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Report Overview
The global telehandler market reached a value of nearly USD 5.50 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 3.3% to reach about USD 6.96 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Growing Constructional Activities to Fuel the Market Growth of Telehandler
The telehandler market across the globe is expected to witness robust growth over the coming years. Factors contributing to market growth are the increasing construction field expenditures, rising spending on the agriculture telehandler industry, and the surging adoption of telehandlers. The rising usage of telehandlers by suppliers and manufacturers is likely to generate enormous growth opportunities for the market.
Technological advancements in telehandlers like better turning radii, improved load capacities, single boom auxiliaries, and pick-and-carry features, among others are likely to fuel the market growth. The rising awareness among consumers regarding the environment has created the demand to decrease pollution. Operations and logistics have boosted the demand for eco-friendly logistics solutions, correspondingly propelling the market growth rate of suitable telehandlers.
Telehandler Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market at a global level attained a value of nearly USD 5.50 billion.
The market is assessed to grow at a CAGR of 3.3% between the forecast period of 2024 and 2032.
Over the forecast period of 2024-2032, the market is estimated to witness healthy growth, reaching almost USD 6.96 billion by 2032.
The major market drivers are surging industrialisation, and rising investment in agricultural activities.
The key market trends include rapid growth construction industry and increased expenditure on the construction along with technological advancements.
The major regions in the market are Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
The various products in the market include compact telehandler and large telehandler.
The major types in the market includes rotating and non-rotating.
The various ownership models in the market include rental and personal.
The different heights in the market are less than 50 ft and 50 ft and above.
In the market, the various capacity categories available are below 3 tons, 3-10 tons, and above 10 tons.
The various applications include construction, agriculture, forestry, mines and quarries, and transport and logistics, among others.
The major players in the market are Dieci s.r.l., Manitou Group, JLG Industries, Inc., Liebherr-International Deutschland GmbH, JCB Group, Caterpillar, and Doosan Bobcat, among others.
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