Boom Truck Market Size, Share, and Growth Analysis, By Product Type (Boom Trucks, Bucket Trucks), By Mount (Rear Mount, Center Mount), By Lifting Capacity, By Boom Length, By Application, By Region - Industry Forecast 2025-2032

Global Boom Truck Market size was valued at USD 3.51 billion in 2023 and is poised to grow from USD 3.68 billion in 2024 to USD 5.35 billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).

The boom truck market is poised for significant growth driven by escalating investments in global infrastructure development and heightened demand from utility companies prioritizing worker safety. The ongoing trends of urbanization and industrialization are expected to further boost sales of these mobile cranes across various industry verticals. Additionally, the expanding heavy equipment rental and leasing sector presents new opportunities for suppliers, enhancing market potential in the coming years. However, it is crucial to note that the high initial costs associated with boom trucks may hinder market progress through 2031. Overall, while challenges exist, the positive market drivers suggest a promising outlook for boom truck sales in the future.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Boom Truck market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Boom Truck Market Segments Analysis

Global Boom Truck Market is segmented by Product Type, Mount, Lifting Capacity, Boom Length, Application and Region. Based on Product Type, the market is segmented into Boom Trucks and Bucket Trucks. Based on Mount, the market is segmented into Rear Mount and Center Mount. Based on Lifting Capacity, the market is segmented into Less than 25 Tons, 25-50 Tons and More than 50 Tons. Based on Boom Length, the market is segmented into Less than 25 Meters, 25-50 Meters and More than 50 Meters. Based on Application, the market is segmented into Construction, Utilities, Telecommunication, Rental and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Boom Truck Market

The global boom truck market is significantly influenced by the surge in infrastructure development activities worldwide. This uptick in construction projects, driven by urbanization and the need for updated facilities, creates a robust demand for boom trucks. These vehicles are essential for performing various tasks, ranging from material handling to lifting heavy loads, making them indispensable on construction sites. As governments and private entities invest heavily in infrastructure to support economic growth, the need for efficient and reliable equipment, such as boom trucks, is expected to continue to rise. This trend ultimately positions the boom truck market for expansive growth in the coming years.

Restraints in the Global Boom Truck Market

The Global Boom Truck market faces a significant challenge due to the high ownership costs associated with these vehicles. The expenses related to purchasing, maintaining, and operating boom trucks can deter potential buyers and limit market growth. These costs not only encompass the initial investment but also include ongoing maintenance, insurance, and fuel expenses, which can accumulate over time. As a result, companies and contractors may be hesitant to invest in new boom trucks, preferring to utilize existing equipment or explore alternative solutions. This financial burden can inhibit market expansion and hinder the adoption of boom truck technology in various sectors.

Market Trends of the Global Boom Truck Market

The Global Boom Truck market is currently witnessing a significant trend towards electrification, driven by the increasing emphasis on sustainability and eco-friendly practices. Manufacturers are innovating by developing electric boom trucks equipped with high-capacity batteries, which are becoming increasingly desirable due to their operational efficiency and reduced carbon footprint. This shift not only meets regulatory demands for cleaner technology but also aligns with the growing preference among consumers and businesses for sustainable transport solutions. Consequently, the market is poised for substantial growth as companies invest in the electrification of boom trucks to stay competitive in an evolving automotive landscape.