According to the research report titled ‘Global Telehandlers Market Size study, by Maximum Lift Height (Upto 30', 30' - 60', More than 60) by Ownership (Rental Services, End Use Industries) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global telehandlers market is expected to witness considerable growth through 2028.

The growing construction sector, rising R&D activities, and increasing product launches are some of the key factors driving the expansion of global telehandlers market.

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For the uninitiated, telehandlers are special heavy-duty construction machinery designed for handling and moving materials. Apart from this, the increasing urbanization and rising government expenditure on infrastructural projects are contributing towards the overall market growth.

However, the high manufacturing cost and supply chain disruptions that stemmed due to COVID-19 pandemic are expected to hinder the overall market expansion over the analysis period.

The in-depth analysis of global telehandlers market is designed to assist businesses and other stakeholders in adding more value to their strategic planning process. The report also offers a detailed overview of the multiple market segmentations to impart a solid understanding of the overall market's revenue prospects.

In terms of maximum lift height, the market is divided into more than 60, 30-60, and up to 30. With respect to the ownership spectrum, the telehandlers industry is bifurcated into end-user industries and rental services.

The geographical reach of this business vertical extends to North America, Asia-Pacific, Europe, along with Latin America with key emphasis on the U.S., Canada, U.K., Germany, France, Italy, Spain, India, China, Japan, South Korea, Brazil, Australia, and Mexico, and the rest of the world.

The report claims that North America is expected to hold the largest market share in the forthcoming years, owing to the presence of leading players and technological breakthroughs in construction machinery.

Whereas Asia-Pacific market is anticipated to exhibit the highest growth rate over the forecast period 2022-2028, primarily ascribed to increasing government expenditure on infrastructure development and rapid urbanization.

The major companies operating in the global telehandlers market are CLAAS KGaA mbH, Doosan Corporation, Magni Telescopic Handlers S.R.L., J C Bamford Excavators Ltd., Manitou BF SA Ltd., Linamar Corporation, JLG Industries Inc., Haulotte Group, Genie Ltd., and Danfoss Industries Pvt Ltd.