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Bucket Trucks Market to witness rapid growth from Telecommunication Sector by 2019 - 2024

Author : Rahul Varpe | Published Date : 2019-04-18 

Global Market Insights provides a detailed overview of Bucket Trucks market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Bucket Trucks market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Bucket Trucks Market in Europe is experiencing growth with manufacturers focusing on safety standards operating in the industry coupled with the growing demand from the utility and construction industries. Energy-efficient products, such as electric trucks, will witness high adoption in Germany as end users are seeking to reduce costs. The presence of major rental companies, such as Haulotte Group, Kiloutou, and Riwal in France is anticipated to drive the regional industry demand.

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Bucket Trucks market is projected to exceed USD 1 billion by 2024. The construction sector is witnessing growth owing to the rapid urbanization in several regions in Asia Pacific, Europe, and the Middle East & Africa, thereby propelling the demand for these trucks. Stringent government regulations focusing on fostering a healthy working environment at workplaces are compelling construction companies to incorporate technologically-advanced machines for construction activities contributing to the market growth. The industry is expected to witness growth with the growing demand from the energy, power, and the telecom sectors. Several government organizations are refurbishing the existing infrastructure for the overall economic development. Insulated trucks are gaining importance as they offer enhanced safety & security in jobs related to power grids.

Increasing demand for insulated trucks from the utility sector is anticipated to contribute to the bucket trucks market growth. These trucks are used in the utility sector for safely placing the linemen to great heights to manage, maintain, and enhance the overall electrical power distribution network. The flow of electricity into the boom can electrocute the truck operator and can even damage the equipment. The lower and upper sections of the bucket trucks are insulated using a fiberglass coating that prevents electricity from flowing into the platform.

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The booming telecommunication sector globally will provide ample growth opportunities for the bucket trucks market. Several countries are trying to expand their existing telecommunication sector. The sturdy structure of bucket trucks and the wide variety of designs available make this equipment a convenient option for applications in the telecommunication sector. Increasing number of smartphones and the need for improved telecom infrastructure for enhanced connectivity are further propelling the market growth. Furthermore, there is a rising utilization of bucket trucks by tree-care workers to travel to the project site easily and for trimming away branches & limbs from power lines. The insulated lift in the bucket trucks provides protection and protection to workers from electrical hazards.

Key players in the bucket trucks market include:

  • Versalift
  • Socage S.R.L.
  • Palfinger AG
  • Terex Corporation
  • CTE Group
  • Dur-A-Lift Inc.
  • Tadano Corporation
  • Altec Corporation

Major players are trying to incorporate advanced technologies in these trucks to enhance the operator safety and are stressing about providing online & onsite training courses. These players are also trying to expand their distributor network to strengthen the bucket trucks market presence.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. 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 online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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