Bucket Trucks Market Size By Product (Class 4, Class 5, Class 6, Class 7, Class 8), By Type (Insulated, Non-Insulated), By Application (Construction, Utility [Electric, Water], Telecommunication, Forestry), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2020 - 2026
The bucket trucks market is likely to register lucrative growth owing to the rising demand from end-user industries such as forestry, telecommunications, and construction. Bucket trucks are a kind of mobile, AWP (aerial work platform) comprising of an aerial platform mounted on a truck. These trucks usually have a platform attached to the lifting boom, with the boom being retrofitted to the truck through a rotating turret. it is not necessary that this apparatus be installed solely on a truck, as these vehicle mounted work platforms can also be mounted on industrial vans or trailers.
Bucket trucks have become one of the key vehicles for industries such as forestry and telecom, and also regularly utilized by construction firms, utility companies, and vegetation management services. In addition, since these bucket trucks include a vehicle mounted aerial device to lift tools, materials, and people to height, they are also used for infrastructure maintenance services across the globe.
The bucket trucks market is bifurcated in terms of product, type, application, and regional landscape.
Based on product, the bucket trucks market is classified into class 8, class 7, class 6, class 5, and class 4. Among these, class 6 bucket trucks will witness highest growth rate with the CAGR of over 6% over the forecast timeframe.
With respect to type, the bucket trucks market is divided into insulated and non-insulated. Insulated bucket truck is gaining popularity due to its enhanced safety. These trucks are designed mainly for utilities crews as well as those who are working near electrical cabling. Insulated bucket trucks are constructed of dielectric components like fiberglass, so as to prevent the conduction of electricity.
Further, special insulated bucket trucks are utilized for tree trimming and maintenance in order to keep the workers safe from dangerous high-voltage wires.
In terms of application, the overall bucket trucks market is segmented into forestry, telecommunication, construction, and utility. The demand for bucket trucks is increasing in forestry industry for maintenance activities. Forestry bucket trucks play an essential role in organizations that maintain and service the forest trails and paths that power and telecommunications cabling networks follow to connect two different regions. These trucks are also particularly built to be utilized in tree care and vegetation management applications. Further, these bucket trucks generally have an insulated boom and comes with a single bucket.
From a regional frame of reference, increasing investments in smart city construction projects in the Middle East & Africa region will spur the market demand. As per reports by CNN, Africa is anticipated to lead the smart city initiatives and stand as one of the most rapidly urbanizing continents across the globe. With new projects in the region, the utilization of bucket trucks will also expand.
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