Market research reports, consulting: Global Market Insights Inc.

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Bucket Trucks Market Trends

Report ID: GMI4285 Published Date: May 2024Report Format: PDF
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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.

Author: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :

How big is the North America bucket trucks market?+

North America market accounted for over 45% share in 2023, as governments are making significant investments in modernizing old infrastructure, such as highways, bridges, and power grids.

What is the size of the bucket trucks industry?+

The market size for bucket trucks was valued at USD 1.5 billion in 2023 and is estimated to register over 7.5% CAGR between 2024 and 2032, driven by government investments in power grid upgradation projects.

Mention the key players involved in bucket trucks industry?+

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 and Versalift

Why is the demand for non- insulated bucket trucks growing?+

The non-insulated segment in the bucket trucks market accounted for over 82% share in 2023 and will exceed USD 2.3 billion in revenue by 2032, as they are adequate and cost-effective.

Bucket Trucks Market Scope

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