Telehandler market: Doosan Bobcat opens its doors internationally

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Pune, India, November 29, 2021 (GLOBE NEWSWIRE) – The world telescopic forklift market is poised to take advantage of growing investments from reputable organizations to improve the high reach installations and high load capacity of these machines. In December 2019, JCB, for example, added three new products to its “Telehandlers – the Made in India”. They have a lifting height of 7 to 17 meters. This information is provided by Fortune Business Insights ™ in a new study titled “Telehandler Market, 2021-2028”. The study further mentions that the telehandler market size was $ 5.87 billion in 2020. It is expected to grow from $ 6.19 billion in 2021 to $ 9.38 billion in 2028 at a CAGR of 6.1 % during the forecast period.

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List of key players in the telehandler market:

  • JC Bamford Excavator Ltd. (Rochester, United Kingdom)
  • Caterpillar (Illinois, United States)
  • Doosan Bobcat (Seoul, South Korea)
  • CNH Industrial America LLC (Wisconsin, United States)
  • Manitou BF (Ancenis, France)
  • Terex Corporation (Connecticut, United States)
  • Wacker Neuson SE (Munich, Germany)
  • Liebherr-International Deutschland GmbH (Bulle, Switzerland)
  • Skyjack (Guelph, Canada)
  • HAULOTTE GROUP (L’Horme, France)
  • JLG Industries (Pennsylvania, United States)
  • Komatsu Ltd. (Tokyo, Japan)
  • AB Volvo (Gothenburg, Sweden)

Scope and segmentation of the report

Cover of the report Details
Forecast period 2021 to 2028
Forecast period 2021 to 2028 CAGR 6.1%
Projection of the value 2028 $ 9.38 billion
Year of reference 2020
Market size in 2020 $ 5.87 billion
Historical data for 2017 to 2019
Number of pages 160
Covered segments Type, technology, lift height, lift capacity, end user and geography
Growth drivers Increase the implementation of strict environmental policies to stimulate growth
Asia-Pacific to remain at the forefront with increased investment in construction projects
Major players focus on developing new products to increase competition

Report Cover-

As customer expectations change, dealer aspirations are also changing rapidly. Distribution channels are becoming complex. To provide our customers with detailed information, we have conducted extensive primary and secondary research. We have carefully observed each opportunity qualitatively and quantitatively so that our clients have a comprehensive overview of emerging and existing opportunities. We also carried out a techno-economic study.

To learn more about the short and long term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/telehandler-market-100995

Drivers and constraints-

Increase the implementation of strict environmental policies to stimulate growth

Nowadays, electric motors are quickly upgraded due to the strict environmental standards implemented by government agencies around the world. India’s National Clean Air Program (NCAP), for example, is one such policy that was launched in 2019. It provides detailed information on reducing, controlling and preventing air pollution in the country. country. In addition, electric motors are capable of reducing carbon dioxide on construction sites. These factors are expected to support the growth of the telehandler market in the near future. However, the expensive nature of Telehandler prompts many customers to opt for rental services. This may hamper Telehandler’s request.

COVID-19 pandemic: Construction halt affected growth in developing countries

Manufacturing and industrial sectors around the world were severely affected by the COVID-19 pandemic in 2020. Many companies, mainly in emerging economies, are currently facing challenges, such as shutting down construction projects and supply chain disruptions due to strict lockdown measures. We provide accurate research reports to help you find a solution to regain your business confidence and generate more telehandler sales.

Segmentation-

By type, the market is segmented into high load, high lift and compact. By technology, it is trifurcated in combustion, electric and hybrid. Of these, the hybrid segment gained 27.6% in terms of telehandler market share in 2020. The electric segment is said to have the highest CAGR due to growing concerns about various environmental issues occurring around the world. . Therefore, people are turning to electric vehicles. Based on the lifting height, the market is classified into 5 meters, 5 to 15 meters and more than 15 meters. In terms of lifting capacity, it is divided into less than 3 tons, 3 to 10 tons and more than 10 tons. Finally, by end users, it is fragmented into construction, forestry, agriculture, oil and gas, manufacturing, transportation and logistics, and electric utilities.

Regional Insights-

Asia-Pacific to remain at the forefront with increased investment in construction projects

  • Asia Pacific: The region generated $ 2.07 billion in revenue in 2020. The region is expected to remain at the forefront due to increased investment in construction projects. For example, Larsen & Turbo said it launched new construction projects worth $ 19.12 million in 2017. China is considered the second position in terms of the global construction industry.
  • North America: It is said to have a high CAGR due to new investor inflows in various sectors, such as transportation and logistics, agriculture, power and utilities.
  • Europe: The region is expected to have a strong demand for small telehandlers, such as compact wheeled trucks and skid steer trucks in the agricultural sector.

Competitive landscape-

Major players focus on developing new products to increase competition

The global telehandler market is home to several companies that are currently aiming to build new facilities and launch new products to meet strong global demand. Some of the others are also trying to gain a competitive advantage by partnering with local businesses. Below is one of the most recent developments in the industry:

  • July 2019: Doosan Bobcat is about to open its new Global Collaboration Center in Minneapolis. The center will allow teams to work closely together by becoming a central meeting place to stimulate collaboration and innovation.

Quick Buy – Telescopic Forklifts Market: https://www.fortunebusinessinsights.com/checkout-page/100995

Main Table of Contents:

  • introduction
    • Definition, by segment
    • Research approach
    • Sources
  • Abstract
  • Market dynamics
    • Drivers, constraints and opportunities
    • Emerging market trends
  • Key ideas
    • Macroeconomic and microeconomic factors
    • Consolidated SWOT analysis of the main players
    • Porter’s Five Forces Analysis
    • COVID 19 impact assessment
  • Global Telescopic Handler Market Analysis, Outlook and Forecast, 2017-2028
    • Main conclusions / summary
    • Market Size Estimates & Forecasts – By Type (Value)
      • Compact
      • High reach
      • High load
    • Market Size Estimates and Forecasts – By Technology (Value)
    • Market Size Estimates & Forecasts – By Lift Height (Value)
      • Less than 5 meters
      • 5-15 meters
      • More than 15 meters
    • Market Size Estimates & Forecasts – By Lifting Capacity (Value)
      • Less than 3 tons
      • 3-10 tons
      • More than 10 tons
    • Market Size Estimates and Forecasts – By End User (Value)
      • Construction
      • Forestry
      • Agriculture
      • Petroleum gas
      • Manufacturing
      • Logistic transport
      • Electricity utilities
    • Market analysis, information and forecast – by region (value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America
  • North America Telescopic Handler Market Analysis, Outlook and Forecast, 2017-2028
    • Main conclusions / summary
    • Market Size Estimates & Forecasts – By Type (Value)
      • Compact
      • High reach
      • High load
    • Market Size Estimates and Forecasts – By Technology (Value)

COT continues…!

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