Global Telehandler Market

Global Telehandler Market Size, Share, Growth Analysis, By Type(Compact Telehandlers and High Reach Telehandlers), By End-user(Construction, Agriculture) - Industry Forecast 2023-2030


Report ID: SQMIG20G2018 | Region: Global | Published Date: December, 2023 | Pages: 157 | Tables: 62 | Figures: 75

Global Telehandler Market Insights

Telehandler Market size was valued at USD 6.1 billion in 2021 and is poised to grow from USD 6.6 billion in 2022 to USD 10.68 billion by 2030, growing at a CAGR of 7.10% during the forecast period (2023-2030).

The global telehandler market is experiencing significant growth due to the versatile nature of these machines and their widespread use in construction, agriculture, and industrial sectors. Unlike traditional forklifts, telehandlers feature a telescopic boom that allows operators to reach elevated areas and lift heavy loads. With a single telescopic arm instead of two forks, telehandlers offer enhanced maneuverability and access to hard-to-reach spaces. Telehandlers excel at tasks such as material loading and unloading, heavy item movement, and working at great heights. The demand for telehandlers is driven by their ability to efficiently carry and transport heavy items, making them essential in manufacturing, agriculture, and construction sectors. Their telescopic boom enables access to high places and maneuvering around obstacles, making them adaptable and effective for material handling. The ability to perform multiple tasks with various attachments such as lifting hooks, pallet forks, and buckets saves time and money. Technological advancements have further contributed to the popularity of telehandlers, improving their effectiveness, safety, and usability. Factors such as rising demand across industries, adaptability, efficiency, and technological advancements drive the telehandler market. Manufacturers are also embracing "green logistics" strategies to reduce environmental impact and gain a competitive edge. By implementing emission-cutting measures, telehandler manufacturers meet the demand for environmentally friendly logistical services. For instance, collaborations between Battery Power Industries and Manitou.com have resulted in battery-powered telehandlers with high-speed charging systems, catering to the needs of the mining and infrastructure construction industry.

US Telehandler Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 6.1 billion

Largest Segment

Compact Telehandlers

Fastest Growth

Compact Telehandlers

Growth Rate

7.10% CAGR

Global Telehandler Tools Market ($ Bn)
Country Share for North America Region (%)
Global Telehandler Tools Market By Type ($ Bn)
Global Telehandler Tools Market By Type (%)

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Global Telehandler Market Segmental Analysis

Global Telehandler Market is segmented by type, end-user, and region. Based on type, the market can be segmented into compact telehandlers, and high reach telehandlers. Based on end-user, the market is segmented into construction, agriculture, mining, and manufacturing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Telehandler Market Analysis by Type

By type, the market can be segmented into compact telehandlers and high reach telehandlers. Compact Telehandlers have emerged as the dominating segment in the telehandler market. These telehandlers are characterized by their smaller dimensions, which allow them to navigate through tight spaces with ease. They are widely used in construction, agriculture, and landscaping industries. Compact telehandlers offer versatility in terms of manoeuvrability and handling capabilities, making them suitable for a wide range of applications. They can easily operate in confined spaces, making them ideal for urban construction projects or agricultural settings with limited access.

High Reach Telehandlers segment is experiencing rapid growth and is the fastest-growing segment within the market. High Reach Telehandlers are designed with longer booms and higher lifting capacities, allowing them to reach greater heights. The global focus on infrastructure development projects, including high-rise buildings, bridges, and large-scale industrial facilities, has increased the demand for high reach telehandlers. These machines are essential for lifting heavy materials and equipment to significant heights during construction.

Telehandler Market Analysis by End-user

By end-user, the market can be segmented into construction, agriculture, mining, and manufacturing. The construction industry stands out as the dominating segment in the telehandler market. Construction companies extensively utilize telehandlers for various tasks, such as material handling, lifting heavy objects, and working at elevated heights. Construction activities are booming globally, with a rising focus on infrastructure development projects such as buildings, bridges, roads, and urban construction. Telehandlers play a vital role in these projects, enabling efficient material handling and assisting in construction tasks that require high reach and lifting capacities.

The agriculture segment is experiencing rapid growth and emerging as the fastest-growing segment within the telehandler market. Agricultural operations increasingly rely on telehandlers for efficient material handling and farm maintenance tasks. The global agricultural sector is witnessing a shift towards mechanization and automation to increase productivity and efficiency. Telehandlers are playing a crucial role in this transformation by assisting in tasks like handling bales, loading/unloading produce, and supporting farm maintenance operations.

