ID: MRFR/CO/1819-CR | June 2019 | Region: Global | 93 pages
Heavy-Duty Telehandler Market is expected to Expand at 4.5% CAGR During the Forecast Period.
The global heavy duty telehandler market is expected to witness substantial growth during the forecast period. Europe is estimated to be a prominent region for heavy duty telehandler market. 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 in the region. Furthermore, the growing awareness of the benefits of telehandler coupled with increasing applications in end-use industries driving the heavy duty telehandler market during the forecast period.
In 2017, Europe held the second largest market share in the heavy duty telehandler market. The region has witnessed significant growth due to growth in the construction industry, owing to the increase in real estate investments driving the heavy duty telehandler market in this region.
The global heavy duty telehandler market is segmented based on capacity and application. On the basis of capacity, the heavy duty telehandler market is divided into 5 to 10 ton, 10.1 to 15 ton, and 15.1 and above. The 5 to 10 ton segment is dominating the market, these are used for lifting and material handling purposes. They are designed to cater to mining, construction, industrial, agricultural and forestry industries. Moreover, 5 to 10 ton telehandler range is perfect for handling heavy and bulky loads on uneven terrain.
On the basis of application, the global heavy duty telehandler market is segmented into construction, agriculture, mining and others. The construction segment holds the maximum market share. Telehandlers are one of the most versatile pieces of construction site equipment, promoting the efficient delivery in the construction process. These machines enable materials to be unloaded from delivery vehicles, transported around construction sites and placed at height.
The key players of global Heavy Duty Telehandler market are Manitou Group (France), J C Bamford Excavators Ltd. (UK), Terex Corporation. (US), Caterpillar (US), Linamar Corporation (Canada), Eazi Access (South Africa), Wacker Neuson Group (Germany), HAULOTTE GROUP (France), DIECI Srl (Italy), Oshkosh Corporationn (US).
Region-specific analysis of the heavy duty telehandler market spans across North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).
Global Heavy Duty Telehandler Market, by Region, 2017
Source: MRFR Analysis
According to the European Commission, the construction industry is one of the key industries in the European economy. According to EUROPEAN BUILDERS CONFEDERATION, with 3 million enterprises and a total direct workforce of 18 million people, the construction industry in Europe contributes approximately 9% to the total GDP of the EU. In 2016, the residential construction segment was the biggest contributor to the construction industry and grew by 5% compared to 2015. According to EUROCONSTRUCT, construction activities in the region is anticipated to grow by 2.7% this year due to the rapid upgrade of infrastructure and the construction of residential, commercial, and municipal buildings. Moreover, the region has major economies such as Germany and UK have witnessed a significant growth in construction sector. Such factors raise the demand for heavy duty telehandler in the region.
The global heavy duty telehandler market has been segmented on the basis of capacity, application, and region. On the basis of capacity, the market is divided into 5 to 10 ton, 10.1 to 15 ton, and 15.1 and above. The 5 to 10 ton segment is expected to dominate the heavy duty telehandler market due to various applications in mining, construction, industrial, agricultural and forestry.
|Market Size||2027: Significant Value|
|CAGR||4.5% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Capacity and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Manitou Group (France), J C Bamford Excavators Ltd. (UK), Terex Corporation. (US), Caterpillar (US), Linamar Corporation (Canada), Eazi Access (South Africa), Wacker Neuson Group (Germany), HAULOTTE GROUP (France), DIECI Srl (Italy), Oshkosh Corporationn (US)|
|Key Market Opportunities||
|Key Market Drivers||The growing construction industry|
Frequently Asked Questions (FAQ) :
Heavy duty telehandlers are diversified lifting tools used in the construction and agriculture industries, among others.
The global heavy duty telehandlers market is expected to exhibit a strong 4.5% CAGR over the forecast period till 2023.
The growing construction industry is the major driver for the heavy duty telehandlers market.
Europe is likely to dominate the global heavy duty telehandlers market over the forecast period.
Leading players in the global heavy duty telehandlers market include Manitou Group, JCB, and Caterpillar, among others.