The global telehandler market reached a value of US$ 6.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.6 Billion by 2027, exhibiting a CAGR of 5.8% during 2022-2027.
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 2022-2027 Analysis and Segmentation:
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’s (NYSE:CAT), Doosan Infracore Co. Ltd., Haulotte Group (Solem SA), J.C. 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), Terex Corporation and Wacker Neuson SE.
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:
Breakup by Ownership:
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:
- Mines and Quarries
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
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