Rough terrain lift truck also referred as telehandler or telescopic handler is a popular construction equipment. Demand for the equipment has increased substantially over time. As per the latest report published by Market Research Future (MRFR), the global rough terrain lift truck market is set to witness 3.4% CAGR during the forecast period (2018-2023). Growth of the construction industry in emerging economies remain a major market driver.
Rough terrain lift trucks are used for transporting materials from one point to another in construction sites. Increased construction activities in countries such as India, China, Brazil, as well as in ASEAN and GCC countries has created significant opportunities for market players. In addition, growing investment in developing new industrial sites in developing countries is reflecting favourably on the market. Industrial growth and rapid urbanization are some of the macroeconomic factors influencing the global rough terrain lift truck market.
Demand for rough terrain lift trucks is likely to remain healthy in developing economies across regions such as the Middle East, Latin America and Asia Pacific in the forthcoming years. The demand growth is prompting market players to improve distribution channels to access untapped markets. Nonetheless, high-cost of the equipment continues to hinder the penetration rate in price-sensitive markets.
Scope of the Report
This study provides an overview of the global rough terrain lift truck market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global rough terrain lift truck market by product, end-user, and region.
Segmental Analysis
The segmental analysis of the market has been conducted based on end-user, product and region.
By end user, the market has been segmented into residential, commercial and industrial. In 2017, the industrial segment represented the highest share of the market in terms of value. Additionally, the segment is projected to witness a relatively higher growth rate over the next several years. In recent years, there has been tremendous industrialization in the emerging economies which can be linked with the segment's growth. Many of the emerging economies are adopting new policy frameworks for delivering better governance, which entails a greater focus on developing the public infrastructure. Such factors are consequently lifting the standards of industries in emerging economies.
Regional Analysis
Based on region, the market has been segmented into Asia Pacific (APAC), Europe, North America and rest of the world (RoW). Of these, North America currently rules the roost. High technological prowess of the construction equipment sector in countries such as the U.S. and Canada remains a major favourable factor for the North America rough terrain lift truck market. The North America market is led by the U.S, which represents one of the largest markets for construction equipment in the world.
Asia Pacific is touted as the fastest growing market for rough terrain lift truck. It is projected that the market in APAC will remain highly attractive in the years to come. In recent years, many foreign players have entered the market in APAC for capitalized on the arising opportunities. During the forecast period, APAC is anticipated to present attractive opportunities to market players.
Other Related Market Research Reports:
Offshore Mooring Systems Market Research Report, By Type (Spread, SPM, Dynamic Positioning, Tendons), Anchorage (DEA, Suction Anchors, Vertical Load Anchors), Application (TLP, SPAR, FPSO, Drill Ships, and Others), and Region — Global Forecast till 2023
Global Precast Construction Market Research Report: Information by Product (Columns & Beams, Floors & Roofs, Walls, Staircase, Girders, Lintels, Paving Slabs, and Others), Construction Type (Modular Construction, and Manufactured Homes), Application (Residential, Commercial, Industrial, and Infrastructure), Region (North America, Europe, Asia-Pacific, and Rest of the World) — Forecast till 2025
Rough Terrain Lift Truck Market Research Report, By Product (MS Earthing Flat, GI Earthing Flat, and CI Earthing Flat), End-User (Industrial, Commercial, and Residential) and Region — Global Forecast till 2023Market Synopsis: Global Rough Terrain Lift Truck MarketRough terrain lift truck, also known as telescopic handler, or telehandler, is a machine widely used in construction industry.
It is used to transport materials from one elevation to another.Get Free Report Sample : https://www.marketresearchfuture.com/sample_request/7507 The global rough terrain lift truck market is anticipated to witness sustainable growth in the upcoming years which is attributed to the rapid growth of the construction industry in emerging economies such as China, India and other South Asian countries.
Furthermore, high investments in the industrial construction mainly in the emerging countries such as India, and China, has led the growth of these machines in the construction industry.
Moreover, the growth in the demand for rough terrain lift truck in the developing economies of Asia-Pacific and Latin America has pushed manufacturers to expand their distribution network.
However, fluctuating cost of raw materials hampers the growth of rough terrain lift truck market.Global Rough Terrain Lift Truck Market: Regional AnalysisGeographically, the global rough terrain lift truck market is segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the world (RoW).
North America held the largest share in the rough terrain lift truck market.
The report for Global Rough Terrain Crane Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
The report also gives a broad study of the different market segments and regions.Geographically, the global rough terrain crane market has been divided into four major regions, and they are North America, Europe, Asia Pacific and Rest of the World.
The Chinese Government issued several favorable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing.
This helped the recovery of commercial housing market.
In U.K., construction values of both, public and private sectors, are increasing, continuously.
75 T-100 T rough terrain cranes cater to all major lifting operations and are versatile in performing both on-road and off-road construction project.Request for Table of Contents: http://www.marketgrowthanalysis.com/reports/toc/195Based on application, the market has been segmented as construction, utilities and others.
Market Research Future (MRFR's) latest report on the global rough terrain crane market delivers actionable insights which are backed by thoroughly studied analysis of historical data and forecast for 2017-2023.
Moreover, upgradation of existing structures and rising investment in oil & gas industry is another factor contributing to the growth of the market.The rough terrain cranes market is ride with continuous product development and innovation to meet the evolving needs of various industries.
Meanwhile, the 75 T-100 T rough terrain cranes segment is anticipated to showcase noteworthy growth over the forecast period.
These cranes are versatile and can be applied to major lifting operations.
Fast-track urbanization across the globe has generated massive demand for these cranes from the residential construction sector.
The growth of the segment is majorly from the developing regions where there is a boom in both residential as well as commercial construction projects.
Heavy Erection Job Contractors In Delhi - VN Cranes pvt ltd is known for the Heavy Erection Job Contractors In Delhi.
For more detail about Heavy Erection Job Contractors In Delhi call us on +91- 9312405903.Our most valuable asset is our employees.
Our operators have worked on every type of job imaginable and each are individually trained.
The combination of excellent equipment and skilled operators gives us the ability to offer a higher level of service.Our Services includingHandling of heavy consignments & materialLoading, unloading & stacking of containers and heavy loadsErection of machineries & plants at great heightsHiring of motor graders & vibratory rollers on rental basisImport & Selling of used machinery like hydraulic cranes, telescoping cranes, truck mounted cranes, rough terrain cranes & all-terrain cranes Best Crane Rental Company in Delhi
