Telehandler Market

Telehandler Market: Outlook

The telehandler market is likely to record substantial growth across the forecast period of 2021-2031. The recent developments such as lithium-ion-powered and electric-type telehandlers coupled with the expanding demand for these telehandlers by suppliers and manufacturers is likely to propel the growth of the telehandler market.

Telehandlers are lift trucks that enable the lifting and transferring of heavy materials such as crates, container goods, and other components with ease. These trucks operate in dockyards and perform functions such as loading and unloading. All these functionalities may prove to be growth boosters for the telehandler market.

The growing application of telehandlers in construction, agriculture, mining, and others will bring substantial growth opportunities across the tenure of 2021-2031. The growing use of telehandlers for shifting packaged goods around the storage spaces may serve as vital growth opportunities for the telehandler market during the assessment period.

The team of analysts at TMR has evaluated the growth trajectory of the telehandler market are curated this report. This study offers significant information about the parameters such as Industrial Dimensions, Emerging Trends, Major Developments, Geographical Landscape, and Potential Threats. These aspects help the stakeholders and the CXO’s to make proper decisions and plan strategies accordingly. The report also includes insights into the effect of the COVID-19 outbreak on the telehandler market. The observations made by the experts at TMR offer important information on each and every aspect related to the growth of the telehandler market.

Telehandler Market: Competitive Landscape

The telehandler market is stiff in competition. Numerous players are developing key strategies to acquire substantial market share. The players in the telehandler market are focusing on research and development activities and initiating new advancements such as telescopic tool carriers and rotating telescopic handlers which can easily handle heavy loads. The players also focus on strategic collaborations which help in maintaining their dominance in the telehandler market.

Some well-entrenched players in the telehandler market are   Bamford Excavators Ltd., Wacker Neuson SE, CNH Industrial, Caterpillar, Bamford Excavators Ltd., Doosan Infracore Co. Ltd., Oshkosh Corporation, and Liebherr Group.

Telehandler Market: Key Trends

The increasing utilization of telehandlers by manufacturers and suppliers will bring tremendous growth opportunities for the telehandler market. Furthermore, the ability of telehandlers to transfer the loads quickly and easily has increased its preference. Additionally, the awareness about the environment has created the need to reduce the pollution caused due to operations in logistics. The demand by consumers for eco-friendly logistics may help in increasing the growth rate of the telehandler market.

The expenditure on construction has increased substantially over the years. Rapid industrialization and urbanization have led to increasing demand for residential and commercial spaces. The growing construction activities in developing countries have increased rapidly. Hence, the use of MB crusher attachments in the telescopic handlers has equipped the telehandler to efficiently conduct construction activities which ultimately may create multiple opportunities for the telehandler market.

Huge investments are being made by the governments of numerous countries for agricultural activities. Developing countries like India and China are extensively increasing their focus on improving agricultural practices. JCB telehandlers are prominently used in the agricultural sector. This aspect may boost the growth of the telehandler market. The application of telehandlers is wide in mines and quarries owing to their heavy use in operations which may benefit the growth of the telehandler market during the assessment period of 2021-2031.

Telehandler Market: Regional Aspects

The telehandler market in Asia Pacific is expected to observe a dominant streak during the assessment period of 2021-2031. A large number of construction activities and the rapidly growing infrastructural developments may provide multiple growth opportunities for this region.