The global telehandlers market accounted at $5,433.9m in 2018, and the market is expected to reach at $7,821.4m by 2026. The market is projected to grow at a CAGR of 4.5% during the forecast period 2019-2026. The market is expected to witness growth owing to various driving factors such as growth in construction industry, technological advancements in the tools of construction equipment and machinery, increasing adoption of technologically advanced machineries in the agriculture and construction industry for the long-term.
The global telehandlers market consists of participation of major market players in the market, these players are adopting competitive strategies to withhold the market position and gain majority of market share. Some of the top major players in the market are:
Wacker Neuson SE
Wacker Neuson SE was founded in 1848 with its headquarters in Germany. The company majorly design products for agricultural and construction industries, landscaping, recycling companies, industrial firms, municipal bodies and gardening. It is majorly a manufacturer of compact construction machines and light construction equipment.
The company majorly operates in three segments: Compact Equipment, Services and Light Equipment. Among these segments, Light Equipment segment covers converters trowels, internal and external vibrators, rammers, rebar technology, vibratory plates, rollers, electric breakers, generators and pumps. Whereas, the compact equipment portfolio consists of skid steer loaders, excavators, track dumpers, telescopic handlers and others. Lastly, the service segment of the company consists of after-sale activities and rental services.
The Company operates in the Asia-Pacific, the Americas and Europe region.
Doosan Infracore Co. Ltd.
Doosan Infracore was founded in year 2000 and the company is based in South Korea. The company is primarily engaged in the distribution and manufacturing of construction heavy machineries.
The company majorly operates in three segments (along with its subsidiaries): Bobcat Segment, Engine Segment and Construction Machinery Segment. Among these segments, Bobcat Segment include manufacturing of compacts such as compact track loaders, portable powers such as generators and air compressors, mini excavators, skid steer loaders and heavy excavators. Whereas, engine segment include distribution and manufacturing of generators, and engines and its parts for buses, commercial vehicles and land vehicles. In the Construction Machinery Segment, the manufacturing of excavator and its parts and wheel loaders are included.
Terex Corporation was founded in 1970 and based in the United States. The company is a manufacturer of material processing and lifting products and services. It is also involved in delivering solutions for wide range of industries that include manufacturing, construction, mining, energy, transportation, shipping, refining, utility, and infrastructure industry.
The company majorly operated in two segments: Materials Processing (MP) and Aerial Work Platforms (AWP). MP segment include marketing, manufacturing and designing of specialty and material processing equipment. In the AWP segment, equipment such as utility equipment, light towers, telehandlers and aerial work platform equipment were included.
Apart from these, there are some other major players included in the research report such as:
- Bamford Excavators Ltd.
- Linamar Corporation
- Oshkosh Corporation
- Manitou Group, J.C.
- CNH Industrial
- Liebherr Group
Mentioned companies are active players in the global market and adopting competitive strategies to withhold the market position and gain a competitive advantage over others. Along with company profiling, a research report by Report Ocean also covers various market dynamics, analysis related to geographies and market segmentation’s, market sizing and other analytical sections in the report.