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Lattice And Telescopic Boom Market Growth Potential: How Will Market Size Shift Through 2030?
The market for lattice and telescopic booms has experienced consistent expansion in recent times. This sector is projected to expand from $1.94 billion in 2025 to $2.01 billion by 2026, demonstrating a compound annual growth rate (CAGR) of 3.4%. Historically, this expansion has been driven by factors such as the increasing scale of infrastructure initiatives, a rise in construction endeavors, the need for robust heavy lifting capabilities, the establishment of new ports and energy developments, and ongoing urbanization trends.
The market size for lattice and telescopic booms is projected to experience stable expansion in the foreseeable future. By 2030, this market is predicted to reach $2.27 billion, exhibiting a compound annual growth rate (CAGR) of 3.1%. This anticipated growth can be attributed to significant infrastructure investments, the expansion of renewable energy projects, the integration of smart construction equipment, a rising demand for efficient lifting solutions, and the growth of modular construction. Furthermore, major trends in the upcoming period are set to include the increased prevalence of high-capacity lifting equipment, a demand for long-reach cranes, the integration of telematics in cranes, an enhanced focus on jobsite safety, and the adoption of hybrid crane systems.
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Lattice And Telescopic Boom Market Growth Backed By Core Demand Fundamentals
The increasing need for construction is anticipated to boost the growth of the lattice and telescopic boom market moving forward. The construction industry encompasses a vast array of activities related to the design, building, and maintenance of infrastructure, including both the establishment of new structures and the renovation, repair, and demolition of existing ones. Lattice and telescopic booms are essential to the construction industry, providing extended reach, operational adaptability, and effective maneuverability in challenging job site environments. For example, in November 2024, the Office for National Statistics, a UK-based non-ministerial department, reported that the value of new construction work at current prices in Great Britain for 2023 climbed by 4.2% to a record £139,029 million. This increase was driven by growth in the private sector by £2,050 million and in the public sector by £3,578 million. Consequently, the rising demand for construction will be a significant driver for the lattice and telescopic boom market.
Lattice And Telescopic Boom Market Segment Analysis And Revenue Potential
The lattice and telescopic boom market covered in this report is segmented –
1) By Mobile Cranes: Lattice And Telescopic Boom, Crawler, Rough Terrain, All Terrain, Truck Loader
2) By Fixed Cranes: Industrial, Tower, Ship To Shore
3) By Operation: Hydraulic, Electric
Subsegments:
1) By Lattice and Telescopic Boom: Lattice Boom Cranes, Telescopic Boom Cranes, Hybrid Boom Cranes
2) By Crawler: Crawler Crane with Lattice Boom, Crawler Crane with Telescopic Boom, All-Terrain Crawler Cranes
3) By Rough Terrain: Rough Terrain Cranes with Telescopic Boom, Rough Terrain Cranes with Lattice Boom
4) By All-Terrain: All-Terrain Cranes with Telescopic Boom, All-Terrain Cranes with Lattice Boom, Multi-Purpose All-Terrain Cranes
5) By Truck Loader: Truck-Mounted Cranes with Telescopic Boom, Truck-Mounted Cranes with Lattice Boom, Articulating Truck Loader Cranes
Lattice And Telescopic Boom Market Growth Trends Reshaping The Competitive Landscape
Leading companies in the lattice and telescopic boom market are actively developing self-leveling boom lift technology to enhance flexibility, extend reach, and improve efficiency across various construction and industrial applications. This self-leveling boom lift technology refers to an advanced feature in boom lifts (also known as aerial work platforms or cherry pickers) that automatically keeps the work platform level, regardless of the boom’s position or the terrain where the machine operates. For instance, in January 2025, Genie, a US-based aerial-work-platform manufacturing company, launched the Genie S 85 XC FE hybrid and S 85 XC E electric telescopic boom lifts. These lifts are designed for construction, industrial, and maintenance applications, offering rough-terrain capability, extended reach, and hybrid/electric operation for flexible job-site use. The lifts feature a dual-capacity “Xtra Capacity” system, allowing operators to lift people, tools, and materials simultaneously, and provide an on-platform AC power supply for welding or tool operation. Additionally, advanced 4-wheel drive and oscillating axle systems enable stable operation on uneven or challenging terrain, enhancing both productivity and safety. These innovations demonstrate the continued evolution of telescopic boom lifts to meet modern construction and industrial requirements.
Lattice And Telescopic Boom Market Key Players Shaping Industry Direction
Major companies operating in the lattice and telescopic boom market are Kobleco Kobe Steel, The Liebherr Group, Sumitomo Heavy Industries Ltd., Ingersoll Rand Inc., Terex Corporation, Mammoet, The Manitowoc Company Inc., Palfinger AG, Tadano Ltd., Sarens n.v./s.a, Kato Works Co. Ltd., Link-Belt Cranes, Manitex International Inc., Favelle Favco Berhad, SANY Group, Lampson International LLC, Jekko s.r.l., XCMG Group, Sennebogen Maschinenfabrik GmbH, Cormach Srl
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Lattice And Telescopic Boom Market Regional Split: Which Areas Are Fueling Growth?
Asia-Pacific was the largest region in the lattice and telescopic boom market in 2025, and is expected to be the fastest-growing region in the forecast period. The regions covered in the lattice and telescopic boom market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
