The telehandlers market share for construction industry is expected to increase by USD 478.74 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 5.64%.

This telehandlers market research report for construction industry provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers telehandlers market segmentation for construction industry by application (building and infrastructure) and geography (North America, Europe, APAC, MEA, and South America). The telehandlers market report for construction industry also offers information on several market vendors, including Caterpillar Inc., CNH Industrial NV, Deere & Co., Doosan Bobcat Inc., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International Deutschland GmbH, Manitou Group, Oshkosh Corp., and Terex Corp. among others.

What will the Telehandlers Market Size for Construction Industry be During the Forecast Period?

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Telehandlers Market for Construction Industry: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing use of modular design is notably driving the telehandlers market growth for construction industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the telehandlers market for construction industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Telehandlers Market Driver for Construction Industry

Vendors are increasingly introducing modularity in their designs of telehandlers. Modularity allows various construction equipment such as telehandlers and backhoe loaders to share common assemblies and subassemblies. Thus, modularity results in the standardization of manufacturing processes, increased production flexibility of equipment, assemblies, and subassemblies; and improved product quality. Modularity also reduces production costs as vendors can achieve the benefits of economies of scale. Modular designs reduce the go-to-market time, which is the time elapsed between the conception and production of new models of telehandlers, and new telehandlers can be rapidly launched in the market. Modularity also reduces aftermarket challenges as increased standardization and decreased variations between different construction equipment reduces investments required to train employees while simultaneously improving the quality of service (QoS) and maintenance. The quality of aftermarket support is one of the key decision criteria for buyers of telehandlers. Therefore, many vendors are expected to adopt a modular design during the forecast period to gain a competitive advantage in the market. 

This telehandlers market analysis report for construction industry also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Who are the Major Telehandlers Market Vendors for Construction Industry?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Caterpillar Inc.
• CNH Industrial NV
• Deere & Co.
• Doosan Bobcat Inc.
• J C Bamford Excavators Ltd.
• Komatsu Ltd.
• Liebherr-International Deutschland GmbH
• Manitou Group
• Oshkosh Corp.
• Terex Corp.

This statistical study of the telehandlers market for construction industry encompasses successful business strategies deployed by the key vendors. The telehandlers market for construction industry is fragmented and the vendors are deploying growth strategies such as distinguishing their product and service offerings through a clear and unique value proposition.to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The telehandlers market forecast report for construction industry offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Telehandlers Market for Construction Industry?

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43% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for telehandlers for construction industry in North America. Market growth in this region will be faster than the growth of the market in South America.

The high growth of the industrial sectors such as oil and gas, and petrochemicals will facilitate the telehandlers market for construction industry growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Telehandlers Market for Construction Industry?

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The telehandlers market share growth for construction industry by the building segment will be significant during the forecast period. Telehandlers are used in the construction of residential, commercial, and industrial buildings for applications like landscaping, unloading, lifting, and hauling of material and equipment. The use of compact and medium-sized telehandlers are more common than the use of large telehandlers in the construction of buildings. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the telehandlers market size for construction industry and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Telehandlers Market Report for Construction Industry?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive telehandlers market growth for construction industry during the next five years
• Precise estimation of the telehandlers market size for construction industry and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the telehandlers market for construction industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of telehandlers market vendors for construction industry 

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