Market Overview:
The telescopic handler is known as reach forklift or boom lift, teleporter, and telehandler and it is a machine widely used in various industries worldwide. Telescopic handler makes a valuable contribution to the construction industry by enabling materials to be unloaded from delivery vehicles, placed at a height, and transported around various construction sites. A telescopic handler is a versatile machine that can be fitted with a wide range of attachments such as work platforms, crane jibs, buckets, and skips. This is projected to the growth of the telescopic handler market in the forecast period.
The Global Telescopic Handler market is expected to see growth rate of 5.62% and may see market size of USD7437.65 Million by 2027,. Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Caterpillar Inc. (United States), J C Bamford Excavators Ltd. (United Kingdom), Terex Corporation (United States), CNH Industrial America LLC (United States), AB Volvo (Sweden), Wacker Neuson SE (Germany), Sanko (Turkey), JLG Industries, Inc. (United States), Manitou Bf, Ltd. (France), Xtreme Manufacturing (United States), MERLO S.p.A. (Italy), MAGNI TELESCOPIC HANDLERS SRL (Italy) and Doosan Infracore (South Korea) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of Telescopic Handler Market Study:
Caterpillar Inc. (United States), J C Bamford Excavators Ltd. (United Kingdom), Terex Corporation (United States), CNH Industrial America LLC (United States), AB Volvo (Sweden), Wacker Neuson SE (Germany), Sanko (Turkey), JLG Industries, Inc. (United States), Manitou Bf, Ltd. (France), Xtreme Manufacturing (United States), MERLO S.p.A. (Italy), MAGNI TELESCOPIC HANDLERS SRL (Italy) and Doosan Infracore (South Korea)
Telescopic Handler Market Segment Analysis
Scope | Sub-Segments |
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Type | Standard Fixed Boom Telehandler, Rotational Telehandler and Heavy Lift Telehandler |
End Use Verticals | Construction,Forestry,Agriculture,Oil & Gas,Manufacturing Industry,Transport and Logistics,Power Utilities,Others |
Technology | Hybrid Telehandlers,Electric Telehandlers |
Size | Large telehandlers,Compact telehandlers |
The Standard Fixed Boom Telehandler segment is expected to command the largest share of the Global Telescopic Handler market The Construction segment is expected to command the largest share of the Global Telescopic Handler market
Influencing Trend:
Rising Use of Modular Design of Telescopic Handler in Construction Industry
Market Growth Drivers:
Increasing profound changes in many metropolitan areas and there are numerous transportation infrastructure projects such as highways, subways, and metro and Rising Focus on Improving Productivity and Growth of Off-Site Manufacturing in Industry
Restraints:
Telescopic Handler requires continuous maintenance which is very costly
Opportunities:
Increasing Demand from Industrial Sector for Construction and Material Handling
The Manufacturers having strong hold in the market are Caterpillar Inc., J C Bamford Excavators Ltd., Terex Corporation, and CNH Industrial America LLC. Some of the other players that are also part of study are Bobcat Company (United States) and Komatsu Ltd. (France). The Global Telescopic Handler market is gaining huge competition due to involvement of United States and Italian companies that constantly invest in research & development to meet market expectation with new innovation.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Telescopic Handler market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Telescopic Handler market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Electrical panel Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.