Boom Truck Market Trend | Demand, Overview, Size & Share, North America, Europe, & APAC Industry Forecasts 2027
Market Scope Market Research Future (MRFR) reveals that in 2018, the boom truck market 2020 was worth USD 1,378.3 Million and can advance at a rate of 5.4% over the forecast period (between 2019 and 2024). We will provide COVID-19 impact analysis with report. Top Boosters and Main Barriers The COVID-19 analysis in the report sheds light on the shrinking demand as well as the plummeting prices of power all across the world, leading to a profound effect on the overall industry. Keeping in mind the long-term impact of COVID-19, a majority of companies are currently striving to bring down the costs of safeguarding the liquidity, complete with efforts to ensure ceaseless operations in a bid to curb revenue loss. While countries are rushing to achieve a COVID-19 breakthrough, the present lockdown situation is restraining the movement of materials across construction sites. The short turn impact of the pandemic on companies has been unsparing, with a drastic drop in the investment capacity