Global Telehandler Market Outlook 2018-2023

Global Telehandler Market is expected to grow significantly in the upcoming period due to increase in demand from industries like construction, agriculture, mining, logistics, etc. A telehandler is also known as telescopic handler, boom lift or teleporter and is similar to a crane than a forklift. They are utility lifting machines, normally four-wheeled, and ate often fixed with attachments like bucker, sweeper, crane jib, carriage, hook, fork, truss boom, adapter, tower, etc. They are extensively used in construction, mining and agriculture industries. The quick hitch design helps the operator to change the attachments safely to carry out multiple functions.

The factors affecting the growth of telehandler market are growing need for heavy material handling in livestock and agriculture industries, growth in non-residential and residential construction and development of rental equipment business. Moreover, fleet replacement for recovering construction industry is expected to fuel telehandler market. However, the balance of cost structure and flexible demand from various industries is hampering the market growth.

Increased adoption of hybrid telehandlers is one of the major witnessed by the market. Nevertheless, availability of fossil fuels that encourage manufacturers to develop more technologies like electric telehandlers and hybrid telehandlers is a challenge for the industry players. Since telehandlers are being used for several industrial purposes, manufacturers are focusing on innovation to develop fuel efficiency.

Telehandler market is categorized on the basis of product type, tyres type, quick hitch, attachments, application and geography. On the basis of product type, the market is divided into compact telehandler and large telehandler. Large telehandler segment leads telehandler market owing to multiple benefits offered like straight mast forklift.

Based on tyres type, telehandler market is classified into pneumatic tyres, solid tyres, and foam filled tyres. Pneumatic and solid segment are projected to grow significantly due to increasing preferences by customers for their use.

In terms of quick hitch, telehandler market is divided into hydraulic and mechanical quick hitch. Mechanical quick hitch segment is expected to lead telehandler market due to increasing applications. Based on applications the market is split into infrastructure, residential and non-residential. Infrastructure segment is expected to hold larger share of the market owing to increasing developments on the global scale.

Geographically, telehandler market is segmented as North America, Europe, Asia Pacific and Middle East & Africa.  European countries followed by North America are expected to register considerable growth owing to potential opportunities observed in the regions.

The prominent market participants in telehandler market include MERLO, J C Bamford Excavators, JLG Industries, Genie, Manitou, Liebherr, HAULOTTE GROUP, Caterpillar, Skyjack, Komatsu, Doosan Infracore, CNH Industrial, Bobcat Company, Weidemann, SENNEBOGEN, Pettibone Traverse Lift, DIECI, Manitou Group, CLAAS, Wacker Neuson, DEUTZ-FAHR, Kramer-Werke GmbH, Volvo Construction Equipment and XCMG Group.

The report segments the market and forecasts its size, by volume and value, on the basis of product, by application, and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the telehandler market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the telehandler market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the telehandler market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global telehandler market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global telehandler market.

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the global telehandler market?
- What are the challenges to market growth?
- Who are the key players in the telehandler market?
- What are the market opportunities and threats faced by the key players?