Bucket Trucks Market Report

Market Insights

Bucket Trucks market is likely to witness a CAGR of 5.2% during the forecast period. The prime factor driving the bucket trucks market is rapid industrialization and urbanization leading to significant development in infrastructures.

Segments' Analysis

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Bucket Trucks Market Share: By Product Type

Based on the product type, the market is segmented as class 4, class 5, class 6, class 7, and class 8. The class 8 segment dominated the market in 2020 and is expected to maintain its position during the forecast period. Rapidly expanding usage of class 8 products for the installation of electric power grids and communication system is driving the growth and dominance of the segment.

Bucket Trucks Market Share: By Application Type

Based on the application type, the bucket trucks market is segmented as construction, utility, telecommunication, forestry, and others. The telecommunication segment is expected to witness the highest growth owing to rapidly expanding 4G and 5G infrastructures across the globe.

Bucket Trucks Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest market for bucket trucks during the forecast period. China, Japan, South Korea, Taiwan, Australia, and India are the largest consumers of bucket trucks in the region. Rapid urbanization, growing disposable income of consumers, expanding infrastructure industry, and economic growth in the region are the major factors driving the growth of the Asia-Pacific market. North America and Europe are also expected to witness a healthy demand for bucket truck products during the forecast period.

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Market Scope & Segmentation

Bucket trucks are basically a type of aerial work platforms that are mobile in nature, consisting of an aerial device mounted on a truck. They are used to lift men and materials, in the utilities, maintenance, tree, and sign fields. Bucket trucks can be classified by product type into class 4, class 5, class 6, class 7, and class 8. Based on type it can be categorized as insulated and non-insulated. Based on application type, the market is categorized into construction, utility, telecommunication, forestry, and others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The bucket trucks market is segmented into the following categories. 

Bucket Trucks Market Size, Share, & Forecast, by Product Type:

• Class 4 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Class 5 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Class 6 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Class 7 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Class 8 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bucket Trucks Market Size, Share, & Forecast, by Type:

• Insulated (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Non-Insulated (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bucket Trucks Market Size, Share, & Forecast, by Application Type:

• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Utility (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Telecommunication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Forestry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bucket Trucks Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

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Key Players

Some of the major players in the bucket trucks market are-

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

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com