US Boom Truck Market Research Report: By Capacity (Up to 15 Tons, 15 Tons–25 Tons, 25 Tons–35 Tons, Above 35 Tons) and By Application (Construction, Utilities, Industries, Others) - Forecast to 2035

US Boom Truck Market Overview:

As per MRFR analysis, the US Boom Truck Market Size was estimated at 440.33 (USD Million) in 2023. The US Boom Truck Market Industry is expected to grow from 460(USD Million) in 2024 to 827 (USD Million) by 2035. The US Boom Truck Market CAGR (growth rate) is expected to be around 5.477% during the forecast period (2025 - 2035).

Key US Boom Truck Market Trends Highlighted

The US Boom Truck Market is witnessing several important market trends shaped by various factors. One key market driver is the growing demand for urban infrastructure development. As cities expand and the need for better transportation, utilities, and construction services increases, boom trucks have become vital for projects that require the lifting of heavy materials and workers. Additionally, the push towards more sustainable practices and energy-efficient equipment is leading to the adoption of advanced boom trucks that meet stricter environmental regulations. There are also notable opportunities to be explored, particularly in the Construction and Telecommunications sectors.With the ongoing upgrade of infrastructure and the rollout of 5G technology, there is a rising need for boom trucks that can facilitate these installations, thus opening up avenues for manufacturers and service providers. Recent trends indicate the increasing integration of technology in boom trucks. Features such as telematics for real-time tracking and diagnostics, as well as the automation of certain operational functionalities, are gaining traction. This trend not only enhances operational efficiency but also improves safety on worksites, which is a significant concern across the US. Furthermore, as workforce demographic changes evolve, there is a shift towards machines that are easier to operate, making boom trucks more accessible to a wider range of operators, which aligns well with workforce development initiatives outlined by various industry stakeholders in the region. Overall, the US Boom Truck Market is evolving with a focus on sustainability, technological advancements, and proactive industry growth strategies that address the changing landscape of infrastructure demands.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Boom Truck Market Drivers

Infrastructure Development Projects

In the United States, infrastructure development is a significant driver of growth in the US Boom Truck Market Industry. The American Society of Civil Engineers (ASCE) has reported that the nation's infrastructure requires approximately 4.5 trillion USD in investment by 2025 to maintain and improve its current condition. This figure underlines the substantial need for modern equipment, including boom trucks, as part of construction and maintenance operations across various sectors.With increased federal funding allocated for infrastructure projects through government initiatives like the Bipartisan Infrastructure Law, we can expect a surge in demand for boom trucks, as they are essential for lifting and positioning materials at height in construction zones and other projects. The emphasis on rebuilding and enhancing infrastructure will propel the US Boom Truck Market forward, presenting ample opportunities for manufacturers and suppliers.

Growth in Construction Activities

The construction sector in the United States continues to experience robust growth, significantly impacting the US Boom Truck Market Industry. According to the U.S. Census Bureau, construction spending rose to over 1.5 trillion USD in mid-2023, marking an increase of approximately 10% from the previous year. This surge indicates a rising demand for building and construction services, which in turn drives the need for specialized equipment like boom trucks.As construction firms expand their capabilities to undertake larger and more complex projects, the reliance on boom trucks for efficient material handling is expected to grow, positioning this market for further growth and market potential in the years to come.

Technological Advancements

Rapid technological advancements in machinery and equipment manufacturing significantly influence the growth of the US Boom Truck Market Industry. Innovations in design, such as the incorporation of advanced safety features, automation, and telematics, have made boom trucks more efficient and user-friendly. The National Equipment Register indicates that the adoption of newer technologies within the construction industry is rising, with equipment equipped with smart capabilities rising by over 25% in the last five years.As manufacturers invest in Research and Development to enhance their product offerings, the marketplace becomes increasingly competitive, thereby attracting more customers who are looking for enhanced performance and efficiency, driving the US Boom Truck Market forward.

