Telehandler Market Size, Share, and Growth Analysis

Telehandler Market By Type(Compact Telehandlers and High Reach Telehandlers), By End-user(Construction, Agriculture, Mining, and Manufacturing), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20G2018 | Region: Global | Published Date: April, 2024
Pages: 202 |Tables: 62 |Figures: 75

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Telehandler Market Insights

Telehandler Market size was valued at USD 7.07 Billion in 2023 and is poised to grow from USD 7.57 Billion in 2024 to USD 13.11 Billion by 2032, growing at a CAGR of 7.10% during the forecast period (2025-2032).

The telehandler market is experiencing immense growth mainly owing to the growing construction sector, particularly in the developing regions. The rapid growth of urbanization has also increased construction projects, like the construction of residential buildings, commercial structures, and infrastructure development. Furthermore, with the expansion of the cities and population, demand for modern and well-equipped structures is increasing, leading to the growth of the market. Infrastructural development projects like the construction of highways, airports, and rail networks need flexible equipment that can efficiently manage different tasks, leading to the growth of the market. 

Furthermore, these machines also provide immense flexibility in difficult regions, helping in streamlining construction projects in uneven or restricted places. There is an increasing demand for telehandlers in the construction sector because of efficient and safe material handling, enhanced productivity, and versatility in different job sites. This is contributing towards smoothening construction procedures and successfully completing the projects. In recent times, the agricultural sectors in also going through immense transformation boosted by technological innovation and rising demand for increasing productivity. This is leading to the adoption of advanced practices and precision farming methods. Many farmers worldwide are adopting mechanization solutions for improving their operations and increasing production. Telehandlers help farmers to efficiently finish tasks that were earlier time-consuming like loading & unloading, material handling, and stacking & storage. It also helps farmers in their labor-intensive activities with efficiency and speed, leading to the growth of the market. The potential to lift and transport heavy hay bales or move bulky materials swiftly saves valuable time but also minimizes manual labor requirements. The telehandlers help in cost savings for farmers by streamlining and automating different agricultural processes like crop management, palletizing & storage, which is increasing the market growth.

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

Market snapshot - 2025-2032

Global Market Size

USD 7.07 Billion

Largest Segment

Internal Combustion Engine (ICE)

Fastest Growth

Electric

Growth Rate

7.10% CAGR

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

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Telehandler Market Segments 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.

Analysis by Propulsion Type 

Based on propulsion type, the internal combustion engine (ICE) segment is dominating the market with the largest telehandler market share.  The ICE segment is growing rapidly because of its superior power and torque, which allows it to handle heavy loads and operate in challenging terrain conditions. Furthermore, the ICE offers extended range and faster refueling times in comparison with their electric counterparts. This makes them perfect for long work shifts and remote locations where infrastructure for EV charging is limited. The ICE often comes at a lower initial expense compared to electric models, making them a more cost-efficient choice for businesses. 

The electric segment is expected to witness significant demand growth during the forecast period. The growing emphasis on environmental sustainability has created a drastic shift toward electric power. Electric telehandlers have become a vital solution with their zero-emission operation, efficiently minimizing carbon footprints and promoting enhanced air quality. Furthermore, the rapid advancements in battery technology have resulted in better performance and longer operating times, making electric telehandlers an ideal solution for different applications. Moreover, the reduced operating expense related with electric handlers helps in decreasing fuel consumption and maintenance requirements. This makes them economically profitable for businesses. The rising demand for noiseless and efficient machinery in urban construction and industrial settings is increasing the popularity of electric telehandlers. This is because they decrease noise levels and improve operational efficiency.  

Analysis by Capacity 

Based on capacity, the 3–10-ton segment is dominating the telehandler market. The construction industry heavily depends on the versatile machines for lifting and moving heavy materials accurately, improving job site efficiency and productivity. Furthermore, the logistics & warehousing sectors benefit from the capability of the 3–10-ton type to manoeuvre in confined spaces, allowing efficient loading and unloading of goods. The 3–10-ton telehandler adaptability extends to the mining and extraction industries, where they help in transporting equipment and materials across rugged terrains. The growing focus on safety and ergonomics is boosting the demand for telehandlers, as their advanced features and comfortable operator cabins enhance operator well-being and reduce the risk of accidents.  

