Global Telescopic Handlers Market 2021-2026 | Size, Share, Demand, Growth, Analysis
The new report by EMR titled, ‘Global Telescopic Handlers Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global telescopic handler’s market, assessing the market based on its segments like type, technology, lift height, lift capacity, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 5.7 Billion
- Forecast CAGR (2021-2026): 5%
- Forecast Market Size (2026): USD 8 Billion
Due to increasing investments in infrastructure growth, Asia Pacific accounts for a large share of the industry. In addition, the increasing demand for compact and robust telescope handlers in growing economies across the region has contributed significantly to the growth of the industry. Meanwhile, due to the rising demand for electric and hybrid telescopic handlers and the increasing investment by manufacturers in R&D activities, North America is expected to experience substantial growth over the forecast period. The increasing construction industry and high government spending on infrastructure across the region have paved the way for the growth of the regional industry.
Industry Definition and Major Segments
Telescopic handlers are vehicles for aerial platform equipment designed for ubiquitous use in agriculture, warehousing, dockyards, and industries. It is also known as the telehandler, teleporter, forklift reach, or boom lift. The machinery is used to transport goods or staff and has the capacity to move goods from one position to another. It is used mainly for applications such as buckets of grain, buckets of soil, power booms, and rotators. Also, these vehicles, such as platforms and grippers, are used with various types of attachments.
Based on type, the market is bifurcated into:
Based on technology, the industry can be segmented into:
By lift height, it is categorised as:
- Less than 5 Metres
- 5-15 Metres
- More Than 15 Metres
Based on lift capacity, the market is divided into:
- Less Than 3 Tons
- 3-10 Tons
- More Than 10 Tons
By end use, the market comprises of:
- Oil and Gas
- Transport and Logistics
- Power Utilities
The global regions for telescopic handler’s market include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The industry is driven by rapid technological developments, such as the invention of telescopic handlers powered by electric or lithium ions, and the widespread applications of the product in different industries, especially construction, transport and agriculture. Market growth has also been driven by the proliferating investments of key industry players in R&D activities, such as the upgrading of telescopic handlers. The availability of alternative and more compact equipment, such as loader cranes, and large initial investments in telescopic handlers can, however, hamper the growth of the industry. Over the forecast period, the growing demand for technologically advanced construction machinery systems is expected to drive market growth due to their high production rate.
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Key Market Players
The major players in the market are JCB Manufacturing Inc, Bobcat Company, Manitou Group, Liebherr-International Deutschland GmbH, Caterpillar Inc., Deere & Company, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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