Telehandler Market Key Players, Trends, Growth Opportunities
and Industry Forecast till 2023
“The market recently saw major industry due to the
growing investment by government authorities and private
bodies for public & commercial infrastructure,
particularly in the developing economies across the globe.”
The global telehandler market is subject to witness a substantial growth due to the substantial investment by
industry participants coupled with increasing adoption from industrial sector. Telehandlers are commonly
identified as material handling equipment (MHE) with telescopic booms. Increasing adoption of telehandlers to
perform complex industrial operation such as lifting specified weights up to specified heights is expected to
drive the growth of the market. Globally, the market is predicted to generate massive revenue over next seven
years, providing numerous opportunities for market players to invest for research and development in the
telehandler market.
The market recently saw major industry due to the growing investment by government authorities and private
bodies for public & commercial infrastructure, particularly in the developing economies across the globe.
Additionally, shifting trend towards rental services of heavy-duty machinery has led to high-end demand for
telehandler tools in the past few years. Recent advancement in energy & power sector has led to development
of the cost effective solution in the telehandler market.
Increasing demand from residential and commercial sector coupled with robust growth in construction industry
has led to the soaring demand for telehandler machinery or equipment. In addition, rapid urbanization and
industrialization, majorly in developing economies such as India and China is expected to trigger market growth
over the forecast period. Massive funding from local government to cater demands of ever-growing population
is predicted to drive market expansion in the upcoming years.
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