According to the latest report by IMARC Group, titled Telehandler Market “Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” the global telehandler market reached a value of US$ 5.87 Billion in 2020 and expects the market to grow at a CAGR of 6.1% during 2021-2026.
Telehandler, also referred to as a telescopic handler, is a highly versatile lifting machine that can be deployed as a forklift, crane, and working platform. The machine is primarily equipped with numerous attachments, such as muck grabs, winches, and buckets, for lifting and moving heavy industrial and construction materials or digging trenches and underground mines. Telehandler offers various benefits, such as high loading capacity and height, improved efficiency for on-road and off-road driving, enhanced flexibility, etc. As a result, they are extensively adopted for several agricultural, construction, and mining applications.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Telehandler Market Trends:
The elevating levels of urbanization, coupled with the extensive infrastructural developments, are currently driving the demand for telehandlers. Moreover, the rising adoption of for solid waste management and various recycling activities ist also augmenting the market growth. Additionally, the growing popularity of rental services pertaining to construction equipment across diverse industry verticals is further catalyzing the demand for telehandlers. Besides this, the emergence of electric engine telehandlers with higher loadbearing and 360-degree movement capabilities will continue to drive the global telehandlers market in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Telehandler Market 2020-2025 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.
VOLVO(AB) (VLVLY)
Caterpillar, Inc. (CAT)
Doosan Infracore Co., Ltd. (042670.KS)
HAULOTTE GROUP (PIG.PA)
J.C. Bamford Excavators Limited
JLG Industries Inc. (Oshkosh Corporation)
KOMATSU (KMTUY
Liebherr Maschinen Bulle AG
MANITOU BF (MTU.PA)
Merlo S.p.A. Industria Metalmeccanica
Skyjack Inc. (Linamar Corporation)
Terex Corporation (TEX)
WACKER NEUSON SE (WKRCF)
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 Afric
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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