Global Heavy Duty Telehandler Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Global Heavyduty Telehandler Market Overview
Telehandlers or telescopic handlers are machines that can lift more than 5 tons of weight, facilitating lifting to a height of 50 ft. or more, as it is equipped with a telescopic boom. A telehandler is a hybrid between a crane and a forklift. Telescopic handlers are used to lift loads in construction, logistics, agriculture, and other industries. They can also be used in material handling, digging trenches and underground mine baskets.
According to the report published by Market Research Future, the global heavy-duty telehandler market is estimated to garner substantial CAGR during the forecast period. The heavy-duty telehandler market is expected to drive exponential growth because of widespread application in sectors such as agriculture and construction. Factors such as equipment utilization, cash inflows from businesses, dollar & time utilization, and higher prices are boosting to the telehandler market growth.
The global heavy-duty telehandler market is estimated to witness an increase in demand from the construction equipment manufacturing industry. Such demand can be attributable to the telehandlers' abilities to help with complex tasks, high load bearing capacity, and 360-degree movement capability. In addition, telehandlers can be combined with other machineries as it helps in the reduction overall cost of production, further driving the market for heavy-duty telehandlers.
A rise in the demand for technologically advanced machinery in the construction industry due to high productivity rate is estimated to trigger the heavy-duty telehandler market growth during the forecast period. Moreover, factors owing to swift growth in the heavy-duty telehandler market are expansion in the rental construction equipment market and the expansion of the construction industry as a whole. Adversely, rising input cost leading to higher operational cost is deemed to hamper the growth of the global heavy-duty telehandler market.
Key Players
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.)
Industry Updates
18 February 2019: Xtreme Manufacturing introduces two new B-Class rough terrain telehandlers, as well as a compact telehandler at World of Concrete 2019. The new Xtreme XR742 has a 3,175-kg lift capacity, a maximum lift height of 12.8 meters, and a forward reach of 8.2 meters.
24 February 2019: JCB has won the telehandler tech injunction against Manitou. A French court has issued a preliminary injunction against Manitou, requiring it to stop the manufacturing of telehandlers which feature a patented productivity device developed by JCB.
Segmental Analysis
The report published by MRFR has studied the market on the basis of application and region. On the basis of application, the heavy duty telehandler industry has been segmented into construction, agriculture, and mining.
In the agricultural sector, the most common attachment used for the telehandler is a bucket or bucket grab. Most telehandlers use a computer which uses sensors to monitor the vehicle. It will warn the operator and/or cut off further control input if the limits of the vehicle are exceeded.
The segment of construction is estimated to witness major growth owing to the booming construction sector and rapid industrialization across the globe, especially in developing countries such as China and India.
Detailed Regional Analysis
The heavy-duty telehandler market has been analyzed for various regional segments such as North America, Europe, Asia Pacific (APAC), and the Middle East & Africa. Asia Pacific (APAC) is projected to hold the largest market share for heavy-duty telehandler market during the forecast period. Factors attributing to such growth are rapid industrialization and increased manufacturing activities in the region.
In addition, launch of various new projects in developed countries is propelling further growth in the heavy-duty telehandler market. Europe is projected to hold the second largest share of the global heavy-duty telehandler market.
Market ScopeThe global market for Heavy-Duty Telehandler Market 2020 is presumed to achieve a growth rate of 4.5% between 2014 and 2022 (review period), confirms Market Research Future (MRFR).Growth Boosters and Main ChallengesHeavy duty Telehandler Market Size are in high demand as they are used to perform a vast array of complicated tasks.
The rising use of heavy duty telehandlers in several applications like oil and gas, agriculture, commercial, road and bridge and general construction is touted to be a prime growth inducer in the global market.A popular trend in the market at present is the rising deployment of hybrid telehandlers in the construction industry.
Given the surging instability in fuel prices, more and more manufacturers are now compelled to explore new alternatives including electric telehandlers and hybrid telehandlers.
The growing need for improved infrastructure has boosted the demand for heavy duty telehandlers, especially in developing regions like Asia Pacific and the Middle East.Colossal funds being spent on construction projects, industrial activities and mining activities have had a significant impact on the market for heavy duty telehandlers.
This can only mean better growth prospects for heavy duty telehandler market in the upcoming period.Market SegmentationThe heavy duty telehandler market segmentation comprises capacity as well as application.The capacity-dependent market segments are 10.1 to 15 ton, 15.1 and above as well as 5 to 10 ton.
Additionally, 5 to 10 ton capacity holding telehandlers are ideal for managing bulky and heavy loads on uneven and rough terrain.Various applications of heavy duty telehandlers are mining, agriculture, construction, and others.
