Telehandlers Market Future Scenarios, Growth and Analytical Insights 2032
According to Future Market Insights (FMI) the Global Telehandlers Market to grow with a year-on-year growth of 4.7% in 2022 reaching a value of about US$ 4,210.6 Million by 2022 end. Telehandlers are perceiving growing demand in infrastructure and construction development projects. With a wide range of application and owning the capability of having various attachments, telehandlers are serving customers in manufacturing, mineral processing, and mining industries.
The employment of telehandlers in material handling space
with their versatility and safe technology is driving global sales, according
to a new report by Future Market Insights (FMI). Telehandlers have developed
from a conventional landscaping and farming machinery to a much more
sophisticated construction equipment. Telehandlers manufacturers invest heavily
in R&D to develop and incorporate changes in their product line.
While the US and European countries have been the early
adopters of telehandlers, future growth will be reliant on demand from China,
India, Brazil, GCC, and countries where mega projects are coming up.
To Know More@
https://www.futuremarketinsights.com/reports/telehandlers-market
Given their multipurpose features that enables them to
perform the tasks of cranes, loaders, and access equipment in several industries,
telehandlers are set to be the first machinery that can be deployed at
operation sites for material handling without prior ground preparation.
Tech-driven performance and dependence in tandem with total
cost of ownership (TCO) possess better value of money over long run.
End-users, seeking customized solutions at slightly higher
price, will find value addition in telehandlers as overall machine expense and
its utilization in projects will justify customers’ initial investment in the
machinery.
Key Takeaways of Telehandlers Market Study
- Worldwide
sales of telehandlers to surpass US$ 6 Bn in 2030
- Manufacturers
to reap substantial gains from telehandlers having maximum lift height of
30′-60′
- ‘Electrification’
and ‘lightweighting’ to emerge as disruptive forces in global market
- The US
and Europe remain the most lucrative markets
“Telehandlers are equipped with an array of attachments
including, jib and crane, pallet fork, tire handlers, and re-handling
multi-purpose buckets, and these attachments are transforming continuously as
the cab continues to explore potential application avenues,” says analyst at
FMI.
COVID-19 Impact on Telehandlers Market
The COVID-19 pandemic has had immediate repercussions on the
global economic order and that effect goes across every industry, including
construction. Worldwide construction growth has slumped to 0.5% CAGR from the
expected 3.1% for 2022.
Constructional projects have been delayed, and manufacturing
operations have been ceased due to nationwide lockdowns amid the COVID-19
crisis. With steep drop in operations in construction and manufacturing sites,
demand for telehandlers has been severely affected.
Request Sample @
https://www.futuremarketinsights.com/reports/sample/rep-gb-4934
Telehandlers Market – Competitive Intelligence
Top Key Players covered in the report
Danfoss, Terex Corporation (Genie), Haulotte Group, Oshkosh
Corporation (JLG Industries, Inc.), Linamar Corporation, Manitou BF, J C
Bamford Excavators Ltd., MAGNI Telescopic Handlers Srl, Doosan Bobcat, CLAAS
KGaA mbH, Wacker Neuson SE, Xtreme Manufacturing Llc
The global telehandlers market is highly consolidated with
prominent players capturing about two-fifths of overall market value.
Manufacturers are developing telehandlers armed with new features in an effort
to lock in customers and achieve economies of scale. For instance,
JCB has rolled out its new telehandlers – Hydraload 555-210R
– with rotating telescopic handler. The machine comes with maximum lifting
height of 20.5 m and maximum lift capacity of 5.5 tons
Xtreme Manufacturing has introduced telehandlers that
exhibit 17,000-pound capacity. The telehandlers are armed with the company’s
novel modular cab design that allows them to be simply switched from open to
enclosed, or vice versa, with an optional gear. This offers customers with
enhanced flexibility while running telehandlers in several environments
Comments
Post a Comment