As per telehandler market analysis, the 10-ton segment is experiencing tremendous growth in recent years.  These heavy-duty telehandlers offer enhanced lifting capacities, allowing them to handle substantial loads in various construction, mining, and logistics industries. Their ability to lift and maneuver heavy materials and equipment efficiently contributes to increased productivity and cost-effectiveness on job sites. The growing need for larger telehandlers is propelled by the expansion of infrastructure projects worldwide, including the construction of buildings, roads, bridges, and airports. These projects often require the movement of heavy materials, making high-capacity telehandlers an indispensable asset.

Global Telehandler Market Analysis by Propulsion Type

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Telehandler Market Regional Insights

North America is dominating with the largest telehandler market share. The region's growing demand for construction and infrastructure development projects has increased the requirement for adaptable and efficient material-handling equipment. In addition, the growing trend towards mechanization and automation in various industries, including agriculture, manufacturing, and logistics, fuels the adoption of telehandlers due to their ability to handle diverse tasks easily. Furthermore, technological advancements such as improved fuel efficiency, advanced control systems, and telematics integration enhance telehandlers' overall performance and productivity, attracting customers looking for modern and innovative solutions. 

Asia Pacific region is anticipated to witness the highest growth during the telehandler market forecast period. The Asia Pacific region has been experiencing rapid urbanization and infrastructure development, creating a high demand for telehandlers. Growing investments in construction projects, such as residential and commercial buildings, highways, bridges, and airports, drive the need for telehandler operators. The growing agriculture sector in countries such as China and India are fueling the need for telehandlers for various applications, including the loading and unloading of crops and farm equipment. The expansion of the industrial sector, including manufacturing and logistics, is boosting the adoption of telehandlers for efficient material handling operations. Moreover, the rising trend of urbanization and the need for efficient materials handling in urban construction projects further contribute to market growth.

Global Telehandler Market By Geography
  • Largest
  • Fastest

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Telehandler Market Dynamics

Telehandler Market Drivers 

Rising Construction Industry 

  • The telehandler has made an immense contribution to the construction industry. Telehandlers are important in construction for lifting and handling materials. As the construction industry continues to expand, particularly in emerging markets, so does the demand for telehandlers similarly increase. This increased demand is because of how flexible the telehandlers are because they can handle different materials and work on different terrains including rough terrain models ideal for outdoor building sites. On top of that, adoption of telehandlers is driven by the trend towards mechanized and automated construction practices aimed at streamlining operations and improving efficiency. 

Advancement in Industrialization and Infrastructure 

  • Efficient material handling solutions are necessary due to rapid industrialization and infrastructure development projects happening worldwide. Telehandlers are indispensable in several industrial applications like manufacturing, logistics, warehousing among others. Besides their importance to the construction field, telehandlers have become imperative in other industrial applications because of their versatility along with mobility capabilities. In manufacturing facilities, telehandlers facilitate the movement of materials and components across production lines, optimizing workflow and reducing manual handling efforts.  

Telehandler Market Restraints 

Rising Availability of Affordable Telehandler Services 

  • Construction machinery is known to be expensive. It is the heavy industrial machinery used for various purposes in the industry, owing to which customers tend towards opting for rental service. Ongoing renewable projects around the world have led to the increasing demand for rental services as they are available at low cost and are effective from the investment point of view. It may hamper the sales and growth of the global telescopic handler market. 

High Expense of Telehandlers 

  • Small and medium-sized enterprises (SMEs), as well as budget-conscious customers, face a significant challenge when it comes to the heavy-duty telehandler market due to high initial investment costs and operating expenses. These equipment types are capital-intensive, requiring large upfront payments for purchase or lease; continuous upkeep expenses, including maintenance, fueling, and insurance premiums, add significantly to ownership costs along with specialized attachments and aftermarket service charges, contributing even more. 

