Telescopic Boom Lift Market leading players updates by forecast to 2026
                     Telescopic Boom Lift Market leading players updates by forecast to 2026 
Market Overview 
Telescopic boom lift are known as an aerial work platform. Telescopic boom lift is primarily used for jobs 
that require extended reach with maximum range and can move its axel 360 degrees. Telescopic boom 
lift can travel automatically during aerial operation with maximum work height between 40 and 80 feet. 
Features of telescopic boom such as active oscillating axel system, dual fuel or diesel engine options, 
360-degree continuous turntable rotation, platform rotators, out-and-up articulating jib options, 
powerful in driving force and large in load capacity and others are increasing its adoption among end 
users. 
The gradual increase in number of people living in urban areas has resulted in the building of 
skyscrapers, which led to rise in demand for telescopic boom lift. These lifts have gained popularity in 
the construction of skyscrapers due to their compact nature and ease of handling and accessibility. 
Telescopic boom lift is ideal choice for constructing skyscrapers where telescopic boom lift is used to lift 
workers, tools and materials to reach extended heights to complete work requirement. For instance, 
according to Coherent Market Insights, in 2017, the total number of 200-meter-plus buildings around 
the world reached to 1,319, which increased by 12.3% from 2016. 
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Market Dynamics 
End users of telescopic boom lift prefer to maintain the exiting boom lifts and do not invest in new 
machines due to their high cost. Furthermore, due to the high cost of telescopic boom lift, end users 
prefer renting telescopic boom lift instead of purchasing one. Renting telescopic boom lift is more 
economical choice, as renting offers lower maintenance and also flexibility for users to access a full fleet 
of machinery, rather than limiting to one model.  Hence, high price of telescopic boom lift is hindering 
the market growth. 
The global telescopic boom lift market is driven by growing demand for construction across the region 
especially in Asia Pacific. The government is investing in the development of infrastructure as well as 
private sector for investing in mega constructions is driving the global telescopic boom lifts market 
growth. The telescopic boom lifts are widely used in road construction, mining operations, airports, 
ports construction, and others. According to India Brand Equity Foundation (IBEF), in 2016, construction 
equipment industry revenue in India was US$ 3billion. Whereas, volume sale of construction equipment 
is growing by 96,730 units in 2018 from 76,000 units in 2016. 
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Some of the key players operating in the global telescopic boom lift include Terex Corporation, JLG, 
Prangl, Hunan Sinoboom Heavy Industry Co., Ltd., MEC, Niftylift (UK) Limited, Tadano Ltd., Kato Works 
Co., Ltd., Aichi Corporation, and Haulotte Group. 
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