January 29, 2020

Bucket Trucks Market Analysis by Size, Share, Demand and Trends between 2019 and 2027

The global bucket trucks market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each bucket trucks market player in a comprehensive way. Further, the bucket trucks market report emphasizes the adoption pattern of the bucket trucks across various industries.

The bucket trucks market report highlights the following players:

  • Manitex International, Inc.
  • Palfinger AG
  • AICHI Corporation
  • Socage S.R.L.
  • Others

The bucket trucks market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

The global bucket truck market is projected to grow at a moderate CAGR of ~ 4 per cent through the end of the forecast period in 2027. This growth will account for a value of USD 1.5 billion in this period. This growth can be largely attributed to the wide range of end use sectors, including utilities, manufacturing, and construction.

Collaborations and Promotional Events Key to Strategy

The global market for bucket trucks is largely consolidated in nature, with major players displaying intense levels of competitiveness in a bid to increase their market shares. On the other hand, newer players are pushing for organizing promotional events with the aim of increasing their penetration into high-potential markets. Such companies are also entering into collaborations with leasing companies to reduce operational costs, while maintaining profitability.

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Further, major businesses are increasing their focus towards providing end users with service support through the entire life cycle of their offerings with the intention of bolstering returns on investments and increasing standards of performance.