The Telehandlers Market was valued at US$ 6.03 Bn in 2019 and is expected to grow at a CAGR of 2.41% from 2020 to 2027 to reach US$ 7.31 Bn by 2027. The telehandlers market has witnessed eminent growth in the last couple of years globally. Factors such as increasing mining, agricultural, and infrastructural projects are driving the demand for construction equipment including telehandlers across the world.
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Growing Mining and Construction Business
Infrastructure-driven growth in countries such as China has resulted in high economic growth and increase in the demand for commodities such as iron ore, coal, manganese, cobalt, and copper. The exploration activities for necessary minerals and metals are vital for the overall growth of the mining industry. In addition, growth of infrastructural projects and development of the urban industry are fueling the demand for construction equipment within the construction industry. On the account of rising infrastructural projects globally, the need for equipment integrated with sophisticated technologies is growing to ensure a higher level of productivity.
Impact of COVID-19 Pandemic on Telehandlers Market
The COVID-19 outbreak, which began in Wuhan (China) during December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns, to combat and contain the outbreak, have impacted every industry and economy worldwide. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; due to which the Telehandlers and related components are disrupted. Additionally, the demand for frozen foods has been showcasing a slowdown since the outbreak of COVID-19 in the countries
Major Players in the market are:
- AB VOLVO
- BOBCAT COMPANY
- CATERPILLAR INC.
- CNH INDUSTRIAL N.V.
- HAULOTTE GROUP
- JLG INDUSTRIES, INC
- KOMATSU LTD.
- MANITOU BF
- TEREX CORPORATION
- LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH
- Compact Telehandler
- High-Lift telehandler
- High-Load telehandler
By Propulsion Type
By Lift Height
- Below 5 Meter
- 5 – 15 Meter
- Above 15 Meter
By Equipment Type
Researchers also carry out a comprehensive analysis of the recent regulatory changes and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.
Further, in the research report, the following points are included along with an in-depth study of each point:
* Production Analysis– Production is analyzed with respect to different regions, types, and applications. Here, the price analysis of various Market key players is also covered.
* Sales and Revenue Analysis– Both, sales and revenue are studied for the different regions of the global market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.
* Supply and Consumption– In continuation of sales, this section studies the supply and consumption of the Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part.
* Other analyses– Apart from the information, trade and distribution analysis for the Market, contact information of major manufacturers, suppliers and key consumers are also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.
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Important Key questions answered in Telehandlers market report:
- What will the market growth rate, Overview, and Analysis by Type of Telehandlers in 2027?
- What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Telehandlers market?
- What is Dynamics, This Overview Includes Analysis of Scope and price analysis of top Manufacturers Profiles?
- Who Are Opportunities, Risk, and Driving Force of Telehandlers market? Knows Upstream Raw Materials Sourcing and Downstream Buyers.
- Who are the key manufacturers in space? Business Overview by Type, Applications, Gross Margin, and Market Share
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