Blog

According to the report by Expert Market Research (EMR), the global telehandler market size reached a value of around USD 5.50 billion in 2023. Aided by the construction industry expansion and the demand for versatile and efficient handling equipment escalates, the market is projected to grow at a CAGR of 3.3% during 2024-32 to reach a value of USD 6.96 billion by 2032.

Telehandlers, or telescopic handlers, are flexible machines widely used in construction, agriculture, and industrial applications. Characterized by their extendable boom, telehandlers can operate as cranes, lift trucks, and work platforms with various attachments, including buckets, pallet forks, and winches. This versatility makes them invaluable on job sites where space is limited, or terrain is challenging.

According to telehandler market analysis, the primary driver is the robust growth in the construction sector, particularly in emerging economies. As urbanization and industrialization accelerate, the need for high-capacity, versatile handling equipment becomes critical. Telehandlers play a significant role in building infrastructure, from residential complexes to commercial facilities, owing to their ability to manoeuvre in tight spaces and lift heavy materials to significant heights.

A significant driver for the telehandler market growth are technological developments. Modern telehandlers are equipped with advanced features like GPS tracking, load management systems, and hybrid power systems, enhancing their efficiency and operational capabilities. These innovations not only improve safety on the job site but also contribute to the machines’ longevity and reliability.

As per the telehandler market outlook, economic growth leads to increased construction activities, urbanization, and infrastructural developments, particularly in emerging economies such as India, China, and Brazil. These regions are experiencing rapid urban development and significant investment in residential and commercial construction, driving demand for telehandlers due to their versatility and efficiency in moving materials on construction sites.

The shift towards compact and high-capacity models have significantly impacted telehandler market expansion. There is a growing preference for compact telehandlers in urban construction projects due to their ability to maneuver in tight spaces. At the same time, there is also demand for high-capacity telehandlers capable of handling heavier loads. This dual demand compels manufacturers to diversify their product ranges to cater to different market segments, from urban construction to heavy-duty industrial applications.

The global telehandler market is also influenced by regulatory standards and safety guidelines, which vary significantly across different regions. In the European Union, telehandler is classified as a safe food additive, whereas, in the United States, it is generally recognized as safe (GRAS) by the FDA. However, stringent labeling requirements and the push for more transparent food labeling can affect market dynamics. Companies must navigate these regulations carefully to maintain compliance and ensure consumer trust, particularly in markets sensitive to food safety and additive use.

Get a Free Sample Report with Table of Contents

The global telehandler market share is also influenced by agricultural sector expansion. The agricultural sector is a significant consumer of telehandlers, which are used for a variety of tasks such as handling large bales, loading, and unloading agricultural products, and general farm maintenance. The growth in agricultural productivity and the expansion of farm sizes necessitate the use of efficient machinery to handle increased outputs, which supports the growth of the telehandler market.

In conclusion, the market is poised for significant growth, driven by the expansion of construction activities and technological advancements in handling equipment. While challenges like high costs and the need for skilled operation exist, the opportunities presented by emerging technologies and the increasing adoption of green practices are expected to propel the market forward. As industries continue to demand more efficient and versatile equipment, telehandlers will remain a critical component of the material handling equipment landscape, supporting industries worldwide in achieving operational efficiency and safety.

Market Segmentation  

The market can be divided based on product, type, ownership, height, capacity, application and region.

Market Breakup by Product

• Compact Telehandler
• Large Telehandler

Market Breakup by Type

• Rotating
• Non-rotating

Market Breakup by Ownership

• Rental
• Personal

Market Breakup by Height

• Less Than 50 ft
• 50 ft and Above

Market Breakup by Capacity

• Below 3 Tons
• 3-10 Tons
• Above 10 Tons

Market Breakup by Application

• Construction
• Agriculture
• Forestry
• Mines and Quarries
• Transport and Logistics
• Others

Market Breakup by Region

• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Others
• Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global telehandler market. Some of the major players explored in the report by Expert Market Research are as follows:

• Dieci s.r.l.
• Manitou Group
• JLG Industries, Inc.
• Liebherr-International Deutschland GmbH
• JCB Group
• Caterpillar
• Doosan Bobcat
• Others

Read our Related Reports:

https://www.expertmarketresearch.com/reports/polyethylene-furanoate-market

https://www.expertmarketresearch.com/reports/simulation-software-market

https://www.expertmarketresearch.com/reports/coffee-machines-market