IMARC Group, a leading market research company, has recently releases report titled “Telehandler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The study provides a detailed analysis of the industry, including the global telehandler market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
Table of Contents
How big is the telehandler?
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.
What is a telehandler?
Telehandler is a hydraulic lifting machine used to transport heavy materials. It consists of an extendable crane-like tool called a boom that can be attached with various application-specific attachments, including buckets, carriages, forks, pipe grapples, sweepers, and tires. It offers high load capacity, flexibility, cost-effectiveness, versatility, impressive loading height, and on- and off-road driving. It also facilitates the diagonal lifting of materials, allowing for movement in confined spaces and around obstacles. At present, it is widely used in construction, agriculture, forestry, and mines and quarries across the globe.
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What are the growth prospects and trends in the telehandler industry?
The growing global population and a significant rise in construction activities across residential, commercial, and industrial sectors currently represent one of the key factors catalyzing the demand for telehandlers. In addition, they are widely employed in intensive agricultural activities on account of their durability, reliability, and stability. This, coupled with their ability to withstand extreme environmental conditions, is propelling the market growth. Additionally, due to rising environmental concerns, key market players are incorporating electrical engines in telehandlers to control air pollution. These telehandlers aid in reducing carbon dioxide emissions at the sites and developing a green working environment, which, in turn, is stimulating the growth of the market worldwide.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- AB Volvo
- Caterpillar Inc.
- Doosan Infracore Co. Ltd.
- Haulotte Group (Solem SA)
- 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)
- Terexs Corporation
- Wacker Neuson SE.
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