PUBLISHER: The Business Research Company | PRODUCT CODE: 1705252
PUBLISHER: The Business Research Company | PRODUCT CODE: 1705252
The lattice and telescopic boom crane features a complex arrangement of intersecting metal beams, designed for heavy construction projects needing significant lifting capacities and extended reach. Its robust structure ensures strong integrity and excellent load-bearing ability, making it suitable for demanding construction tasks.
Key players in the lattice and telescopic boom crane market include crawler, rough terrain, all terrain, and truck loader cranes. This category of heavy lifting equipment is predominantly utilized in construction and industrial environments. Other fixed crane types include industrial, tower, and ship-to-shore cranes, operated via hydraulic and electric mechanisms.
The lattice and telescopic boom market research report is one of a series of new reports from The Business Research Company that provides lattice and telescopic boom market statistics, including the lattice and telescopic boom industry global market size, regional shares, competitors with lattice and telescopic boom market share, detailed lattice and telescopic boom market segments, market trends, and opportunities, and any further data you may need to thrive in the lattice and telescopic boom industry. These lattice and telescopic boom market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The lattice and telescopic boom market size has grown steadily in recent years. It will grow from $1.89 billion in 2024 to $1.97 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to increasing urbanization, rise in infrastructure development projects, growth in renewable energy projects, increasing investment in mining and extraction industries, growth in the oil and gas sector.
The lattice and telescopic boom market size is expected to see steady growth in the next few years. It will grow to $2.31 billion in 2029 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to growth in the shipbuilding and marine industries, increasing emphasis on workplace safety and efficiency, growth in the logistics and warehousing sectors, rising rents of heavy equipment, increasing governmental spending on public infrastructure. Major trends in the forecast period include adoption of lightweight materials, advancements in sensor technology for real time monitoring, development of autonomous functionalities, implementation of remote operation capabilities, adoption of electric and hybrid power systems.
The increasing demand within the construction sector is expected to propel growth in the lattice and telescopic boom market. The construction industry encompasses a broad array of activities involving infrastructure design, construction, and ongoing maintenance. It encompasses both the creation of new structures and the renovation, repair, and demolition of existing ones. Lattice and telescopic booms play a crucial role in supporting these activities by providing extended reach, operational versatility, and effective maneuverability in challenging job site environments. For example, the Office for National Statistics (ONS) reported in November 2023 that annual new construction orders in the UK surged by 11.4% in 2022 compared to 2021, reaching a historic peak of £80.837 billion ($102.16 billion). This growth was driven by substantial increases in private infrastructure, private commercial projects, and other public non-housing sectors, which saw growth rates of 85.1%, 10.2%, and 17.5%, respectively. Therefore, the expanding demand within the construction industry is expected to drive the lattice and telescopic boom market forward.
Key companies in the lattice and telescopic boom market are actively developing self-leveling boom lift technology to enhance operational flexibility, extend reach capabilities, and improve efficiency across various construction and industrial applications. Self-leveling boom lift technology refers to an advanced feature in boom lifts, also known as aerial work platforms or cherry pickers, that automatically maintains the work platform level regardless of the boom's position or the terrain it operates on. For instance, in November 2022, JLG Industries Inc., a US-based manufacturing company, introduced the JLG 670SJ self-leveling boom lift technology for telescopic boom forklifts. The JLG 670SJ Self-Leveling Boom Lift is a diesel-powered machine designed for construction, maintenance, and industrial tasks. This system automatically adjusts the platform's position to ensure a stable working surface, even when operating on uneven ground. It utilizes sensors located at the base of the boom to detect changes in angle and transmit signals to the lift's hydraulic system for precise adjustments. This technology enhances safety and productivity, enabling operators to work more efficiently in challenging environments.
In March 2022, Huffermann Krandienst GmbH, a Germany-based company specializing in crane services and heavy haulage logistics, acquired Thomen Spedition GmbH & Co. KG for an undisclosed amount. This acquisition allows Huffermann Krandienst GmbH to enhance its market presence in northern and eastern Germany while broadening its service offerings in the wind power and process industries. Thomen Spedition GmbH & Co. KG, also based in Germany, is renowned for its expertise in operating lattice and telescopic boom cranes.
Major companies operating in the lattice and telescopic boom market are Kobleco Kobe Steel, The Liebherr Group, Sumitomo Heavy Industries Ltd., Ingersoll Rand Inc., Terex Corporation, Mammoet, The Manitowoc Company Inc., Palfinger AG, Tadano Ltd., Sarens n.v./s.a, Kato Works Co. Ltd., Link-Belt Cranes, Manitex International Inc., Favelle Favco Berhad, SANY Group, Lampson International LLC, Jekko s.r.l., XCMG Group, Sennebogen Maschinenfabrik GmbH, Cormach Srl
Asia-Pacific was the largest region in the lattice and telescopic boom market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the lattice and telescopic boom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the lattice and telescopic boom market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The lattice and telescopic boom market consists of sales of telescopic boom cranes, telescopic boom lifts, and telescopic handlers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Lattice And Telescopic Boom Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lattice and telescopic boom market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for lattice and telescopic boom ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lattice and telescopic boom market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.