The Telescopic Boom Forklift Truck Global Market Report 2023, provides comprehensive information on the telescopic boom forklift truck market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Telescopic Boom Forklift Truck Market’s Growth:

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As per The Business Research Company’s Telescopic Boom Forklift Truck Global Market Report 2023, the global telescopic boom forklift truck market size is expected to grow from $3.39 billion in 2022 to $3.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global telescopic boom forklift truck market size is expected to reach $5.15 billion in 2027 at a CAGR of 8.5%.

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Product innovations are a key trend gaining popularity in the telescopic boom forklift truck market. Major companies operating in the telescopic boom forklift truck market are adopting new innovative products to sustain their position in the market. For instance, in November 2022, JLG Industries Inc., a US-based manufacturing company launched the JLG 670SJ self-leveling boom lift technology for telescopic boom forklifts. The JLG 670SJ Self-Leveling Boom Lift is a diesel-powered telescopic boom lift designed for use in construction, maintenance, and industrial applications. This system automatically adjusts the position of the platform to maintain a level working surface, even when operating on uneven terrain. This offers advanced safety and productivity features to help operators work more efficiently. This system uses sensors to detect changes in the angle of the boom and adjust the position of the platform accordingly. These sensors are located at the base of the boom and send a signal to the lift's hydraulic system.

The telescopic boom forklift truck market is segmented:

1) By Power Source: Electric, Fuel, Hybrid

2) By Lift Height: Less Than 20 Feet, 20 feet To 50 Feet, 50 feet To 70 Feet, Above 70 Feet

3) By End-User Industry: Construction, Utility, Logistics And transportation, Other End Users

Asia-Pacific was the largest region in the telescopic boom forklift truck market in 2022.

The table of contents in TBRC’s telescopic boom forklift truck market report includes:

Executive Summary
Telescopic Boom Forklift Truck Market Characteristics
Telescopic Boom Forklift Truck Market Trends And Strategies
Telescopic Boom Forklift Truck Market - Macro Economic Scenario
Telescopic Boom Forklift Truck Market Size And Growth
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Africa Telescopic Boom Forklift Truck Market
Telescopic Boom Forklift Truck Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Telescopic Boom Forklift Truck Market
Telescopic Boom Forklift Truck Market Future Outlook and Potential Analysis
Appendix
Top 5 Major Key Players Are:

Caterpillar Inc
J C Bamford Excavators Ltd
JLG Industries Inc
Terex Corporation
Manitou Group
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