Product ID: SQMIG20G2018
Global Telehandler Market Size, Share, Growth Analysis, By Type(Compact Telehandlers and High Reach Telehandlers), By End-user(Construction, Agriculture) - Industry Forecast 2024-2031
Report ID:
SQMIG20G2018 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
62 |
Figures:
75
Global Telehandler Market Insights
Global Telehandler Market size was valued at USD 6.60 billion in 2022 and is poised to grow from USD 7.07 billion in 2023 to USD 12.24 billion by 2031, growing at a CAGR of 7.10% in the forecast period (2024-2031).
The global telehandler market is experiencing significant growth due to the versatile nature of these machines and their widespread use in construction, agriculture, and industrial sectors. Unlike traditional forklifts, telehandlers feature a telescopic boom that allows operators to reach elevated areas and lift heavy loads. With a single telescopic arm instead of two forks, telehandlers offer enhanced maneuverability and access to hard-to-reach spaces. Telehandlers excel at tasks such as material loading and unloading, heavy item movement, and working at great heights. The demand for telehandlers is driven by their ability to efficiently carry and transport heavy items, making them essential in manufacturing, agriculture, and construction sectors. Their telescopic boom enables access to high places and maneuvering around obstacles, making them adaptable and effective for material handling. The ability to perform multiple tasks with various attachments such as lifting hooks, pallet forks, and buckets saves time and money. Technological advancements have further contributed to the popularity of telehandlers, improving their effectiveness, safety, and usability. Factors such as rising demand across industries, adaptability, efficiency, and technological advancements drive the telehandler market. Manufacturers are also embracing "green logistics" strategies to reduce environmental impact and gain a competitive edge. By implementing emission-cutting measures, telehandler manufacturers meet the demand for environmentally friendly logistical services. For instance, collaborations between Battery Power Industries and Manitou.com have resulted in battery-powered telehandlers with high-speed charging systems, catering to the needs of the mining and infrastructure construction industry.
US Telehandler Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Telehandler Market Report Snapshots
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