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Telescopic handlers have been used for multiple purposes across different industries like agriculture, warehousing operations, and docks. In the historical period 2016-2020, telescopic handlers have seen great demand from mainly the Asia Pacific region due to high growth rates in industrialisation across major economies which also have high populations. This can also be attributed to the rise in the total number of skilled labour and rise in investments from both the private sector as well as the public sector. Normally, telescopic handlers are used for specific applications like power booms, rotators, and grain buckets, however the advent of advanced technologies have improved the quality of these telescopic handlers to be multi-functional, leading to greater demand, in spite of availability of alternatives in the market. The growth rate is expected to be high in North America in the forecast period 2021-2026 as a result of high demand for hybrid telescopic handlers, despite the high amounts of investments required.
Caterpillar Inc (NYSE: CAT) is an American multinational company which is a major player in telescopic handler market. As a Fortune 100 company, the company is also known for its other construction equipment and machinery. Recently, the company acquired an oil and gas company called Weir Oil and Gas, whose supply chains and leads are expected to give the telescopic handlers market an impetus.
Market Analysis by Type, Technology, Lift Height, Lift Capacity, End-Use and Region:
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The major players in the global telescopic handlers market are JCB Manufacturing Inc., Bobcat company, Manitou Group, Liebherr International Deutschland GmbH, Caterpillar Inc., and Deere and Company, amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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