The growth of the telehandler market is expected to be driven by its widespread use in construction and agriculture purposes. Telehandler have evolved from a typical landscaping and farming equipment into more sophisticated construction equipment owing to factors such as high load bearing capacity and 360° movement capability. The telehandler can be combined with other industrial machines for reducing the overall cost of production. The ability of the equipment to perform a wide variety of tasks such as in farming and construction, further contributes to the growth of the telehandler market.
The report is being studied for light duty telehandler which means telehandler which can bear a load of up to 5 tons. A telehandler is a machine used for lifting of loads in construction, agriculture, logistics, and other industries. The machine is also useful for material handling, digging trenches and undergrounds mine baskets.
The key players of light duty telehandler market are Manitou (U.K.), JCB Ltd.(U.K.), Liebherr Machines (Switzerland), Caterpillar Inc. (U.S.), Merlo (Argentina), Pettibone Traverse LLC (U.S.), Wacker Neuson (Germany), Skyjack Inc. (U.S.), Sennebogen Maschinenfabrik GmbH (Germany), Gehl Company (U.S.) and others.
Asia pacific in the largest region for the light duty telehandler market, owing to factors such as rapid industrialization and increased manufacturing activities in the region. The market for such telehandlers is flourishing in developing nations such as China due to emergence of industries and manufacturing activities in the Asia-Pacific region.
The report for Telehandler Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2030: Significant Value|
|CAGR||Substantial CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Capacity, Application, Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Manitou (U.K.), JCB Ltd.(U.K.), Liebherr Machines (Switzerland), Caterpillar Inc. (U.S.), Merlo (Argentina), Pettibone Traverse LLC (U.S.), Wacker Neuson (Germany), Skyjack Inc. (U.S.), Sennebogen Maschinenfabrik GmbH (Germany), Gehl Company (U.S.) and others.|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||Growing construction industry|
Frequently Asked Questions (FAQ) :
Telehandlers are a machine used for lifting loads in industries such as construction, agriculture, and logistics. Light duty telehandlers are telehandlers that can lift loads of up to 5 tons.
The diversification of light duty telehandlers from being a primarily agricultural implement to being used in a wide range of industries is a major trend in the market.
The growing construction industry is likely to be a major driver for the global light duty telehandler market.
Asia Pacific is the largest regional segment in the light duty telehandler market.
Leading players in the global light duty telehandlers market include Liebherr Machines, JCB, and Manitou, among others.