Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for waste management & recycling professionals · Friday, September 17, 2021 · 551,661,775 Articles · 3+ Million Readers

Telescopic Handlers Market to Reach US$ 9,596.9 Mn by 2026; Manitou’s Market Share Increases with the Introduction of Hybrid Telehandler: Fortune Business Insights

Key companies covered in the Telescopic Handlers Market Research report include JC Bamford Excavator Ltd., AB Volvo, Caterpillar, Liebherr-International Deutschland GmbH, Doosan Bobcat, Manitou BF, Komatsu Ltd., Wacker Neuson SE, Terex Corporation, Skyjack (Parent Org.- Linamar), HAULOTTE GROUP, and JLG Industries (Parent Org.-Oshkosh Corp.) among others.

/EIN News/ -- Pune, July 30, 2019 (GLOBE NEWSWIRE) -- JCB in India has launched a wide range of telehandlers on account of the increasing demand as a result of infrastructure expansion around the world. These telehandlers have a lift height of between 7 meters and 17 meters. Rising investment in construction sector is driving the global Telescopic Handlers Market. Fortune Business Insights in a new report, titled TELESCOPIC HANDLERS MARKET: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” predicts that the market is expected to surge at a CAGR of 7.6% during the forecast period. In 2018, the global market was worth US$   5,332.7 Mn and is anticipated to reach US$ 9,596.9 Mn by 2026. The Telescopic Handlers Market demand increases as the demand for telehandler machines rises from agriculture, environment, mining, construction, and logistics. Telehandlers are primarily used for digging trenches, load lifting, and material handling. 

Browse Complete Report Details with Table of Content and Figures:

Several companies are upgrading their telescopic handlers to increase market share. For instance, Manitou upgraded its existing telehandler called MT 1135 into a hybrid telehandler. The company is working with Deutz to produce hybrid telehandler MT 1335. Also, the company will continue to maintain its long-standing relationship with Road America. Manitou has been delivering construction equipment to Road America since 1989. The demand for aerial platform equipment is increasing, which drives the market. Considering this, the Telescopic Handlers Market potential is likely to grow in the years to come.

APAC to Grow Faster Owing to Rapidly Growing Urbanization

Larsen & Turbo (L&T) invested around US$ 19.12 Million in the year 2017 in construction projects. This, as a result, will increase the Telescopic Handlers Market size. As per the report, APAC is expected to be the fastest growing region owing to the rapid developments in construction industry. Other factors such as growing industrialization and urbanization are enabling growth in the market. Following APAC, Europe and North America are expected to witness high growth in the forecast years. The market in Europe is expected to gain from the rising demand in agricultural sector. The growing need for compact wheeled handlers or skid steer handlers in Europe triggers potential growth in the market. As per the Clean Energy Law by National Energy & Climate Plans (NECPs) in Europe, companies are required to produce eco-friendly and sustainable engines for telescopic handlers. In order to maintain sustainability and reduce fuel consumption, the government in Europe made an investment of around US$ 35 Million in the manufacturing sector between 2016 and 2028. The market in North America is expected to grow at a higher CAGR in the forecast years, Moreover, the market was valued at US$ 958.4 Mn in the year 2018. 

Rising Preference Towards Electric Telehandlers to Reduce Operational and Labor Costs

“The rapidly growing infrastructure sector augments demand for innovative and advanced construction equipment, which increases the Telescopic Handlers Market share,” states a lead analyst at Fortune Business Insights. Integration of telematics in telehandlers and increasing adoption of hybrid telescopic handlers are positively impacting the growth of the market. Stringent environmental policies are compelling companies to manufacture electric telehandlers enabled with electric engine technology. A program called National Clean Air Program or NCAP was launched in 2019 in India. The program gives a clear understanding on how to control and reduce air pollution levels.

Electric telehandlers help to reduce carbon dioxide emissions across construction sites, which leads to a green and sustainable working environment. In order to follow the government guidelines, consumers are focusing on electric or green telehandlers. Governments around the world are encouraging consumers to use renewable sources of energy with an aim to introduce eco-friendly and efficient engines for telehandlers. All the above factors are expected to expand the Telescopic Handlers Market size in the forthcoming years. 

Sample PDF

The report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights provided in the report are the prevalence of coagulation factor deficiency, recent industry developments such as mergers & acquisitions, and key industry trends.

Key companies covered in the report

  • JC Bamford Excavator Ltd.
  • Caterpillar
  • Doosan Bobcat
  • CNH Industrial America LLC (CASE Construction- brand)
  • Manitou BF
  • Terex Corporation
  • Wacker Neuson SE
  • Liebherr-International Deutschland GmbH
  • Skyjack (Parent Org.- Linamar)
  • JLG Industries (Parent Org.-Oshkosh Corp.)
  • Komatsu Ltd.
  • AB Volvo 

Speak to Analyst

Table of Content:

  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends of Market

  • Key Insights
    • Macro and Micro Economic Factors
    • Key Technological Developments
    • Industry SWOT Analysis
    • Price Trend Analysis

  • Global Telescopic Handlers Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Sizing Estimations and Forecasts – By Type (US$ Mn)
      • Compact Telescopic Handler
      • High Lift Telescopic Handler
      • High Load Telescopic Handler
    • Market Sizing Estimations and Forecasts – By Technology (US$ Mn)
      • Hybrid
      • Electric
      • Combustion
    • Market Sizing Estimations and Forecasts – By Lift Height (US$ Mn)
      • Less than 5 meters
      • 5-15 meters
      • More than 15 meters
    • Market Sizing Estimations and Forecasts – By Lift Capacity (US$ Mn)
      • Less than 3 tons
      • 3-10 tons
      • More than 10 tons
    • Market Sizing Estimations and Forecasts – By End User Industry (US$ Mn)
      • Construction
      • Forestry
      • Agriculture
      • Oil & Gas
      • Manufacturing
      • Transport & Logistics
      • Power Utilities
    • Market Analysis, Insights and Forecast – By Geography (US$ Mn)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America
  • Competitive Analysis
  • Strategic Recommendations

Request for Customization: 

Browse Related Reports:

  • Dump Trucks Market Size, Share and Global Trend by Type (Articulated, Rigid), By End Use Application (Mining, Construction, Waste Management, Others) and Geography Forecast till 2026
  • Excavator Market Size, Share and Global Trend by Type (Mini/Compact Excavator, Crawler Excavator, Wheeled Excavator, Other Excavator), By End-use Industry (Construction, Forestry & Agriculture, Mining, Others) And Geography Forecast till 2026
  • Forestry Equipment Market Size, Share and Global Trend by Equipment Type (Felling Equipment, Extracting Equipment, On-Site Processing Equipment, and others), and Geography Forecast till 2026
  • Construction Equipment Market Size, Share and Global Trend by Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Geography Forecast till 2026

About us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact us:
Fortune Business Insights Pvt. Ltd. 
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US :+1-424-253-0390
UK :+44-2071-939123
APAC :+91-744-740-1245


Primary Logo

Electric engine technology is expected to emerge as the most preferred technology in Telescopic Handlers Market

Telescopic Handlers Market Size, Share and Global Trends
Powered by EIN News

EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release