Europe & APAC Small Telehandler Market Flourished over Recent Years, Says Market Research Future in Its Study Available at MarketPublishers.com06 Feb 2017 • by Natalie Aster
LONDON – The global market for telehandlers has been flourishing over the last decade, and this trend stemmed from the rise in the spending on construction, mining activities and infrastructure. Technological advancements and the customer segment growth are other factors favoring the growth.
Yet, high operational and maintenance costs associated with telehandlers hamper the growth. The European and APAC market for small telehandlers has a total value of approximately USD 55 billion as of 2015.
In terms of capacity, the 4.1 to 5 ton capacity is set to showcase the highest CAGR of around 5% over the period 2016-2020. In terms of application, the construction segment owned a market share of over 50% in 2015.
In APAC, China is the largest small telehandler market. It is set to maintain this position in the offing. This country is forecast to increase its production volume by more than 4%annually to amount to slightly over 4,720 units by 2020. The 4.1 to 5 tons segment held the biggest share in the Chinese marketplace. This segment is forecast to grow at a CAGR of around 6% in the coming years.
In-demand research report “Europe and Asia Pacific small telehandler production report - Forecast to 2020” drawn up by Market Research Future offers a comprehensive discussion of the small telehandler marketplace in Europe and APAC. The study starts with a thorough overview of this space.
It analyzes the market on the basis of an array of factors: applications, capacities and countries. It covers the following countries: China, France, Germany, the U.K., and Eastern European countries. Forecasts through 2020 are on hand in the report, too.
- detailed market outlook;
- investigation of factors impacting this space;
- historical and forecast revenue data;
- data on capacities;
- coverage of major countries;
- future outlook;
- and more.
More insightful studies by Market Research Future can be found at its page.