Telehandler Market to record USD 1.73 Bn incremental growth — Construction segment to generate maximum revenue

NEW YORK, September 23, 2022 /PRNewswire/ — The World market for telehandlers is fragmented in nature. The market is highly competitive and is dominated by suppliers such as JC Bamford Excavators, Manitou and Oshkosh. Most of the leading providers in the market are headquartered in Europe. Established suppliers are focused on increasing the lifting capacity and height of their existing models. They also focus on improving control systems to increase security, which is a major concern and differentiating factor for buyers. In addition, vendors are developing a wide range of products to expand their portfolio for various end-user applications and increase profitability. Gain deeper insights into the provider landscape and identify successful growth strategies of the most important providers. Buy report now

Technavio anticipates that the global telehandler market will continue to grow $1.73 billionAccelerating at a CAGR of 5.66% over the forecast period.

Significant investments are made in the construction of oil and gas pipelines worldwide. This is evident in developing countries such as the US and Canada because of the shale gas boom. These countries are also making huge investments in public infrastructure, increasing demand for telehandlers. Also, the recent crackdown on illegal immigration by the US government has resulted in a shortage of farm workers in the country. This has prompted the agricultural sector in the US to focus on mechanization of farming and ranching. Many of these factors are expected to create significant opportunities for vendors during the forecast period.

Technavio segments the global telehandler market by Application (Construction, Agriculture, Industrial and Others) and Geography (APAC, North America, Europe, South Americaand the middle East and Africa).

The construction industry will have the largest market share during the forecast period. The growth of the residential and commercial construction market is leading to a significant demand for telescopic handlers in the construction industry. The increasing use of modular construction will further accelerate the growth of the market in the construction segment.

The story goes on

From a regional perspective, APAC will emerge as a key market, taking 45% of the global market share. Increasing investment in infrastructure projects such as transportation and energy in countries China, Indiaand Japan drive the growth of the regional market.

The market is driven by the increasing need for bulk material handling in agriculture and livestock. The Telehandlers Market report provides a holistic update, market size and forecast, trends, growth drivers and challenges, and vendor analysis. The report provides an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. Download the PDF sample report

The telescopic handlers market includes the following segments:

• Market size for telehandlers

• Telehandler market forecast

• Telehandler Market Analysis

Key Vendors in the Global Telescopic Handler Market:

• AB Volvo

• Caterpillar Inc.

• CLAAS Group

• CNH Industrial NV

• Dieci Srl

• Doosan Corp.

• Haulotte group

• JC Bamford Excavators Ltd.

• Komatsu Ltd.

• Liebherr International AG

• Linamar Corp.

• Magni Telehandler Srl

• Manitou BF SA

• Merlo Spa

• Oshkosh Corp.

• Pettibone Traverse Lift LLC

• SANY group

• Terex Corp.

• Wacker Neuson SE

• Xtreme Manufacturing

Related reports:

Main topics covered:

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Application

6 customer landscape

7 Geographical Landscape

8 drivers, challenges and trends

9 provider landscape

10 Vendor Analysis

11 Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

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Website: www.technavio.com/

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SOURCE Technavio