The global boom lifts market size reached US$ 11.8 Billion in 2023.
UNITED STATES, June 18, 2024 /EINPresswire.com/ — IMARC Group’s report titled “๐๐จ๐จ๐ฆ ๐๐ข๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฒ ๐๐ง๐ ๐ข๐ง๐ ๐๐ฒ๐ฉ๐ (๐๐ฅ๐๐๐ญ๐ซ๐ข๐, ๐๐ง๐ ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ๐๐), ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐ (๐๐ซ๐๐ข๐ฅ๐๐ซ ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐จ๐จ๐ฆ๐ฌ, ๐๐๐ก๐ข๐๐ฅ๐ ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐จ๐จ๐ฆ๐ฌ, ๐๐ซ๐๐ฐ๐ฅ๐๐ซ/๐๐ฉ๐ข๐๐๐ซ ๐๐จ๐จ๐ฆ๐ฌ), ๐๐ง๐ ๐๐ฌ๐ (๐๐๐ง๐ญ๐๐ฅ, ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ , ๐๐ข๐ง๐ข๐ง๐ , ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ, ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ข๐ง๐ ๐๐ง๐ ๐๐ซ๐๐ก๐๐ซ๐ ๐๐จ๐ซ๐ค, ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐-๐๐๐๐”, The global boom lifts market size reached US$ 11.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.
๐
๐จ๐ซ ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ฒ๐จ๐ฎ ๐๐๐ง ๐ซ๐๐๐๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/boom-lifts-market/requestsample
Factors Affecting the Growth of the Boom Lifts Industry:
โ ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
Infrastructure development projects often involve the construction of high-rise buildings, such as skyscrapers, residential towers, and commercial complexes. Boom lifts are essential equipment for working at heights during the construction, maintenance, and renovation of these structures. Infrastructure projects frequently include the construction and maintenance of bridges, highways, and overpasses. Boom lifts are indispensable for tasks like bridge inspection, painting, and repair work, where workers need to access elevated areas safely and efficiently.
โ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ:
Modern boom lifts are equipped with advanced safety features, such as tilt sensors, load sensors, and automatic stability controls. These features help prevent accidents and ensure operator and worker safety while working at heights. Technological advancements are leading to the development of boom lifts with enhanced maneuverability, including features like four-wheel steering, oscillating axles, and compact designs. This allows operators to navigate through tight spaces and work in confined areas more efficiently.
โ ๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐
๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ:
Boom lifts enable workers to access elevated areas quickly and safely, allowing them to complete tasks more efficiently compared to traditional methods, such as scaffolding or ladders. This speedier completion of work contributes to overall project efficiency and timelines. Boom lifts minimize downtime by providing stable platforms for workers to perform tasks at height without the need for extensive setup or dismantling. This efficiency gains significance in industries where downtime results in lost revenue like construction, manufacturing, and maintenance.
๐๐๐๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐จ๐ฆ ๐๐ข๐๐ญ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โ Dexterlifts Oy
โ Dinolift Oy
โ Galmon (S) Pte Ltd
โ Haulotte Group SA
โ JLG Industries, Inc. (Oshkosh Corporation)
โ Leguan Lifts Oy (Avant Tecno Group)
โ Niftylift (UK) Limited
โ Skyjack Inc (Linamar Corporation)
โ Teupen Maschinenbau GmbH
โ Xuzhou Construction Machinery Group Co., Ltd.
โ Zoomlion Heavy Industry Science&Technology Co., Ltd.
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=10686&flag=C
Boom Lifts Market Report Segmentation:
๐๐ฒ ๐๐ง๐ ๐ข๐ง๐ ๐๐ฒ๐ฉ๐:
โ Electric
โ Engine-powered
On the basis of the engine type, the market has been bifurcated into electric and engine-powered.
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐:
โ Trailer Mounted Booms
โ Vehicle Mounted Booms
โ Crawler/Spider Booms
Vehicle mounted booms represent the largest segment as they offer high mobility, versatility, and reach, making them suitable for a wide range of applications in industries, such as construction, utilities, and telecommunications.
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐:
โ Rental
โ Construction and Building
โ Mining
โ Transportation and Logistics
โ Landscaping and Orchard Work
โ Others
Rental accounts for the majority of the market share due to its flexibility, cost-effectiveness, and access to a variety of boom lift models without the need for large capital investments, appealing to businesses with fluctuating demand and budget constraints.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โ North America (United States, Canada)
โ Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ Latin America (Brazil, Mexico, Others)
โ Middle East and Africa
North America enjoys the leading position in the boom lifts market owing to robust construction and infrastructure development activities, stringent safety regulations mandating the use of aerial work platforms, and a mature rental market supported by a strong network of equipment rental companies.
๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐จ๐ฆ ๐๐ข๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The increasing trend of renting equipment instead of purchasing it outright is boosting demand for boom lift rental services. This approach offers businesses flexibility, cost savings, and access to a wide range of equipment models without long-term commitments. Boom lifts are used in various non-construction sectors, such as entertainment, events, agriculture, and warehousing, for tasks like lighting installation, tree trimming, inventory management, and facility maintenance.
Environmental concerns are also driving the adoption of eco-friendly boom lift models powered by electric or hybrid engines. These models reduce carbon emissions and operating costs, helping industries meet sustainability goals and adhere to environmental regulations.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐
๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Elena Anderson
IMARC Services Private Limited
+ +1 631-791-1145
email us here