In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Tele handlers market for 2018-2023.
A Telehandler, also known as a telescopic handler, telehandler handler, teleporter or rough terrain forklift, is a vehicle with a telescopically extensible boom, which can extend forwards and upwards from the vehicle, so it can be fitted with various lifting. A telehandler often is a hybrid of the crane and forklift in terms of abilities and size. Tele handlers have several attachments, such as winch, pallet forks, muck grab, or bucket, and can be used for material handling, digging trenches, personnel elevation, and underground mine baskets. These benefits have helped manufacturers develop vast product portfolios that are pleasing to their customers, safe, and add value. Tele handlers are widely used in construction, agriculture, industry, mines and quarries, environment, logistics, and other markets.
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In the coming years there is an increasing volume demand for Telehandler in the regions of North America and Europe that is expected to drive the market for more advanced Telehandler. Increasing of construction fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on agriculture telehandler industry, retrofitting and renovation of old technology, increasing adoption of Telehandler will drive growth in Asia markets.
Globally, the Telehandler industry market is low concentrated as the manufacturing technology of Telehandler is relatively matures than some high-tech equipment. And some enterprises, like JLG, JCB, Caterpillar, Doosan Infracore etc. are well-known for the wonderful performance of their Telehandler and related services. At the same time, Europe, occupied 43.52% production market share in 2016, is remarkable in the global Telehandler industry because of their market share and technology status of Telehandler.
The consumption volume of Telehandler is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Telehandler industry may not keep that fast. But it is surely forecasted that the market of Telehandler is still promising.
Over the next five years, Planet Market Reports projects that Tele handlers will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Tele handlers market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
High Reach Telehandler
Heavy Lift Telehandler
Segmentation by application:\Construction
Mines and Quarries
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This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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