Global Telehandler Tools Market By Type, 2021 (%)

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Global Telehandler Market Regional Insights

North America dominated the global market. The region boasts a strong presence of key players in the telehandler manufacturing industry, coupled with a high demand for telehandlers across various sectors such as construction, agriculture, and industrial. North America's dominance is attributed to its robust infrastructure development, ongoing construction projects, and the need for efficient material handling equipment. The region's mature market and established distribution networks contribute to its prominence in the telehandler industry. Additionally, stringent safety regulations and a focus on technological advancements in the equipment further drive the demand for telehandlers in North America.

The fastest-growing region in the telehandler market is the Asia-Pacific. The region is witnessing significant expansion due to ongoing construction and development projects, particularly in China and India. These East Asian economies are experiencing rapid growth, leading to increased investments in infrastructure, transportation, and airport development. As a result, there is a rising demand for compact and reliable telehandlers in the region. Furthermore, the increasing adoption of advanced technologies and automation in various industries contributes to the growth of the telehandler market in the Asia-Pacific. Factors such as population growth, urbanization, and industrialization further drive the demand for telehandlers in the region, making it the fastest-growing market.

Global Telehandler Tools Market By Geography, 2023-2030
  • Largest
  • Fastest

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Global Telehandler Market Dynamics

Telehandler Market Drivers

Growing demand across multiple industries

  • One significant driver in the telehandler market is the growing demand across multiple industries. The versatility and effectiveness of telehandlers in carrying and transferring heavy loads make them essential in sectors such as manufacturing, agriculture, and construction. The telescopic boom enables access to elevated areas and maneuvering around obstacles, increasing their adaptability. The ability to perform various tasks with different attachments saves time and cost. These factors contribute to the increasing demand for telehandlers, driving market growth.

Telehandler Market Restraints

High initial investment required to acquire these machines

  • A key restraint in the telehandler market is the high initial investment required to acquire these machines. Telehandlers are sophisticated and technologically advanced equipment, which makes them relatively expensive. This can be a significant barrier for small and medium-sized businesses with limited capital. Additionally, the need for regular maintenance and specialized training for operators adds to the overall cost of ownership. The high cost of telehandlers may restrict market growth, particularly in price-sensitive regions or industries with budget constraints.

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Global Telehandler Market Competitive Landscape

Global telehandler market is characterized by several players striving to gain a larger market share. These companies focus on product innovation, technological advancements, and strategic partnerships to stay competitive. They emphasize developing versatile telehandlers with improved efficiency, safety features, and ease of use. Additionally, manufacturers are increasingly adopting "green logistics" practices to meet the growing demand for environmentally friendly solutions. The competitive landscape is dynamic, with players continuously striving to meet customer demands and gain a competitive edge through differentiated offerings and customer-centric approaches.

Telehandler Market Top Player’s Company Profiles

  • Terex Corporation (US)
  • Manitou Group (France)
  • CNH Industrial N.V. (UK)
  • Wacker Neuson SE (Germany)
  • Liebherr Group (Switzerland)
  • Bobcat Company (US)
  • Doosan Corporation (South Korea)
  • Merlo S.p.A. (Italy)
  • XCMG Group (China)
  • Komatsu Ltd. (Japan)
  • Hyundai Construction Equipment Co., Ltd. (South Korea)
  • JCB (UK)
  • Skyjack Inc. (Canada)
  • Hyster-Yale Materials Handling, Inc. (US)
  • LiuGong Machinery Corp. (China)
  • Zoomlion Heavy Industry Science and Technology Co., Ltd. (China)
  • Sany Group Co., Ltd. (China)

Telehandler Market Recent Developments

  • In June 2023, Haulotte Group announced a strategic partnership with a leading technology company to integrate advanced telematics systems into their telehandlers. This partnership aimed to provide customers with real-time data, remote diagnostics, and predictive maintenance capabilities.
  • In May 2023, Merlo introduced the Hybrid Plus telehandler model, combining diesel and electric power sources for improved fuel efficiency and reduced emissions. This launch showcased Merlo's commitment to environmentally-friendly solutions.
  • In March 2023, JCB revealed plans to launch a range of all-electric telehandlers in response to the increasing demand for sustainable construction equipment. These electric telehandlers would provide zero-emission operation and reduced noise levels.
  • In January 2023, Manitou Group announced a significant investment in research and development to develop autonomous capabilities for its telehandlers. This initiative aimed to enhance productivity, efficiency, and safety in material handling operations.
  • In September 2022, Caterpillar Inc., a renowned construction equipment manufacturer, unveiled its new TH514D telehandler model. This model featured advanced technology, improved operator comfort, and increased lifting capacity, catering to the demanding needs of the construction industry.

Global Telehandler Key Market Trends

  • One key market trend in the telehandler industry is the increasing adoption of advanced technologies and automation. Telehandler manufacturers are incorporating features such as remote operation and safety sensors to enhance efficiency and improve worker safety. These technologies allow for better control, precise movements, and reduced risk of accidents. Additionally, there is a growing demand for telematics systems that enable remote monitoring, diagnostics, and maintenance of telehandlers. The integration of advanced technologies is driving the market forward and transforming the way telehandlers are operated and managed.

