Quadintel published a new report on the Global Telehandlers Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Telehandlers Market is valued approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022-2030.
Telehandlers are special heavy-duty construction machineries which are built for material handling and movement. Different accessories can be attached with telehandlers for different requirement. Telehandlers are used in various industries such as construction and agriculture among others.
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Growing Construction industry and rising R&D activities and new product launches are key drivers for the growth of Telehandlers market. For instance, according to Oxford Economics- Global construction output in 2020 was estimated at USD 10.7 trillion and the market is expected to grow by 42% or USD 4.5 trillion between 2020 and 2030 to reach USD 15.2 trillion. Furthermore, in January 2022, JCB has launched a new mid-range 538-70 telehandler for agriculture and construction industry. Also, with the increasing urbanization and rising government spending in infrastructural projects, the adoption & demand for Telehandlers is likely to increase the market growth during the forecast period. However, high manufacturing cost of Telehandlers and global supply chain disruption due to pandemic restrictions impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Telehandlers Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading market players and growing technological advancements in construction machinery in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as increasing government spending in infrastructure development and rapid urbanization in the region would create lucrative growth prospects for the Telehandlers market across Asia-Pacific region.
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Major market player included in this report are:
J C Bamford Excavators Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Furthermore, years considered for the study are as follows:
Target Audience of the Global Telehandlers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
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The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What aspects regarding the regional analysis Market are included in this report?
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