Bucket Trucks Market to 2026 - Development Strategy & Trends Forecast
Category: #business  By Rahul Varpe  Date: 2021-01-05
  • share
  • Twitter
  • Facebook
  • LinkedIn
Bucket Trucks Market to 2026 - Development Strategy & Trends Forecast

The bucket trucks market size is anticipated to exceed USD 1.5 billion by 2026. 

The adoption of bucket trucks in North America and Europe is rapidly growing due to the increasing demand for repair and maintenance operations from public and private industries. In North America, bucket trucks are widely used across the telecommunications, construction and utility sectors owing to a high usage of machines and availability of low labor.

Request for a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4285

Recovery of the telecommunication and construction sectors following gradual removal of lockdown restrictions may improvement the growth dynamics of bucket trucks market during the forecast timeframe.

The bucket trucks market is anticipated to grow over the coming years in the U.S. owing to the presence of many major manufacturers in the region which has increased consumer awareness and the easy availability of bucket trucks. In 2018, Manitex International, Inc., announced the expansion of its existing boom truck and articulating crane supply network to encompass Southwest Products along with its manufacturing facilities in Arizona.

Technical improvements and the adoption of more sustainable, low polluting fuel options across all the product types is expected to boost market size. Truck manufacturers are focusing on making advanced vehicle segments in order to support research and development activities across various operating regions.

Request for customization @ https://www.decresearch.com/roc/4285

Based on application, the bucket trucks market is divided into telecommunication, utility (water and electric), forestry and construction. Of these, the popularity of bucket trucks in the utility sector is growing exponentially owing to the increasing vehicle use in maintenance and installation activities. Availability of electric and standard compliant engine-based trucks may propel their use in the government sector. Bucket trucks are also used by electricity companies in order to reduce fatalities and ensure maximum safety for workers.

Growing adoption of modern aerial lifting equipment in the utility and construction sectors is anticipated to drive bucket trucks market size over the forecast period. Factors like high capability, powerful engines and operability with green fuel are driving vehicle demand worldwide. Moreover, the need for safe and efficient lifting machines that lower changes of potential fatalities at work sites are furthering the preference of bucket trucks, driving overall market growth.

However, the ongoing coronavirus pandemic has negatively impacted sales and manufacturing of the bucket trucks. Reduced sales figures and temporary shutdown of production sites has led to huge business losses. Stagnant repair and maintenance activities across infrastructural projects has majorly impacted industry growth, with conditions likely to remain the same in 2021.

Browse complete table of content (TOC) of this report @ https://www.decresearch.com/toc/detail/bucket-trucks-market

On a global scale, the competitive landscape of the bucket trucks market consists of companies such as Manitex International, Aichi Corporation, Tadano Ltd., and Palfinger AG. These companies are focusing on technical advancements and new product development to enhance their position in the market.

Manufacturers are investing in research and development activities focused on highly efficient equipment and are adding new software for handling equipment. In 2019, Manitowoc launched its new NBT60L bucket truck designed specifically for the utility and oil & gas sectors.

Related Reports: -

Dump Trucks Market: https://www.prnewswire.com/news-releases/worldwide-dump-trucks-market-share-to-cross-24-bn-by-2025-global-market-insights-inc-300844468.html

Boom Trucks Market: https://www.prnewswire.com/news-releases/boom-truck-market-will-grow-at-a-5-5-cagr-to-cross-3-5-billion-by-2025-gmi-300903790.html  

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Civil Engineering Market Trends Analysis Report To 2025
Civil Engineering Market Trends Analysis Report To 2025
By Rahul Varpe

The U.S. civil engineering market will collect a revenue of USD 1830 billion by 2025. The escalating investments in industrial infrastructure, commercial, and residential sectors across this region will augment the industry growth. Furthermore, the g...

Africa Fire Suppression Market Size and Share Analysis Report To 2025
Africa Fire Suppression Market Size and Share Analysis Report To 2025
By Rahul Varpe

The Africa fire suppression market is taking gradual steps to being strictly governed by a regulatory frame of reference. South Africa already has several fire prevention and protection codes in effect which are also followed by certain other countri...

Polymeric Sand Market Research | Key Players, Demand, Revenue, Growth Factors, By Types, Trends, Porters Five Force Analysis And Forecast Till 2025
Polymeric Sand Market Research | Key Players, Demand, Revenue, Growth Factors, By Types, Trends, Porters Five Force Analysis And Forecast Till 2025
By Rahul Varpe

The current boom in world tourism is also making a significant push for the expansion of the polymeric sand market as beautification of urban spaces has been at the top of the agenda for authorities looking to attract more tourists. For instance, in ...