Telescopic Forklift Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Market Overview
The telescopic forklift market, often referred to as the telehandler sector, represents a critical segment of the broader material handling and construction equipment industry. Telescopic forklifts are versatile lifting machines that combine the capabilities of a forklift and a crane, making them indispensable in construction, agriculture, mining, quarries, and industrial logistics. Their ability to handle heavy loads at extended heights and reach in challenging terrains has positioned them as a preferred solution in projects where flexibility and productivity are essential.
In 2024, the global telescopic forklift market size was valued between USD 3.8 billion and 6.1 billion. The market is anticipated to expand steadily over the forecast period 2025–2030, with an estimated CAGR ranging between 4% and 7%. Growth is expected to be driven by rising infrastructure investments, agricultural mechanization, expansion of mining activities, and increasing adoption of advanced, fuel-efficient, and electric telehandlers. Additionally, safety regulations and the push toward sustainable equipment solutions are accelerating the demand for electric and hybrid models.
Application Analysis and Market Segmentation
● Construction: The construction sector is the largest application area for telescopic forklifts, particularly in large infrastructure projects, residential building, and industrial facility development. Demand is reinforced by the machine’s ability to move materials across rough terrains and vertically at multiple stories. Growth in this segment is forecast at 5% to 7%, aligned with increasing global construction spending and urban development projects.
● Agriculture: Telehandlers are increasingly replacing traditional loaders and tractors in large-scale farming due to their ability to lift and stack heavy hay bales, transport feed, and perform multiple tasks with interchangeable attachments. Growth in this segment is projected at 4% to 6%, driven by farm modernization and demand for multi-functional equipment.
● Industrial: In warehousing, manufacturing, and logistics, telescopic forklifts offer efficiency for loading, unloading, and stacking in environments that demand higher reach and compact maneuverability. Growth in this segment is expected at 3% to 5%, reflecting steady industrial expansion and e-commerce-driven logistics growth.
● Mines and Quarries: Heavy-duty telehandlers are employed in mining and quarry operations for transporting materials, maintaining equipment, and handling rugged conditions. With increased investment in resource extraction and safety requirements, growth is anticipated at 4% to 6%.
Regional Market Distribution and Geographic Trends
● Asia-Pacific: Asia-Pacific represents the largest growth hub, led by China and India’s infrastructure investments, alongside significant demand from agriculture and mining. Japan and South Korea contribute advanced engineering and electric telehandler development. Market growth is expected at 5% to 8%.
● Europe: Europe remains a technology leader in telehandler design, with strong adoption of hybrid and electric machines. The EU’s push for sustainability in agriculture and construction has driven demand. Countries such as Germany, France, and Italy are major users. Growth is expected at 4% to 6%.
● North America: The U.S. and Canada benefit from robust construction activity, a modernizing agricultural sector, and strong demand in the industrial segment. The growing adoption of electric telehandlers is also significant in this region. Growth is projected at 4% to 6%.
● Rest of the World: Latin America, the Middle East, and Africa are emerging regions with increasing demand in agriculture, mining, and infrastructure. Countries like Brazil, South Africa, and Saudi Arabia are expected to see higher telehandler penetration. Growth is forecast at 3% to 5%.
Key Market Players and Competitive Landscape
● JLG: A global leader in access and lifting equipment, JLG offers a wide range of telehandlers with advanced safety features and electric models. The company’s expansion into battery-powered telehandlers reflects its focus on sustainability.
● JCB: Known for pioneering telehandler design, JCB remains a market leader in agriculture and construction applications. Its innovation in fuel efficiency and operator comfort continues to drive competitiveness.
● Caterpillar: Caterpillar leverages its global footprint and strong distribution channels to deliver durable and versatile telehandlers, particularly suited to construction and mining operations.
● Doosan: With a strong presence in heavy equipment, Doosan integrates power efficiency and reliability into its telehandler offerings, catering to industrial and construction customers.
