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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Telehandler market for 2018-2023.
A Telehandler, also known as a telescopic handler, telehandler handler, teleporter or rough terrain forklift, is a vehicle with a telescopically extensible boom, which can extend forwards and upwards from the vehicle, so it can be fitted with various lifting. A telehandler often is a hybrid of the crane and forklift in terms of abilities and size. Telehandlers have several attachments, such as winch, pallet forks, muck grab, or bucket, and can be used for material handling, digging trenches, personnel elevation, and underground mine baskets. These benefits have helped manufacturers develop vast product portfolios that are pleasing to their customers, safe, and add value. Telehandlers are widely used in construction, agriculture, industry, mines and quarries, environment, logistics, and other markets.
In the coming years there is an increasing volume demand for Telehandler in the regions of North America and Europe that is expected to drive the market for more advanced Telehandler. Increasing of construction fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on agriculture telehandler industry, retrofitting and renovation of old technology, increasing adoption of Telehandler will drive growth in Asia markets.
Globally, the Telehandler industry market is low concentrated as the manufacturing technology of Telehandler is relatively matures than some high-tech equipment. And some enterprises, like JLG, JCB, Caterpillar, Doosan Infracore etc. are well-known for the wonderful performance of their Telehandler and related services. At the same time, Europe, occupied 43.52% production market share in 2016, is remarkable in the global Telehandler industry because of their market share and technology status of Telehandler.
The consumption volume of Telehandler is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Telehandler industry may not keep that fast. But it is surely forecasted that the market of Telehandler is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
Although the market competition of Telehandler is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Telehandler and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Over the next five years, LPI(LP Information) projects that Telehandler will register a -0.8% CAGR in terms of revenue, reach US$ 4450 million by 2023, from US$ 4640 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Telehandler market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Compact Telehandler
- High Reach Telehandler
- Heavy Lift Telehandler
Segmentation by application:
- Mines and Quarries
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Doosan Infracore
- Wacker Neuson
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Telehandler consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Telehandler market by identifying its various subsegments.
- Focuses on the key global Telehandler manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Telehandler with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Telehandler submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.