ID: MRFR/CO/1924-CRR | April, 2017 | Region: Global | 49 pages | Cooked Research Reports
Market Synopsis of Telehandler
Telehandler are lifting machines which are usually mounted on a vehicle and equipped with a telescopic boom that can facilitate lifting to heights of 50 feet or more. Telehandler are usually fitted with pallet forks to enable lifting of materials but there are some models that are designed to handle buckets and other attachments.
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 a more sophisticated construction equipment owing to factors such as high load bearing capacity and 360° movement capability. 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 Telehandler market is poised to grow approximately at 2.6% CAGR and is estimated to touch market volume of 6,684 units by the end of 2020.
Study objectives of Telehandler Market
Regional Analysis of Telehandler Market
Germany is expected to dominate the market during the forecast period and it is expected to grow due to the presence of industries such as construction, plant breeding and agrochemicals. China is expected to grow at 2.5% CAGR during the forecast period, owing to factors such as rapid industrialization and increased manufacturing activities in the region.
Manitou (U.K.), J C Bamford Excavators Ltd. (U.K), Merlo S.p.A (Italy), Bobcat Corporate (U.S.) is some of the leading players operating in this market.
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 and volume, 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.