Bucket Truck Rental Market Detailed Analysis Application, Production, Top Players Growth, Forecast 2033

 The global bucket truck rental market is projected to reach a valuation of US$ 293.0 million in 2023 and is expected to grow at a CAGR of 4.8%, reaching US$ 468.3 million by 2033.

The rising demand for bucket trucks is driven by increasing construction and infrastructure development activities across both developed and emerging economies. Additionally, growing government investments in smart city projects are expected to further propel market expansion.

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Country-wise Insights

The widespread use of bucket trucks in the United States is driven by the country’s extensive infrastructure network and ongoing maintenance requirements. Cities and municipalities rely on these trucks for essential tasks such as power line repairs, tree trimming, and streetlight maintenance, particularly as aging utility systems require frequent upkeep. Additionally, the rapid expansion of the U.S. construction sector has further fueled the demand for bucket truck rentals.

The growing focus on renewable energy projects, including wind farms and solar installations, is another key factor contributing to market growth. These projects require specialized equipment for installation and maintenance, boosting the need for bucket trucks.

Moreover, strict safety regulations and the necessity for trained operators make bucket truck rentals a practical solution for many businesses. Given the strong infrastructure demands, increasing construction activity, and rising investments in renewable energy, the U.S. plays a significant role in the expanding bucket truck rental market.

Considering these factors, the U.S. bucket truck rental market is projected to grow at a CAGR of 5.0% over the forecast period.

Category-wise Insights

The telescopic articulated sub-segment is expected to dominate the bucket truck rental market, accounting for a 39.1% share in 2023.

Telescopic articulated bucket trucks are highly versatile, providing access to elevated work areas through extendable booms that reach various heights and angles. This flexibility makes them ideal for a wide range of applications, including maintenance, repairs, construction, and tree trimming.

These trucks enhance operational efficiency by offering a stable and secure platform for workers, reducing reliance on scaffolding or manual climbing. This not only improves safety but also saves time and boosts productivity.

Renting telescopic articulated bucket trucks is a cost-effective alternative to purchasing, particularly for short-term or intermittent projects. It eliminates upfront investment, maintenance expenses, and storage concerns, allowing businesses to access equipment as needed without long-term financial commitments. This growing preference for rentals presents significant opportunities for service providers to capitalize on increasing demand and achieve higher profit margins.

Competitive Landscape

Leading bucket truck rental service providers include BlueLine Rental, H&E Equipment Services, Haulotte Group, Herc Rentals, NES Rentals, Riwal, Sunbelt Rentals, and United Rentals.

To strengthen their market position, industry players are forming strategic partnerships with contractors, construction equipment dealers, and suppliers. These collaborations help expand customer reach, generate referrals, and offer value-added services or discounts, enhancing overall market share. Additionally, mergers, acquisitions, and competitive pricing strategies remain key approaches to reducing competition and solidifying market presence.

For example, in June 2023, United Rentals acquired Franklin Equipment, which operates across 20 locations. This acquisition not only expands United Rentals’ footprint but also creates new growth opportunities and strengthens its market position.

Segmentation of Bucket Truck Rental Industry Research

  • By Type :
    • Articulated Over Center
    • Articulated Non-Over Center
    • Telescopic Articulated
    • Insulated
  • By Height :
    • Less than 50 Feet
    • 50-75 Feet
    • Above 75 Feet
  • By Power Source :
    • Diesel
    • Gasoline
    • Hybrid
  • By Platform Capacity :
    • less than 250 lbs.
    • 250-500 lbs.
    • 500-1,000 lbs.
    • Above 1,000 lbs.
  • By End Use :
    • Construction and Infrastructure
    • Telecommunication and Utilities
    • Entertainment and Events
    • Industrial and Manufacturing
    • Facilities and Maintenance
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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