Boom Truck Market Size, Industry Trends, Growth Report 2034

Boom Truck Industry Prospective:

The global boom truck market size was worth approximately USD 3.42 billion in 2024 and is projected to grow to around USD 6.08 billion by 2034, with a compound annual growth rate (CAGR) of roughly 5.86 % between 2025 and 2034.

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Key Insights

• As per the analysis shared by our research analyst, the global boom truck market is estimated to grow annually at a CAGR of around 5.86 % over the forecast period (2025-2034).
• In terms of revenue, the global boom truck market size was valued at approximately USD 3.42 billion in 2024 and is projected to reach USD 6.08 billion by 2034.
• The boom truck market is projected to grow significantly due to rising infrastructure investments, increasing urbanization, expanding renewable energy installations, and the need for versatile material handling equipment across the logistics and warehouse sectors.
• Based on product type, the articulated boom trucks segment is expected to lead the boom truck market, while the telescopic boom trucks segment is anticipated to experience significant growth.
• Based on lifting capacity, the medium-duty segment is expected to lead the boom truck market, while the heavy-duty segment is anticipated to witness notable growth.
• Based on application, the construction segment is the dominating segment, while the utilities segment is projected to witness sizeable revenue over the forecast period.
• Based on fuel type, the diesel segment is expected to lead the market compared to the hybrid segment.
• Based on region, North America is projected to dominate the global boom truck market during the estimated period, followed by the Asia Pacific.

Boom Truck Market: Overview

A boom truck is a work vehicle that combines a truck body with a mounted crane, allowing it to lift and move heavy materials at different job sites. This design allows workers to transport equipment and perform lifting tasks with a single machine, improving efficiency and reducing overall operating costs. Articulated boom trucks have hinged arms that bend and rotate, making it easier to place loads around obstacles and operate in tight or crowded spaces. Telescopic boom trucks use straight, extendable boom sections that provide strong vertical lifting power and longer reach for elevated work. Construction sites rely on boom trucks to lift steel beams, position heavy components, and safely move building materials to higher floors.

Utility service crews use boom trucks for power line repairs, pole installation, transformer handling, and trimming vegetation near electrical lines. Oil and gas operations depend on boom trucks for equipment installation, pipeline maintenance, and material handling in remote or rugged locations. Municipal departments use boom trucks for streetlight repairs, traffic signal installation, and routine public infrastructure maintenance. Rental companies supply boom trucks for short-term or project-based needs, giving businesses access to lifting equipment without ownership expenses.

The expansion of infrastructure and growing construction activity are expected to drive growth in the boom truck market throughout the forecast period.

Boom Truck Market: Technology Roadmap 2025–2034

The boom truck market is entering a structured evolution phase driven by infrastructure spending, tightening safety regulations, electrification trends, and advances in telematics and lifting technology. The following is the technology roadmap divided into development phases expected to unfold through 2034.

2025–2027: Efficiency and Safety Acceleration Phase

• Advanced telematics systems become standard, enabling real-time load monitoring, predictive maintenance, and fleet utilization optimization.
• Improved safety features, such as overload protection and stability control, reduce accident risks.
• Lightweight high-strength steel booms increase lifting capacity without increasing vehicle weight, supporting fuel efficiency and regulatory limits.

2028–2031: Electrification and Smart Integration Phase

• Hybrid and fully electric boom trucks expand in urban construction, utilities, and municipal fleets due to emissions regulations and noise restrictions.
• IoT-connected boom trucks integrate with digital jobsite platforms for automated scheduling, usage tracking, and remote diagnostics.
• Modular boom and chassis designs allow easier customization for different industries.

2032–2034: Automation and Sustainability Maturity Phase

• Semi-automated lifting functions improve precision and reduce operator workload.
• Advanced battery systems and alternative fuels support zero-emission boom trucks for large-scale infrastructure and smart city projects.
• Digital lifecycle tools improve equipment performance, uptime, and long-term cost control.

Boom Truck Market Dynamics

Growth Drivers

How is infrastructure development increasing demand for boom trucks?

The boom truck market is experiencing strong growth as rising infrastructure investment increases demand for flexible, efficient, and reliable lifting equipment across construction and utility sectors. Government spending on roads, bridges, power systems, water infrastructure, and public buildings directly drives boom truck market growth by increasing the need for mobile lifting solutions. Highway and bridge construction projects boost demand because they require repeated lifting tasks across multiple phases, without the use of large stationary cranes. Urban transport expansion, including metro rail and rapid bus systems, supports boom truck adoption due to efficient operation in congested city environments.

Airport expansion and modernization projects increase demand for boom trucks used in large-area construction and ongoing maintenance. Seaport infrastructure development further drives the boom truck market as rising cargo volumes require continuous construction and maintenance support. Power grid modernization programs strengthen market growth by increasing demand for utility boom trucks in transmission and smart grid installation. Water infrastructure projects, public building construction, renewable energy development, and 5G network expansion collectively support the sustained long-term growth of the global boom truck market.

Urbanization and smart city development are creating new opportunities.

The global boom truck market benefits from rapid urbanization, as growing cities increase construction activity and demand for regular maintenance. High-rise residential projects drive demand for boom trucks for material lifting, window installation, facade work, and rooftop equipment placement. Mixed-use developments with homes, offices, and retail spaces support market growth because boom trucks operate easily on narrow urban streets. Smart city projects increase demand by installing sensors, cameras, lighting, and communication systems that require elevated access.

Urban renewal programs boost the boom truck market by continuously rebuilding older neighborhoods and former industrial areas. Vertical farming and urban agriculture projects add demand for boom trucks during structure assembly and equipment installation. Parking structure construction in dense cities relies on boom trucks for steel work, concrete placement, and mechanical installation. Urban logistics facilities, such as warehouses and fulfillment centers, support the steady use of boom trucks during construction and operations.

Restraints

High acquisition costs and maintenance expenses are limiting market accessibility.

A major challenge for the boom truck market is the high upfront cost, which makes purchasing difficult for small and mid-sized contractors. New boom trucks are expensive, and heavy-duty models cost even more, increasing financial pressure during slow economic periods. Limited access to financing creates barriers for businesses without a strong credit history or sufficient collateral. Insurance requirements add ongoing expenses, including coverage for liability, equipment damage, and operator safety. Maintenance costs rise over time due to regular servicing, hydraulic system repairs, inspections, and part replacements.

Fuel expenses remain a key challenge, especially for diesel boom trucks used daily at job sites. Operator training and certification increase labor costs because skilled operators earn higher wages. Depreciation, equipment downtime, and regulatory compliance further reduce profitability by lowering resale values, increasing inspection and testing costs, and requiring emission testing.

Opportunities

How is renewable energy expansion creating growth potential for the boom truck market?

The boom truck industry has strong growth opportunities as renewable energy projects worldwide increase. Clean energy construction requires reliable lifting equipment, which supports the rising demand for boom trucks. Wind farm development drives demand for boom trucks during tower assembly, equipment handling, and site operations. Ongoing wind turbine maintenance creates a steady need for boom trucks in remote locations. Solar energy projects increase the use of boom trucks for panel installation, mounting systems, and electrical setup. Rooftop solar installations further support demand across commercial and industrial buildings.

Energy storage, hydrogen, and geothermal projects offer opportunities that require heavy equipment lifting under challenging environments. Expansion of electric vehicle charging networks increases demand for boom trucks for station setup and power upgrades. Offshore wind development also supports boom truck demand through port-based assembly and onshore infrastructure work. Long-term government incentives, carbon-reduction targets, and clean-energy investments continue to strengthen growth prospects for the global boom truck market.

Challenges

How are safety regulations and operator qualification requirements creating obstacles for the boom truck industry?

The boom truck industry faces significant challenges due to strict safety regulations, mandatory operator certification, and rising liability risks. Safety authorities require formal training, regular inspections, accurate load calculations, and documented safety plans before boom truck operations begin. Operator certification involves testing, renewals, and ongoing training, which increases costs and administrative work for contractors. Inspection rules require daily checks and scheduled certifications, resulting in additional paperwork and potential equipment downtime.

Strict load capacity limits demand precise calculations based on boom position and setup, increasing the risk of fines and delays. Worksite restrictions near power lines, traffic areas, and buildings reduce operating flexibility. Poor ground conditions and bad weather can stop operations and disrupt project schedules. Higher insurance costs and a shortage of trained operators further limit equipment use. These factors together slow adoption and create operational pressure across the global boom truck market.

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Boom Truck Market: Report Scope

Boom Truck Market: Segmentation

The global boom truck market is segmented based on product type, lifting capacity, application, fuel type, and region.

Based on product type, the global boom truck industry is classified into articulated boom trucks, telescopic boom trucks, knuckle boom trucks, fixed boom trucks, stiff boom trucks, and others. Articulated boom trucks lead the market due to their versatility in maneuvering around obstacles, precise load placement in confined spaces, and popularity in utility and telecommunications applications.

Based on lifting capacity, the industry is divided into light-duty, medium-duty, heavy-duty, and super-heavy-duty. Medium-duty leads the market due to a balance between capability and cost, widespread availability from multiple manufacturers, and optimal size for navigating urban job sites.

Based on application, the global boom truck market is segregated into construction, oil and gas, mining, utilities, shipping and logistics, and manufacturing. Construction is expected to lead the market during the forecast period due to diverse lifting requirements across residential, commercial, and infrastructure projects and sustained global construction activity supporting economic development.

