Boom Lifts Market Analysis

End-user (Construction, Oil & Gas, Mining, Aerospace)

The global boom lifts market is segmented and analyzed for demand and supply by end user into construction industry, oil & gas industry, mining industry, aerospace and others. Among these segments, the oil & gas industry segment is anticipated to capture the largest market size in the global boom lifts market owing to the rising production of oil and gas in emerging countries along with the increasing investment in the oil and gas industry. It was observed that India's oil and gas sector is one of its eight core industries and by 2022, USD 24 billion is expected to be invested in exploration and production within the industry. Moreover, oil and gas projects require the construction of drilling rigs, the transportation and placement of heavy pipes, and the safe operation of pipelines and drilling rigs, which is anticipated to drive segment growth over the forecast period.

Our in-depth analysis of the global boom lifts market includes the following segments:

By Product Type	Telescopic Boom Lifts Articulating Boom Lifts Trailer Mounted Boom Lifts Bucket Trucks Towable Boom Lifts
By Power Source	Engine Powered Boom Lifts Hybrid Boom Lifts Electric Boom Lifts
By End User	Construction Industry Oil & Gas Industry Mining Industry Aerospace Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of boom lifts is evaluated at USD 12.38 Billion.

The boom lifts market size was valued at USD 11.65 Billion in 2023 and is expected to reach USD 25.78 Billion by 2036, expanding at around 6.3% CAGR during the forecast period i.e., between 2024-2036. Increasing construction activities, rising utilization of boom lifts in various end use industries along with growing investments in infrastructure development are driving the market growth.

Asia Pacific industry is anticipated to hold largest revenue share by 2036, owing to increasing constructional activities and investments in existing infrastructure in emerging economies such as China and India.

The major players in the market are Terex Corporation, Genie, JLG Industries, Inc, Prangl, Sinoboom, MEC Co., Ltd., Nifty Lift, Snorkel Lif, Skyjack and Haulotte Group.

Boom Lifts Market Analysis