Telehandlers Market for Construction Industry to Grow at 5.17% CAGR During the Period 2017-2021

Marketsizeforecasters.com adds new 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 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. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Technavio Analyst

Analysts from Technavio regularly contribute to the news section on MarketSizeForecasters.com. Technavio is a leading market research company with global coverage. Their research and analysis focus on emerging market trends to help businesses identify market opportunities and develop effective strat...

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