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Telehandler Market Competitive Landscape

The competitive landscape of the telehandler market is fragmented, featuring many regional and global players. The major participants are entering into strategic collaborations, mergers & acquisitions, and partnerships to expand their organization's footprint and survive the competitive environment. Manufacturers are incorporating features such as advanced control systems, telematics, improved safety features, and better fuel efficiency to meet customer demands. Integrating smart technologies will continue to open new opportunities for the market. 

Top Players in Telehandler Market

  • 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 April 2023, Manitou.com has recently introduced a new range of telehandlers designed specifically to cater to the requirements of the construction markets in North America. This fresh lineup consists of seven models, each offering lifting heights ranging from 43 to 56 feet and lifting capacities. 
  • In February 2024, Doosan Bobcat will deploy its first electric forklift powered by hydrogen fuel cells. The company intends to make 30 of these new forklifts operational by the end of 2024. The Doosan Hydrogen B35X-7P is essentially a 3-ton Bobcat electric forklift retrofitted with a 20-kW fuel cell rather than a battery, and it is scheduled for delivery to the Korea Zinc Onsan refinery in Ulsan, Korea. 
  • In November 2023, Merlo UK had introduced its electric telehandler at the Agritechnica 2023 show in Hannover, Germany. 

Telehandler Key Market Trends

Telehandler Market SkyQuest Analysis

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

As per SkyQuest analysis, telehandlers have become an indispensable part of material handling in various sectors, including construction, agriculture, and industrial applications. In the construction industry segment, telehandlers play a crucial role in handling construction materials for residential complexes, commercial buildings, and infrastructural development projects such as highways, bridges, airports, rail networks, and modernized structures. Telehandlers are also widely used in the agricultural sector for precision farming techniques, where they help farmers manage bulky materials like hay bales, pallets, and heavy loads with ease. Telehandlers offer automation features, telematics integration, and remote monitoring systems, enabling human intervention only when necessary. With lift capacities ranging from 2 to 55 tons, these machines cater to diverse lifting needs. Furthermore, telehandlers are also used in the logistics and warehousing sectors, mining and extraction industries, and government projects.

Report Metric Details
Market size value in 2023 USD 7.07 Billion
Market size value in 2032 USD 13.11 Billion
Growth Rate 7.10%
Base year 2024
Forecast period 2025-2032
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 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 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 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 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 Telehandler Market:

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

Regional Analysis: Further analysis of the 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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FAQs

Telehandler Market size was valued at USD 7.07 Billion in 2023 and is poised to grow from USD 7.57 Billion in 2024 to USD 13.11 Billion by 2032, growing at a CAGR of 7.10% during the forecast period (2025-2032).

The competitive landscape of the telehandler market is fragmented, featuring many regional and global players. The major participants are entering into strategic collaborations, mergers & acquisitions, and partnerships to expand their organization’s footprint and survive the competitive environment. Manufacturers are incorporating features such as advanced control systems, telematics, improved safety features, and better fuel efficiency to meet customer demands. Integrating smart technologies will continue to open new opportunities for the market.  '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)'

Increasing Adoption of Modern Farming Practices: The telehandler market share has grown at a significantly faster rate as a result of modern framing practices. Telehandlers are essential to increasing production in agriculture since they streamline, automate, and save time through the integration of technology. These devices are more useful and adaptable because they are typically used for a variety of tasks like handling heavy items, loading and unloading, and transporting goods.  

North America is dominating with the largest telehandler market share. The region's growing demand for construction and infrastructure development projects has increased the requirement for adaptable and efficient material-handling equipment. In addition, the growing trend towards mechanization and automation in various industries, including agriculture, manufacturing, and logistics, fuels the adoption of telehandlers due to their ability to handle diverse tasks easily. Furthermore, technological advancements such as improved fuel efficiency, advanced control systems, and telematics integration enhance telehandlers' overall performance and productivity, attracting customers looking for modern and innovative solutions. 

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Telehandler Market

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