Telehandlers – Versatility is the New Engine of Growth
Telehandlers continue to be a smart choice for end use industries, such as construction and agriculture, on account of their versatility and exceptional functionality. In addition, superior reach and excellent lifting capacity continues to be two among the key USPs of telehandlers. Increasing number of projects associated with expansion of warehouse facilities and commercial construction are likely to set a buoyant tone for the telehandlers landscape in future.
Telehandlers Market - Key Research Findings
Global telehandlers market size in 2018 – Nearly US$ 4 Bn
The telehandlers market is expected to grow at nearly 5% CAGR over 2019-2029.
East Asia and South Asia are poised to have considerable growth potential in the telehandlers market.
Telehandlers are particularly popular pieces of equipment in Europe, where their versatility and flexibility is taken full advantage of. Furthermore, the telehandlers market is gaining traction in South Asia and East Asia, mainly driven by China and India.
Increasing construction and material handling activities and rise in productivity obtained by incorporating telehandlers at jobsites have increased the sales of telehandlers. This trend is anticipated to boost the demand for telehandlers even more over the forecast period.
Manufacturers are poised to launch new models with high as well as low maximum lifting height to complement a wide range of construction work. In addition, companies have been investing heavily to develop low-emission engines for telehandlers compliant with regional requirements. Europe and North America are cited to remain as the main centres for the growth of the telehandlers market.
Compact telehandlers are being launched, especially for tight working spaces and greater manoeuvrability, equipped with heavy-duty hydrostatic transmission. Also, companies have developed auto-shift transmission for telehandlers that adapts the motor torque and speed to the desired level for the job.
For indoor applications, a dual-energy engine with an electrical system is also available, with low noise pollution and gas emissions, while also reducing the total cost.
Top 3 Factors Affecting the Telehandlers Market
Sustainable Solutions Encouraging the Utilization of Telehandlers
Enhanced productivity, improved manoeuvrability, and compliance with new regulations are important factors to be considered while manufacturing telehandlers. Besides, to offer low-priced telehandlers, market stakeholders must invest significantly in R&D and develop new cost-effective products. High reliability, new engines with low emissions, and material stiffness are the factors that manufacturers need to focus on.
One of the key drivers in the telehandlers market is that, prominent construction companies are increasingly incorporating sustainable equipment and setting environmental aims to reduce footprint. In Europe and the U.S., companies are more conscious, and government regulations will create significant opportunities for telehandler manufacturers.
Increasing Manufacturing Capabilities Point to Significant Market Growth
The U.S. and China represent the key positions in the global telehandlers market. In recent years, China has become a cradle for the production of telehandlers - not just for domestic manufacturers, but also for established players based outside of China, such as JLG and Genie. Both these companies have well-established manufacturing plants in China, which is promoting the growth of the telehandlers market in the region. Further, Skyjack has been contemplating about its options in China, and expects to open its manufacturing plant in the region in the coming years
Lucrative Construction Industry to Foster Demand Growth
Many manufacturers are aiming to tap into the China and India telehandlers markets, against the backdrop of the opportunistic construction industry in these regions. Subsequently, the sales of compact construction equipment in these regions are expected to remain high in the coming years. However, these regions are not financially developed like the West, but companies have started to offer financial assistance to boost the sales of telehandlers.
Telehandlers Market: Structure Analysis
The global telehandlers market is a consolidated market, wherein, tier 1 companies hold more than 40% revenue share.
Leading players in the telehandlers industry are concentrating on the markets in India, ASEAN, and China, where cost competitiveness and model type are cited to remain strongly differentiating parameters playing a crucial role in strategic developments.
While most of the main participants in the telehandlers market are maintaining a strategic focus on China, North America, and Europe, this report states that, compact telehandlers with new product innovations will place competitors ahead of each other.
Market Set for Robust Growth through 2029The telehandlers market growth looks strong for 2019 and beyond, owing to surge in its adoption for handling complex industrial operations. Increasing establishment of rental companies continues to be a key contributing factor, as rental companies make bulk purchases from leading OEMs. Manufacturers are upgrading their portfolios with easy-to-use and easy-to-maintain telehandlers reap sizeable profits and gain competitive advantages.
Telehandlers - South Asia to Offer Good Grounds for Market Growth
North America will continue being the largest market for telehandlers, given that the region hosts some of the prominent OEMs with ‘industry-best’ portfolios. South Asia is likely to emerge as a high growth region, with emerging countries, such as China, promising new opportunities for the companies in telehandlers landscape.
* This data is only a representation. Actual data may vary and will be available in report.
