Future Market Insights (FMI) predicts that the global telehandler market will increase by 4.7% annually in 2022, reaching a value of about US$ 4,210.6 Mn by the year’s end. The demand for telehandlers in infrastructure and construction development projects is increasing. Telehandlers are used by customers in the manufacturing, mineral processing, and mining industries. They have a wide range of applications and the ability to hold a variety of attachments.

The need to shorten the time required for maintaining industrial machinery like overhead cranes is driven by the growing automation of industries. The market for telehandlers expands as a result. Between 2022 and 2030, there is expected to be a significant value CAGR of 5.1% in the global telehandler market.

According to FMI, the global telehandler market is dominated by North America, who also notes that Europe is a close second due to its organised participants and significant share. By the end of 2030, North America and Europe are anticipated to have a combined revenue share of 70.6% of the global market.

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https://www.futuremarketinsights.com/reports/telehandlers-market