including France, Germany, the UK, and the Netherlands are witnessing significant growth in the bucket truck market. The rising use of renewable energy sources, such as wind and solar power, in Europe demands the use of specialized bucket trucks for installing & maintaining wind turbines and solar panels, which are frequently positioned at great heights. Many European countries have aged infrastructure such as electrical networks, highways, and bridges. To upgrade and maintain this infrastructure, bucket trucks are required for safe and efficient operations. Government investment in infrastructure projects is expected to drive market growth. Moreover, countries in the Middle East & Africa (MEA) region are witnessing rapid urbanization, fueling a construction boom. This translates to a growing demand for bucket trucks in construction activities.
 

Bucket Trucks Market Share

Terex Corporation provides tailored solutions and integrated packages including bucket trucks with complementary offerings such as utility equipment, material handling attachments, and digital control systems. This comprehensive approach delivers complete aerial work solutions designed to meet various operational needs.
 

Palfinger AG stays at the forefront of the bucket truck market through R&D investments, partnerships with technology firms, and the integration of advanced features, such as aerial work platforms, telematics solutions, and digital control systems, into its bucket truck offerings.
 

Bucket Trucks Market Companies

Major players operating in the market are:

• Aichi Corporation
• Altec Inc.
• Axion Lift
• Bronto Skylift
• CTE Group SPA
• Dur-A-Lift Inc.
• Elliott Equipment Company
• Equipment Technology LLC
• Manitex International Inc.
• Palfinger AG
• Tadano Ltd.
• Terex Corporation
• Versalift
   

Bucket Trucks Industry News

• In May 2024, ComEd, a Chicago-based electric utility serving northern Illinois, added the first all-electric bucket trucks to its growing fleet of Electric Vehicles (EVs). These zero-emission vehicles are part of ComEd's broader initiative to transition its fleet from internal combustion engines to electric, biodiesel, and clean-powered alternatives.
   
• In September 2023, Alectra Utilities integrated an all-electric double bucket truck from International eMV into its fleet. This electric vehicle is utilized by powerline technicians for routine overhead line maintenance tasks. This truck is among the initial deliveries of its kind in Ontario (Canada), marking a significant step toward sustainable and eco-friendly utility operations.
   

The bucket trucks market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and shipment (Units) from 2021 to 2032, for the following segments:

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Market, By Product

• Class 4
  • Insulated
  • Non-insulated
• Class 5
  • Insulated
  • Non-insulated
• Class 6
  • Insulated
  • Non-insulated
• Class 7
  • Insulated
  • Non-insulated
• Class 8
  • Insulated
  • Non-insulated

Market, By Type

• Insulated
• Non-insulated

Market, By Application

• Construction
• Utility
  • Electric
  • Water
• Telecommunication
• Forestry

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

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