Global Telehandlers Market to Reach $8.6 Billion in Value Between 2022 and 2027 – FortBendNow
The global telehandler market reached a value of US$6.2 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$8.6 billion by 2027, posting a CAGR of 5.8% in 2022-2027.
The telescopic handler, also called telehandler, is a very versatile lifting machine that can be deployed as a forklift, crane and work platform. The machine is mainly equipped with many attachments, such as mud grapples, winches and buckets, for lifting and moving heavy industrial and construction materials or for digging trenches and underground mines. The telescopic handler offers various advantages, such as high loading capacity and height, improved efficiency for on-road and off-road driving, increased flexibility, etc. As a result, they are widely adopted for several agricultural, construction and mining applications.
We regularly monitor the direct effect of COVID-19[female[feminine in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Telehandler Market Trends:
Increasing levels of urbanization coupled with vast infrastructural developments are currently driving the demand for telehandlers. Additionally, increasing adoption of solid waste management and various recycling activities are also augmenting the growth of the market. Additionally, the growing popularity of construction equipment rental services across various industry verticals is further catalyzing the demand for telehandlers. Besides this, the appearance of electric motorized telehandlers with higher load capacities and 360 degree movement will continue to drive the global telehandler market in the coming years.
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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2022-2027 Global Telehandlers Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
VOLVO(AB) (VLVLY), Caterpillar’s (NYSE:CAT), Doosan Infracore Co. Ltd., Haulotte Group (Solem SA), JC Bamford Excavators Limited, JLG Industries Inc. (Oshkosh Corporation), Komatsu Limited, Liebherr Maschinen Bulle AG , Manitou Group, Merlo SpA Industria Metalmeccanica, Skyjack Inc. (Linamar Corporation), Terex Corporation and Wacker Neuson SE.
The report has segmented the market based on region, product, type, property, height, capacity, and application.
Breakdown by product:
- Compact telehandler
- Large telehandler
Breakdown by type:
Breakdown by property:
Breakdown by height:
- Less than 50 feet
- 50 feet or more
Breakdown by capacity:
- Below 3 tons
- 3-10 Tons
- Above 10 tons
Breakdown by application:
- Mines and Quarries
Breakdown 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
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