Increasing infrastructure investments, a growing construction sector, and government initiatives to upgrade power grids are anticipated to drive growth in the bucket truck market, according to a new report from Global Market Insights.
Population growth, environmental impacts, and urbanization have driven the need for smart and sustainable infrastructure. According to the report, these trends are seen across the globe, with major construction projects scheduled in China, Dubai, and Saudi Arabia.
Although use of bucket trucks and lifting equipment is growing, there is a limit to growth. The cost to own and maintain bucket trucks is rising, and the machines continue to become more complex. Regular inspections are needed to ensure safety and compliance with regulations, which can add to costs. As a result, the demand for used and leased equipment is rising as fleets seek a more affordable option.