Telehandler: Key market research findings
- Rise in the adoption of hybrid telehandlers
- Increase in the applications of telehandlers
Technavio has released a new market research report on the global telehandler market, which is expected to grow at a CAGR of around 6% between 2016 and 2020. Rise in construction activities across the globe has led to huge demand for telehandlers for almost all projects. EMEA leads the global market for telehandlers, accounting for 66% of the total market share. Increase in the residential construction projects and agricultural activities is boosting growth in the rental market for telehandlers in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Manufacturers have come out with various fuel-efficient and eco-friendly hybrid telehandlers such as hybrid electric vehicles (HEVs), fuel cell vehicles and propane-fuelled vehicles. Vendors and rental fleet owners are also customizing their products as per customer requirements. They are equipping telehandlers with the ability to adapt various attachments for doing different kind of jobs, thereby increasing the utilization rates of telehandlers,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
Telehandlers have gained huge prominence in the commercial, agriculture, general construction, steel erection, roofing, framing, masonry, demolition, retail, road and bridge, oil and gas and other applications and industries. These machines assist as versatile tool carriers, and are used in all types of construction and other projects, as they offer a 360° movement and high load capacity along with long reach heights.
The leading vendors in the global telehandler market include JCB, JLG, Liebherr Machines, Manitou and Merlo. The manufacturers are focusing to improve their rental business of telehandlers, owing to the growing use of telehandlers in new areas of applications. As the telehandlers manufacturing is a capital-intensive industry, the threat of new entrants in this market is low.
A more detailed analysis is available in the Technavio report, Global Telehandler Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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