The size of telehandler market was registered at USD 5.5 billion in the year 2019 and is anticipated to cross USD 10.5 billion by 2026. Between the period 2020-2026, the market is expected to register a CAGR of 11%, as per the research by Global Market Insights Inc.
Merlo’s recent investment in telehandler market is indicative of the lucrative growth path this business has charted out for itself. As per news reports, Merlo announced launching a Roto R50.35 S-Plus in 2019. The telehandler is a 115 foot lift height which has been equipped with integrated controls, maximum capacity of 10,990 pounds, 360-degreee rotating turret, 96 foot reach, and an advanced new safety system.
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Telehandlers are generally regarded as lifting machinery vehicles that are being extensively used to lift loads in construction, agriculture, environment, mining, and logistics industries. One of the predominant factors driving the growth of this market is the compatibility of these machines with an expansive range of accessories like mud grabs, scoop buckets, winches, and others, thus signifying the product’s adoption in various end-use applications.
When considering the widespread product gamut, compact telehandlers have begun witnessing a massive demand in the overall industry owing to their small size, high affordability, and low fuel consumption. More so, these machines have been gaining increased popularity in industrial material handling applications.
It is noteworthy to mention that heavy vehicles being used in construction activities have been responsible for increased toxic emission levels, thereby leading to the discovery of electric telehandler models. What more has been favoring the growth of segment is the mounting demand for silent operations in indoor locations.
Telehandlers have largely been used in various farming and agricultural activities, which is poised to drive the telehandlers market over the time span of 2020 to 2026. What makes them highly preferred across these sectors is their versatile nature and notable use in lifting heavy loads, stacking bales, and navigating through tightly packed crops.
The global telehandler market has been diversified onto various regions including North America, Asia Pacific, Europe, and Rest of the World. Of these, Asia Pacific is set to register prolific gains in the telehandler market, subject to the thriving construction industry and ever growing population. It was reported that the APAC construction market would record a remuneration of USD 5.45 trillion by the end of 2021.
Some of the fundamental factors supporting the regional growth include rising investments by various countries including India, China, and Japan for the development of large infrastructural projects, which has indeed triggered the adoption of telehandlers on a large scale.
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Some Point from Table of Contents:
Chapter 6. Telehandler Market, By Type (Revenue & Shipment)
6.1. Key trends by type
6.2. Electric telehandler
6.2.1. Market estimates and forecast, 2016 – 2026
6.3. Engine powered telehandler
6.3.1. Market estimates and forecast, 2016 – 2026
Chapter 7. Telehandler Market, By Application (Revenue & Shipment)
7.1. Key trends by application
7.2.1. Market estimates and forecast, 2016 - 2026
7.3. Construction & mining
7.3.1. Market estimates and forecast, 2016 – 2026
7.4.1. Market estimates and forecast, 2016 - 2026
7.5.1. Market estimates and forecast, 2016 - 2026
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