Boom Truck Market Size, Share, Growth & Trends 2031

The global boom truck market is growing as construction companies, utility providers, industrial operators, and energy companies increasingly require versatile equipment for lifting, transporting, and positioning heavy materials. Boom trucks combine the mobility of a truck with the lifting capabilities of a crane, making them suitable for projects where flexibility, reach, and efficient material handling are essential.

According to Kings Research, the global boom truck market was valued at USD 3,461.7 million in 2023 and is projected to grow from USD 3,642.2 million in 2024 to USD 5,435.2 million by 2031, registering a CAGR of 5.89% during the forecast period. Rising infrastructure development, construction activity, utility expansion, and technological advancements are supporting market growth.

What Is a Boom Truck?

A boom truck is a truck-mounted vehicle equipped with a hydraulic crane or boom designed to lift and transport heavy materials and equipment.

Unlike stationary cranes, boom trucks can travel between job sites, providing greater operational flexibility. Their booms can extend vertically or horizontally to reach elevated or difficult-to-access locations.

Boom trucks are commonly used for:

• Construction projects
• Utility maintenance
• Telecommunications infrastructure
• Oil and gas operations
• Industrial facilities
• Equipment installation
• Infrastructure maintenance
• Material handling

Their combination of transportation and lifting capabilities makes them an efficient solution for projects requiring mobility and lifting functionality.

Rising Infrastructure Development Drives Market Growth

Increasing investments in roads, bridges, commercial buildings, telecommunications infrastructure, and other development projects are creating strong demand for boom trucks.

Infrastructure projects frequently require equipment capable of lifting construction materials, machinery, electrical components, and other heavy loads at different heights.

Boom trucks provide an attractive solution because they can perform lifting and transportation activities using a single mobile platform.

Emerging economies are particularly important growth markets as governments and private companies invest in transportation networks, urban infrastructure, industrial facilities, and smart cities.

Rapid urbanization is also increasing construction activity, creating additional demand for versatile lifting equipment.

Construction Industry Remains a Major Application

The construction industry is one of the most important users of boom trucks.

The construction segment accounted for 32.97% of the boom truck market in 2023, representing the largest share among applications. The segment is projected to grow at a CAGR of 5.95% during the forecast period.

Boom trucks are used to lift and position materials such as:

• Steel components
• Concrete products
• Roofing materials
• Glass panels
• Construction equipment
• Building supplies

The increasing complexity and scale of commercial and residential construction projects are encouraging contractors to use equipment capable of reaching greater heights while maintaining mobility.

Public infrastructure spending and public-private partnerships are also expected to create opportunities for boom truck manufacturers and rental companies.

Demand from Utility and Telecommunications Sectors

Utility companies represent another important source of demand.

Boom trucks are commonly used for maintenance and installation work involving electricity distribution networks, street lighting, telecommunications equipment, and other elevated infrastructure.

The expansion of telecommunications networks is particularly important as operators deploy additional infrastructure to support broadband and mobile connectivity.

Utility companies require equipment that can safely access elevated work areas while transporting tools and materials. Boom trucks provide this combination of mobility, reach, and lifting capability.

As infrastructure networks expand and aging utility systems require modernization, demand for boom trucks is expected to remain strong.

20–50 Ton Capacity Segment Leads

Based on capacity, the boom truck market is divided into 0–20 tons, 20–50 tons, and above 50 tons.

The 20–50 tons segment generated USD 1,623.5 million in revenue in 2023, making it the leading capacity segment. It is also projected to remain the largest segment, reaching USD 2,456.8 million by 2031.

The popularity of this capacity range is linked to its balance between lifting performance, operating costs, and versatility.

Many construction and infrastructure projects require substantial lifting capacity but do not need the extremely high capacities provided by larger cranes.

The 20–50 ton range therefore provides contractors with an efficient solution for a broad range of applications.