Increased Demand for Specialized Equipment

There is a growing trend toward the acquisition of specialized equipment in the United States, notably influenced by evolving industry standards and project requirements. As operations demand higher precision and capability, boom trucks with specialized features, such as enhanced lifting capacities and versatile configurations, are in higher demand. The National Association of Home Builders has noted that about 74% of builders reported a need for specialized lifting equipment, highlighting the rising focus on operational efficiency and safety.This trend drives manufacturers to innovate and adapt their products to meet these specialized needs, spurring growth in the US Boom Truck Market Industry. As companies prioritize efficiency and safety in their projects, the appeal of boom trucks as critical equipment is anticipated to expand.

US Boom Truck Market Segment Insights:

Boom Truck Market Capacity Insights

The capacity segment of the US Boom Truck Market has become increasingly significant, reflecting the diverse requirements of various industries such as construction, telecommunications, and utilities. Each capacity bracket caters to specific applications, playing a crucial role in shaping operational efficiencies in the market. The segment 'Up to 15 Tons' is widely recognized for its versatility, serving smaller projects, maintenance tasks, and urban job sites where maneuverability is key. In contrast, the '15 Tons–25 Tons' range finds its relevance in mid-sized construction projects, offering a balance between lifting capacity and operational flexibility, which many contractors prefer due to its adaptability.As operations scale, the '25 Tons–35 Tons’ capacity segment rises in importance, facilitating heavy-lifting capabilities for substantial construction and installation projects. This segment witnesses considerable demand as it effectively meets the needs of larger projects, where efficiency and safety are paramount. Additionally, the 'Above 35 Tons' range represents a specialized segment that is critical for heavy industrial applications, such as in energy and large-scale infrastructure development. This segment is often characterized by advanced safety features and cutting-edge technology, allowing it to handle complex lifting operations reliably.Growth drivers in this sector align with broader trends in the construction and infrastructure development landscape across the US, which has been bolstered by governmental investments in public works and private sector expansions. However, challenges persist, including regulatory requirements regarding safety standards and environmental impacts, which require constant adaptation by manufacturers and operators. Emerging technologies also present both opportunities and challenges, as the industry embraces automation and more efficient energy sources. Overall, the capacity segment of the US Boom Truck Market presents a dynamic landscape with evolving needs, impacted by economic trends and shifts in industry demand, positioning itself for sustained growth in the coming years.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Boom Truck Market Application Insights

The US Boom Truck Market, particularly within the Application segment, showcases a diverse range of uses that are increasingly crucial to various industries. The construction sector plays a pivotal role, benefiting significantly from boom trucks for lifting heavy materials and equipment to considerable heights, thereby enhancing operational efficiency and safety on job sites. Utilities, another key area, relies on boom trucks for efficient maintenance and service of electrical and telecommunications infrastructures, ensuring minimal downtime for essential services.The industrial segment, characterized by manufacturing and warehousing, leverages boom trucks to facilitate the quick loading and unloading of goods, streamlining processes and reducing labor costs. Additionally, other applications encompass a variety of specialized uses across different fields, displaying the versatility of boom trucks. The growth drivers in this market are influenced by technological advancements, increasing urbanization, and the need for efficient lifting solutions in construction and maintenance activities across the US. Market trends also indicate a rise in safety regulations, pushing industries to adopt advanced boom truck models equipped with the latest safety features.Overall, the US Boom Truck Market revenue is expected to benefit from expanding market potential driven by these application domains.

