The global telehandler
market is subject to witness a substantial growth
due to the substantial investment by industry participants coupled with
increasing adoption from industrial sector. Telehandlers are commonly
identified as material handling equipment (MHE) with telescopic booms.
Increasing adoption of telehandlers to perform complex industrial operation
such as lifting specified weights up to specified heights is expected to drive
the growth of the market. Globally, the market is predicted to generate massive
revenue over next seven years, providing numerous opportunities for market
players to invest for research and development in the telehandler market.
The market recently saw major industry due to
the growing investment by government authorities and private bodies for public
& commercial infrastructure, particularly in the developing economies across
the globe. Additionally, shifting trend towards rental services of heavy-duty
machinery has led to high-end demand for telehandler tools in the past few
years. Recent advancement in energy & power sector has led to development
of the cost effective solution in the telehandler market.
Increasing demand from residential and
commercial sector coupled with robust growth in construction industry has led
to the soaring demand for telehandler machinery or equipment. In addition,
rapid urbanization and industrialization, majorly in developing economies such
as India and China is expected to trigger market growth over the forecast
period. Massive funding from local government to cater demands of ever-growing
population is predicted to drive market expansion in the upcoming years.
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The market is broadly categorized into
three major segments based on the application type such as residential sector,
infrastructure sector, and non-residential sector. The non-residential sector
is considered as one of the fastest growing segment in the with substantial
revenue generation in the last few years. Growing popularity of telehandler in
the telehandler segment is attributed to the higher market penetration.
The market is divided by region as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation
of latest technologies in manufacturing sector, increase in the number of
research & development activities in the region and existence of
well-established industrial infrastructure.
Asia-Pacific region is predicted to
hold major market share in the telehandler market with massive growth in
forecast period. Countries such as India, China, Japan and Singapore are
leading the Asia-Pacific market with strong economic growth, increasing number
of infrastructural activities, favorable government policies and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the telehandler
market are Terex Co., J C Bamford Excavators Ltd., JLG Industries, Inc.,
Manitou Bf, Ltd., MERLO S.p.A., HAULOTTE GROUP AG, Doosan Infracore
Construction Equipment America Co., Bobcat Co., Komatsu Ltd., and AB Volvo.
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