April 16, 2024

Telehandler Market Analysis: Trends, Growth, Challenges & Major Players in 2024

The Telehandler market is poised to experience substantial growth during the forecast period of 2024-2028. This comprehensive report provides an in-depth analysis of the market, including its size, share, growth potential, competitive landscape, key manufacturers/players/vendors, market segments and sub-segments, and future projections. The research also delves into the drivers and challenges of the market, revenue growth, future roadmap, standardization, deployment patterns, and forecasts.

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“The global telehandler market size was USD 5.87 billion in 2020. The regional impact of COVID-19 has been unprecedented and staggering, with telehandlers witnessing a positive demand amid the pandemic. Based on our analysis, the market exhibited a modest growth of 5.4% in 2020. It is projected to grow from USD 6.19 billion in 2021 to USD 9.38 billion in 2028 at a CAGR of 6.1% in the 2021-2028 period. The considerable rise in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over.”

What is the Telehandler Market?

The Telehandler market encompasses various machinery and equipment used in sectors such as construction, manufacturing, consumer electronics, and more. This market research provides valuable insights for businesses, investors, and stakeholders in the Telehandler industry.

Latest Trends in the Telehandler Market

Technological Advancements: Innovations in automation, Internet of Things (IoT), and artificial intelligence (AI) are revolutionizing the Telehandler market. These advancements enhance affordability, efficiency, and robustness, attracting new customers and driving market growth.

Driving Factors for the Telehandler Market

Growing Interest in Interior Aesthetics of Spaces to Propel the Asia Pacific Market

Asia Pacific is expected to dominate the engineered quartz surface market share during the forecast period on account of the growing interest among consumers in the interior aesthetics of buildings and homes in the region. The other important growth driver for this regional market is the position of China as one of the foremost producers and exporters of quartz in the world. In 2019, the market size in Asia Pacific stood at USD 4.16 billion.

Rising Demand: The increasing demand for machinery and equipment across various industries is a significant driver of market growth.

Restraining Factors for the Telehandler Market

Supply Chain Disruptions: Global disruptions in the supply chain can lead to delays in obtaining raw materials and finished goods, impacting production and sales.

Segmentation of the Telehandler Industry

By Component

  • Compact
  • High lift
  • High load

By Technology

  • Less than 5 meters
  • 5-15 meters
  • More than 15 meters

By Lift Capacity

  • Less than 3 tons
  • 3-10 tons
  • More than 10 tons

By End-User 

  • Construction
  • Forestry
  • Agriculture
  • Oil & Gas
  • Manufacturing
  • Transport & logistics
  • Power utilities

Key Players in the Telehandler Industry

  • J.C Bamford Excavator Ltd. (Rochester, United Kingdom)
  • Caterpillar (Illinois, United States)
  • Doosan Bobcat (Seoul, South Korea)
  • CNH Industrial America LLC (Wisconsin, United States)
  • Manitou BF (Ancenis, France)
  • Terex Corporation (Connecticut, United States)
  • Wacker Neuson SE (Munich, Germany)
  • Liebherr-International Deutschland GmbH (Bulle, Switzerland)
  • Skyjack (Guelph, Canada)
  • HAULOTTE GROUP (L’Horme, France)
  • JLG Industries (Pennsylvania, United States)
  • Komatsu Ltd. (Tokyo, Japan)
  • AB Volvo (Gothenburg, Sweden)

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FAQs

What is the growth rate of the Telehandler Market?
The Telehandler Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.1% from 2021 to 2028.

What are the key opportunities in the Telehandler Market?
Technological advancements and rising demand across various industries present significant growth and investment opportunities.

What challenges does the Telehandler industry face?
Supply chain disruptions and other factors can pose challenges for industry players.

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Conclusion

A comprehensive understanding of the Telehandler market landscape is crucial for making informed decisions. This market research report provides valuable insights into the market trends, growth drivers, challenges, segmentation, and key players. By leveraging these insights, businesses can make strategic choices regarding market entry, expansion, and future planning.

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