Imarcrohit

Telehandler Market Size, Share & Growth Forecast 2024-2032

Rohit Pujari's photo
Rohit Pujari
·

5 min read

Global Telehandler Market Statistics: USD 10.9 Billion Value by 2032

Summary:

  • The global telehandler market size reached USD 6.9 Billion in 2023.

  • The market is expected to reach USD 10.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.

  • Asia Pacific leads the market, accounting for the largest telehandler market share.

  • Compact telehandler holds the largest share in the telehandler industry.

  • Based on the type, the market has been bifurcated into rotating and non-rotating.

  • On the basis of the ownership, the market has been classified into rental and personal.

  • Based on the height, the market has been divided into less than 50 ft and 50 ft and above.

  • On the basis of the capacity, the market has been categorized into below 3 tons, 3-10 tons, and above 10 tons.

  • Construction represents the biggest application segment.

  • The rising utilization in agricultural and landscaping applications is a primary driver of the telehandler market.

  • Technological advancements and the increasing demand for rental equipment are reshaping the telehandler market.

Industry Trends and Drivers:

  • Growing utilization in agricultural and landscaping applications:

Telehandlers are used on farms for essential tasks, such as moving hay bales, loading feed, lifting pallets, and general material handling. Unlike traditional tractors, telehandlers are equipped to reach greater heights and navigate uneven terrains, making them ideal for farm operations that require versatility and efficiency. The need for mechanization in agriculture, driven by labor shortages and the pursuit of higher productivity, is further highlighting the value of telehandlers. They are adapted for a wide range of farm functions, reducing the necessity for additional machinery. The landscaping industry also benefits from the reach and lifting capabilities of telehandlers, as they assist in moving heavy materials like stones, soil, and plants for larger landscape projects.

  • Technological innovations enhancing safety and operational efficiency:

Modern telehandlers come equipped with advanced safety features, such as load-sensing systems, automated height and reach restrictors, and stability controls, which are critical for maintaining operational safety in high-reach tasks. Beyond safety, telematics and remote diagnostics systems are becoming standard, allowing operators to monitor machine performance and identify maintenance needs in real-time. This technological integration not only enhances safety but also reduces downtime, as operators can proactively address maintenance issues before they lead to costly repairs or interruptions. Fuel efficiency improvements, global positioning systems (GPS) tracking, and fleet management software add further appeal for companies, especially those with large fleets, as they streamline logistics and maximize equipment usage.

  • Increasing demand for rental equipment:

Companies are choosing to rent telehandlers instead of purchasing, allowing them to access the latest models and features without the substantial upfront costs associated with ownership. This rental trend is particularly strong among small to medium-sized enterprises (SMEs) that seek flexibility and cost-effectiveness in operations. Rental companies are responding by expanding their telehandler offerings, particularly models with multi-functional capabilities that appeal to diverse industries. This model benefits both construction firms, which can scale equipment usage according to project needs, and manufacturers, who see increased demand from rental fleets. Additionally, many rental firms provide maintenance and support, reducing downtime and ensuring the equipment remains in optimal condition.

Request for a sample copy of this report: https://www.imarcgroup.com/telehandler-market/requestsample

Telehandler Market Report Segmentation:

Breakup By Product:

  • Compact Telehandler

  • Large Telehandler

Compact telehandler exhibits a clear dominance in the market due to their versatility, ease of maneuverability in tight spaces, and broad applicability across various industries.

Breakup By Type:

  • Rotating

  • Non-rotating

Based on the type, the market has been bifurcated into rotating and non-rotating.

Breakup By Ownership:

  • Rental

  • Personal

On the basis of the ownership, the market has been classified into rental and personal.

Breakup By Height:

  • Less Than 50 ft

  • 50 ft & Above

Based on the height, the market has been divided into less than 50 ft and 50 ft and above.

Breakup By Capacity:

  • Below 3 Tons

  • 3-10 Tons

  • Above 10 Tons

On the basis of the capacity, the market has been categorized into below 3 tons, 3-10 tons, and above 10 tons.

Breakup By Application:

  • Construction

  • Agriculture

  • Forestry

  • Mines and Quarries

  • Others

Construction holds the biggest market share, as telehandlers are essential for material handling, lifting, and transporting loads across construction sites.

Breakup By Region:

  • North America (United States, Canada)

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America (Brazil, Mexico, Others)

  • Middle East and Africa

Asia Pacific dominates the market owing to the rising investment in construction and infrastructure and the increasing adoption of advanced construction equipment.

Top Telehandler Market Leaders:

The telehandler market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

  • AB Volvo

  • Caterpillar Inc.

  • Doosan Infracore Co. Ltd.

  • Haulotte Group (Solem SA)

  • J.C. Bamford Excavators Limited

  • JLG Industries Inc. (Oshkosh Corporation)

  • Komatsu Limited

  • Liebherr Maschinen Bulle AG

  • Manitou Group

  • Merlo S.p.A. Industria Metalmeccanica

  • Skyjack Inc. (Linamar Corporation)

  • Terex Corporation

  • Wacker Neuson SE

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email:

Tel No:(D) +91 120 433 0800

United States: +1–631–791–1145

Telehandler Market Size