Heavy Duty Telehandler Market with (Covid-19) Impact Analysis: Worldwide Key Industry Segments & Forecast, 2022-2027

By 2027, the heavy-duty telehandler machines market is anticipated to reach USD 3,495.36 million, growing at a 5.9% CAGR from 2021 to 2027. Because of significant growth in the construction industry, telehandlers, or telescopic handlers, have become more popular in recent years. Heavy-duty telehandlers, in particular, have gained traction as an ideal solution for heavy-duty tasks not only in the construction industry but also in other industries like agriculture, mining, manufacturing, transportation, and logistics. With major projects driving demand, high-capacity telehandlers offer users a variety of job-site solutions.

The worldwide heavy-duty telehandler machines market is being fueled by expansion in the construction business, rising usage in the agricultural industry, and inventions in telehandler operation models. In contrast, the greater expenses of the latest emission standard engines are impeding market growth. Amusingly, the consumer wants multiple prospects for industry leaders, with the prospect of expansion into developing countries.

 The increasing adoption from construction projects has contributed to the overall growth of the telehandler market. Telehandlers are in high demand due to the requirement for improved infrastructure, as they can be used for a variety of construction tasks. The heavy-duty telehandler machines market has profited from rising spending on infrastructure construction projects, mining activities, and increasing manufacturing activity.

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Regional Analysis

The heavy-duty telehandler machines market has been divided into four regions: North America, Europe, Asia-Pacific, and the Rest of the World. Europe held the largest market share and is expected to grow at a 6.1% CAGR over the forecast period. The North American market is expected to grow at a CAGR of 5.3% by 2020.

In 2020, the European market grew at a considerable annual rate. The European market is divided into four sections: the United Kingdom, Germany, France, and the remaining parts of Europe. Heavy-duty telehandlers are highly adaptable in the development, farming, and mining industries, vastly increasing organisational productivity and knowledge.

Market Segmentation

The international heavy-duty telehandler machines market is divided into capacity and application segments.

The market has been divided into three sections based on capacity: 5 to 10 tonne, 10.1 to 15 tonne, and 15 tonne and above.

On the basis of applications, the heavy-duty telehandler industry has been divided into several sectors, including construction, agriculture, mining, and others

Key Players

The key players in the market are Oshkosh Corporation (US), Caterpillar Inc. (US), Manitou Group (France), J C Bamford Excavators Ltd. (UK), Terex (US).

To maintain a competitive edge and gain more customers, these players concentrate on spreading and improving their Resolution portfolio and services. Furthermore, these players are concentrating on collaborations and joint ventures to grow their client base and company in order to strengthen their position in the market.

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