The Global Bucket trucks market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.

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Bucket trucks market trends research and projections for
2019- 2024
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 Bucket trucks market size is garnering increased momentum demand all over the
world, from the rapid growth of the construction sector as a result of investments in
infrastructure development projects. Considerable increase in the global population
has resulted in large-scale urbanization over the past few decades, which is driving the
demand for smart and sustainable infrastructure solutions.
 These utility vehicles facilitate easy lifting of people in the air or at heights where
ladders cannot be used, or the use of ladders is unsafe. However, the maintenance of
these trucks is quite a complex task that involves a number of steps such as checking
the working condition of battery, engine, power steering, transmission and wheels.
Higher maintenance costs may impact bucket trucks market trends in the coming years.

2.  Fast-growing world population has gradually fueled the demand for high-quality
reliable power. Governments in many regions around the world are making
investments to upgrade their existing grid infrastructures.
 Increasing number of grid development projects will certainly accelerate the demand
for insulated bucket trucks in the near future.
 These trucks find widespread use in the utility sector. They facilitate safe conveyance
of linemen to large heights where they perform tasks such as maintaining, improving
and managing electric power distribution and telecommunication network.
 Surging demand for these trucks from the utility & power sector will provide
tremendous growth opportunities for bucket trucks market size.
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 Booming global utility sector
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3.  Proliferation of smartphones worldwide is adding up to the demand for enhanced
and seamless connectivity. Several regions are increasingly spending on
telecommunication infrastructure development projects to address this burgeoning
demand.
 Presence of major telecom companies in developing economies and their efforts to
upgrade existing network is assisting the business growth.
 Global bucket trucks market is gaining immense traction on account of extensive
use in the telecommunication sector. These trucks are available in various designs
and the sturdy built of these trucks makes them best-suited for a range of
applications in the telecom sector.
 Growing deployment in telecommunications
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 Competitive Analysis:
 Key players operating in the bucket trucks market share include Aichi Corporation,
Axion Lift, Manitex International Inc., Versalift, Terex Corporation, Palfinger AG,
Socage S.R.L, Altec Corporation and CTE Group. Companies are trying to expand
their regional presence by acquiring smaller companies and expanding their
product portfolio.
 Regional Analysis:
 Presence of major rental companies such as Haulotte Group, Riwal and Kiloutou in
the U.K. is anticipated to promote the regional growth. Utility & power and
telecommunication sectors in the region are expanding at a rapid pace.
 Flourishing construction sector in the region will present new opportunities for
bucket trucks market players, from consistent need for hazardous development,
repair and maintenance works. UK construction sector is increasingly focusing on
replacing conventional construction equipment with advanced lifting equipment.

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