● CNH: Through its Case and New Holland brands, CNH supplies telehandlers to agriculture and construction markets, emphasizing versatility and attachment compatibility.
● Manitou: A specialist in material handling, Manitou offers a broad telehandler portfolio tailored to agriculture, construction, and industrial uses, with a growing focus on electrification.
● Terex: Terex’s telehandlers serve construction and infrastructure projects, recognized for robust designs suitable for demanding environments.
● Merlo: A European telehandler manufacturer, Merlo is renowned for technological innovations such as compact dimensions and eco-friendly powertrains.
● Claas: Focused on agriculture, Claas integrates telehandlers with its farming machinery ecosystem, delivering efficiency and compatibility for large-scale farms.
● Dieci: Italian manufacturer Dieci provides specialized telehandlers for construction, agriculture, and mining, with a reputation for customization and flexibility.
● Wacker Neuson: Known for compact equipment, Wacker Neuson’s telehandlers are widely used in urban construction and industrial applications.
● Liebherr: Leveraging its engineering expertise, Liebherr develops heavy-duty telehandlers with advanced safety and automation systems.
● Skyjack: A global provider of access equipment, Skyjack offers telehandlers that prioritize operator safety and simplified maintenance.
● Haulotte: Haulotte complements its aerial work platform business with telehandlers designed for construction and industrial use, increasingly focusing on hybrid models.
● Sany: As a major Chinese construction equipment manufacturer, Sany’s telehandlers are gaining global market presence, especially in emerging markets.
● XCMG: XCMG produces telehandlers with strong cost competitiveness, targeting construction and mining in Asia, Africa, and Latin America.
● Sunward: Sunward’s telehandlers focus on compact design and affordability, supporting construction and agriculture in emerging markets.
Downstream Processing and Application Integration
● Integration with advanced attachment systems to expand versatility across applications.
● Adoption of telematics and IoT-enabled fleet management for predictive maintenance.
● Alignment with sustainability trends through hybrid and electric powertrains.
● Increased compatibility with construction and agricultural automation solutions.
● Development of compact models for urban construction and indoor industrial operations.
Opportunities
● Rising infrastructure investments in Asia-Pacific and North America.
● Increasing mechanization of agriculture driving adoption of multifunctional telehandlers.
● Technological advancements enabling electric and hybrid telehandler deployment.
● Growth in e-commerce fueling demand for efficient warehouse and logistics solutions.
● Expansion of mining and quarry activities requiring rugged material handling equipment.
Challenges
● High upfront costs compared to traditional forklifts and loaders.
● Competition from alternative lifting solutions limiting adoption in some sectors.
● Supply chain disruptions impacting component availability and pricing.
● Training requirements for operators due to machine complexity.
● Regulatory challenges associated with emission standards in construction equipment.
Recent Market Developments
October 2, 2024: JLG launched a North American version of Ausa’s 4 metre/1,600kg T164E battery-powered electric telehandler, rebranded as the JLG E313. This marked a significant step toward electrification in the North American market.
April 7, 2025: Magni Telescopic Handlers debuted new models at Bauma, including the TH 3,5.7 and TH 3,5.9 telehandlers. These models expanded Magni’s portfolio with enhanced lifting capacity and compact dimensions, targeting construction and industrial users.
May 21, 2025: Dutch aerial lift and telehandler distributor HDW acquired Kwak Hoogwerker Centrum, a distributor of Ruthmann truck mounts and Bluelift spider lifts. This acquisition expanded HDW’s distribution footprint across Europe, strengthening access to telehandlers and related lifting solutions.
