TELESCOPIC BOOM LIFT MARKET ANALYSIS
End users of telescopic boom lift prefer to maintain the exiting boom lifts and do not invest in new machines due to their high cost. Furthermore, due to the high cost of telescopic boom lift, end users prefer renting telescopic boom lift instead of purchasing one. Renting telescopic boom lift is more economical choice as renting offers lower maintenance and also flexibility for users to access a full fleet of machinery, rather than limiting to one model. Hence, high price of telescopic boom lift is hindering the market growth.
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