Global Telehandler Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global telehandler market analysis, the market is witnessing significant growth driven by its versatility and efficiency in various industries, such as construction, agriculture, and manufacturing. Telehandlers offer the ability to carry and transfer heavy loads, access elevated areas, and navigate through obstacles, making them essential for material handling tasks. The market is characterized by the dominance of North America, with its established infrastructure and strong presence of key players. The Asia-Pacific region is experiencing rapid growth due to ongoing construction projects and infrastructure development. Technological advancements, including automation and remote operation features, are shaping the market.

Report Metric Details
Market size value in 2021 USD 6.1 billion
Market size value in 2030 USD 10.68 billion
Growth Rate 7.10%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Compact Telehandlers and High Reach Telehandlers
  • End-user
    • Construction, Agriculture, Mining, and Manufacturing
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Terex Corporation (US)
  • Manitou Group (France)
  • CNH Industrial N.V. (UK)
  • Wacker Neuson SE (Germany)
  • Liebherr Group (Switzerland)
  • Bobcat Company (US)
  • Doosan Corporation (South Korea)
  • Merlo S.p.A. (Italy)
  • XCMG Group (China)
  • Komatsu Ltd. (Japan)
  • Hyundai Construction Equipment Co., Ltd. (South Korea)
  • JCB (UK)
  • Skyjack Inc. (Canada)
  • Hyster-Yale Materials Handling, Inc. (US)
  • LiuGong Machinery Corp. (China)
  • Zoomlion Heavy Industry Science and Technology Co., Ltd. (China)
  • Sany Group Co., Ltd. (China)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Telehandler Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Telehandler Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Telehandler Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Telehandler Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Telehandler Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Telehandler Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Telehandler Market size was valued at USD 6.1 billion in 2021 and is poised to grow from USD 6.6 billion in 2022 to USD 10.68 billion by 2030, growing at a CAGR of 7.10% during the forecast period (2023-2030).

Global telehandler market is characterized by several players striving to gain a larger market share. These companies focus on product innovation, technological advancements, and strategic partnerships to stay competitive. They emphasize developing versatile telehandlers with improved efficiency, safety features, and ease of use. Additionally, manufacturers are increasingly adopting "green logistics" practices to meet the growing demand for environmentally friendly solutions. The competitive landscape is dynamic, with players continuously striving to meet customer demands and gain a competitive edge through differentiated offerings and customer-centric approaches. 'JLG Industries (US)', 'Caterpillar Inc. (US)', 'Terex Corporation (US)', 'Manitou Group (France)', 'Haulotte Group (France)', 'CNH Industrial N.V. (UK)', 'Wacker Neuson SE (Germany)', 'Liebherr Group (Switzerland)', 'Bobcat Company (US)', 'Doosan Corporation (South Korea)', 'Merlo S.p.A. (Italy)', 'XCMG Group (China)', 'Komatsu Ltd. (Japan)', 'Hyundai Construction Equipment Co., Ltd. (South Korea)', 'JCB (UK)', 'Skyjack Inc. (Canada)', 'Hyster-Yale Materials Handling, Inc. (US)', 'LiuGong Machinery Corp. (China)', 'Zoomlion Heavy Industry Science and Technology Co., Ltd. (China)', 'Sany Group Co., Ltd. (China)'

One significant driver in the telehandler market is the growing demand across multiple industries. The versatility and effectiveness of telehandlers in carrying and transferring heavy loads make them essential in sectors such as manufacturing, agriculture, and construction. The telescopic boom enables access to elevated areas and maneuvering around obstacles, increasing their adaptability. The ability to perform various tasks with different attachments saves time and cost. These factors contribute to the increasing demand for telehandlers, driving market growth.

One key market trend in the telehandler industry is the increasing adoption of advanced technologies and automation. Telehandler manufacturers are incorporating features such as remote operation and safety sensors to enhance efficiency and improve worker safety. These technologies allow for better control, precise movements, and reduced risk of accidents. Additionally, there is a growing demand for telematics systems that enable remote monitoring, diagnostics, and maintenance of telehandlers. The integration of advanced technologies is driving the market forward and transforming the way telehandlers are operated and managed.

North America dominated the global market. The region boasts a strong presence of key players in the telehandler manufacturing industry, coupled with a high demand for telehandlers across various sectors such as construction, agriculture, and industrial. North America's dominance is attributed to its robust infrastructure development, ongoing construction projects, and the need for efficient material handling equipment. The region's mature market and established distribution networks contribute to its prominence in the telehandler industry. Additionally, stringent safety regulations and a focus on technological advancements in the equipment further drive the demand for telehandlers in North America.

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Global Telehandler Market

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