CM_184219
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Mar 2019 | 486 Views
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A telescopic boom forklift truck is a mobile machine widely used for agricultural and industrial purposes. It is a hybrid combination of forklift, a telescopic boom that can extend forward and upward from the vehicle, which makes it more of a crane than a forklift. Telescopic boom forklift truck comes in various models and can be configured according to weight capacities to handle light loads and heavy loads.
The telescopic boom forklift truck market is significantly influenced by industrial growth and the increasing infrastructure market, which has given rise to heavy construction such as residential & non-residential buildings, bridges, roads & highways, airports, and others. A major advantage of the telescopic boom forklift truck is its extendable arm or boom. This feature gives it a dual functionality to operate as a forklift, which can be used to remove pallets from narrow, tight spaces and can be used as a crane that can place loads on rooftops or other high places. The major advantage of the vehicle also acts as a major limitation, as the boom spreads longer or raises up while bearing a load, and acts as a lever. This increases the instability of the vehicle, despite counterweights in the rear end. As a result, the lifting capacity significantly decreases as the working radius increases.
The telescopic boom forklift truck market is segmented based on product type, end users, and geography. Based on product type, the telescopic boom forklift truck market is segmented into high reach telehandler & heavy lift telehandler. Based on end users the market is segmented into construction, agriculture, mining, and others. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Key players that operate in the market include Caterpillar, J C Bamford Excavators Ltd., JLG Industries, Terex Corporation, Manitou Group, Wacker Neuson SE, Liebherr-International AG, DIECI Srl, and Merlo S.p.A, Linamar Corporation.
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