Telehandler Market to Have a Remarkable Growth

Market Analysis

The global telehandler market is touted to touch 6684 units at 2.6% CAGR over the assessment period (2010-2020). Telescopic handlers or telehandlers are lifting machines that are generally mounted on the vehicle. It comes with a telescopic boom which helps in facilitating lifting heights of around 50 feet or above. These machines are widely used in construction industries and agriculture. As opposed to other types of machinery, it is extremely versatile in nature. Telehandlers can be utilized for carrying out various tasks, resting on the attached accessories on the telescopic boom. Compared to a forklift, a telehandler offers higher power yet enjoys similar maneuverability, thereby offering the perfect balance between usability, power and reach. Being highly mobile, telehandlers can be driven to most location and sites. It is versatile to navigate on different working environments as it offers three steering modes- crab steering, 4-wheel drive and front wheel. Using various attachments, it can be used as a crane, skid-steer loader, wheel loader, tractor, cherry picker or lift truck. The best part about using a telehandler is that it helps in replacing a large volume of manual lifting on a work site, thus making complicated lifting and moving much easier.

There are plentiful factors that is boosting the growth of the telehandler market. These factors as per the Market Research Future (MRFR) report include growing demand for systems in the construction machinery that is technologically advanced due to high productivity rate, widespread application in agriculture and construction industries, developments and innovations in the infrastructure industry, and assorted range of latest construction equipment and tools in the fleets. Telehandler over the years have evolved into sophisticated construction equipment from a typical farming and landscaping equipment due to its 360-degree movement capability and the capacity of bearing high load. The ability of telehandlers for performing various tasks especially in construction and farming will further add to the growth of the market. Also, the expansion of the rental construction equipment market resulted in the increase in collaboration amid rental fleet owners and construction equipment manufacturers based on the construction sector’s expansion. This in turn is prognosticated to propel the growth of the telehandler market over the assessment period. On the contrary, rising input price results in higher operational cost that may hinder the growth of the telehandler market over the assessment period. Also, balancing the price structure coupled with analyzing the need of such machines for long term in specific application is again predicted to deter the growth of the telehandler market over the assessment period.

Market Segmentation

MRFR report provides an extensive segmental analysis of the telehandler market on the basis of capacity and application.

Based on capacity, it is segmented into less than 3 ton, 3.1-4 tons and 4.1-5 tons.

Based on application, the telehandler market is segmented into mining, agriculture, construction and others. Of these, the construction application will have the largest share in the market over the assessment period.

Regional Analysis

By region, the telehandler market covers growth opportunities and latest trends across China, Germany, France, UK and Eastern European Countries. Of these, Germany will command the telehandler market over the assessment period owing to the presence of numerous industries here such as agrochemicals, plant breeding and construction. China is prognosticated to expand at a notable CAGR over the assessment period due to increased manufacturing activities coupled with rapid industrialization in this region.

Key players

Leading players profiled in the telehandler market include Bobcat Corporate (U.S.), Merlo S.p.A (Italy), J C Bamford Excavators Ltd. (U.K), Manitou (U.K.) and others.

April 2019- Haulotte has introduced a new telehandler, the HTL 3207, the most compact to date. It has 3.2 tonnes of lift capacity and up to 6.85m height. Measuring 4.67m in length and with a short turning radius, this machine has been designed for access to narrow spaces especially in industrial-related and construction settings. This telehandler is extremely user friendly.