The Boom Lifts Global Market Report 2023 by The Business Research Company, provides boom lifts market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Boom Lifts Global Market Report 2023, the market size is expected to grow from the global boom lifts market size is expected to grow from $10.28 billion in 2022 to $11.08 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The global boom lifts market size is expected to reach $14.42 billion in 2027 at a CAGR of 6.8%.
Increasing demand for construction activities is expected to propel the growth of the boom lifts market going forward. Construction refers to the altering, building, repairing, planning, acquiring, and designing of a structure of any private or public building. Boom lifts are widely used in construction as they provide increased versatility, and increased safety while performing construction activities, as a result, increasing demand for construction activities increases the demand for the boom lifts market.
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The boom lifts market is segmented:
1) By Type: Articulating Boom Lifts, Telescopic Boom Lifts, Straight Boom Lifts, Genie Boom lifts, Towable Boom Lifts
2) By Movement Type: Mobile, Fixed
3) By Engine Type: Electric, Engine Powered
4) By End User: Rental, Construction And Building, Mining, Transportation And Logistics, Landscaping And Orchard Work, Other End Users
Technological advancements are a key trend gaining popularity in the boom lifts market. Major companies operating in the boom lift market are focused on developing innovative products with the latest technologies to strengthen their position in the market. For instance, in September 2021, JLG Industries, a US-based manufacturer of telehandlers and mobile elevating work platforms (MEWPs), launched the JLG 670SJ self-leveling boom lift with self-leveling technology. This boom lift is designed to automatically adapt to terrain on slopes up to 10 degrees in any orientation while driving with full functionality at a class-leading 67-foot platform height. The self-leveling technology of the 670SJ is aimed at adjusting the boom lift’s chassis to the ground conditions and handling uneven terrain while traveling at height from one task to the next, resulting in considerable productivity benefits throughout the workday.
The boom lifts market report table of contents includes:
1. Executive Summary
2. Boom Lifts Market Characteristics
3. Boom Lifts Market Trends And Strategies
4. Boom Lifts Market – Macro Economic Scenario
5. Boom Lifts Market Size And Growth
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26. Africa Boom Lifts Market
27. Boom Lifts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Boom Lifts Market
29. Boom Lifts Market Future Outlook and Potential Analysis
30. Appendi
Top Major Players:
- Terex Corporation
- Tadano Ltd
- Galmon
- Zoomlion Heavy Industry Science&Technology Co. Ltd
- Sany Heavy Industry Co. Ltd
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