Based on fuel type, the global market is divided into diesel, electric, hybrid, and natural gas. Diesel holds the largest market share due to its proven reliability, excellent power-to-weight ratio, extended operating range without refueling, and lower initial equipment costs compared with alternative powertrains.

Boom Truck Market: Regional Analysis

What factors are contributing to North America's dominance in the global boom truck market?

North America is expected to grow steadily at around a 4.5% CAGR, keeping its leading position in the global boom truck market during the forecast period. The region leads the boom truck market due to a mature construction sector, extensive utility networks, strong rental demand, and well-developed equipment distribution systems. The United States operates a vast electrical grid of more than six hundred thousand miles, which requires regular maintenance, upgrades, and storm repairs, supported by utility boom trucks.

Natural gas pipeline construction and maintenance across North America rely on boom trucks for inspection, lifting, and repair work over wide geographic areas. Residential, commercial, and infrastructure construction activity supports stable boom truck demand despite economic cycles that affect project volumes. A mature rental equipment industry gives contractors flexible access to boom trucks without heavy capital investment, supporting short-term and specialized projects. Oil and gas operations across the United States and Canada use boom trucks for drilling support, production facilities, pipeline work, and field maintenance. Mining operations in western U.S. states and Canadian provinces depend on boom trucks for equipment servicing, facility construction, and material handling.

Growth in telecommunications infrastructure, including cellular towers, fiber networks, and rural broadband expansion, creates steady demand for boom trucks with elevated access. Aging infrastructure replacement programs for bridges, water systems, and public buildings drive long-term construction activity using boom trucks. Severe weather events such as storms, hurricanes, and winter conditions increase demand for emergency utility restoration using boom trucks. Skilled operator availability and established training programs support reliable boom truck use across industries. Combined infrastructure scale, industry diversity, and regulatory strength position North America as a globally stable, high-value boom truck market.

Asia Pacific maintains a significant market share.

Asia Pacific is expected to grow at a 6.3% CAGR, remaining the second-largest region in the global boom truck market. The region holds a strong market position due to heavy infrastructure investment, fast urbanization, expanding construction activity, and large manufacturing capacity. China drives demand through major projects in urban transport, high-speed rail, power grid expansion, and cross-border connectivity development. India supports market growth through smart city programs, metro rail projects, highways, renewable energy investments, and nationwide infrastructure upgrades.

Southeast Asian countries such as Vietnam, Indonesia, Thailand, and the Philippines benefit from urban growth, manufacturing expansion, and rising infrastructure spending, which increases demand for boom trucks. Japan maintains a highly developed construction sector that uses specialized boom trucks for earthquake-resistant construction, urban renewal, and disaster recovery. Australia depends on boom trucks in mining regions for equipment maintenance, facility construction, and material handling in remote areas. South Korea supports demand through advanced manufacturing, shipbuilding, and technology infrastructure projects. Power grid expansion across developing Asian countries increases boom truck use for transmission and distribution networks.

Port development, manufacturing strength, housing demand, public transport investment, renewable energy growth, logistics expansion, and rural infrastructure projects collectively support long-term growth of the boom truck market across the Asia-Pacific region. Government-led infrastructure funding, foreign direct investment, and public-private partnerships further accelerate regional demand for modern lifting equipment. Improving rental availability and expanding local service networks also support broader adoption of boom trucks across diverse industries in the region.

Recent Market Developments

• In October 2025, Custom Truck One Source, Inc., and its manufacturing division, Load King Manufacturing, unveiled a lineup of advanced utility, construction, and infrastructure boom truck equipment at Utility Expo 2025, highlighting innovations in lifting solutions and rugged commercial applications.

Boom Truck Market: Competitive Analysis

The leading players in the global boom truck market are-

• Manitex International Inc.
• Terex Corporation
• Altec Industries Inc.
• Palfinger AG
• Tadano Ltd.
• XCMG Group
• Zoomlion Heavy Industry Science and Technology Co., Ltd.
• Furukawa Unic Corporation
• Hiab (Cargotec Corporation)
• Manitowoc Cranes
• Kobelco Construction Machinery Co,. Ltd.
• Elliott Equipment Company
• IMT (Iowa Mold Tooling Co. Inc.)
• Fassi Gru S.p.A.
• HEILA Cranes S.p.A.

The global boom truck market is segmented as follows:

By Product Type

• Articulated Boom Trucks
• Telescopic Boom Trucks
• Knuckle Boom Trucks
• Fixed Boom Trucks
• Stiff Boom Trucks
• Others

By Lifting Capacity

• Light Duty
• Medium Duty
• Heavy Duty
• Super Heavy Duty

By Application

• Construction
• Oil and Gas
• Mining
• Utilities
• Shipping and Logistics
• Manufacturing

By Fuel Type

• Diesel
• Electric
• Hybrid
• Natural Gas

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa