According to the latest report by IMARC Group, titled "Telehandler Market “Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” Offers a comprehensive analysis of the industry, which comprises insights on the global telehandler market growth. 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.
Base Year: 2021
Forecast Year: 2022-2027
A telehandler, or a telescopic handler, refers to a lifting machine that can be converted to a type of crane equipment for clamping and grabbing construction material. It primarily comprises of various attachments, such as pallet forks, winches, muck grabs, etc., to lift and move heavy industrial pipes, buckets, cartons, etc., as well as to dig trenches and mines. A telehandler offers numerous advantages, including suitability for on-road and off-road driving, flexibility, high load capacity, etc. Consequently, it finds extensive applications across several industries, such as construction, agriculture, mining, etc.
Telehandler Market Trends:
The inflating product utilization in solid waste management and recycling activities is one of the primary factors bolstering the telehandler market. Besides this, telehandlers are equipped to move various agricultural materials, such as stacks of hay, livestock feed, fodder, etc., which is further catalyzing the market growth. Moreover, the rising need for advanced load-handling equipment in landscaping and gardening activities in urban planning projects is acting as another significant growth-inducing factor. Apart from this, the emerging trend of rental services of construction equipment is also augmenting the global market. Furthermore, the rapid development of electric engine product variants with higher loadbearing and 360-degree movement capabilities is anticipated to stimulate the telehandler market over the forecasted period.
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Global Telehandler Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- VOLVO(AB) (VLVLY)
- Caterpillar’s (NYSE:CAT)
- Doosan Infracore Co. Ltd.
- Haulotte Group (Solem SA)
- J.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)
- Terex Corporation and 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:
Breakup by Ownership:
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:
- Mines and Quarries
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 Afric
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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