USD 6.60 billion
Report ID:
SQMIG20G2018 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
62
|Figures:
75
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 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.
Global Market Size
USD 6.60 billion
Largest Segment
Compact Telehandlers
Fastest Growth
High Reach Telehandlers
Growth Rate
7.10% CAGR
To get more reports on the above market click here to Buy The Report
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.
To get detailed analysis on other segments, Request For Free Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Telehandler Market Drivers
Growing demand across multiple industries
Telehandler Market Restraints
High initial investment required to acquire these machines
Request Free Customization of this report to help us to meet your business objectives.
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
Telehandler Market Recent Developments
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 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 |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20G2018
sales@skyquestt.com
USA +1 351-333-4748