"Catapult Your Business to Fore, Gain Competitive Advantage "
The global telescopic handlers market size stood at US$ 5,332.7 Mn in 2018 and is projected to reach US$ 9,596.9 Mn by 2026, exhibiting a CAGR of 7.6% during the forecast period (2019 – 2026)
The global market is driving the overall market growth owing to the technological advancement in infrastructure development. Investments in telescopic handlers with heavy load-bearing capacity and high- reach facility is increasing in the emerging economies. For instance, JCB has launched a wide range of telescopic handlers in India, with lift height ranging from 7-17 meters owing to the increasing demand from the infrastructural sector is emerging in India.
The major players of the market are investing in R&D for up-gradation of telescopic handlers, and to provide efficient handling equipment. For example, Manitou upgraded its combustion engine telescopic handler (MT 1135) to a hybrid telescopic handler. The growing demand for aerial platform equipment is further expected to drive the global telescopic handlers market in the near future.
Request a Free sample to learn more about this report.
Governments and local authorities from across the world are encouraging usage of renewable energy by introducing efficient and environment-friendly techniques for industrial as well as household applications. For example, Europe’s National Energy & Climate Plans (NECPs) regulated the Clean energy law, under which the major European players are manufacturing eco-friendly engines for the telescopic handlers. Both hybrid and electric telescopic handlers demand increased from various applications including construction, manufacturing, and agriculture industries. The growing investment in the manufacturing sector is expected to result in the popularity of telescopic handlers, thus resulting in the growth of the global market. As per the statement of the European Commission (EU), Europe invested approximately US$ 35 Million in the manufacturing sector in 2016-2018.
"Electric engine technology is expected to emerge as the most preferred technology in Telescopic Handlers Market"
Upgradation to electric engines in telescopic handlers is increasing as a result of increasing stringent environmental policies. For instance, India’s National Clean Air Program (NCAP) launched in 2019, gives subsequent information on how to prevent, control, and reduce air pollution. Furthermore, electric engines in the telescopic handlers reduce CO2 emissions on construction sites, leading to a green working environment. Thus, the increasing demand for green products by environmentally concerned consumers is expected to help in the electric telescopic handlers market growth. Furthermore, the adoption of upgraded telescopic handlers reduces labor costs, thus tracks the work done in every stage, and minimizes operational costs. Moreover, high lift telescopic handlers are gaining demand as construction projects are emerging in developing countries. For example, Faresin Industries Spa introduced a high technological telescopic handlers electric model at Bauma, that has a lifting height of 6-17 meters with a loading capacity of 2.6-7 tons.
To know how our report can help streamline your business, Speak to Analyst
Major market players are investing in construction projects, thus leading to an increase in the demand of telescopic handlers. As per the research, in Asia Pacific, construction projects worth US$ 19.12 million by Larsen & Turbo were initiated in 2017; this, in return, is expected to drive the global market. As per the research, APAC is the fastest-growing region in the telescopic handlers market as there are emerging economies, followed by Europe and then North America. Europe has a clear trend for the growth of smaller telescopic handlers such as skid steer handlers or compact wheeled handlers, mostly in the agricultural sector. Lifting capacity and lifting height play a major role while selecting a telescopic handler for industry according to its applications. For example, Genie, a Terex brand introduced a new telescopic handler model Genie GTH- 1256, that has a high lift capacity of 5443 Kg (12,000 lb) and lift height of 17 meters (56 ft.) useful for construction, manufacturing, and transport industry.
North America Telescopic Handlers Market, 2018
To get more information on the regional analysis of this market, Request a Free sample
The report on telescopic handlers provides qualitative and quantitative insights on the construction equipment industry where telescopic handlers play a major role in the market and detailed analysis of market size & growth rate for all possible segments in the market. The global market is segmented by technology and end-user industry on global as well as regional level. Based on technology, the global market is categorized into a hybrid, electric, and combustion telescopic handlers. Based on the end-user industry, the market is drilled down into construction, agriculture, manufacturing, transport & logistics, and power utilities. Geographically, the telescopic handlers market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The regions are further categorized into countries.
To gain extensive insights into the market, Request for Customization
Along with this, the report on telescopic handlers provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights provided in the report on telescopic handlers are the prevalence of recent industry developments such as mergers & acquisitions, consolidated SWOT analysis of key players and key industry trends.
By Lift Height
By Lift Capacity
By End-User Industry
In 2018, the global telescopic handlers market was valued at USD 5.33 Billion.
In 2026, the global telescopic handlers market is expected to reach USD 9.59 Billion.
The telescopic handlers market is projected to grow at a CAGR of 7.6% during the forecast period (2019-2026).
Electric segment is expected to lead the telescopic handlers market during the forecast period.
Adoption of automated telehandlers in construction, manufacturing and logistics sectors. The technological advancement and new product development along with the features of the product such as compactness are expected to drive the telescopic handlers market.
Manitou BF, JC Bamford Excavator Ltd, Caterpillar, Terex Corporation and Komatsu Ltd are the top players in the global telescopic handlers market. These players are focusing on technological advancements and product portfolio enhancement.
Asia Pacific is expected to hold the highest telescopic handlers market share owing to an increase in manufacturing, construction, and mining industries. The increasing adoption in agriculture and logistic is further expected to drive the telehandlers industry in near future.
Construction is the major end-user industry to adopt telehandlers.
Compactness, automation and technological advancements are the trends prevailing in the telehandlers industry.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry