Light Duty Telehandler Market will Register a CAGR of 5.60% from 2023 to 2030

According to MRFR analysis, the global Light Duty Telehandler Market is expected to register a CAGR of 5.60% from 2022 to 2030 and hold a value of over USD 2.14 Billion by 2030.

The market for light-duty telehandlers has remained consistent and has the potential to grow significantly. It is also anticipated that the Light Duty Telehandler Market would experience significant expansion during the anticipated time frame. Due to a growing requirement in sectors including mining, construction, and even agriculture, the use of light-duty telehandlers has been rising daily. It is anticipated that market utilization in the construction sector would be high over the projection period due to the expansion of the construction sector. The primary benefits of employing a light-duty telehandler are their ability to move in a 360-degree circle, handle heavy loads, and have other advantages.

Regional Analysis

The Light Duty Telehandler Market is dominated by North America as a result of the construction industry’s slow but steady expansion. And one of the key factors in the development of the area is the nation-states of North America’s rapidly expanding residential and non-residential sectors. During the projection period, growth is anticipated in the Asia-Pacific area. The Asia Pacific region’s agricultural industries have developed quickly, contributing to this expansion.

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Market Segmentation

The Global Light Duty Telehandler market has been segmented into Capacity and Application.

Based on the Capacity, the market has been segmented into Up to 3 tons, 3.1 to 4 tons, and 4.1 to 5 tons.

Based on the Application, the market has been segmented into Construction, Agriculture, Mining, and Others.

Key Players

Some of the key market players are JCB Limited, Manitou, Merlo, Liebherr machines, Caterpillar Inc, Pettibone traverse LLC, Sennebogen maschinenfabrik GmbH, Wacker neuson, Sky jack Inc, Gehl company.

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