Le Lézard
Classified in: Mining industry, Covid-19 virus
Subject: MRR

Telehandler Market to record USD 1.73 Bn incremental growth -- Construction segment to generate maximum revenue


NEW YORK, Sept. 23, 2022 /PRNewswire/ -- The global telehandler market is fragmented in nature. The market is highly competitive and is dominated by vendors such as  JC Bamford Excavators, Manitou, and Oshkosh. Most of the prominent vendors in the market have their headquarters in Europe. Established vendors are focused on increasing the lift capacity and height of their existing models. They are also focusing on improving the control systems to enhance safety, which is a major concern and differentiating factor for buyers. Moreover, vendors are developing a wide range of products to expand their portfolio for various end-user applications and increase profitability. Gain deeper insights into the vendor landscape and identify successful growth strategies adopted by key vendors. Buy Report Now

Technavio expects the global telehandlers market size to grow by USD 1.73 billion, accelerating at a CAGR of 5.66% during the forecast period.

Significant investments are being made in the construction of oil and gas pipelines across the world. This is evident in developing countries such as the US and Canada due to the shale gas boom. These countries are also making huge investments in public infrastructure, which is increasing the demand for telehandlers. Besides, the recent crackdown on illegal immigration by the Government of the US has resulted in a shortage of farmworkers in the country. This has driven the farming sector in the US to focus on mechanizing agriculture and livestock farming processes. Many such factors are expected to create significant opportunities for vendors during the forecast period.

Technavio segments the global telehandler market by application (construction, agriculture, industrial, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

The construction industry will have the largest share of the market throughout the forecast period. The growth of the residential and commercial construction market is creating significant demand for telehandlers in the construction industry. The rising use of modular construction will further accelerate the growth of the market in the construction segment.

By region, APAC will emerge as the key market, occupying 45% of the global market share. Increasing investments in infrastructure projects such as transportation and energy in countries China, India, and Japan are driving the growth of the regional market.

The market is driven by the increasing need for bulk material handling in agriculture and livestock farming. The report on the telehandler market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment.  Download PDF Sample Report

The telehandler market covers the following areas:
Key vendors in the global telehandler market:
Related Reports:

Telehandler Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.66%

Market growth 2022-2026

USD 1.73 billion

Market structure

Fragmented

YoY growth (%)

5.52

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Volvo, Caterpillar Inc., CLAAS Group, CNH Industrial NV, Dieci Srl, Doosan Corp., Haulotte Group, J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Linamar Corp., Magni Telescopic Handlers Srl, Manitou BF SA, Merlo Spa, Oshkosh Corp., Pettibone Traverse Lift LLC, SANY Group, Terex Corp., Wacker Neuson SE, and Xtreme Manufacturing

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio


These press releases may also interest you

at 08:51
Freegold Ventures Limited (Freegold) is pleased to report results from an additional seven holes (5,997.7m) from its drill program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project ("Golden Summit" or...

at 08:49
Cutting-edge jeweler luxe.zen launches mine-to-market raw gemstone jewelry collection in partnership with Moyo Gems, PACT International & the Tanzanian Women Miner's Association. This is a groundbreaking move for luxe.zen on its mission to handcraft...

at 08:45
SKF continues to expand its RecondOil offer through a partnership agreement with Castrol, one of the world's leading lubricant brands. The partnership will enable Castrol industrial customers to use...

at 08:38
TuoLian Metal today launched its new website tuolianmetal.com. The new multi-lingual website will facilitate seamless communication between Tuolian and global clients. Designed with user experience in mind, Tuolian's new website makes information...

at 08:30
Mosaic Minerals Corporation ("Mosaic" or "The Company") is preparing an initial exploration program for the 2023 season to evaluate its lithium and strategic mineral projects located in Jamésie (Québec). These projects, which make up the...

at 08:30
Garibaldi Resources (the "Company" or "Garibaldi") is pleased to announce the closing of the first tranche of flow-through units of the non-brokered private placement financing (the "Financing")...



News published on 23 september 2022 at 22:45 and distributed by: