According to the latest report by IMARC Group, titled”Telehandler Market “Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027“The global telehandler market reached a value of US$ 6.19 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.61 Billion by 2027, exhibiting a CAGR of 5.80% during 2022-2027.
Telehandler is a hydraulic lifting machine used to transport heavy materials. It consists of an extendable crane-like tool called a boom that can be attached with various application-specific attachments, including buckets, carriages, forks, pipe grapples, sweepers, and tires. It offers high load capacity, flexibility, cost-effectiveness, versatility, impressive loading height, and on- and off-road driving. It also facilitates the diagonal lifting of materials, allowing for movement in confined spaces and around obstacles. At present, it is widely used in construction, agriculture, forestry, and mines and quarries across the globe.
Telehandler Market Trends:
The growing global population and a significant rise in construction activities across residential, commercial, and industrial sectors currently represent one of the key factors catalyzing the demand for telehandlers. In addition, they are widely employed in intensive agricultural activities on account of their durability, reliability, and stability. This, coupled with their ability to withstand extreme environmental conditions, is propelling the market growth. Additionally, due to rising environmental concerns, key market players are incorporating electrical engines in telehandlers to control air pollution. These telehandlers aid in reducing carbon dioxide emissions at the sites and developing a green working environment, which, in turn, is stimulating the growth of the market worldwide.
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Global Telehandler Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- AB Volvo
- Caterpillar Inc.
- Doosan Infracore Co. Ltd.
- Haulotte Group (Solem SA)
- C. Bamford Excavators Limited
- JLG Industries Inc. (Oshkosh Corporation)
- Komatsu Limited
- Liebherr Maschinen Bulle AG
- Manitou Group
- Merlo S.p.A. Industria Metalmeccanica
- Skyjack Inc. (Linamar Corporation)
- Terexs Corporation
- Wacker Neuson SE.
The report has segmented the market on the basis of region, product, type, ownership, height,
capacity and application.
Breakup by Product:
- Compact Telehandler
- Large Telehandler
Breakup by Type:
- Rotating
- Non-rotating
Breakup by Ownership:
- Rental
- Personal
Breakup by Height:
- Less Than 50 ft
- 50 ft & Above
Breakup by Capacity:
- Below 3 Tons
- 3-10 Tons
- Above 10 Tons
Breakup by Application:
- Construction
- Agriculture
- Forestry
- Mines and Quarries
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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