Telescopic Boom Market Size, Share and COVID Impact Analysis, By Product Type (High Reach Telescopic Boom and Heavy Lift Telescopic Boom), By Capacity (Less Than 100 Ton, 100 Ton- 200 Ton, and More Than 200 Ton), By End User (Construction, Transportation, Mining & Quarries, and Others), and Regional Forecast, 2024-2032

Telescopic booms also known as straight booms, or stick booms, find their application in warehousing, transportation, construction, bridge construction, electrical work, logistics, maintenance, utilities, and other end-user industries. Telescopic booms are used for easy transportation in indoor as well as outdoor activities. It is used when laborers need to work at a particular height. It has a maximum operating height range from 15 feet to 185 feet. It has high flexibility, which improves the efficiency of work and satisfies various needs including concrete work, placing equipment, bridge assembly, and others.  

An expansion of the logistics industry is anticipated to increase the preference for warehouses. Telescopic booms find application in the inspection of warehouses and painting applications, which in turn, drives the growth of the telescopic boom market. Benefits associated with telescopic booms such as works ideally across a distance handling rough terrain well, performing multiple tasks, and increasing the rate of production. Such a factor increases the adoption of telescopic booms across multiple end users and drives the growth of the global telescopic booms market. In addition, technological advancement in telescopic booms is anticipated to provide lucrative opportunities for the growth of the telescopic boom market.

Impact of COVID-19 on the Telescopic Boom Market

The outbreak of the COVID-19 pandemic has negatively impacted the growth of the global telescopic boom market, owing to a halt in construction activities, and bridge construction activities. The sudden and unplanned lockdowns, the announcement of a serious health emergency, and the abrupt closure of markets and sales of telescopic booms among all geographies. In addition, owing to a prolonged lockdown of the manufacturing facilities across diverse regions and disruption of the supply chain operations also hurt the supply and procurement of telescopic booms. Although, the increasing preference of consumers towards procurement and application of digital printing technology is expected to provide a great resurgence and healthy market growth after a slight reduction during the COVID era. Although, reduced COVID-19 cases and easing restrictions on construction activities are expected to drive the growth of the telescopic boom market.  

Key Insights

The report will cover the following key insights:

• Recent industry trends and developments.


• Competitive landscape & strategic key players.


• Complete background analysis including assessment of the Global Telescopic Boom Market.


• Impact of COVID-19 on Telescopic Boom Market.

Analysis by End User

Based on end users, the market is segmented into construction, transportation, mining & quarries, and others. The use of telescopic booms in mining, aerospace, transportation, and construction applications. A rise in construction-related activities, which in turn, rise in demand for telescopic booms, is expected to fuel the growth of the market.

Regional Analysis

• The Asia Pacific region is projected to dominate the telescopic boom market owing to an increase in construction-related activities, and bridge construction activities. Numerous manufacturers are making extensive efforts to establish themselves and a strong customer base in Asia Pacific. For instance, in August 2021, the Indian government planned to initiate smart city projects to propel the growth of road and infrastructure development.


• The North American telescoping boom market is projected to drive the growth of the market, owing to the increasing development of infrastructure, and road construction. The strong presence of manufacturers such as Terex Corporation, Caterpillar Inc., and others, drive the growth of the market.


• In Europe, the telescopic boom market is anticipated to register significant growth owing to the rise in demand for heavy-load material handling equipment in the aerospace, mining, and shipping industries driving the growth of the market.


• In the Middle East and Africa, the rising demand for telescopic boom, in mining, and quarrying activities, drives the growth of the market.


• A government’s investment in road construction, bridge construction, and airports are expected to bring strong growth to the telescopic boom market in Latin America. For instance, in 2020, Brazil’s government invested around USD 23.2 billion in road and infrastructure-related activities.

Key Players Covered

Terex Corporation, Tadano Ltd, Elliott Equipment Company,  Liebherr Group, Kobe Steel Ltd, Mediaco Levage, J C Bamford Excavators Ltd, Caterpillar Inc.,  Sumitomo Heavy Industries Construction Cranes Co Ltd, Oshkosh Corporation, among others.

Segmentation

Key Industry Developments

• In July 2022 - Liebherr International AG launched a new LTC 1050 3.1 compact crane for the construction and mining industries. It has rope pull technology and is ideal for indoor activities. This telescope boom has a capacity of the height of up to 31 meters. It has a lifting capacity of 17 tons. The launch will increase diversity in the existing product portfolio of the company and help the manufacturer to advance its sales footprints in the market.


• June 2022- LGMG North America Inc. launched new four electric boom lifts such as T65JE, T85JE, T72JE, and T92JE. Lithium-ion batteries power all of these models. It has features such as low noise, high capacity, and zero emission control. This telescopic boom has able to work with heights from 71.5 feet to 97.8 feet and working with 54.5 feet, and 73.8 feet respectively.


• In December 2021- Genie, a subsidiary of Terex Corporation, launched a new telescopic boom S-60 J and S-65 HF. It has a lifting capacity of 14 feet, and 19 feet respectively. It is four times more efficient than traditional telescopic booms. It has 4-wheel drive (4WD) and reduces the maintenance cost of the machine.


• In June 2020 – Haulotte launched a new HT16 RTJ, designed for maintenance, and construction activities. It is diesel powered telescopic boom with a lifting capacity of 250 KG to 350 KG. It is able to work with height of 80 feet to 150 feet.