Telehandlers Market Outlook, Strategies, Industry, Growth Analysis, Future Scope, key Drivers Till 2

Global telehandlers market was valued at USD 4,120.0 million, it is anticipated to witness 4.0% CAGR during the forecast period 2025

Market Synopsis: Global Telehandlers Market

Global Telehandlers Market is anticipated to witness exponential growth owing to the growing agriculture industry and the increasing government support for construction activities. Manufacturers associated with the construction machinery industry are tapping into lucrative opportunities by upgrading the power grids in their respective models of telehandlers. Telehandlers and forklift lines are the most commonly utilized in agriculture with focus on safety, ergonomics and efficiency. It is developed to provide solutions that allow efficient handling the results of farming. Material handling solutions are very crucial to the agriculture sector and need to be handled and transported carefully. Moreover, it also offers solutions to help agriculture producers improve productivity and efficiency to maintain profit margins.

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Key Players

The Key Players operating in the global market are Haulotte Group, Manitou Bf, Ltd. (France), Terex Corporation (US), J.C. Bamford Excavators Limited (UK), JLG Industries, Inc., MERLO S.P.A. (Italy), DOOSAN (US), Komatsu Ltd. (Japan), and AB Volvo (Sweden).

Scope of the Report

This study provides an overview of the global telehandlers market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global telehandlers market by type, application, and region.

• By Product
  • Large Telehandlers
  • Compact Telehandlers

• By Technology
  • Hybrid Telehandlers
  • Electric Telehandlers

• By Application
  • Residential
  • Commercial
  • Infrastructural

In 2018, the global telehandlers market was valued at USD 4,120.0 million, which is expected to witness 4.0% CAGR during the forecast period. The base year considered for the study of the market is 2018 and the forecast period for the global telehandlers market is 2019 to 2024.

Europe is expected to witness a gradual increase in the telehandlers market during the forecast period: MRFR

Geographically, the global telehandlers market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. In 2018, Europe accounted for the largest market share and is expected to witness sustainable growth during the forecast period. This can be attributed to the stringent regulatory guidelines for the construction machinery industry in the region. Furthermore, high investments in the construction industry is further expected to drive the demand for telehandlers.

Asia-Pacific is anticipated to witness the highest growth rate during the forecast period, owing to the growing construction machinery industry across the emerging economies, such as China and India. Moreover, industrialization and urbanization in emerging economies are expected to contribute significantly to the growth of market.

Geographically, the global telehandlers market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe accounted for the largest market share of around 36% and is expected to retain its dominance during the forecast period. In Europe, telehandlers are used for all purpose utility machine at construction sites and in agriculture sector and are used to handle hay, forage and supplies on wet, boggy ground as well as on harder surfaces. Moreover, European farmers are buying high numbers of telehandlers for many decades. Growing awareness of the benefits of telehandler coupled with increasing applications scope in end-use industries including construction, mining and agriculture, is expected to increase the production volume of telehandlers during the forecast period.

However, Asia-Pacific is anticipated to witness the fastest growth rate during the forecast period, which is due to the rapid urbanization and growth of manufacturing industries in the emerging economies such as China, India, and South Korea.

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