The Boom Lifts Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Boom Lifts Market?
The boom lifts market has experienced significant growth in recent years. The market size is projected to increase from $11.8 billion in 2024 to $12.69 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Boom Lifts Industry?
The global Boom Lifts market is projected to be worth $17.02 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.6%.
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What are the Key Growth Drivers Fueling the Boom Lifts Market?
The key drivers in the boom lifts market are:
• Expansion of renewable energy projects
• Upgrades to the telecommunication network
• Increased focus on workplace safety
• Growth in e-commerce and logistics industries
• Advancement of smart city initiatives
Global Market Segmentation: Identifying Major Boom Lifts Industry Segments
The boom lifts market covered in this report 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
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What are the Emerging Trends Shaping the Future of the Boom Lifts Market?
The key trends in the boom lifts market are:
• The development of all-terrain boom lifts is an emerging trend in the market.
• There is a growing trend of adopting hybrid power systems in the boom lifts industry.
• Enhanced outreach and working heights are becoming increasingly important features.
• Implementation of lithium-ion battery technology and focus on operator comfort and ergonomics are key trends shaping the future market.
Who Are the Top Competitors & Leading Players in the Boom Lifts Market?
Major companies in the boom lifts market are:
• Kobelco Construction Machinery Co. Ltd.
• XCMG Group (Xuzhou Construction Machinery Group Co. Ltd.)
• Sany Group
• JLG Industries Inc.
• Linamar Corporation
• Changsha Zoomlion Heavy Industry Science & Technology Development Co. Ltd.
• Terex Corporation
• Altec Industries Inc.
• Manitou Group
• Tadano Ltd.
• Haulotte Group
• Zhejiang Dingli Machinery Co. Ltd.
• Aichi Corporation
• Manitex International Inc.
• Niftylift Limited
• Palazzani Industrie S.p.A.
• Teupen Maschinenbau GmbH
• Dinolift Oy
• Socage S.r.l.
• Holland Lift International BV
• Leguan Lifts Oy
• Platform Basket s.r.l.
• Falcon Lifts ApS
• Galmon Equipment & Construction Company Limited
• Furukawa UNIC Corporation
• ASPAC Group
• MEC Aerial Work Platforms
• CTE S.p.A.
• Oil & Steel S.p.A.
• Denka Lift Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the boom lifts market in 2024
