factmrApril 18, 2021
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The bucket trucks market has undergone considerable amount of restructuring over the recent past. Greater emphasis has been placed on safety regulations that eliminate the need to use risky rope access and other conventional methods such as scaffolding. In saturated markets such as North America and Western Europe, technologically-advanced equipment are perceived to be the best bet for any job. Japan is known to lay great emphasis on safety standards, and due to the presence of a large number of OEMs in the country, it requires a large number of AWPs for a wide variety of applications.
Increasing spending on infrastructure projects, utility services, and telecommunication services by regional governments will facilitate numerous growth opportunities for the bucket trucks market during the forecast years of 2020-2030. Though many countries are at an emerging stage, Asia Pacific is likely to gain high traction in the global bucket trucks market over the coming years.