July 29, 2025: Burwell Material Handling announced the acquisition of W\.E. Johnson Equipment Company, a material handling equipment dealer in Florida. This expanded Burwell’s national footprint to 20 branches, reinforcing its position in the U.S. market.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Telescopic Forklift Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Telescopic Forklift by Region
8.2 Import of Telescopic Forklift by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Telescopic Forklift Market in North America (2020-2030)
9.1 Telescopic Forklift Market Size
9.2 Telescopic Forklift Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Telescopic Forklift Market in South America (2020-2030)
10.1 Telescopic Forklift Market Size
10.2 Telescopic Forklift Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Telescopic Forklift Market in Asia & Pacific (2020-2030)
11.1 Telescopic Forklift Market Size
11.2 Telescopic Forklift Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 india
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southest Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Telescopic Forklift Market in Europe (2020-2030)
12.1 Telescopic Forklift Market Size
12.2 Telescopic Forklift Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Telescopic Forklift Market in MEA (2020-2030)
13.1 Telescopic Forklift Market Size
13.2 Telescopic Forklift Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Telescopic Forklift Market (2020-2025)
14.1 Telescopic Forklift Market Size
14.2 Telescopic Forklift Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Telescopic Forklift Market Forecast (2025-2030)
15.1 Telescopic Forklift Market Size Forecast
15.2 Telescopic Forklift Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 JLG
15.1.1 Company Profile
15.1.2 Main Business and Telescopic Forklift Information
15.1.3 SWOT Analysis of JLG
15.1.4 JLG Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 JCB
15.2.1 Company Profile
15.2.2 Main Business and Telescopic Forklift Information
15.2.3 SWOT Analysis of JCB
15.2.4 JCB Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Caterpillar
15.3.1 Company Profile
15.3.2 Main Business and Telescopic Forklift Information
15.3.3 SWOT Analysis of Caterpillar
15.3.4 Caterpillar Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Doosan
15.4.1 Company Profile
15.4.2 Main Business and Telescopic Forklift Information
15.4.3 SWOT Analysis of Doosan
15.4.4 Doosan Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 CNH
15.5.1 Company Profile
15.5.2 Main Business and Telescopic Forklift Information
15.5.3 SWOT Analysis of CNH
15.5.4 CNH Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Manitou
15.6.1 Company Profile
15.6.2 Main Business and Telescopic Forklift Information
15.6.3 SWOT Analysis of Manitou
15.6.4 Manitou Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Terex
15.7.1 Company Profile
15.7.2 Main Business and Telescopic Forklift Information
15.7.3 SWOT Analysis of Terex
15.7.4 Terex Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 Merlo
15.8.1 Company Profile
15.8.2 Main Business and Telescopic Forklift Information
15.8.3 SWOT Analysis of Merlo
15.8.4 Merlo Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.9 Claas
15.9.1 Company Profile
15.9.2 Main Business and Telescopic Forklift Information
15.9.3 SWOT Analysis of Claas
15.9.4 Claas Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.10 Dieci
15.10.1 Company Profile
15.10.2 Main Business and Telescopic Forklift Information
15.10.3 SWOT Analysis of Dieci
15.10.4 Dieci Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
15.11 Wacker Neuson
15.11.1 Company Profile
15.11.2 Main Business and Telescopic Forklift Information
15.11.3 SWOT Analysis of Wacker Neuson
15.11.4 Wacker Neuson Telescopic Forklift Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope of Telescopic Forklift Report
Table Data Sources of Telescopic Forklift Report
Table Major Assumptions of Telescopic Forklift Report
Table Telescopic Forklift Classification
Table Telescopic Forklift Applications List
Table Drivers of Telescopic Forklift Market
Table Restraints of Telescopic Forklift Market
Table Opportunities of Telescopic Forklift Market
Table Threats of Telescopic Forklift Market
Table Raw Materials Suppliers List
Table Different Production Methods of Telescopic Forklift
Table Cost Structure Analysis of Telescopic Forklift
Table Key End Users List
Table Latest News of Telescopic Forklift Market
Table Merger and Acquisition List
Table Planned/Future Project of Telescopic Forklift Market
Table Policy of Telescopic Forklift Market
Table 2020-2030 Regional Export of Telescopic Forklift
Table 2020-2030 Regional Import of Telescopic Forklift
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 North America Telescopic Forklift Demand List by Application
Table 2020-2025 North America Telescopic Forklift Key Players Sales List
Table 2020-2025 North America Telescopic Forklift Key Players Market Share List
Table 2020-2030 North America Telescopic Forklift Demand List by Type
Table 2020-2025 North America Telescopic Forklift Price List by Type
Table 2020-2030 United States Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 United States Telescopic Forklift Import & Export List
Table 2020-2030 Canada Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Canada Telescopic Forklift Import & Export List
Table 2020-2030 Mexico Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Mexico Telescopic Forklift Import & Export List
Table 2020-2030 South America Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 South America Telescopic Forklift Demand List by Application
Table 2020-2025 South America Telescopic Forklift Key Players Sales List
Table 2020-2025 South America Telescopic Forklift Key Players Market Share List
Table 2020-2030 South America Telescopic Forklift Demand List by Type
Table 2020-2025 South America Telescopic Forklift Price List by Type
Table 2020-2030 Brazil Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Brazil Telescopic Forklift Import & Export List
Table 2020-2030 Argentina Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Argentina Telescopic Forklift Import & Export List
Table 2020-2030 Chile Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Chile Telescopic Forklift Import & Export List
Table 2020-2030 Peru Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Peru Telescopic Forklift Import & Export List
Table 2020-2030 Asia & Pacific Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Asia & Pacific Telescopic Forklift Demand List by Application
Table 2020-2025 Asia & Pacific Telescopic Forklift Key Players Sales List
Table 2020-2025 Asia & Pacific Telescopic Forklift Key Players Market Share List
Table 2020-2030 Asia & Pacific Telescopic Forklift Demand List by Type
Table 2020-2025 Asia & Pacific Telescopic Forklift Price List by Type
Table 2020-2030 China Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 China Telescopic Forklift Import & Export List
Table 2020-2030 India Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 India Telescopic Forklift Import & Export List
Table 2020-2030 Japan Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Japan Telescopic Forklift Import & Export List
Table 2020-2030 South Korea Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 South Korea Telescopic Forklift Import & Export List
Table 2020-2030 Southeast Asia Telescopic Forklift Market Size List
Table 2020-2030 Southeast Asia Telescopic Forklift Market Volume List
Table 2020-2030 Southeast Asia Telescopic Forklift Import List
Table 2020-2030 Southeast Asia Telescopic Forklift Export List
Table 2020-2030 Australia Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Australia Telescopic Forklift Import & Export List
Table 2020-2030 Europe Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Europe Telescopic Forklift Demand List by Application
Table 2020-2025 Europe Telescopic Forklift Key Players Sales List
Table 2020-2025 Europe Telescopic Forklift Key Players Market Share List
Table 2020-2030 Europe Telescopic Forklift Demand List by Type
Table 2020-2025 Europe Telescopic Forklift Price List by Type
Table 2020-2030 Germany Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Germany Telescopic Forklift Import & Export List
Table 2020-2030 France Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 France Telescopic Forklift Import & Export List
Table 2020-2030 United Kingdom Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 United Kingdom Telescopic Forklift Import & Export List
Table 2020-2030 Italy Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Italy Telescopic Forklift Import & Export List
Table 2020-2030 Spain Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Spain Telescopic Forklift Import & Export List
Table 2020-2030 Belgium Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Belgium Telescopic Forklift Import & Export List
