A telehandler, also known as a telescopic handler, is a lifting
machine widely used in the Agriculture and industry. A hybrid of crane
and forklift, it has a single telescopic boom which can extend forwards
and upwards from the vehicle. Telehandlers have several attachments,
like winch, pallet forks, muck grab, or bucket, and can be used for
material handling, digging trenches, personnel elevation, and
underground mine baskets. These benefits have helped manufacturers
develop vast product portfolios that are pleasing to their customers,
safe, and add value. Telehandlers are widely used in Construction,
Agriculture, Industry, Mines and Quarries, Environment, Logistics, and
Other markets. The growth of customer segments and rising demand for
fuel-efficient vehicles is bringing a radical change to the Global
Telehandler market.
Analysts forecast the Global Telehandler market will grow at a CAGR of 7.84 percent over the period 2013-2018.
The
Report recognizes the following companies as the key players in Global
Telehandler Market: Caterpillar Inc., J.C. Bamford Excavators Ltd, JLG
Industries Inc., Manitou BF SA, Bobcat Company Inc., CNH Industrial NV,
Doosan Infracore Co. Ltd, Haulotte Group SA, Komatsu Ltd,
Liebherr-InternationalDeutschland GmbH, Skjack Inc., Terex Corp., Volvo
Construction Equipment Corp., Wacker Neuson SE, XCMG Construction
Machinery Co. Ltd.
To improvise the productivity, the latest
construction equipment technology is an attraction to many organizations
across the industry. However, some SMEs find it difficult to buy such
equipment because of the high cost. Thus, there is a high growth in the
Rental Construction Equipment market. The rental fleets form the largest
Customer segment for the Telehandler market. With increased
collaboration among construction equipment manufacturers and rental
fleet owners, the products are being designed as per the customer need.
Several telehandler manufacturers are entering into agreements with
rental fleet owners to supply
telehandlers.
Covered in this Report
The
Global Telehandler market can be categorized into seven segments;
namely Construction, Agriculture, Industry, Mines and Quarries,
Environment, Logistics, and Other markets.
Global Telehandler
Market 2014-2018, has been prepared based on an in-depth market analysis
with inputs from industry experts. The report covers the Americas, and
the EMEA and APAC regions; it also covers the Global Telehandler market
landscape and its growth prospects in the coming years. The report also
includes a discussion of the key vendors operating in this market.
According
to the report, the Global Telehandler market is driven by several
factors, including the expansion of the Rental Equipment business. The
latest construction equipment technology with the ability to improve
productivity is an attraction to many organizations. But because of the
high cost, some SMEs find it difficult to buy such equipment. This has
led to the growth of rental equipment businesses.
Further, the
report states that the need for continuous support and maintenance is a
major concern for telehandler manufacturers. Rising input costs lead to
increased operational costs. Rising competition among vendors has also
led to competitive pricing, leading to reduced profitability.
