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(EstateNewsWire.com, October 11, 2018 ) Boom lifts are a type of aerial platforms generally used to lift any person or object to reach at inaccessible places very easily. Boom lifts are generally powered by hydraulic machines and very useful in situation, where a person must go at some inaccessible places. Boom lifts are usually vehicle or truck mounted and can move in all direction. Boom lifts can work in situation like fire and flood to save peoples life. Apart from this, boom lifts are extremely useful in construction industries also. Boom lifts have a wide range of application includes aerospace, construction, and maintenance of telecommunication towers.
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The global boom lift market is driven by growing demand for constructions across the geographies and various mega construction particularly in regions like Asia pacific. The government are making investments in development of infrastructure as well as the private sector are investing in mega constructions is driving the demand for global boom lifts. The boom lifts are widely used in road construction, mining operations, irrigation, urban infrastructures, airports, railways, ports construction etc. The market for boom lifts is restrained due to the increase in focus of end users towards procurement of used boom lifts due to high cost of new equipment’s, end users tend to maintain the existing boom lifts and do not invest in new lifts.
The growth in construction of commercial and residential buildings in developing nations across APAC is driving the need for boom lifts in the region. The need for residential construction will further increase with the rising disposable income and rapid urbanization. Also, the relaxation of strict regulations will encourage investments in the manufacturing sector. For instance, India is relaxing its foreign direct investment (FDI) restrictions in many industrial sectors such as civil aviation and construction. This will boost growth in the manufacturing sector and fuel the adoption of articulating boom lift in the region.
Over the next five years, Expert projects that Boom Lifts will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Elliott Equipment Company
This report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market. It also analyzes key emerging trends and their impact on present and future development.
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This report presents a comprehensive overview, market shares, and growth opportunities of Boom Lifts market by product type, application, key manufacturers and key regions.
To calculate the market size, Expert considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Telescopic Boom Lifts
Articulating Boom Lifts
Trailer Mounted Boom Lifts
Towable Boom Lifts
Segmentation by application:
Oil & Gas Industry
Shipping and Port Building
This report also splits the market by region:
Middle East & Africa
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To study and analyze the global Boom Lifts consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Boom Lifts market by identifying its various subsegments.
Focuses on the key global Boom Lifts manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Boom Lifts with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Boom Lifts submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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