The Telehandler Market Is Estimated To Record a CAGR of Around 4.04% During The Forecast Period
Evolve Business Intelligence has published a research report on the Global Telehandler Market, 2023–2033. The global Telehandler market is projected to exhibit a CAGR of around 4.04% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Telehandler Market: Wacker Neuson SE, Doosan Infracore Co Ltd, Terex Corporation, Liebherr Group, Manitou Group, J.C. Bamford Excavators Ltd, Linamar Corporation, Caterpillar, CNH Industrial, Oshkosh Corporation
For More Information: https://evolvebi.com/product/telehandler-market-analysis-and-global-forecast-2023-2033-with-covid-impact-analysis/
Market Highlights
The global Telehandler market is projected to be valued at USD 6.89 Billion by 2033, recording a CAGR of around 4.04% during the forecast period. A telehandler, also known as a telescopic handler or a telehandler forklift, is a versatile lifting and handling machine commonly used in construction, agriculture, and industrial applications. It combines the features of a forklift and a crane, providing the ability to lift, extend, and maneuver loads with precision and reach. The primary feature of a telehandler is its telescopic boom, which can extend and retract to varying lengths. This telescoping capability allows the telehandler to reach both horizontally and vertically, making it suitable for tasks that require lifting and placing loads at various heights and distances.
The COVID-19 pandemic had moderate impacts on the Telehandler market. During the initial phases of the pandemic, the global construction and industrial sectors experienced disruptions due to lockdown measures, supply chain disruptions, and reduced economic activity. These disruptions had an impact on the demand for telehandlers as construction projects were delayed or put on hold, and industrial activities slowed down. Many countries implemented restrictions on construction sites and non-essential businesses, which affected the utilization of telehandlers. However, it’s worth noting that the impacts varied across regions and industries. Some regions experienced more severe disruptions due to stricter lockdown measures, while others managed to maintain certain levels of activity with safety protocols in place. Sectors like agriculture and logistics, which relied on telehandlers for essential operations, were less affected. Moreover, as the pandemic progressed, the construction industry and other sectors gradually adapted to new safety guidelines and resumed operations, albeit with certain limitations. The demand for telehandlers started to recover as construction projects resumed and industrial activities picked up.
Segmental Analysis
The global Telehandler market has been segmented based on Height, and End-user.
Based on Height, the Telehandler market is segmented into Less than 50 ft, 50 ft & more. The 50 ft & more segment is expected to have a larger market share throughout the forecast period.
Based on End-user, the global Telehandler market has been divided into Construction, Mining, Agriculture, and Others. The Construction segment is anticipated to dominate the market.
For More Information: https://evolvebi.com/product/telehandler-market-analysis-and-global-forecast-2023-2033-with-covid-impact-analysis/
Regional Analysis
The Telehandler market is divided into five regions: North America, Europe, Asia-Pacific, South America, and Middle East, & Africa. Each region represents a distinct market with varying demand for telehandlers. North America and Europe have well-established construction sectors, while the Asia-Pacific region is experiencing rapid growth. South America and the Middle East & Africa also contribute to the market with their construction, industrial, and infrastructure development activities. It’s important to stay updated with the latest market trends and dynamics within each region to understand the current state of the Telehandler market.