Boom Lifts Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Articulating Boom Lifts, Telescopic Boom Lifts, Straight Boom Lifts, Others), By Movement Type (Mobile, Fixed), By Engine Type (Electric, Engine Powered), By End User Industry (Construction Industry, Mining Industry, Oil Gas Industry, Others), By Region, and By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 13.43 Billion
CAGR (2026-2031)	6.13%
Fastest Growing Segment	Articulating Boom Lifts
Largest Market	Asia Pacific
Market Size (2031)	USD 19.19 Billion

Market Overview

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. Furthermore, the operational shift toward equipment rental models allows construction firms to minimize capital expenditures while accessing necessary machinery. According to the International Powered Access Federation, in 2024, the European MEWP rental market revenue reached €3.5 billion due to these sustained demand factors.

Despite this expansion, the industry encounters a significant challenge regarding high equipment procurement costs and persistent supply chain volatility. Manufacturers and rental agencies face pressure from fluctuating raw material prices and logistical bottlenecks that delay delivery times and complicate fleet management. This financial strain impedes the ability of companies to rapidly modernize their inventories and may restrict market growth in regions where capital investment capabilities remain limited.

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. According to Oshkosh Corporation, January 2025, in the '2024 Fourth Quarter and Full Year Results', the Access segment reported full-year net sales of $5.16 billion, driven largely by sustained demand from North American infrastructure developments. This financial performance underscores the critical role of boom lifts in facilitating complex, large-scale engineering tasks.

Simultaneously, the Proliferation of Equipment Rental Services is fundamentally reshaping market dynamics. Construction firms are increasingly shifting from capital-intensive ownership models to rental solutions to mitigate operational costs and access diverse fleet options without the burden of maintenance. This trend has emboldened rental agencies to expand their inventories, thereby sustaining manufacturing output even during periods of economic fluctuation. According to Loxam, March 2025, in the '2024 Annual Results', the group achieved record consolidated revenues of €2.6 billion, reflecting the resilience of the rental model amidst mixed construction markets. Further highlighting the scale of equipment supply to meet this rental demand, according to Terex Corporation, February 2025, in the 'Fourth Quarter and Full-Year 2024 Results', the Aerial Work Platforms segment recorded net sales of $3.0 billion.

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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. Furthermore, logistical bottlenecks result in unpredictable delivery timelines, making it difficult for operators to align fleet capacity with project schedules. Consequently, companies are often compelled to extend the lifecycle of older machinery, leading to higher maintenance expenses and reduced operational efficiency.

This inability to cost-effectively acquire new assets directly restricts market expansion by dampening investment capabilities. When capital is absorbed by inflated equipment costs, organizations must prioritize essential fleet maintenance over aggressive growth strategies or the adoption of newer technologies. This trend of reduced capital expenditure is substantiated by recent industry data. According to the International Powered Access Federation, in 2024, fleet investment within the European rental market declined by 6% as companies shifted their focus from expansion to fleet renewal to navigate the challenging economic environment. Such retrenchment limits the availability of boom lifts for new infrastructure developments and stifles the overall growth trajectory of the global market.

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. The momentum behind this technological adoption is evidenced by the financial performance of key connectivity providers; according to Trackunit, March 2025, in the 'Annual Report 2024', the company’s annual recurring revenue grew by 17% to USD 119.5 million, reflecting the sector's rapid transition toward digitized fleet management ecosystems.

Simultaneously, the Rise of Specialized Lifts for Niche Industrial Applications is diversifying market offerings as manufacturers develop tailored solutions for specific utility and distribution tasks. Instead of one-size-fits-all models, the industry is witnessing a surge in equipment designed with unique weight-saving materials and compact footprints to access constrained workspaces without compromising performance. These specialized units address the distinct requirements of non-construction sectors, such as power line maintenance and urban logistics, where standard heavy-duty lifts are often impractical. Highlighting this trend, according to Terex Utilities, October 2025, in the 'Terex Launches TRX Series: Lightweight Boom with Heavy-Duty Performance' press release, the newly introduced TRX Series features a lightweight boom design that translates into an increased payload capacity of up to 6,000 pounds, catering specifically to the evolving needs of the utility industry.

