A report from Research and Markets forecasts significant growth in the Global Telehandler market from 2014 through 2018. Analysts see the market growing at a CAGR of 7.84 percent.
Commenting on the report, analysts stated: “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.”
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 and rising competition among vendors has also led to competitive pricing, leading to reduced profitability.
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.