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A boom truck is a type of mobile crane that features a telescoping boom mounted on a truck chassis. Boom trucks are used for various construction and maintenance tasks that require lifting and moving heavy loads. The Boom Trucks Market is driven by the increasing demand for construction activities, and the need for efficient and safe handling of materials. Key players in the market include Terex Corporation, Altec Industries, Inc. and Manitex International, Inc. The market is expected to grow at a steady rate in the coming years due to the increasing demand for construction activities in various sectors such as infrastructure, energy and utilities, and commercial construction. Single Axle Dump
Competitors in the global boom truck market are now developing smaller utility vehicles with greater working heights and maximum lifting capabilities in order to give consumers with dependable performance. Low-carbon-emitting boom trucks are also becoming industry standards.
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Global Boom Trucks Market: In-Depth Assessment on Key Segments
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Key Takeaways from the Boom Trucks Market
Product Innovations Strengthening Market Hold, as Smart City Developments Abound
The increasing number of construction projects and smart city developments are creating a way ahead for key manufacturers as well as new entrants in the landscape of boom trucks. Boom truck OEMs are developing a rich package of fuel-saving innovations to attract maximum buyers including near and long-term diesel enhancements, updates to vehicles such as advanced aerodynamics and active driver technology. Key players in the boom trucks market, such as Terex, Manitex, Altec, Elliott, Tadano and others provide customization by offering frame modifications and yielded proprietary axle configurations to their customers for different applications in varied end use industries. Manufacturers are still grappling with large overcapacities in emerging markets, leading to high and growing price competition.
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Find More Valuable Insights on the Boom Trucks Market
Fact.MR, in its new offering, provides an unbiased analysis of the global market for boom trucks, with historical data on demand (2013-2018) and expected projections for the period (2019-2027). The report discloses compelling insights into the demand for boom trucks based on product type (Behind the Cab Mount, Rear Mount, Swing Seat), lifting capacity (Less than 10 metric tons, 10-20 metric tons, 21-30 metric tons, 31-40 metric tons, 41-50 metric tons, more than 50 metric tons) and boom length (Less than 20 m, 20-30 m, 31-40 m, more than 40 m) across several regions.
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