Telehandler Market – Global Industry Analysis and Forecast (2023-2029) by Type, End users and Region

Telehandler Market was worth US$ 7.74 Bn. in 2022 and total revenue is expected to grow at a rate of 14.9 % CAGR from 2022 to 2029, reaching almost US$ 20.47 Bn. in 2029
Telehandler Market Overview:
Telehandlers are lift trucks utilized generally to lift and transfer heavy materials like crates, container goods, and other such components, to short distances. The global telehandler market is driven by the rising use in the agriculture sector, augmented investment in the infrastructure industry, and the utilization of telehandlers for solid waste recycling and management plants. Rising demand for technologically advanced systems in construction machinery owing to a high rate of productivity is also projected to impel the market growth in the forecast period. However, the high price of raw materials and the rising trend of adoption of forklift are restraining the market growth at the global level. A rise in the adoption of green logistics solutions is expected to create beneficial opportunities for the key players in the market during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Telehandler Market Dynamics:
The adaptability of telehandlers, their increasing application in agriculture, and increased investment in the infrastructure industry are only a few of the primary driving factors for the Global Telehandler Market's growth in the forecast period.

Telehandlers' versatility starts with the machine's ability to attach a variety of attachments to the boom, ranging from bucket grabs to pallet forks to muck grabs and more, depending on the type of load and application that can be affixed in the boom end, making it versatile transportation equipment in a variety of end-use industries. Bulk material handling in agriculture and livestock operations is becoming more important as the world's population grows. The need for telehandlers for agricultural applications is increasing as the number of agricultural produce grows.

One of the major factors driving the global telehandler market is increased infrastructure investment, as evidenced by the fact that several international companies have begun establishing operations in developing countries to take advantage of low-cost manufacturing as a result of the global economic downturn.
Telehandler Market Segment Analysis:
Global Telehandler Market can be segmented into Product Type and End Users.

Based on End Users, the market is sub-segmented into Construction, Mining, Agriculture and Others. The construction segment has led the telehandler market in 2022 and is estimated to generate more than US$ xx Mn market revenue by 2029, with a CAGR of xx%. Owing to the thriving construction sector around the world, particularly in developing countries. Moreover, the launch of several new projects in developed countries is anticipated to propel the telehandler market during the forecast period.
Telehandler Market Regional Insights:
North America held the prominent market share of xx% in 2022 and is expected to reach US$ Mn by the end of 2029, with a CAGR ofxx%. Thanks to the presence of major market players in the region. Europe held the second-largest market share of xx% in 2022 and is expected to grow at a CAGR of xx% over the forecast period owing to development in the construction industry and the increase in real estate investments.

The market in the Asia Pacific is expected to grow at a high CAGR during the forecast period due to a significant number of on-going infrastructure and advancement projects in China and India. The fast-developing countries, particularly East Asian economies, will drive the development-related projects for transportation, infrastructure, and airports. This boosts the demand for compact and robust telehandlers in Asian countries. Several telehandler manufacturers have established their base in the Asia Pacific, which boosts the telehandler market growth. For instance, in March 2019, JCB financed US$ 91.7 Mn in Gujarat, India to fulfill the increasing demand for construction equipment.

Objective of the report is to present a comprehensive analysis of the Global Telehandler market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global Telehandler market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Telehandler market make the report investor’s guide
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Global Telehandler Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 7.74 Bn.


Forecast Period 2023 to 2029 CAGR:
14.9%
Market Size in 2029:
US $ 20.47 Bn.


 Segments Covered:
by Product Type
Compact telehandler
Large telehandler


by End-user
Construction
Mining
Agriculture
Others


by Technology
Less than 5 meter5-15 meters
More than 15 meters


by Lift Capacity
Less than 3 tons
3-10 tons
More than 10 tons


by Height
Less than 50 ft
50 ft & more



Telehandler Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Telehandler Market key player
1. Doosan Infracore Co. Ltd.
2. Terex Corporation
3. Liebherr Group
4. Manitou Group
5. J.C. Bamford Excavators Ltd.
6. Linamar Corporation
7. Caterpillar
8. CNH Industrial
9. Oshkosh Corporation
10.Haulotte Group,
11.Merlo S.p.A.
12.Deere & Company
13.Bobcat Company
14.Sennebogen
15.AB Volvo
16.Komatsu Ltd
17.Pettibone Traverse Lift, LLC
18.Infracore Co. Ltd
19.Industria Metalmeccanica con socio unico
20.XCMG Group
21.Skyjack
Frequently Asked Questions:
1)What was the market size of Global Telehandler Market markets in 2022?
Ans - Global Telehandler Market was worth US$ 7.74 Bn in 2022.

2) What is the market segment of Global Telehandler Market markets?
Ans -The market segments are based on Product type and End users.

3) What is forecast period consider for Global Telehandler Market?
Ans -The forecast period for Global Telehandler Market is 2023 to 2029

4) Which are the worldwide major key players covered for Global Telehandler Market report?
Ans - Doosan Infracore Co. Ltd., Terex Corporation, Liebherr Group, Manitou Group, J.C. Bamford Excavators Ltd., Linamar Corporation, Caterpillar, CNH Industrial, Oshkosh Corporation, Haulotte Group, Merlo S.p.A., Deere & Company, Bobcat Company, Sennebogen, AB Volvo, Komatsu Ltd, Pettibone Traverse Lift, LLC, Infracore Co. Ltd, Industria Metalmeccanica con socio unico, XCMG Group, Skyjack

5) Which region is dominated in Global Telehandler Market?
Ans - In 2022, North America region dominated the Global Telehandler Market.