Light Duty Telehandler Market is predicted to Grow Significantly by 2020

Synopsis of Light Duty Telehandler Market:

Market Scenario:

The Light Duty Telehandler Market is majorly driven by its use at construction sites. The light duty telehandler makes significant contribution to the construction process by enabling materials to be unloaded from delivery vehicles, transported around construction sites and be placed at heights. The market is also driven by the use of telehandler for industrial and infrastructural purposes. Tasks like vehicle and system maintenance, load handling and lifting or the overall logistics and support require telehandler machines and equipment, which drives their demand further. Moreover, the infrastructure development in the BRICS countries is contributing to the growth of this market. The growth of this market is expected to be restrained by the lack of trained operators.

Major Key Players:

The key players of Telehandler Market are

• Manitou (U.K.)
• JCB Ltd. (U.K.)
• Liebherr Machines (Switzerland)
• Caterpillar Inc. (U.S.)
• Merlo (Argentina)
• Pettibone Traverse LLC (U.S.)
• Wacker Neuson (Germany)
• Skyjack Inc. (U.S.)
• Sennebogen Maschinenfabrik GmbH (Germany)
• Gehl Company (U.S.)

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Market Research Analysis:

Based on capacity, up to 3 tons segment is expected to be the highest growing segment of the light duty telehandler market. Less than 3 tons capacity telehandler are used for lifting and light material handling purposes. These are used in residential and industrial construction, where the materials are generally light in nature as compared to mining, infrastructure and commercial construction applications. This use has led to the growth of the telehandler segment of capacity up to 3 tons.
Asia-Pacific region is expected to dominate the telehandler market with the highest CAGR. In the Asia-pacific region, China is the fastest growing region. It is expected to account for a significant share of the all new global construction in the forecast period. It is also witnessing increased urbanization with the implementation of central national new type urbanization plan, which further widens the scope of telehandler market in the region.

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Scope of the Report:

This study provides an overview of the global telehandler market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global telehandler market by its capacity, type and region.

By Capacity:

• Up to 3 tons
• 3.1 to 4 tons
• 4.1 to 5 tons

By Application:

• Construction
• Agriculture
• Mining
• Others

By Region:

• North America
• Asia Pacific
• Europe
• Rest of the World

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Contact:
Akash Anand,
Market Research Future
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Email: akash.anand@marketresearchfuture.com

This release was published on openPR.