Telehandler Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to 2020
The growth of the Telehandler
Market is anticipated to be driven by its widespread usage in
construction and agriculture industries. Telehandler has evolved from
conventional landscaping and farming equipment into more advanced construction
equipment due to factors such as high load-bearing capacity and 360° movement
ability. The ability of the machine to carry out a wide range of tasks in
farming and construction industries is the primary factor contributing to the
growth of the telehandler market over the review period.
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The influential factors such as cash inflows from businesses, equipment
utilization, dollar and time utilization, and relatively higher prices are
expected to contribute to the growth of the market. in addition to these,
telehandlers raise the fuel efficiency and thus, drive the market to an upward
trajectory over the review period by increasing the demand. The telehandlers
have a more considerable resale value than any other machines such as
excavators that are utilised in the construction industry, which is a
significant reason for the generation of potential market opportunities for the
telehandlers market players over the forecast period. on the other hand, the
telehandler requires constant maintenance which has a higher cost for market
players, and thus, can pose as a restraining factor for the market over the
assessment period.
Segmental Analysis
The global telehandler market has been segmented on the basis
of capacity, application, countries.
Based
on the capacity, the market has been segmented into less than 3.1 to 4 tons, 3
tons, and 4.1 to 5 tons. Based on the applications, the market has been
segmented into construction, agriculture, mining, and others. Among the
applications, the construction sector dominates the marekt over the review
period, and is expected to register the largest market share. The agriculture
sector follows close behind the construction segment ni terms of market value and
is poised to contribute substantially to the demand for telehandlers over the
review period. The increasing adoption of telehandlers machinery in the mining
and other industrial verticals is expected to create a vast scope o growth
opportunities for market players in the foreseeable future.
Regional Analysis
Based
on the countries, the telehandler market has been segmented into China (Asia
Pacific), Germany (Europe), France, (Europe), the UK (Europe), and eastern
European countries.
Germany,
a leading telehandler market of Europe, is slated to dominate the market over
the forecast period, and register a substantial market valuation. it is
estimated to expand owing to the presence of established industries such as
construction, plant breeding, and agrochemicals, which are expected to
contribute significantly to the demand and adoption of telehandlers in the
region, consequently driving the growth of the market over the assessment
period.
China,
one of the largest markets for telehandlers, from the Asia Pacific region, is
anticipated to grow at 2.5% CAGR during the forecast period and record a
substantial market share. The China telehandler market is driven by influential
factors such as the rapid industrialization in theo country, economic growth,
and increased manufacturing activities in the region. These trends are expected
to continue over the review period, thus, are expected to provide lucrative
opportunities for the growth of the telehandler market over the review period.
Key Market Players
The major market players identified by MRFR in the global
telehandler market include Manitou (U.K.), Bobcat
Corporate (U.S.), JC Bamford Excavators Ltd. (U.K), Merlo S.p.A (Italy).
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