Telehandlers Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2030
Future Market Insights (FMI) predicts that the global
telehandler market will increase by 4.7% annually in 2022, reaching a
value of about US$ 4,210.6 Mn by the year’s end. The demand
for telehandlers in infrastructure and construction development projects is
increasing. Telehandlers are used by customers in the manufacturing, mineral
processing, and mining industries. They have a wide range of applications and
the ability to hold a variety of attachments.
The need to shorten the time required for maintaining
industrial machinery like overhead cranes is driven by the growing automation
of industries. The market for telehandlers expands as a result. Between 2022
and 2030, there is expected to be a significant value CAGR of 5.1% in
the global telehandler market.
According to FMI, the global telehandler market is dominated
by North America, who also notes that Europe is a close second due to its
organised participants and significant share. By the end of 2030, North America
and Europe are anticipated to have a combined revenue share of 70.6% of the
global market.
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FMI provides key insights about the telehandler market’s
growth prospects as well as a comparison analysis of half-yearly data. Due to
the expansion of infrastructure projects and global economic development,
telehandlers are growing in popularity.
With the acceptance and maturation of the telehandler
market, safety features have become more and more crucial. In order to further
accelerate the growth of the telehandler market, major players are expanding
their sales networks globally.
The difference between the BPS values observed in the
Telehandlers market in H1, 2022-Outlook over H1, 2022-Project reflects an
increase of 11 units, according to FMI analysis. Additionally, the market is
anticipated to increase by 22 BPS in H1 2022 compared to H1 2021. This is a
significant factor driving the telehandler market because of the growing demand
for cutting-edge technology in construction equipment as a result of the
increased level of output.
The market for these devices is anticipated to experience
strong demand due to the widespread use of telehandlers in the agricultural
industry. Additionally, as a result of the construction industry’s rapid
expansion, fleet owners and manufacturers of construction equipment have become
more cooperative.
Due to its adaptability in assisting with a variety of
complex tasks, high load bearing capacity, and 360° movement capability, the
telehandler market is thus anticipated to grow. Telehandlers are anticipated to
grow in popularity as construction equipment.
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The US Is the Most Prominent Market for Telehandlers
The U.S. market for telehandlers is anticipated to grow by
volume by 3.2% in 2022. Prominent OEMs with the best product portfolios can be
found in North America. Governments in developed nations like the US are
imposing strict regulations on automakers to require the inclusion of safety features
to reduce the rate of accidents.
Furthermore, it is predicted that the market for
telehandlers will be driven by additional regulations in developing nations and
economies. By the end of 2022, the U.S. market will surpass revenues of
will be driven by additional regulations in developing nations and economies.
By the end of 2022, the U.S. market will surpass revenues of $1.497.7 Mn.
The market for telehandlers is increasing in Germany.
Over the estimated period, the German market for
telehandlers is anticipated to grow at a CAGR of nearly 4.8%. German industry
specialises in the development and manufacture of complex products,
particularly capital goods and cutting-edge manufacturing techniques.
Germany’s demand for telehandlers is being driven by the
growth of infrastructure projects and the use of these devices in industries
like agriculture, manufacturing, and packing. By 2030, the nation’s value is
projected to be around US$582 million.
The Telehandlers Market’s Competitive Landscape
To enhance the supply chain for telehandlers, there have
been rising acquisition and expansion activities over the past few years.
Telehandler producers are utilising “green logistics” to lessen the
environmental burden by lowering land pollution brought on by transportation
activities.
As more customers look for eco-friendly logistics services,
this gives telehandler manufacturers a competitive advantage over their rivals.
A number of significant telehandler suppliers are also concentrating on
creating new, technologically advanced telehandlers. Numerous manufacturers
have begun to appear in this market.
For instance,
- In
2020, Linamar Corporation completed the acquisition of MacDon and its
group of companies, a global market leader in the design and manufacturing
of specialised agriculture harvesting equipment such as drapers and
self-propelled windrowers.
- In
2019, CLAAS updated the SCORPION range to include a new top model – the
960, with a 6.5 t lifting capacity. The telehandler range features a host
of refinements and now complies with the Stage V emission standard.
The latest study conducted by Future Market Insights covers
all the strategies and success factors of key manufacturers in the market.
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