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(Construction.IndustryNews247.Com, June 20, 2018 ) Woodridge, USA Jun 2018(News) - A Heavy Duty Telehandler Market, also known as telescopic handler, is a machine used for lifting of loads in construction, agriculture, logistics, and other industries. The machine is also useful in material handling, digging trenches and undergrounds mine baskets. It is a hybrid of a crane and a forklift. Telehandlers can be used to complete a wide array of complex tasks, they are now being viewed as versatile tool carriers that can be utilized in all types of construction and other activities.
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The increasing utilization of telehandlers in various end-user applications, such as commercial, agriculture, general construction, road and bridge, and oil and gas, will result in this markets strong growth during the forecast period. The increasing adoption of hybrid telehandlers will be one of the major trends gaining traction in the telehandlers market for the construction industry in the coming years. The fluctuation in fuel prices is prompting manufacturers to look for alternatives such as hybrid telehandlers and electric telehandlers.
Key Players:
Manitou Group (France)
J C Bamford Excavators Ltd (U.K.)
Caterpillar Inc. (U.S.)
Terex Corporation (U.S.)
Wacker Neuson Group (Germany)
Linamar Corporation (Canada)
Haulotte Group (France)
Oshkosh Corporation (U.S.)
DIECI S.R.L. (Italy)
Eazi Group Ltd. (South Africa) and others.
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Objective of Global Heavy Duty Telehandler Market Analysis & Forecast, from 2017 to 2023:
To provide detailed analysis of the market structure along with forecast for the next ten years of the various segments and sub-segments included in global heavy duty telehandler market with analysis of its development and demand in the market
High growth geographies and countries were identified
Regional and country specific demand and forecast for global Heavy Duty Telehandler were studied
Key segments covered in the report are: capacity, application and region
Unit breakdown for all different classification was finalized; and same was referred for forecasting, keeping few assumptions into factor
For all the regions, forecast demand for all applications were identified and then with historical figure, data collected through primary and annual reports were triangulated to derive the regional market size
Historical trend is identified to forecast and estimate the future value data
Target Audience:
Manufactures
Raw materials suppliers
Aftermarket suppliers
Research institute & education institute
Potential investors
Key executive (CEO and COO) and strategy growth manager
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Key Findings
Global heavy duty telehandler market is expected to reach USD 3,874.4 million by 2023.
By Capacity, 5 to 10 tons segment dominate the global Heavy Duty Telehandler market with share of 51.90% in 2015, in terms of value. It is expected to grow at 3.29% CAGR during the forecast period.
By Application, Construction segment dominate the global heavy duty telehandler market with share of 47.80% in 2015, in terms of value. It is expected to grow at 3.29% CAGR during the forecast period.
Geographically, Europe region has been projected to have the largest market share in global Heavy Duty Telehandler market followed by North America.
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