Telehandler Market Research Report – Forecast to 2030

Telehandler Market Information Report by Capacity (Less than 3 ton, 3.1 to 4 tons, 4.1 to 5 tons), by Application (Construction, Agriculture, Mining and Others) and By Countries (China, Germany, France, U.K. and Eastern European Countries) - Forecast To 2030.

ID: MRFR/CO/1924-CR | April 2017 | Region: Global | 49 pages

Market Overview


The telehandler market size is on the verge of undergoing great market growth during the forecast period of 2021-2028. The global market is expected to attain a global CAGR of 4.5% during the forecast period that will be ending in 2028.  By the end of the global forecast period ending in 2028, the market is expected to attain a global market value worth USD 7,821.4 million. During the historic forecast period that had ended in 2019, the global market is expected to have reached a market value worth USD 5,433.9 million.


Telehandler equipment is an important one for many industries and is available on rent depending on the requirement of the projects as per the application, which is attributed to the lesser costs associated with acquiring and renting than purchasing new construction machinery. With many small and medium scale manufacturers rising in the global telehandler market, they are unable to afford the equipment, there has been a rise in the telehandlers rental business.


COVID 19 Analysis


The sudden and unexpected outbreak of the COVID-19 pandemic is emitting a majority of unprecedented impact on the world, and is further, impacting the industrial production and manufacturing ability of the global telehandler market on a large scale. The telehandler and the propelling industry are observed to face losses due to the disruption caused by the pandemic. The top-notch end-use industries that are working as a part of the product market are also facing a time of crisis that has been imposed by the pandemic. The decline in the demand for the metal is hampering production due to the major drop in demand that is backed by the lack of workforce and skilled labor because of the widespread lockdown imposed. These issues have given rise to a critical influence on the market. The arrival of the pandemic for the telehandler is inclusive of several issues that the market is facing and encountering, with cost-effective solutions.


The rising innovation with the help of rising investments and funds is likely to help the market grow and help the target audience choose better, fresh, and innovative market products during the forecast period of 2021-2028.


Competitive Landscape


The telehandler market growth is soaring high and giving rise to global market competition between the period 2021-2028. The market is witnessing the prominence of the recent developments that have been undertaken by the following global companies:



  • Haulotte Group, Manitou Bf, Ltd. (France)

  • AB Volvo (Sweden)

  • Terex Corporation (US)

  • Komatsu Ltd. (Japan)

  • C. Bamford Excavators Limited (UK)

  • DOOSAN (US)

  • JLG Industries, Inc., MERLO S.P.A. (Italy)


Segmentation Telehandler Market

Market Dynamics


Drivers


The growing degree of demand for telehandlers, skills, and processes in the various market sectors is likely to support the market expansion during the forecast period of 2021-2028. The high degree of consumption of telehandlers in the expanding infrastructure and sector can have the potential to support the global expansion of the market. There has been a rising demand for these products in the automobile sector and market domain as well that can also favor expansion of the market in upcoming years of the forecast period of 2021-2028.


Restraints


However, the lack of resolution of environmental and occupational hazards that are associated with the processes of installation and getting the whole functioning in place is time-consuming and hence, can restrain the telehandler market growth predicted for the forecast period by the industry experts and market leaders. Moreover, the rising defects in the market products during manufacturing and production are impacting the overall operational costs that are likely to pose major challenges to the market growth during the forecast period that ends in 2028. These challenges comply with the challenges like stringent regulations harmful for the market growth.


Technology Analysis


The rising investments in technology for the telehandler market revenue are likely to help the market with excellent results during the forecast period. The market is witnessing the growing popularity of electric vehicles in the global market that is likely to boost the growth opportunities for the forecast period of 2021-2028. Technology is being coupled up with the market manufacturing and production processes that will have a positive impact on the market. Also, the increasing demand for electric vehicles is understood to require a high degree of telehandler that can present the market with favorable opportunities during the forecast period that will be ending in 2028.


