2026 Global: Boom Trucks Market -Competitive Review (2032) report
Description
The 2026 Global: Boom Trucks Market -Competitive Review (2031) report features the global market size and projected growth/decline data for the period 2021 through 2032. The report primarily provides an examination of the business strategies for the ten largest global companies in the market and how their strategies differ.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for boom trucks market by geography and historical trend. The scope of the report extends to sizing of the boom trucks market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
The boom truck market features ten major companies driving innovation and growth in construction, utilities, and infrastructure sectors. Leading players include Liebherr-International AG, The Manitowoc Company, Inc., Terex Corporation, Tadano Ltd., Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Sany Heavy Industry Co., Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd., Palfinger AG, Kato Works Co., Ltd., and Manitex International, Inc. These firms dominate through advanced lifting capacities, telescopic booms, and customized solutions, holding substantial market shares amid a projected expansion from USD 4.6 billion in 2025 to USD 8.94 billion by 2032 at a 9.9% CAGR. Terex, Palfinger, and Tadano alone captured over 34% revenue share in 2024, bolstered by strong brand images and global dealer networks. Altec Industries, Dur-A-Lift, and Elliott Equipment Company also emerge as key U.S.-focused contributors, emphasizing safety features like smart outrigger systems and platform lanyard detection.
Liebherr-International AG excels in high-capacity models for global construction, integrating robust hydraulics and precision controls for demanding environments. Terex Corporation prioritizes customer-centric designs with tailored lifting capabilities, serving utilities and material handling via extensive service networks. Tadano Ltd. and Kato Works Co., Ltd. lead in Japanese engineering, offering durable telescopic booms with full Load Moment Indicator (LMI) systems for safe operations in oil & gas and telecom. Chinese giants XCMG, Sany, and Zoomlion dominate Asia-Pacific with cost-effective, high-reach trucks supporting rapid urbanization; XCMG provides models up to 58.6 meters, ideal for mega-projects. Palfinger AG and Manitex International innovate in articulating booms, enhancing mobility for HVAC, roofing, and arborist applications, while Manitowoc focuses on energy sector upgrades.
Market leaders adapt to 2025 trends like electric grid expansions and infrastructure demands, introducing self-leveling outriggers and higher-capacity units for transmission line work. U.S. firms like Altec and Load King target utility fleets with eco-friendly, phase-handling booms, anticipating 3-5% growth amid normalized truck production. European and Asian players leverage regulatory support and industrial booms, ensuring competitiveness through R&D in emissions reduction and AI-enhanced safety. Collectively, these companies solidify the boom truck sector's resilience, powering efficient heavy-lift operations worldwide.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for boom trucks market by geography and historical trend. The scope of the report extends to sizing of the boom trucks market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
The boom truck market features ten major companies driving innovation and growth in construction, utilities, and infrastructure sectors. Leading players include Liebherr-International AG, The Manitowoc Company, Inc., Terex Corporation, Tadano Ltd., Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Sany Heavy Industry Co., Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd., Palfinger AG, Kato Works Co., Ltd., and Manitex International, Inc. These firms dominate through advanced lifting capacities, telescopic booms, and customized solutions, holding substantial market shares amid a projected expansion from USD 4.6 billion in 2025 to USD 8.94 billion by 2032 at a 9.9% CAGR. Terex, Palfinger, and Tadano alone captured over 34% revenue share in 2024, bolstered by strong brand images and global dealer networks. Altec Industries, Dur-A-Lift, and Elliott Equipment Company also emerge as key U.S.-focused contributors, emphasizing safety features like smart outrigger systems and platform lanyard detection.
Liebherr-International AG excels in high-capacity models for global construction, integrating robust hydraulics and precision controls for demanding environments. Terex Corporation prioritizes customer-centric designs with tailored lifting capabilities, serving utilities and material handling via extensive service networks. Tadano Ltd. and Kato Works Co., Ltd. lead in Japanese engineering, offering durable telescopic booms with full Load Moment Indicator (LMI) systems for safe operations in oil & gas and telecom. Chinese giants XCMG, Sany, and Zoomlion dominate Asia-Pacific with cost-effective, high-reach trucks supporting rapid urbanization; XCMG provides models up to 58.6 meters, ideal for mega-projects. Palfinger AG and Manitex International innovate in articulating booms, enhancing mobility for HVAC, roofing, and arborist applications, while Manitowoc focuses on energy sector upgrades.
Market leaders adapt to 2025 trends like electric grid expansions and infrastructure demands, introducing self-leveling outriggers and higher-capacity units for transmission line work. U.S. firms like Altec and Load King target utility fleets with eco-friendly, phase-handling booms, anticipating 3-5% growth amid normalized truck production. European and Asian players leverage regulatory support and industrial booms, ensuring competitiveness through R&D in emissions reduction and AI-enhanced safety. Collectively, these companies solidify the boom truck sector's resilience, powering efficient heavy-lift operations worldwide.
Table of Contents
32 Pages
- 1.0 Scope of Report and Methodology
- 2.0 Market SWOT Analysis and Players
- 2.1 Market Definition
- 2.2 Market Segments
- 2.3 Market Strengths
- 2.4 Market Weaknesses
- 2.5 Market Threats
- 2.6 Market Opportunities
- 2.7 Major Players
- 3.0 Competitive Analysis
- 3.1 Market Player 1
- 3.2 Market Player 2
- 3.3 Market Player 3
- 3.4 Market Player 4
- 3.5 Market Player 5
- 3.6 Market Player 6
- 3.7 Market Player 7
- 3.8 Market Player 8
- 3.9 Market Player 9
- 3.10 Market Player 10
- 4.0 Comparative Business Strategies
- 4.1 Comparative Business Strategies of Player 1 and 2
- 4.2 Comparative Business Strategies of Player 1 and 3
- 4.3 Comparative Business Strategies of Player 1 and 4
- 4.4 Comparative Business Strategies of Player 2 and 3
- 4.5 Comparative Business Strategies of Player 2 and 4
- 4.6 Comparative Business Strategies of Player 3 and 4
- 5.0 Appendix
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