The bucket truck market is anticipated to reach USD 1,950.9
million by 2030 from USD 1,371.9 million in 2022, at a CAGR of 4.5% during the
forecast period. The bucket truck market is expected to experience significant
growth on a global scale, driven by the increasing demand from various
end-users, including forestry, telecommunications, utilities, and construction
& earthmoving industries. These sectors require safe and reliable equipment
for elevated work areas, and bucket trucks offer an ideal solution. The growth
of the market is further fueled by the advantages offered by bucket trucks,
such as increased efficiency and convenience compared to traditional scaffolding
and ladders. As a result, the bucket truck market is poised for growth as
demand from end-users continues to rise.
Bucket trucks provide a highly reliable & safe
alternatives to scaffoldings and ladders used for construction or repair and
maintenance jobs at elevated heights, which is further boosting the demand for
bucket trucks on a global level. Increasing government and private sector
investment in the development of modern infrastructure and smart cities will
positively impact the growth of bucket truck market.
KEY MARKET DYNAMICS:
Demand from Key End-users: The demand for bucket trucks is closely tied
to the construction, maintenance, and utility industries, which are the primary
end-users of these vehicles. As these industries continue to grow, the demand
for bucket trucks is expected to increase.
Bucket truck manufacturers are constantly innovating and improving their
designs to enhance performance, safety, and reliability. This has led to the
development of new models with features such as increased reach, capacity, and
maneuverability. As a result, customers are increasingly willing to invest in
newer models, driving market growth.
Stringent Safety Regulations:
The safety of workers using bucket trucks is a top priority for governments and
organizations. As a result, safety regulations and guidelines have become
increasingly stringent, leading to a growing demand for bucket trucks that
comply with these standards.
Environmental regulations are becoming increasingly stringent, and there is a
growing demand for eco-friendly equipment. This has led to the development of
electric-powered bucket trucks, which are gaining popularity in the market.
Increasing Demand for Rental
Equipment: Many companies prefer to rent equipment, including bucket trucks,
rather than purchase them outright. This has led to a growing demand for rental
equipment, which is expected to drive market growth.
Bucket Truck Market, By Class: Opportunity Analysis
2022 & 2030
Bucket Truck Market By Height: Opportunity Analysis
2022 & 2030
45FT – 65FT
65FT & ABOVE
Bucket Truck Market By Type: Opportunity Analysis 2022
Middle East and Africa
Trucks Market by Class Review:
The bucket truck market is segmented into five classes: class 4, class 5,
class 6, class 7, and class 8. Based on market share, class 8 is expected to
dominate the market. This growth can be attributed to the high demand for
heavy-duty bucket trucks in applications such as power transmission and
forestry, where larger trucks are necessary to handle the weight of equipment
and materials. Class 8 bucket trucks segment is expected to see strong growth
in the coming years as demand for their specialized capabilities continues to
Telescopic bucket trucks are
a type of aerial work platform that feature a telescopic boom that can extend
and retract, allowing the platform to reach greater heights. These trucks are
primarily used in the construction, maintenance, and utility industries, where
they are used for a wide range of tasks, such as repairing electrical lines,
trimming trees, and cleaning windows on tall buildings.
Telescopic bucket trucks are
ideal for tasks that require a high reach, such as painting, construction work,
and maintenance of tall structures like towers or bridges. They are also used
in the telecommunications industry to install and maintain cell towers, as well
as in the mining industry for maintaining and repairing large mining equipment.
The telescopic boom allows the operator to reach difficult or inaccessible
areas, providing greater flexibility and efficiency in performing these tasks.
The focus on worker safety is
a significant growth driver for the telescopic bucket truck market. Companies
are increasingly looking for safe and reliable equipment that can help to
protect workers from hazards associated with working at height.
Trucks Market by Height Review:
On the basis of height, the market for bucket truck is segmented into
below 45FT, 45FT – 65FT, 65FT & above. Among these, the 65FT & above
segment is expected to be the largest in terms of market share.
Trucks Market by Type Review:
The bucket truck market is further segmented by type, which includes
telescopic, telescopic articulated, cable placers, digger derricks, material
handlers, non-overcenter, overcenter, and others. Among these, the telescopic
articulated segment is expected to hold the largest market share, while also
growing at the fastest CAGR during the forecast period. This growth is driven
by the flexibility and versatility offered by telescopic articulated bucket
trucks, which allow for increased maneuverability and access to hard-to-reach areas.
The bucket trucks
market research report offers detailed analysis and forecasts for five major
regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and
the Middle East & Africa.
In 2021, North America emerged as the largest market
for bucket trucks and is projected to maintain this position during the
forecast period of 2022-2030. This can be attributed to the region's strong
economic growth, well-established end-user industries, and the presence of
major market players. The increasing investments in modern infrastructure and
smart cities by the government and private sectors is further expected to
positively impact the growth of the bucket truck market.
United States bucket truck market size stood at USD
XXXX.X million in 2022. Further, it is predicted to expand at a CAGR of X.X%
during the forecast period and reach USD XXXX.X million by 2030. The United
States had one of the world’s largest industrial and commercial sectors, these
sectors are positively impacting the growth of bucket truck market in the
country. Balanced increment in the construction productivity has led to the
utilization of various technological equipment including the hybrid and all
terrain bucket trucks which will further boost the growth of bucket truck
market in the United States.
Moreover, the United States has a well-established
infrastructure sector and utility industry, which fuels the demand for bucket
trucks in the country. Apart from this bucket trucks are widely used in various
industries such as electricity maintenance, transportation, logistics, and others,
which will further increase the demand for bucket truck in the country.
During the forecast period, the Asia Pacific region is
expected to experience the highest growth rate in terms of CAGR in the bucket
truck market. This growth can be attributed to the expansion of the construction
industry and the improving financial conditions in the region. Emerging
economies such as China and India are also expected to drive the demand for
bucket trucks, particularly in the construction, telecommunications, and
The growing need for efficient and safe access to
elevated work areas, coupled with the increasing investments in infrastructure
development and smart cities, is expected to fuel the demand for bucket trucks
in the Asia Pacific region. Additionally, advancements in technology and the
adoption of environmentally friendly equipment are expected to contribute to
the growth of the market in the region.
Key Companies in Bucket Trucks Market:
report offers a competitive analysis of prominent companies operating in the bucket
trucks market. Some of the leading players profiled in the market research
Manufacturing Company Inc.
Manitowoc Company, Inc.