Study Objectives



  • The telehandler market report helps in understanding the global functioning of the market followed by the dynamics like growth opportunities, chances, and drivers that will help in the functioning of the market in the forecast period ending in 2028. The report also understands the challenges that might restrain the market from growing as per the predictions.

  • The global market report highlights the functioning of the market followed by the basis on which the global market is segmented and further, understands the functioning to meet the rising needs of the target audience in various locations.

  • The telehandler market report helps in drawing a global market competition based on the functioning of the market segments and the expansion of the market size of different players across the globe during the forecast period ending in 2028 through the undertaken recent developments.


Segment Overview


The telehandler market share has been enhancing on a global scale as the performance of the market segments has been exceptional during the ongoing forecast period of 2021-2028. The global telehandler market segments are as follows:


Based on the market product


The global telehandler market has been segmented based on the market products and includes products like large telehandlers and compact telehandlers.


By End-use Industry:


The telehandler market is helpful for the functioning of industries like Construction, Automotive, Electric and electronics, Machinery & equipment, Mass transport, and others like energy, telecom, and consumer durables.


Regional Analysis


The telehandler market size in the APAC region is expected to acquire a market share of more than 58% in the global market during the forecast period. The market segments can experience a surge at 4% CAGR by the end of the ongoing forecast period in 2028. The increasing communication portal development across countries like China, Indonesia, and India among other APAC regions can boost the regional market expansion. Also, there has been a massive degree of expansion of the telehandler industry infrastructure is experiencing demand from high consumers of telehandlers that can add to the APAC market expansion rate for the period ending in 2028. The substantial degree of growth is likely to be witnessed by other market regions like Europe and North America.


Recent Developments



  • The compact telehandler segment as a part of the telehandler market is likely to be accounted for the largest market share in 2028, which will continue its dominance by the end of the decade.

  • The rising adoption of compact telehandlers in the construction industry is expected to gain a wide degree of momentum during the forecast period owing to their versatility and the higher number of sections in it, which makes them popular among manufacturers.

  • The global telehandlers market size is extremely fragmented with many players operating in the global market premises especially during the forecast period that ends in 2028. The prominent players of the global market have adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies that have been prominently adopted by the players are expansions, investments, acquisitions, product development, and others like agreements.


Intended Audience



  • telehandler traders and manufacturers

  • OEMs

  • Manufacturing and production organizations

  • Automotive manufacturers and suppliers

  • Construction companies and organizations


Report Overview


The telehandler industry report conducts a huge and in-depth market analysis that will help in predicting the growth scale for the market during the forecast period of 2021-2028. The market report studies the market with the following market aspects:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Technology Analysis

  • Study Objectives

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


The market report helps and discusses the market functioning in the form of segments that will help in increasing the market revenue and the development of a reliable and satisfying target audience. The report covers the fruitful discussion of factors that give birth to global market competition and the recent developments of the prominent market players, as a part of the global telehandler market share that is projected to increase by the end of the period in 2028 by the experts, leaders, and business chiefs. The global market report also discusses the impact of the pandemic outbreak on the market functioning during the forecast period.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   2.6% CAGR (2022-2030)
  Base Year   2021
  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   by Technology, by Application, by Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Manitou (U.K.), J C Bamford Excavators Ltd. (U.K), Merlo S.p.A (Italy), Bobcat Corporate (U.S.)
  Key Market Opportunities

  • Fastest growth in construction industry
  • Increased popularity of such systems
  •   Key Market Drivers

  • Use in farming equipment
  • Sophisticated construction equipment


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    Frequently Asked Questions (FAQ) :


    The APAC region is likely to emerge as the largest growing region during the forecast period that will be ending in 2028.

    The European region is likely to undergo a considerable market growth CAGR during the forecast period that ends in 2028.

    The telehandler market trends suggest that the market will undergo global growth at a CAGR of 4.5% and reach a market value of USD 7,821.4 million by the end of the forecast period in 2028.