The telescopic masts market is anticipated to generate global sales of over US$ 394.8 million by 2023, expanding at a 4.8% CAGR during the forecast period. The market is being driven by the military industry’s expanding use of telescopic masts, claims Future Market Insights (FMI). For practical surveillance, military vehicles are equipped with small, portable telescopic or pneumatic masts; this is expected to support market growth.
Sales of pneumatic telescopic masts are rising thanks to the factories’ continued development of novel technologies, which is also boosting demand for telescopic masts globally.
By using air pressure and erecting more quickly than traditional or mechanical telescopic masts, pneumatic telescopic masts are more widely used by end users.
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The growing requirement for telescopic masts from commercial, military, security, municipal and other sectors is anticipated to bolster demand in the telescopic masts market over the forecast period.
“Increasing investments in the military sector across the globe, along with increasing adoption of pneumatic and motorized telescopic masts will continue driving sales in the market over the forecast period,” says the FMI analyst.
Key Takeaways:
By end-use, the military sector is forecast to hold over 39% of the total market share in terms of volume in 2022.
Based on product type, sales in the push-up telescopic masts segment are expected to hold over 28% of the total market share.
By load, demand in the medium-duty segment is set to surge at a 4.3% CAGR over the forecast period.
In terms of height, demand in the >15 to 34m segment is expected to reach US$ 267.3 Mn by 2032.
Sales in the U.S. telescopic masts market are projected to grow year-over-year by 3.9% in 2022.
The German telescopic masts market is forecast to grow at a 3.3% CAGR through 2032.
China will emerge as a lucrative market, with sales growing at a 4.4% CAGR over the forecast period.
Competition Landscape
The global telescopic masts market is moderately consolidated with key players accounting for around more than 40% of the market share. Key players are investing in product developments and the expansion of their distibution channels to improve their presence in the market.
Some of the key players in this industry include the RATT, Willburt, Mast System (Transdigim Inc.), Rohn Products Inc, Comrod Communication Group Marine, SERAPID Inc., and others
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The research report analyzes the demand for telescopic masts. The global telescopic masts market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background.
As per Future Market Insights, the market has been analyzed on the basis of product types (push-up masts, hitched masts, integrated mast trailers, push-button masts and cable/belt driven masts), load (light-duty, medium-duty, and heavy-duty), height (up to 15m, 15-34m, and 34 to 50m), end-use (commercial, military, security, and municipal) and region. The report provides qualitative and quantitative information on various players in this market.
This report also tracks the market by both, supply-side and demand factors.
Global Telescopic Masts Market by Category
By Product Type:
- Push-up Masts
- Hitched Masts
- Integrated Mast Trailer
- Push Button Masts
- Cable/Belt Driven
By Load:
- Light Duty (Up to 45kg)
- Medium Duty (45 to 120kg)
- Heavy Duty (Above 120kg)
By Height:
- Up to 15m
- >15 to 34m
- >34 to 50m
By End Use:
- Commercial
- Military
- Security
- Municipal
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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