Global Telehandler Market
Telehandler Market Size And Forecast
According to Verified Market Research, The Global Telehandler Market was valued at USD 5267.4 Million in 2018 and is projected to reach USD 7715.3 Million by 2026, growing at a CAGR of 4.96% from 2019 to 2026.
Global Telehandler Market Outlook
The versatility of the telehandlers, its growing use in the agriculture sector and increased investment in the infrastructure industry are few of the major driving factors for the growth of the Global Telehandler Market in the forecast period.
The versatility of telehandlers begins with the ability of the machine to fit a variety of attachments to the boom which varies from bucket grabs to pallet forks to muck grabs and more depending on the type of load and application which can be affixed in the boom end making it versatile transportation equipment in various end-use industries. With the growing population, there is an increasing need for bulk material handling in agriculture and livestock farming. The rising volume of agricultural produce increases the need for telehandlers for the use of agriculture applications.
However, the need for continuous support and maintenance of the equipment and lack of skilled labor to operate these machines are few of the major restraining factors in the growth of the Global Telehandler Market during the forecast period.
Global Telehandler Market, Competitive Landscape
The Global Telehandler Market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include J.C. Bamford Excavators Ltd, Haulotte Group SA, Doosan, Infracore Co. Ltd, CNH Industrial NV, and Caterpillar Inc.
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