Telescopic and Straight Boom Trucks Gain Momentum

By type, the market is divided into telescopic and straight boom trucks and knuckle boom trucks.

The telescopic and straight boom truck segment is projected to generate USD 3,073.3 million by 2031.

Telescopic booms provide extended reach and are suitable for high-rise construction and projects requiring significant vertical or horizontal access.

Straight boom trucks, meanwhile, are designed to provide strong lifting capacity, particularly at lower elevations.

The expansion of infrastructure projects, renewable energy installations, and industrial applications is supporting demand for these vehicles.

Technological advancements in hydraulic systems, controls, and safety features are further improving their performance.

Telematics Improves Fleet Management

Technology integration is becoming an important trend in the boom truck market.

Modern boom trucks increasingly incorporate telematics, GPS tracking, automated controls, and real-time monitoring systems.

Telematics allows fleet operators to monitor:

• Vehicle location
• Equipment performance
• Fuel consumption
• Maintenance requirements
• Operating hours
• Diagnostic information

Real-time data can help companies identify maintenance requirements before equipment failures occur.

GPS technology can also improve route planning and reduce unnecessary fuel consumption.

These technologies help fleet owners improve utilization, safety, productivity, and operating efficiency.

Automation Enhances Safety and Productivity

Automation is increasingly being incorporated into lifting equipment to improve operational precision and reduce human error.

Automated control systems can help operators manage boom movements more accurately and monitor operating conditions.

Advanced safety systems can also help prevent overloads, instability, and unsafe operating conditions.

As regulatory requirements become more stringent, manufacturers are expected to continue investing in technologies that improve equipment safety.

The adoption of digital controls and automated systems is therefore likely to remain an important competitive factor.

Equipment Rental Services Create New Opportunities

The increasing popularity of equipment rental services is creating another growth opportunity for the boom truck industry.

Purchasing a boom truck requires significant upfront investment, making ownership challenging for smaller contractors and businesses with temporary or fluctuating equipment requirements.

Rental services allow companies to access modern equipment without making a large capital investment.

Rental providers can also offer maintenance and service support, reducing the operational burden for customers.

This business model is particularly attractive for small and medium-sized construction companies that need equipment for specific projects.

In February 2023, Paul Becker GmbH expanded its rental fleet by acquiring two Bronto Skylift aerial platforms, demonstrating continued investment in specialized rental equipment.

High Operating Costs Remain a Challenge

Despite positive market growth, high maintenance and operating costs can restrict the adoption of boom trucks.

Operating expenses may include:

• Fuel
• Maintenance
• Repairs
• Insurance
• Operator training
• Transportation
• Regulatory compliance

Heavy-duty equipment requires regular inspections and maintenance to ensure safe and reliable operation.

For smaller businesses, these costs can make ownership less attractive.

Rental services can help address this challenge by allowing companies to access equipment without bearing the full cost of ownership.

Manufacturers are also focusing on improved component durability, fuel efficiency, electric technologies, and predictive maintenance to reduce total operating costs.

Safety Regulations Influence Product Development

Safety is a critical consideration in the boom truck industry.

Boom trucks operate with heavy loads and at significant heights, creating potential risks if equipment is improperly operated or maintained.

Governments and regulatory authorities have established safety requirements covering equipment operation, inspection, load handling, operator training, and workplace practices.

Compliance can increase operational complexity and costs, but it also encourages manufacturers to develop safer and more technologically advanced equipment.

Manufacturers are increasingly incorporating safety monitoring systems, automated controls, load management technologies, and improved operator interfaces into new models.

Asia Pacific Holds the Largest Regional Share

Asia Pacific accounted for approximately 34.90% of the global boom truck market in 2023, with a market value of USD 1,208.1 million.

The region's strong position is supported by rapid urbanization, industrialization, infrastructure development, and construction activity.

China, India, Japan, South Korea, and Southeast Asian countries are investing heavily in transportation infrastructure, bridges, commercial buildings, industrial facilities, and smart-city projects.

