Boom Trucks Market: Industry Analysis and Forecast (2019-2026) , Load King , Manitex Inc. , Manitowoc Cranes
Global Boom Trucks Market was valued US$ 2.1 Bn in 2018 and is expected to reach US$ 3.10 Bn by 2026, at a CAGR of 5.72 % during a forecast period.
Boom Trucks are used to lift heavy equipment, carry on loads on the flatbed, and hoist personnel using crane buckets.An increase in the global population coupled with rapid urbanization is expected to create the demand for efficient infrastructure facilities, buildings, and residencies. The rapid expansion of the infrastructure & industrial refurbishment projects and the smart cities across the globe are boosting the growth in the boom trucks market.
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Jay Peace
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