Telehandlers Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Telehandlers Market size was valued at USD 4.61 Billion in 2023 and is predicted to reach USD 7.70 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.00% during the forecast period. The report analyzes the global Telehandlers Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Telehandlers Market industry.

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Key Insights:

• As per the analysis shared by our research analyst, the telehandlers market is anticipated to grow at a CAGR of 6.00% during the forecast period (2024-2032).
• The global telehandlers market was estimated to be worth approximately USD 4.61 billion in 2023 and is projected to reach a value of USD 7.70 billion by 2032.
• The growth of the telehandlers market is being driven by increasing demand for versatile material handling equipment in construction, agriculture, and industrial sectors.
• Based on the lift height, the more than 60 segment is growing at a high rate and is projected to dominate the market.
• On the basis of application, the agriculture segment is projected to swipe the largest market share.
• In terms of product type, the compact segment is expected to dominate the market.
• Based on the ownership, the personnel segment is expected to dominate the market.
• By region, North America is expected to dominate the global market during the forecast period.

Global Telehandlers Market: Overview

Telehandlers are also called telescopic handlers, boom lifts, or a teleporter. It is an efficient and versatile lifting machine with an in-built telescope in the lifting attachment. The machine can be extended forward and upward to transfer loads. It is mounted on a four-wheel-drive chassis and the provided telescopic boom facilitates lifting operations. Telehandlers have extensive use in the agriculture and construction sectors. There are various types of telehandlers available in the market like lifting jib, work platform, earthmoving bucket, and fork tines.

Moreover, these machines incorporate a variety of attachments for different purposes like warehousing, dockyard, and recycling operation for loading and unloading of the goods.

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Global Telehandlers Market: Growth Factors

The global telehandlers market growth is highly driven by the capabilities of these trucks to easily transfer heavy goods and materials to different locations. The technological advancements in the telehandlers like electrically or lithium-ion powered machines has boosted the growth of the global telehandlers market significantly.

Furthermore, telehandlers are anticipated to witness a growth in demand in the construction and agriculture sectors. The telehandlers have multifaceted applications and hold high capabilities in the processing of various attachments, which is further expected to propel the market growth with a high CAGR during the forecast period. Telehandlers are successfully catering to the customers’ needs in the manufacturing, mineral processing, and mining industries.

Their versatility enables easy replacements of major traditional handling equipment at sites and also eliminates the manual labor which further propels the market growth.

Due to the recent working regulations and norms, the industries are opting telehandlers over the traditional methods and hence the global telehandlers market is expected to grow exponentially during the forecast period.

The electrification of the telehandlers is driving the market growth vigorously due to the increased stringency in environmental regulations and policies. The electric telehandler's power trains help to curb the carbon footprint on the sites and thus create green working spaces and improved air quality for workers and local dwellers. Moreover, these electric telehandlers are more in demand due to their added advantages like cost-saving, reduced plant movement, less refueling of the machinery, and many more.

Further, in the rental fleet sector, the telehandlers are the most prevalent pieces. Rental customers have the potential opportunities due to high capability and enhanced versatility with the emerging models. Starting from the excavation stage to the building one, the telehandlers are used in every phase in the procedure of construction.

Global Telehandlers Market: Segmentation

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The global telehandlers market can be segmented into lift height, application, product type, ownership, and region.

By Lifting Height, the market can be segmented into more than 60, 30’ - 60’, and up to 30’.

Among these, 30’ - 60’ segment dominates the global telehandlers market.

By Application, the market can be segmented into agriculture, construction, and rental service providers. Among these, the construction segment holds the hegemony owing to the proliferation of the segment across the globe and is expected to witness huge growth during the forecast period. Furthermore, several new projects are launched in recent years that are anticipated to boost the market growth remarkably during the forecast period.

By Product Type, the market can be segmented into compact and large telehandlers. The large telehandlers segment holds the largest share in the global telehandlers market due to its added benefits like a four-wheel drive facility and many others.

By Ownership, the market can be segmented into personnel and rental. Of these, the rental market holds dominance in the market.

Telehandlers Market: Report Scope

Global Telehandlers Market: Regional analysis

Asia Pacific holds the largest market share in the global telehandlers market due to the increasing number of infrastructure and development projects in developing countries like India and China. Furthermore, the rapid industrialization and urbanization in the developing nations also boosted the market growth.

North America is expected to witness high growth during the forecast period owing to the presence of the major key players in the region. Moreover, the adoption of advanced smart technologies in the telehandlers also propels the market to grow remarkably during the forecast period.

Europe is the strong regional market for telehandlers due to the intense forestry and mining activities.

Global Telehandlers Market: Competitive Players

Some of the significant players in the global telehandlers market are :

• Oshkosh Corporation
• CNH Industrial
• Caterpillar
• Linamar Corporation
• J.C. Bamford Excavators Ltd.
• Manitou Group
• Liebherr Group
• Terex Corporation
• Doosan Infracore Co. Ltd.
• Wacker Neuson SE.

The Global Telehandlers Market is segmented as follows:

By Lift height 

• More than 60
• 30’ - 60’ 
• and up to 30’

By Application 

• Agriculture
• Construction
• Rental Service Providers 

By Product Type 

• Compact 
• Large Telehandlers

By Ownership 

• Personnel 
• Rental

Global Telehandlers Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.