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Global Telehandler Market 2018-2022 | Modularity of Telehandlers to Augment Growth | Technavio

October 3, 2018

LONDON--(BUSINESS WIRE)--Oct 3, 2018--The global telehandler market is expected to post a CAGR of nearly 6% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global telehandler market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing need for bulk material handling in agriculture and livestock farming. Agriculture yield has been increasing steadily across the world. The use of high-yield crops such as genetically modified crops, improvements in irrigation practices, and the rising use of fertilizers and information technology services have increased the agricultural yield per hectare of all major crops. The rising volume of agricultural produce increases the need for telehandlers for agriculture applications. Telehandlers are preferred over tradition tractor loaders and wheeled loaders in agriculture applications as they have extendable arms or booms, which enable the loading of high-sided trucks and trailers.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the modularity of telehandlers as one of the key emerging trends in the global telehandler market:

Global telehandler market: Modularity of telehandlers

Some of the players in the market are using modular designs to manufacture telehandlers. Modularity allows various construction equipment such as telehandlers to share common subassemblies, which results in the standardization of the manufacturing process and improves production flexibility and product quality. Modularity also reduces production costs as players realize the benefits of economies of scale.

“Modular designs also reduce the time elapsed between the conception and production of telehandlers. Hence, products can be launched quickly in the market. Modularity also reduces aftermarket challenges as fewer variations between different construction equipment reduces the investments required to train employees. At the same time, the quality of service and maintenance also improves due to commonality between different machines,” says a senior analyst at Technavio for research on automotive manufacturing.

Global telehandler market: Segmentation analysis

This market research report segments the global telehandler market by applications (construction, agriculture, and industrial) and geographical regions (APAC, EMEA, and the Americas).

The construction segment held the largest market share in 2017, accounting for nearly 42% of the market. This application segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 51%. This region is expected to dominate the market through 2022, however there will be a decrease in its market share by nearly 1%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005853/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING NATURAL RESOURCES AGRICULTURE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 10/03/2018 03:47 PM/DISC: 10/03/2018 03:47 PM

http://www.businesswire.com/news/home/20181003005853/en

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