Press release
Global Telehandler Market Expected to Witness a Sustainable Growth over 2023
A Telehandler, also known as a telescopic handler, telehandler handler, teleporter or rough terrain forklift, is a vehicle with a telescopically extensible boom, which can extend forwards and upwards from the vehicle, so it can be fitted with various lifting. A telehandler often is a hybrid of the crane and forklift in terms of abilities and size. Telehandlers have several attachments, such as winch, pallet forks, muck grab, or bucket, and can be used for material handling, digging trenches, personnel elevation, and underground mine baskets. These benefits have helped manufacturers develop vast product portfolios that are pleasing to their customers, safe, and add value. Telehandlers are widely used in construction, agriculture, industry, mines and quarries, environment, logistics, and other markets.
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Global Telehandler Market: Forecast by Type / Application / Region
In the coming years there is an increasing volume demand for Telehandler in the regions of North America and Europe that is expected to drive the market for more advanced Telehandler. Increasing of construction fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on agriculture telehandler industry, retrofitting and renovation of old technology, increasing adoption of Telehandler will drive growth in Asia markets.
Globally, the Telehandler industry market is low concentrated as the manufacturing technology of Telehandler is relatively matures than some high-tech equipment. And some enterprises, like JLG, JCB, Caterpillar, Doosan Infracore etc. are well-known for the wonderful performance of their Telehandler and related services. At the same time, Europe, occupied 43.52% production market share in 2016, is remarkable in the global Telehandler industry because of their market share and technology status of Telehandler.
The consumption volume of Telehandler is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Telehandler industry may not keep that fast. But it is surely forecasted that the market of Telehandler is still promising.
Over the next five years, LPI(LP Information) projects that Telehandlers will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Telehandler Market: Key Players
JLG
JCB
Caterpillar
Doosan Infracore
CNH
Manitou
Terex
Merlo
Claas
Dieci
Wacker Neuson
Liebherr
Skjack
Haulotte
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Related Information:
United States Telehandler Market Research Report 2018
Europe Telehandler Market Research Report 2018
North America Telehandler Market Research Report 2018
Asia-Pacific Telehandler Market Research Report 2018
China Telehandler Market Research Report 2018
EMEA Telehandler Market Research Report 2018
Global Telehandler Market Research Report 2018
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