Telehandlers Market Set to Witness an Uptick Size US$ 6,247.6 Million to 2030: Future Market Insights, Inc.
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. The employment of telehandlers Market in material handling space with their versatility and safe technology is driving global sales, according to a new report by Future Market Insights (FMI).
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.
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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.
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 Billion 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.
Telehandlers Market – Competitive Intelligence
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
To Know More About Telehandlers Market:
A new market research report published by Future Market
Insights (FMI) on the global telehandlers market report offers comprehensive
insights into the market demand trends and analysis of opportunities over the
forecast period, 2022-2030. The report examines the telehandlers market through
three different segments – maximum lift height, ownership, and region.
The telehandlers market report also provides extensive
assessment of pricing by different key market dynamics, life cycle analysis,
and technologies that are being deployed in the manufacturing of telehandlers
and product adoption across several end-use industries.
Global Telehandlers Market By Category
By Maximum Lift Height :
- Upto
30’
- 30’ –
60’
- More
than 60’
By Ownership :
- Rental
Services
- End
Use Industries
- Construction
- Agriculture
Aftermarket
By Region :
- North
America
- Latin
America
- Europe
- South
Asia
- East
Asia
- MEA
- Oceania
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