Bucket Trucks Market - Regional Revenue Analysis and Trends Forecast to 2024
Category: #reports  By Rahul Varpe  Date: 2020-04-09
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Bucket Trucks Market - Regional Revenue Analysis and Trends Forecast to 2024

Regulatory authorities such as ANSI and OSHA are enforcing norms that require utility vehicles to undergo regular inspections. This helps ensure operator safety and optimizes performance. Following are some other prominent trends that are anticipated to propel bucket trucks industry outlook over 2018-2024.

Bucket Trucks Market share was valued at USD 1 billion in the year 2017 and is projected to surpass a revenue of USD 1.5 billion by the year 2024. The worldwide Bucket Trucks Market to register a CAGR of 5% over the period of 2018–2024.

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Know about Market growth in New Research and its Top growing factors by Key Companies like

Aichi Corporation, Altec Inc., Axion Lift, Bronto Skylift, CTE Group SPA, Dur-A-Lift, Inc., Elliott Equipment Company, Equipment Technology, LLC, Manitex International, Inc, Palfinger AG, Tadano Ltd., Terex Corporation, Versalift

Bucket trucks market size is garnering increased momentum demand all over the world, from the rapid growth of the construction sector as a result of investments in infrastructure development projects. Considerable increase in the global population has resulted in large-scale urbanization over the past few decades, which is driving the demand for smart and sustainable infrastructure solutions.

These utility vehicles facilitate easy lifting of people in the air or at heights where ladders cannot be used, or the use of ladders is unsafe. However, the maintenance of these trucks is quite a complex task that involves a number of steps such as checking the working condition of battery, engine, power steering, transmission and wheels. Higher maintenance costs may impact bucket trucks industry trends in the coming years.

Market Growth Drivers -          

  1. Increasing infrastructure investments globally
  2. Rising installation of displays and banners globally
  3. Increasing rate of urbanization in the U.S.
  4. Upgradation of power grids in India
  5. Increasing infrastructure and industrial projects in Russia
  6. Rising demand for lifting equipment from BRIC countries
  7. Growing demand for bucket trucks in China and Japan
  8. Rapid urbanization in Southern African countries

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The report overall depicts the potential opportunities for the Bucket Trucks Market till the year 2024 based on SWOT analysis, growth strategies by the major vendors prevalent in the current scenario, surveys highlighting the current as well as emerging trends, etc. The chief segmentation criteria for Bucket Trucks Market include product landscape, technology landscape, type landscape, end-use landscape, and application landscape. Each of these bifurcations presents a holistic overview of the market opportunities by analysing these parameters separately as well as entirely, thereby presenting forecast trends and growth potential of the Bucket Trucks Market till 2024.

Market based on Product Segment

  1. Class 4
  2. Class 5
  3. Class 6
  4. Class 7
  5. Class 8

Market based on Applications Segment

  1. Construction
  2. Utility [Electric, Water]
  3. Telecommunication
  4. Forestry

The latest study provides an in-depth analysis of the market focusing on various market definitions, segmentations, sub-segmentations, products, as well as applications. The report further details of the competitive landscape – outlining the information about the prominent market players at the global as well as the regional level. The development strategies and anticipated growth tactics of the industry players are further highlighted in the study.

The report also contains a detailed overview of the present trends and the forecast growth pattern of the Bucket Trucks Market till the year 2024. The factors impacting the product penetration and demand such as technology implementation, innovations, etc. are also presented in a detailed manner.

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Key Reasons to Purchase the Market Report

  1. The report elaborates on an in-depth evaluation of the market with respect to the product type segment, end-use segment, regional segment, and market opportunities till 2024
  2. A detailed data review alongside the meta-analysis of the market – with respect to the global vendors as well as regions – until 2024
  3. An in-depth understanding of the driving factors that will influence the market demand and preventive strengths in the market
  4. The report helps identify the latent growth opportunities of the market along with the CAGR forecast till 2024.
  5. The report will also help identify basic problems, solutions, and product developments to manipulate the progress threat.


About Author

Rahul Varpe

Email: [email protected]   

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 ...

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