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NEW YORK, Jan. 25, 2021 /PRNewswire/ Award winning market research company Fact.MR s recently published aerial work platforms market projects a substantial increase in 2021 over 2020, as the world recovers from the pandemic crisis, leading to a reinvigoration of the construction industry. A stable CAGR is likely for the next 10 years, representing a positive growth outlook.
As per Fact.MR s projections, over half of the global aerial work platforms revenue is expected to be generated by boom lifts. Applications have increased in the wake of rapid infrastructure development such as power and telephone lines, with current projections estimating a valuation of nearly US$ 3 trillion by 2021-end. Hence, manufacturers are investing in intensive research and development programs to dole out new product lines equipped with precision-based solutions.
Telehandlers Market 2021 Industry Size, Share, Growth Insights, Future Scenario, Developments Trends, Top Key Players, Segmentation and Forecast Research
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ResearchAndMarkets.com s offering.
The global telehandler market grew at a CAGR of around 5% during 2014-2019. A telehandler, or telescopic handler, refers to a versatile lifting machine that can be converted to crane equipment for grabbing and clamping construction material. It is fitted with various attachments, such as pallet forks, winches, muck grabs and buckets to lift and move heavy industrial pipes, buckets, cartons and construction materials, and dig trenches and underground mines. It offers various advantages, such as suitability for on-road and off-road driving, high load capacity, flexibility and high loading height. As a result, it finds extensive applications across various industries, including construction, agriculture and mining.
Telehandler Market 2020 - Rising Trends, Segmentation and Competitive Strategies to 2026
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