The expansion of manufacturing and renewable energy industries is also increasing demand for lifting equipment.

Technological adoption, including telematics and automated control systems, is further improving equipment efficiency across the region.

North America Is the Fastest-Growing Region

North America is projected to register the fastest regional CAGR of 6.43% from 2024 to 2031, with the market expected to reach USD 1,636.2 million by 2031.

Continued investment in construction, utilities, telecommunications, and infrastructure modernization is supporting regional demand.

The replacement of aging infrastructure is also creating opportunities for boom truck manufacturers.

Companies are increasingly adopting technologically advanced equipment to improve productivity and meet increasingly stringent safety requirements.

In September 2023, Steyr Automotive began assembling PALFINGER truck-mounted forklifts for the North American market, highlighting the region's strategic importance for equipment manufacturers.

Renewable Energy Expands Application Opportunities

The expansion of renewable energy infrastructure is creating additional opportunities for boom truck manufacturers.

Wind, solar, and other energy projects require specialized equipment for construction, installation, maintenance, and component handling.

Boom trucks can provide flexible lifting solutions for projects where mobility and access are important.

As governments and energy companies increase investment in renewable energy infrastructure, demand for specialized lifting equipment is expected to increase.

Manufacturers that develop equipment designed for renewable energy applications can therefore access new growth opportunities.

Electrification Emerges as a Technology Trend

Electrification is beginning to influence the broader lifting equipment industry.

Electric-powered equipment can help reduce fuel consumption, emissions, and noise, making it particularly attractive for urban construction and environmentally sensitive projects.

In December 2023, Tadano launched the fully electrified EVOLT eGR-250N rough-terrain crane in Japan. The crane has a lifting capacity of 25 tons and demonstrates the industry's movement toward electric lifting technologies.

As battery technology improves and emissions regulations become more stringent, electric and hybrid lifting equipment may gain greater adoption.

Competitive Landscape

The global boom truck market is fragmented, with manufacturers competing through product innovation, strategic partnerships, acquisitions, geographic expansion, and service development.

Key companies identified by Kings Research include:

• Terex Corporation
• AICHI CORPORATION
• Altec Industries
• Elliott Equipment Company
• Manitex Caribe
• Manitowoc Company, Inc.
• PALFINGER AG
• Bronto Skylift
• RUTHMANN Holdings GmbH
• Tadano Ltd.

Companies are focusing on improving lifting capacity, reach, fuel efficiency, safety, automation, and digital fleet management capabilities.

Manufacturers are also expanding their rental and service offerings to address changing customer preferences and reduce barriers to equipment adoption.

Future Outlook

The outlook for the boom truck market remains positive as construction, infrastructure, utility, telecommunications, and industrial activities continue to expand.

The increasing adoption of telematics, GPS tracking, automated controls, and predictive maintenance is expected to improve equipment efficiency and safety.

Rental services will likely remain important as smaller contractors seek flexible access to specialized equipment without large capital investments.

At the same time, electrification and low-emission technologies could become increasingly important as governments and businesses focus on reducing environmental impact.

Asia Pacific is expected to remain a major market, while North America is positioned for strong growth through continued infrastructure and utility investment.

Conclusion

The global boom truck market is projected to grow from USD 3,642.2 million in 2024 to USD 5,435.2 million by 2031, registering a CAGR of 5.89%.

Growing infrastructure development, construction activity, utility expansion, telecommunications investment, and renewable energy projects are creating sustained demand for versatile lifting equipment.

The 20–50 ton capacity segment currently leads the market, while construction remains the largest application. Telematics, GPS tracking, automation, rental services, and electrification are also shaping the industry's future.

As contractors and infrastructure operators increasingly seek equipment that combines mobility, lifting performance, safety, and operational efficiency, boom trucks are expected to remain an important component of modern construction and material-handling operations through 2031.