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Global Boom Lifts Market 2017-2021

Global Boom Lifts Market 2017-2021

About Boom Lifts

Boom lifts belong to the aerial work platform market. An aerial work platform is a mechanical device that provides access to people or equipment to elevated areas that are usually inaccessible. They are generally used for temporary access for maintenance and construction work by mechanics or firefighters. This distinguishes them from permanent access equipment, such as elevators. They are designed to lift a limited range of weight, usually less than a ton, unlike many cranes. Some aerial work platforms have a higher safe working load (SWL) and can lift heavier weights.

Technavio’s analysts forecast the global boom lifts market to grow at a CAGR of 18.22% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global boom lifts market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Boom Lifts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AICHI
  • Altec Industries
  • HAULOTTE GROUP
  • Tadano
  • Terex
Other prominent vendors
  • ASPAC Group
  • Elliott Equipment Company
  • JLG Industries (Oshkosh)
  • Manitex International
  • MEC
  • XCMG Group
  • Niftylift
  • Skyjack
  • Dinolift
  • TEUPEN
  • Snorkel
Market driver
  • Rising construction of high-rises
  • For a full, detailed list, view our report
Market challenge
  • Volatility in steel prices
  • For a full, detailed list, view our report
Market trend
  • Integration of IoT
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Boom Lifts Market 2017-2021

Technavio recognizes the following companies as the key players in the global boom lifts market: AICHI, Altec Industries, HAULOTTE GROUP, Tadano, and Terex.

Other Prominent Vendors in the market are: ASPAC Group, Elliott Equipment Company, JLG Industries (Oshkosh), Manitex International, MEC, XCMG Group, Niftylift, Skyjack, Dinolift, TEUPEN, and Snorkel.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of IoT. The prime focus of construction or aerial work platform manufacturers has always been hardware. Internet of Things (IoT) is slowly being adopted in this sector as well. The Industrial Internet of Things (IIoT) is gradually shifting focus toward data, analytics, and software. Human interaction is slowly being replaced by communication and integration between machines.”

According to the report, one driver in the market is rising construction of high-rises. The rate of urbanization in recent times has been ascending. Thus, it is expected that cities will utilize the land to their maximum by building high-rises or sky scrapers. As more people shift from rural areas to urban surroundings, the land is becoming scarce. This problem can only be addressed by the construction of high-rise buildings. Developing nations are setting new limits every day in the construction of new high-rises. Boom lifts have gained immense popularity in the construction of high-rise buildings due to their compact nature and ease of handling and accessibility.

Further, the report states that one challenge in the market is volatility in steel prices. The widely and most used raw material in the manufacture of boom lifts is steel. Raw materials and other varied supplies for manufacturing boom lifts are readily available from a host of competing suppliers. During 2011-2016, steel prices were low due to the oversupply in China. Cheap metal inputs also invaded the market during that period. All these factors allowed manufacturers to offer products at competitive prices to consumers while still being in profit.

Companies Mentioned

AICHI, Altec Industries, HAULOTTE GROUP, Tadano, Terex, ASPAC Group, Elliott Equipment Company, JLG Industries (Oshkosh), Manitex International, MEC, XCMG Group, Niftylift, Skyjack, Dinolift, TEUPEN, and Snorkel.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of aerial work platform
      • Table End-user industries of boom lifts
      • Table Current and future market prospects of different end-users 2016 and 2021
      • Table Current and future market prospects of different geographies 2016 and 2021
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global boom lifts market 2016-2021 ($ millions)
      • Table Global urban population as a percentage of total global population 2008-2015 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Market share of end-users 2016 and 2021
    • Global boom lifts market by construction sector
      • Table Global boom lifts market by construction sector 2016-2021 ($ millions)
      • Table Commercial service exports in India and China 2008-2015 ($ billions)
    • Global boom lifts market by telecommunication sector
      • Table Global boom lifts market by telecommunication sector 2016-2021 ($ millions)
      • Table Highest investors in telecom in 2014 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Market shares of each region in global boom lifts market 2016 and 2021
    • Boom lifts market in APAC
      • Table Boom lifts market in APAC 2016-2021 ($ millions)
    • Boom lifts market in Americas
      • Table Boom lifts market in Americas 2016-2021 ($ millions)
    • Boom lifts market in EMEA
      • Table Boom lifts market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Completion of tall buildings 2010-2016 (%) (200 meters and above)
      • Table Incremental growth in investments in global smart cities market 2017-2026 (trillions)
    • Market challenges
      • Table Movement in average steel price 2012-2016 ($ per ton)
      • Table Fatal occupational injuries incurred by contracted workers by machinery 2011-2014 (numbers)
      • Table Causes of deaths in construction by type of aerial lifts in US 1992-1999 (numbers)
      • Table China GDP growth 1990-2015 (Annual %)
  • Market trends
    • Integration of IoT
    • Introduction of hybrid boom lifts
    • Increased focus on efficiency and maintenance
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • AICHI
      • Table Key products of AICHI
    • Altec Industries
      • Table Key products of Altec Industries
      • Table Types of boom lifts by Altec Industries
    • HAULOTTE GROUP
      • Table Key products of HAULOTTE GROUP
    • Tadano
      • Table Key products of Tadano
      • Table Types of boom lifts by Tadano
    • Terex
      • Table Key products of Terex
      • Table Types of boom lifts by Terex
  • Appendix
    • List of abbreviations
  • Explore Technavio

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