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Telehandler Market Trends

Report ID: GMI4788
Published Date: Aug 2023
Report Format: PDF

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Telehandler Market Trends

In terms of market trends, automation and electrification are at the forefront. The integration of automation technologies like robotics and remote control systems aims to enhance operator safety and productivity. In addition, the transition toward electric telehandlers is gaining traction, propelled by environmental concerns and the need for quieter and emission-free operations. This shift aligns with the broader trend of sustainability, prompting manufacturers to invest in R&D of electric telehandler variants with competitive performance metrics. Furthermore, the adoption of advanced materials and manufacturing techniques is enabling the production of telehandlers that are lighter yet more robust, contributing to better fuel efficiency and reduced maintenance costs.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of telehandler is predicted to witness more than 11% CAGR from 2023 to 2032, backed by the rising emphasis on construction activities, both in developing and developed economies, resulting from urbanization and infrastructure projects.

The electric telehandler industry size will cross USD 2 billion by 2032, on account of the increasing environmental concerns and stricter emission regulations.

North America market valuation for telehandler has demonstrated resilience and is anticipated to surpass USD 4 billion by 2032, as the United States and Canada are witnessing significant construction activities, including residential, commercial, and infrastructure projects.

Hunan Sinoboom Heavy Industry Co. Ltd., JCB, Tadano, Haulotte Group, Doosan Infracore Co. Ltd., Skyjack, Terex Corporation, Zoomlion Heavy Industry Science and Technology Co., Ltd., Snorkel, JLG Industries, Manitou Group, and Socage Srl.