The global boom lifts market is forecast to grow at a CAGR of 18.22% during the period 2017-2021.
The report, Global Boom Lifts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is integration of IoT. The prime focus of construction or aerial work platform manufacturers has always been hardware. Internet of Things (IoT) is slowly being adopted in this sector as well. The Industrial Internet of Things (IIoT) is gradually shifting focus toward data, analytics, and software. Human interaction is slowly being replaced by communication and integration between machines.
According to the report, one driver in the market is rising construction of high-rises. The rate of urbanization in recent times has been ascending. Thus, it is expected that cities will utilize the land to their maximum by building high-rises or sky scrapers. As more people shift from rural areas to urban surroundings, the land is becoming scarce. This problem can only be addressed by the construction of high-rise buildings. Developing nations are setting new limits every day in the construction of new high-rises. Boom lifts have gained immense popularity in the construction of high-rise buildings due to their compact nature and ease of handling and accessibility.
- Altec Industries
Other prominent vendors
- ASPAC Group
- Elliott Equipment Company
- Manitex International
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By End-User
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/t2vsnh/global_boom_lifts