Global Telehandlers Market for Construction Industry 2017-2021
About Telehandlers Market for Construction Industry
A telehandler, also called a telescopic handler, is a machine that is used to lift loads in agricultural, construction, environment, logistics, and mining and quarrying industries. Apart from lifting loads, this machine can be used for material handling, digging trenches, and elevating personnel and underground mine baskets.
Technavio’s analysts forecast the global telehandlers market for construction industry to grow at a CAGR of 5.17% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global telehandlers market for construction industry for 2017-2021. To calculate the market size, we have considered the revenue generated from sales of new telehandlers worldwide in 2016.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Telehandlers Market for Construction Industry 2017-2021
Technavio recognizes the following companies as the key players in the global telehandlers market for construction industry: Genie, J C Bamford Excavators, JLG Industries, Manitou and MERLO.
Other Prominent Vendors in the market are: Caterpillar, Liebherr, Skyjack, HAULOTTE GROUP, CNH Industrial, Doosan Infracore, Bobcat Company, Komatsu, Weidemann, Volvo Construction Equipment, XCMG Group, Manitou Group, SENNEBOGEN, DIECI, Wacker Neuson, CLAAS, Pettibone Traverse Lift, DEUTZ-FAHR and Kramer-Werke GmbH.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased adoption of hybrid telehandlers. Challenges with the availability of fossil fuels have prompted manufacturers to develop new technologies such as hybrid telehandlers and electric telehandlers. As telehandlers can be used for various operations, manufacturers have been constantly upgrading and innovating to improve their fuel efficiency.”
According to the report, one driver in the market is growth in infrastructure development. Infrastructure development has a direct impact on various sectors of the global economy. The need for better infrastructure leads to a high demand for telehandlers, as they can be useful in a wide range of construction activities. The worldwide construction industry is continuously recovering after having gone through a long period of slowdown in the wake of the financial crisis.
Further, the report states that one challenge in the market is lack of skilled and qualified telehandler operators. Although telehandlers are versatile equipment, they have limitations. With their reach and capacity increasing, many accidents have taken place due to improper use of the equipment. There is dubiety in training and safety standards of telehandlers, which has increased the risk of hazardous accidents. Equipment dealers and contractors are reporting a shortage of skilled manpower. This is directly affecting their productivity.
Genie, J C Bamford Excavators, JLG Industries, Manitou, MERLO, Caterpillar, Liebherr, Skyjack, HAULOTTE GROUP, CNH Industrial, Doosan Infracore, Bobcat Company, Komatsu, Weidemann, Volvo Construction Equipment, XCMG Group, Manitou Group, SENNEBOGEN, DIECI, Wacker Neuson, CLAAS, Pettibone Traverse Lift, DEUTZ-FAHR and Kramer-Werke GmbH.
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