Telehandlers Market to Reach $7.82 Bn, Globally, by 2026, at 4.5% CAGR: Allied Market Research
Growing adoption of new technologies in the agriculture sector, increased investment in the infrastructure industry, and use of telehandlers for solid waste management as well as in recycling plants fuel the growth of the global telehandlers market.
- Growing adoption of new technologies in the agriculture sector, increased investment in the infrastructure industry, and use of telehandlers for solid waste management as well as in recycling plants fuel the growth of the global telehandlers market.
- On the other hand, increase in adoption of forklift and surge in prices of raw materials impede the growth to some extent.
- Based on lifting height, the less than 50 ft segment garnered the major share in 2018, holding nearly two-thirds of the global telehandlers market.
- Significant number of ongoing infrastructure and development projects in China and India has heightened the use of telehandlers in the region.