US Boom Truck Market Key Players and Competitive Insights:

The US Boom Truck Market is characterized by a competitive landscape that is continuously evolving. Various factors such as technological advancements, regulatory changes, and shifting customer preferences are driving companies to innovate and adapt their offerings to maintain market relevance. The major players in this sector focus on enhancing product performance, safety features, and ease of use to cater to the diverse needs of industries such as construction, utilities, and maintenance. The competition is not only marked by established firms but also includes new entrants that aim to carve out their niche by offering specialized solutions. As each company strives to improve its market position, understanding competitive insights is crucial for stakeholders aiming to make informed decisions.JLG Industries stands out in the US Boom Truck Market due to its commitment to quality and innovation. The company has harnessed its expertise in manufacturing aerial work platforms and telehandlers, enhancing its product offerings to include advanced boom trucks that meet the rigorous demands of various industries. JLG Industries has a significant market presence, bolstered by a reputation for reliability and high-performance machinery. Its strengths lie in its robust distribution network, comprehensive customer support, and continuous investment in research and development. Pursuing sustainability through eco-friendly machinery and innovative technologies, JLG Industries ensures it remains a frontrunner in addressing the evolving needs of its customers while enhancing operational efficiency.LiftAll has emerged as a key player in the US Boom Truck Market, focusing on delivering specialized lifting solutions across multiple sectors. The company is well-known for its comprehensive range of products and services, which include boom trucks tailored for demanding applications in heavy-duty lifting and operation environments. LiftAll's strengths are rooted in its emphasis on customer-centric solutions and a strong commitment to safety and compliance with industry standards. The company has strategically expanded its market presence through partnerships and collaborations, allowing it to leverage synergies that enhance its product offerings. Additionally, LiftAll has engaged in mergers and acquisitions that have strengthened its capabilities, enabling it to deliver innovative solutions that cater to the specific needs of the US market. By continuously adapting to market trends and customer feedback, LiftAll maintains a competitive edge in the rapidly changing landscape of boom truck manufacturing.

Key Companies in the US Boom Truck Market Include:

JLG Industries

LiftAll

Duo Lift Manufacturing

Genie

Donovan Equipment

Skyjack

Xtreme Manufacturing

Hinowa

Haulotte Group

Terex Corporation

Illinois Tool Works

Aichi Corporation

Altec Industries

Versalift

Bronto Skylift

US Boom Truck Market Industry Developments

The US Boom Truck Market has seen notable developments recently, particularly with JLG Industries enhancing its product range with advanced telematics features, improving operational efficiency for users. In October 2023, Terex Corporation reported an increase in demand for aerial work platforms, contributing significantly to their quarterly earnings growth. A merger announcement in June 2023 revealed that Haulotte Group acquired specific assets of a failed competitor, intending to expand its market presence and product offerings in North America. Additionally, Skyjack launched a new line of electric boom lifts aimed at reducing carbon emissions, reflecting the industry's shift towards sustainable equipment. Over the past two years, companies such as Genie and Xtreme Manufacturing have expanded their production facilities within the US to meet increasing customer demand for innovative boom trucks. Furthermore, the Illinois Tool Works reported consistent growth in their aerial work platform sales, a segment that has been pivotal for the consolidation in the market. The Federal Government's infrastructure spending increase is another significant factor currently influencing market dynamics, as it leads to more project opportunities requiring boom trucks.

US Boom Truck Market Segmentation Insights

Boom Truck Market Capacity Outlook

Up to 15 Tons

15 Tons–25 Tons

25 Tons–35 Tons

Above 35 Tons

Boom Truck Market Application Outlook

Construction

Utilities

Industries

Others

Report Scope:

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	440.33(USD Million)
MARKET SIZE 2024	460.0(USD Million)
MARKET SIZE 2035	827.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	5.477% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	JLG Industries, LiftAll, Duo Lift Manufacturing, Genie, Donovan Equipment, Skyjack, Xtreme Manufacturing, Hinowa, Haulotte Group, Terex Corporation, Illinois Tool Works, Aichi Corporation, Altec Industries, Versalift, Bronto Skylift
SEGMENTS COVERED	Capacity, Application
KEY MARKET OPPORTUNITIES	Infrastructure development projects, Demand in renewable energy sector, Growing urban construction activities, Technological advancements in safety features, Increasing rental market for boom trucks
KEY MARKET DYNAMICS	infrastructure development projects, technological advancements, regulatory compliance requirements, rising construction activities, increasing demand for rentals
COUNTRIES COVERED	US