The Broader Perspective
The telehandlers market is witnessing a profound demand for compact telehandler varieties. Compact telehandlers offer seamless multi-tasking on jobsites and, with multiple attachments mounted on them, offer impeccable versatility and maneuverability. This, in turn, has resulted a massive transition toward compact telehandlers, thereby setting up new opportunities for the telehandler manufacturing companies.
Telehandlers with 30'-60' maximum lift height to remain highly sought-after
Telehandlers with more than 60' maximum lift height to grow at exponential rate
Renting continues to be highly-preferred ownership mode, estimated to account for over 80% revenue share
Demand for telehandlers from construction industry to continue on an upswing
How Growth will Unfold
'Renting over buying' will continue as a prominent trend in the telehandlers market space, as renting makes more sense if the end users are utilizing the equipment for less than 60 percent of the time. However, sales of telehandlers for agricultural and construction applications are likely to soar upwards through 2029. Meanwhile, manufacturers are focusing on fine-tuning their expansion plans, refurbishing their offerings, and entering into definitive alliances, which will help them achieve long-term growth.
Rental Service Providers | End Users
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
Custom Market Research Services
FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.
Telehandlers Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI “Telehandlers Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the Telehandlers market, the growth prospects of the market are obtained with maximum precision.
Telehandlers Market Taxonomy
The global Telehandlers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Lift Height
- Up to 30'
- More than 60'
- Rental Service Providers
- End Use
- North America
- Latin America
- Middle East & Asia
- South Asia
- East Asia
The report commences with the executive summary of the Telehandlers market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Telehandlers market.
Readers can find the detailed taxonomy and the definition of the Telehandlers market in this chapter, which will help them understand the basic information about the Telehandlers market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Telehandlers market report.
This chapter explains the key macro-economic factors that are expected to influence the growth of the Telehandlers market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the Telehandlers market. This chapter also highlights the key market dynamics of the Telehandlers market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the Telehandlers market.
This section explain the global market value analysis and forecast for the Telehandlers market between the forecast periods of 2014-2029 is highlights in this section. This chapter includes the detailed analysis of the historical Telehandlers market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
Based on lift height, the Telehandlers market is segmented into three segment: Up to 30', 30'-60' and more than 60'. In this chapter, readers can find information about the key trends and developments in the Telehandlers market and market attractiveness analysis based on the maximum lift height.
This chapter provides details about the Telehandlers market on the basis of ownership, and has been classified into rental service providers and end use industries. In this chapter, readers can understand the market attractive analysis based on ownership.
This chapter explains how the Telehandlers market will grow across various geographic regions, such as North America, Latin America, Europe, MEA, Japan, South Asia, East Asia and Oceania
This chapter provides information about how the Telehandlers market will grow in the major countries in the North America region, such as U.S. and Canada, during the forecast period 2019 - 2029.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America Telehandlers market. This chapter also includes the growth prospects of the Telehandlers market in the leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the Telehandlers market based on its lift height in several countries, such as Germany, the UK, France, Spain, Italy, Russia, Poland and the Rest of Europe, are included in this chapter.
China, Japan, South Korea are the leading countries in the East Asia region that are the prime subjects of assessment to obtain the growth prospects of the East Asia Telehandlers market in this chapter. Readers can find detailed information about the growth parameters of the Asia Telehandlers market during the period 2019-2029.
This chapter highlights the growth of the Telehandlers market in the East Asia by focusing on ASEAN, India and Rest of South Asia. This section also helps readers understand the key factors that are responsible for the growth of the Telehandlers market in South Asia.
In this chapter, Australia, New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania Telehandlers market.
This chapter highlights the growth of the Telehandlers market in the MEA by focusing on GCC, Turkey, North Africa, South Africa, Rest of MEA. This section also helps readers understand the key factors that are responsible for the growth of the Telehandlers market in MEA.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Telehandlers market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Genie, Wacker Neuson, J.C. Bamford Excavators Limited, JLG Industries, Inc., Manitou BF, Xtreme Manufacturing, MST construction and agricultural machinery industry and trade, MAGNI TELESCOPIC HANDLERS SRL, Bobcat - Doosan Company, etc.,
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Telehandlers report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Telehandlers market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Product Line Managers
- Purchase & Procurement Heads
- Channel Managers
- Sales Executives
- Product Manufacturers
- Traders / Importers
- Raw Material / Component Providers
- Aftersales Service Providers
- Industry Experts
- End Users
- Assemblers / integrators
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and long term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on market projections and validity of assumptions
- Industry Magazines
- Equipment World
- Industry Associations
- Construction Group
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
World Bank, UNIDO, IMF
Primary Interview Splits