Telehandlers Market to Reap Excessive Revenues by 2026

Rise in adoption of new technologies in the agriculture sector, a surge in investment in the infrastructure industry, and use of telehandlers for solid waste management propel the growth of the global telehandlers market

Growing adoption of new technologies in the agriculture sector increased investment in the infrastructure industry and the use of telehandlers for solid waste management as well as in recycling plants fuel the growth of the global telehandlers market. On the other hand, the increase in the adoption of forklift and surge in prices of raw materials impede the growth to some extent.

According to the report, the global telehandlers industry was estimated at $5.43 billion in 2018 and is expected to hit $7.82 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026.

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The construction segment to lead the trail by 2026-

Based on end-user, the construction segment accounted for nearly two-fifths of the global telehandlers market share in 2018 and is expected to dominate throughout the forecast period. The utilization of telehandlers for construction activities has reduced a significant number of accidents with improving safety performance which fuels the demand for the machines.

The Asia Pacific, followed by Europe and North America, to dominate in terms of revenue-

Based on geography, the Asia-Pacific region, followed by Europe and North America, contributed to one-third of the global telehandlers market revenue in 2018 and is projected to rule the roost throughout the estimated period. At the same time, this region is anticipated to register the fastest CAGR of 5.5% by 2026.

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The Less than 50 ft segment to maintain the lion's share till 2026-

Based on lifting height, the less than 50 ft segment garnered the major share in 2018, holding nearly two-thirds of the global telehandlers market. Rapid urbanization in emerging economies such as India, China, and Africa fuels the demand for small telehandlers. At the same time, the 50 ft and more segment would cite the fastest CAGR of 4.9% during the period, 2019-2026.

Frontrunners in the industry-

o Doosan Infracore Co. Ltd.
o Oshkosh Corporation
o Linamar Corporation
o CNH Industrial
o Liebherr Group
o Wacker Neuson SE
o J.C. Bamford Excavators Ltd.
o Terex Corporation
o Manitou Group
o Caterpillar

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