How is the rental market for Telehandler shaping up?Though there are multiple uses and functions of Telehandler, in India the penetration of Telehandlers are comparatively low. Your views
Due to lack of awareness and understanding about the specialized and diverse use of telehandlers, rental market for telehandlers in India is still in a nascent stage but rental opportunities will grow in coming years as the understanding about its multifarious uses grow. Second factor is that rental companies are now moulting away their traditional mind-set and have beginning to diversify into different segments including telehandlers. Current scenario is that rental market of telehandlers is small and limited number of telehandlers are available. Therefore the rental rates are high at the moment. As more opportunities will grow, the demand and supply will become proportionate. The demand for telehandlers will come from construction, mining and municipal government sectors.
What is the total size of Telehandlers market in India and its growth rate? In the next three years, what would be the growth of Telehandlers in India? Which sector will contribute the maximum to the growth of Telehandlers in India in the next three years? Why?
According to industry estimates, the current market size of telehandlers in India is around 400-500, which is very low as compared to world’s advanced markets. The prominent factor in telehandlers’ market slow growth is the lack of awareness about telehandler’s multifarious uses. To address the issue of low awareness, CERA will be conducting workshops and meets on benefits of telehandlers in association with manufacturers as we want rental companies to diversify. Promoting telehandlers in rental industry will help in the growth of market.
But in next three years, the growth rate of telehandler market in India will increase in infrastructure and construction projects, municipal government and mining sector, Oil & Gas, Agriculture, Mining, etc for material handling. The other specialized applications can be found in airports, oil & gas, tunnelling, waste management, etc. Due to their multifunctional features, it can perform tasks of loaders, cranes and access equipment in various sectors and industries. Also the need for safe working environments and low dependency on labour in industrial facilities and construction sites will increase demand for telehandler as a material handling equipment in the coming years.
Please share with us the financial and rental schemes you offer and your tie-ups for the same, if any?
Equipment Rental rates depend on rental models – whether a dry lease or wet lease but new innovative models also keep developing in the market. May be in future we have different rental models for different equipments. As CERA promotes rental concept of equipments and also diversification, so Manitou and JCB have also approached CERA for further mutually beneficial tie ups, but it is still in discussion stage.
Can you please share with us the latest technology integrated with Telehandlers?
A telehandler should be equipped with latest technology including AI applications and comply with emission and safety regulations. It should be operator-friendly with excellent manoeuvrability.