Segmental Insights

Based on prominent market analysis, the Articulating Boom Lifts segment is recognized as the fastest-growing category within the Global Boom Lifts Market. This expansion is primarily driven by the equipment's exceptional versatility, which allows operators to navigate over and around obstacles to reach confined spaces. Such functionality is essential for dense urban construction and indoor facility maintenance where direct access is often restricted. Furthermore, the increasing demand for electric models to comply with emission regulations supports this upward trajectory. Safety guidelines from regulatory bodies like OSHA further favor these lifts for their precise positioning capabilities, ensuring secure operations in complex work environments.

Regional Insights

Asia Pacific maintains a leading position in the global boom lifts market, primarily driven by extensive infrastructure development and rapid urbanization in major economies like China and India. The region is witnessing a distinct transition from manual scaffolding to mechanized aerial work platforms, motivated by the need for higher operational efficiency and stricter enforcement of occupational safety standards. This growth is further supported by the expanding presence of equipment rental companies, which increases accessibility for contractors. Consequently, the continuous rise in commercial and industrial construction projects ensures the region remains the primary hub for market expansion.

Recent Developments

• In January 2025, Genie announced the introduction of new hybrid and electric versions of its S-85 XC rough terrain telescopic boom lift to meet the demand for sustainable equipment in the "Global Boom Lifts Market". The newly launched S-85 XC FE and S-85 XC E models utilize lithium-ion battery technology and independent AC drive motors to deliver quiet, emission-free performance suitable for both indoor and outdoor applications. By offering these electrified options with a working height of 91 feet, the manufacturer aims to provide contractors with flexible machinery that maintains the robust capabilities necessary for steel erection and general construction tasks.
• In November 2024, Sinoboom unveiled a comprehensive array of new and updated mobile elevating work platforms at a major customer event in Changsha, China. The product launch included lightweight articulating boom lifts such as the AB10J and AB15J Plus, which feature enhanced hydraulic systems and increased platform capacities. Additionally, the company introduced the AB26(E)J Plus, a model offering a working height of 25.65 meters and specialized capabilities for narrow worksites. This expansion of their portfolio directly supports the "Global Boom Lifts Market" by providing efficient, versatile equipment suited for a wide range of complex construction and maintenance environments.
• In November 2024, Zoomlion set a new industry benchmark by revealing the world's tallest self-propelled telescopic mobile elevating work platform during Bauma China in Shanghai. Standing at a record-breaking height of 82 meters, this innovative machine surpasses the manufacturer's previous records and significantly extends vertical reach capabilities within the "Global Boom Lifts Market". The exhibition also showcased fully electric and autonomous construction equipment, demonstrating the firm's strategic focus on intelligent operations. This technological breakthrough pushes the boundaries of high-altitude access, offering specialized solutions for large-scale infrastructure and construction projects that require extreme elevation and stability.
• In May 2024, Skyjack launched a new series of battery-powered electric rough terrain articulated boom lifts, specifically the SJ45 AJE+ and SJ60 AJE+ models, to address evolving needs in the "Global Boom Lifts Market". These units were engineered for versatile indoor and outdoor use, featuring working heights of 51 feet and 66 feet respectively. The manufacturer highlighted that the machines incorporate an all-electric axle-based drive system designed to provide superior traction and torque. This development offers rental companies a sustainable solution with reduced emissions and lower operating costs while maintaining the performance levels required for navigating challenging job site terrains.

Key Market Players

• JLG Industries, Inc.
• Terex Corporation
• Genie Industries, Inc.
• Skyjack International Inc.
• Haulotte Group
• Manitou Group
• Zoomlion Heavy Industry Science and Technology Co., Ltd.
• Sinoboom Group Co., Ltd.
• XCMG Group Co., Ltd.
• Sany Group Co., Ltd.

By Product Type	By Movement Type	By Engine Type	By End User Industry	By Region
Articulating Boom Lifts Telescopic Boom Lifts Straight Boom Lifts Others	Mobile Fixed	Electric Engine Powered	Construction Industry Mining Industry Oil Gas Industry Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

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:

• Boom Lifts Market, By Product Type:

• Articulating Boom Lifts
• Telescopic Boom Lifts
• Straight Boom Lifts
• Others

• Boom Lifts Market, By Movement Type:

• Mobile
• Fixed

• Boom Lifts Market, By Engine Type:

• Electric
• Engine Powered

• Boom Lifts Market, By End User Industry:

• Construction Industry
• Mining Industry
• Oil Gas Industry
• Others

• Boom Lifts Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE