0

Telehandlers Market Expected to Reach $7.8 Billion by 2026

 
2022
Telehandlers Market

Report Code : A02958

quote A number of domestic players are expanding their business in the Asia-Pacific region, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the demand for telehandlers. Furthermore, by height, the less than 50 ft segment is expected to experience a rapid surge in demand due to its durability and working efficiency. quote

Priyanka Khandelwal
Lead Analyst, Construction and Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, " Telehandlers Market by Height and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global telehandlers market size was valued at $5,433.9 million in 2018, and is projected to reach $7,821.4 million by 2026, growing at a CAGR of 4.5% from 2019 to 2026. A telehandler, also known as a telescopic handler, is a vehicle with a telescopic boom, fitted with various lifting accessories. The growth in investments in development of telehandlers by manufacturers has encouraged fleet owners and rental companies to adopt this equipment. In addition, reduction in the utilization of heavy equipment decreases capital investments and maintenance costs for rental companies and fleet owners.

In 2018, based on height, the less than 50 ft segment accrued the largest share in the market. Growth in this segment is supplemented by convenience that telehandlers have over traditional forklifts and other material lifting equipment. In addition, expansion of the infrastructure sector throughout the globe, especially in emerging nations such as China and India drives the telehandlers market growth. Moreover, telehandlers are suited for heavy tasks in the agriculture sector earlier suited for heavy equipment. Thus, the growth of the agriculture sector, owing to increase in population, is projected to fuel the demand for market in the coming years.

In 2018, on the basis of end-user, the construction segment garnered a significant market share, owing to the expansion of the infrastructure sector in developing regions. In addition, the mining segment is expected to exhibit significant growth during the forecast period. Proliferation of new commercial and construction properties in developing countries is expected to propel the demand for construction equipment, which, in turn, is anticipated to fuel the growth of the global telehandlers market. Moreover, growth in the retail infrastructure across developing nations is anticipated to boost the sales of telehandlers, especially through hypermarkets and other channels. In terms of region, Asia-Pacific and Europe collectively contributed around 61.7% of the telehandlers market shares in the global market in 2018.

Key Findings of the Telehandlers Market:

  • The report provides an extensive analysis of the current and emerging telehandlers market trends and dynamics.  
  • Depending on height, the less than 50 ft segment dominated the telehandlers market, in terms of revenue, in 2018 and the 50 ft & more segment is projected to grow at a CAGR 4.9%, during the forecast period.
  • By end-user, the construction segment led the market in 2018.
  • Asia-Pacific is projected to register the highest growth rate in the coming years. 
  • Key market players within the telehandlers market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the telehandlers industry. 
  • The report provides an extensive analysis of the telehandlers market trends and emerging opportunities of the market.  
  • In-depth, the telehandlers market analysis is conducted by constructing estimations for the key segments between 2018 and 2026. 
  • The global telehandlers market forecast analysis from 2019 to 2026 is included in the report.

The key players profiled in the telehandlers market report include Wacker Neuson SE, Doosan Infracore Co. Ltd., Terex Corporation, Liebherr Group, Manitou Group, J.C. Bamford Excavators Ltd., Linamar Corporation, Caterpillar, CNH Industrial , and Oshkosh Corporation; and some enterprises, like JCB, Caterpillar, and Terex Corporation, which are well-known for their wonderful performance in telehandlers and related services. Many players have adopted product development as their key developmental strategy to improve their product portfolio. 

For instance, in June 2019, JCB launched the new Hydraload 555-210R telehandler with rotating telescopic handler. The product features maximum lift capacity of 5.5 tons, with maximum lifting height of 20.5m. The machine is powered using high efficiency Ecomax engines. Similarly, in October 2017, Liebherr launched 8 new models of telescopic handlers. The new models are available in 26 different versions, with lifting height range from 6m to 10m. The range features three 7m models, one 6m model, and one 10m model, as well as two additional 7m models, and one 9m model.
 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Telehandlers Market by Height (Less than 50 ft and 50 ft & More) and End User (Construction, Mining, Agriculture, Heavy Industries, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Telehandlers Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers