According to a report available on Radiant Insights, Inc.; the telehandler market is likely to expand progressively by 2023.
Growing use of equipment in several end-user applications including construction, mines and quarries, agriculture, and logistics can drive the market over the forecast period (2018 to 2023).
A telehandler or telescopic handler is a machine that can be used for lifting loads, material handling, personnel elevation, digging trenches, and underground mine baskets. Wide spread use of the machine in agriculture and construction purposes is likely to fuel the market growth in the coming years. Since the machine has high load bearing capacity coupled with 360° movement capability. Additionally, the machine can be combined with other industrial machines to reduce overall production costs. This is also expected to drive the demand in industrial applications. Furthermore, rental companies are increasingly replacing other equipment with telescopic handler that offers additional attachments. The equipment consists of several attachments such as bucket, pallet forks, winch, and muck grab. The pallet forks are the most commonly used attachments in telescopic handler, which helps in moving loads in the sites where accessibility of a forklift is restricted.
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In addition, development of advanced machinery termed as hybrid telehandlers with eco-friendly features is anticipated to replace other conventional equipment in the coming years.
However, high maintenance cost of equipment is likely to restrict the market growth.
Worldwide telehandler market can be segmented on the basis of product, application, and region.
Geographically, the market can be divided into North America, Asia-Pacific, Europe, South America, and Middle East and Africa.
Europe is expected to provide many opportunities during the forecast period due to presence of narrow streets and alleys in countries in the region.
Asia Pacific is likely to show high demand for all-season equipment telescopic handler due to growing construction and agriculture sector in emerging countries such as India and China.
In the Middle East, increasing focus of countries regarding sustainable practices and eco-friendly construction of buildings is likely to drive the market growth. Growing investments in infrastructure, hospitality, transportation, and energy along with easy availability of machinery can also expected to support the growth in this region.
Some of the key companies operating in the market include Skjack Inc.; Bobcat Company Inc.; Doosan Infracore Co. Ltd; XCMG Construction Machinery Co. Ltd; and Volvo Construction Equipment Corp.
The market comprises a very few major players that hold the major share of the market as the industry is capital intensive.
The players are trying to design products as per customers requirement due to rise in alliance among construction equipment manufacturers and rental fleet owners. Many manufacturers are making agreements with rental fleet owners for supplying telehandlers. Escalating competition among the vendors has resulted into competitive pricing and reduced profitability. The players are more focused on the development of and launch of new products.
For instance, Bobcat has recently launched its new TL43.80HF with maximum lifting capacities between 2.6 metric tons and 4.3 metric tons and maximum lifting heights from 20 to 60 feet. This new vehicle is designed for heavy lift handling applications in industries including warehousing, manufacturing, construction, quarrying and mining.
MARUBENI Komatsu has recently introduced its new range of Komatsu telehandlers with the launch of the WH range. They are intended for construction and material handling applications. The range also comprises Komatsu’s closed load sensing system (CLSS) hydraulics for simultaneous use of functions.
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Table of Contents:
Part 1. Summary
Part 2. Report Methodology
2.1 Methodology
2.2 Data Source
2.3 Disclaimer
Part 3. Market Overview
3.1 General Information
3.2 Segmentation by Type
3.3 Segmentation by Application
3.4 Regional Telehandler Market Size (Status & Prospect)
3.4.1 North America
3.4.2 Europe
3.4.3 Asia-Pacific
3.4.4 Middle East & Africa
3.4.5 South America
Part 4. Competitive Landscape
4.1 Global Telehandler Sales & Share by Company (2013-2018)
4.2 Global Telehandler Revenue & Share by Company (2013-2018)
4.3 Price Trends
4.4 Competitive Trends
Part 5. Segmentation by Type
5.1 Global Telehandler Sales Volume by Type (2013-2018)
5.2 Global Telehandler Revenue by Type (2013-2018)
5.3 Global Telehandler Price by Type (2013-2018)
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