Telehandler Market Study by Application, Segmentation and Regional Outlook to 2026

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Telehandler Market Analysis by Growth Drivers and
Current Trends till 2026

• Global telehandler market size is anticipated to
  expand at a considerable pace in years to come,
  owing to the high versatility and product
  fulfillment of a safe working environment. In
  short, the versatility of these machines to
  attach to different types of accessories, such as
  scoop buckets, mud grabs, telehandler forks, and
  winches, will augment industry expansion. As per
  authentic reports, the global telehandler market
  size is expected to cross 10.5 billion by 2026.
• Rapid spread of coronavirus has led the
  government authorities in various countries to
  impose strict social distancing guidelines and
  restrictions to be followed. As a result, key
  players that are offering the rental of
  telescopic loaders and forklifts have postponed
  the purchase decisions due to fund shortage.

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• Increasing prevalence of the telescopic handlers
  can be credited to myriad benefits such as
  multi-functional nature as well as high
  flexibility strength, enabling users to deploy
  the product in high load-bearing and heavy
  lifting applications.

• Furthermore, escalating investments in the
  commercial residential construction by the
  private sector companies and government
  authorities, along with rising safety concerns
  among workers in the mining industry, are slated
  to proliferate overall telehandler market
  dynamics in the coming years.

• In terms of segmentation by type, the global
  telehandler market from the electric segment is
  projected to record a high growth rate by 2026,
  due to the rapid introduction of the electric
  telehandler models to cater to the rising
  concerns related to carbon emissions from the
  construction vehicles.

• Moreover, high importance in maintaining
  low-noise levels for various products used in
  indoor operations has contributed to its rising
  popularity.

• On the other hand, the compact telehandler
  segment is gaining widespread adoption, which can
  be attributed to low fuel consumption, small
  size, and affordable costs. This product segment
  is largely used in industrial material handling
  applications.

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• Regional Analysis

• On the regional front, the Asia Pacific
  telehandler industry is poised to register a
  significant market share, which can be
  attributable to the rapidly expanding
  construction industry. The regional market growth
  can also be credited to the mounting investments
  towards developing large infrastructural
  projects, including the construction of bridges
  and roads.

• Competitive Analysis

• The competitive landscape of the telehandler
  market comprises of companies such as MEC Aerial
  Work Platform, JCB, Manitou Group, CTE, Aichi
  Corporation, Haulotte Group, and Dinolift OY,
  among others. These key players are focusing on
  leveraging considerable growth opportunities
  through varied strategies such as product
  launches and partnerships.
• For example, Bobcat announced the launch of its
  new telehandler models that are stage V
  compliant, with D24 and D34 high power engines,
  in June 2020. These new models have various
  features application-specific options.

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