Table 2020-2030 Netherlands Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Netherlands Telescopic Forklift Import & Export List
Table 2020-2030 Austria Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Austria Telescopic Forklift Import & Export List
Table 2020-2030 Poland Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Poland Telescopic Forklift Import & Export List
Table 2020-2030 Russia Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Russia Telescopic Forklift Import & Export List
Table 2020-2030 MEA Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 MEA Telescopic Forklift Demand List by Application
Table 2020-2025 MEA Telescopic Forklift Key Players Sales List
Table 2020-2025 MEA Telescopic Forklift Key Players Market Share List
Table 2020-2030 MEA Telescopic Forklift Demand List by Type
Table 2020-2025 MEA Telescopic Forklift Price List by Type
Table 2020-2030 Egypt Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Egypt Telescopic Forklift Import & Export List
Table 2020-2030 Israel Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Israel Telescopic Forklift Import & Export List
Table 2020-2030 South Africa Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 South Africa Telescopic Forklift Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Telescopic Forklift Import & Export List
Table 2020-2030 Turkey Telescopic Forklift Market Size and Market Volume List
Table 2020-2030 Turkey Telescopic Forklift Import & Export List
Table 2020-2025 Global Telescopic Forklift Market Size List by Region
Table 2020-2025 Global Telescopic Forklift Market Size Share List by Region
Table 2020-2025 Global Telescopic Forklift Market Volume List by Region
Table 2020-2025 Global Telescopic Forklift Market Volume Share List by Region
Table 2020-2025 Global Telescopic Forklift Demand List by Application
Table 2020-2025 Global Telescopic Forklift Demand Market Share List by Application
Table 2020-2025 Global Telescopic Forklift Key Vendors Sales List
Table 2020-2025 Global Telescopic Forklift Key Vendors Sales Share List
Table 2020-2025 Global Telescopic Forklift Key Vendors Revenue List
Table 2020-2025 Global Telescopic Forklift Key Vendors Revenue Share List
Table 2020-2025 Global Telescopic Forklift Demand List by Type
Table 2020-2025 Global Telescopic Forklift Demand Market Share List by Type
Table 2020-2025 Regional Telescopic Forklift Price List
Table 2025-2030 Global Telescopic Forklift Market Size List by Region
Table 2025-2030 Global Telescopic Forklift Market Size Share List by Region
Table 2025-2030 Global Telescopic Forklift Market Volume List by Region
Table 2025-2030 Global Telescopic Forklift Market Volume Share List by Region
Table 2025-2030 Global Telescopic Forklift Demand List by Application
Table 2025-2030 Global Telescopic Forklift Demand Market Share List by Application
Table 2025-2030 Global Telescopic Forklift Key Vendors Sales List
Table 2025-2030 Global Telescopic Forklift Key Vendors Sales Share List
Table 2025-2030 Global Telescopic Forklift Key Vendors Revenue List
Table 2025-2030 Global Telescopic Forklift Key Vendors Revenue Share List
Table 2025-2030 Global Telescopic Forklift Demand List by Type
Table 2025-2030 Global Telescopic Forklift Demand Market Share List by Type
Table 2025-2030 Telescopic Forklift Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Telescopic Forklift Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Telescopic Forklift Market Size and CAGR
Figure 2020-2030 North America Telescopic Forklift Market Volume and CAGR
Figure 2020-2030 South America Telescopic Forklift Market Size and CAGR
Figure 2020-2030 South America Telescopic Forklift Market Volume and CAGR
Figure 2020-2030 Asia & Pacific Telescopic Forklift Market Size and CAGR
Figure 2020-2030 Asia & Pacific Telescopic Forklift Market Volume and CAGR
Figure 2020-2030 Europe Telescopic Forklift Market Size and CAGR
Figure 2020-2030 Europe Telescopic Forklift Market Volume and CAGR
Figure 2020-2030 MEA Telescopic Forklift Market Size and CAGR
Figure 2020-2030 MEA Telescopic Forklift Market Volume and CAGR
Figure 2020-2025 Global Telescopic Forklift Market Volume and Growth Rate
Figure 2020-2025 Global Telescopic Forklift Market Size and Growth Rate
Figure 2025-2030 Global Telescopic Forklift Market Volume and Growth Rate
Figure 2025-2030 Global Telescopic Forklift Market Size and Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |