PUBLISHER: TechSci Research | PRODUCT CODE: 1901718
PUBLISHER: TechSci Research | PRODUCT CODE: 1901718
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The Global Boom Lifts Market will grow from USD 13.43 Billion in 2025 to USD 19.19 Billion by 2031 at a 6.13% CAGR. Boom lifts are mobile elevating work platforms characterized by telescopic or articulating boom sections that lift personnel and equipment to precise elevated positions. The market is primarily driven by stringent occupational safety regulations that necessitate secure alternatives to traditional scaffolding and the continuous demand for versatile vertical access in global infrastructure projects.
| Market Overview | |
|---|---|
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 13.43 Billion |
| Market Size 2031 | USD 19.19 Billion |
| CAGR 2026-2031 | 6.13% |
| Fastest Growing Segment | Articulating Boom Lifts |
| Largest Market | Asia Pacific |
Key Market Drivers
The Expansion of Global Construction and Infrastructure Projects stands as a primary catalyst for the Global Boom Lifts Market. Governments and private entities worldwide are channeling substantial investments into mega-projects, including data centers, renewable energy plants, and urban infrastructure updates, which require versatile aerial access equipment. This surge in heavy construction activity directly translates into robust order books for manufacturers as contractors seek reliable machinery for working at height.
Key Market Challenges
The Global Boom Lifts Market faces a substantial impediment in the form of high equipment procurement costs and persistent supply chain volatility. Manufacturers are contending with unstable raw material prices, which necessitates increasing the final purchase price of telescopic and articulating lifts. These rising capital requirements place a severe financial strain on rental agencies and construction firms, forcing them to delay fleet modernization or reduce the volume of new orders.
Key Market Trends
The Integration of IoT and Advanced Telematics Systems is revolutionizing the global boom lifts market by transforming standard machinery into intelligent, data-generating assets. Fleet managers are increasingly relying on connectivity solutions to monitor equipment health, optimize utilization rates, and implement predictive maintenance strategies that significantly reduce downtime. This digital shift enables operators to gain granular visibility into asset performance, driving operational efficiency and lower total ownership costs across construction and industrial sites.
In this report, the Global Boom Lifts Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Boom Lifts Market.
Global Boom Lifts Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: