Global Telehandlers Market was Valued at US$ 3.98 Bn in 2022, With an Estimated CAGR of 6.1% (2023 – 2031)

Telehandlers play a crucial role in various industries, primarily in construction, agriculture, mining, and logistics. Their versatility and ability to perform multiple tasks make them indispensable in these sectors. Telehandlers, also known as telescopic handlers or boom lifts, are versatile machines extensively utilized across various industries for their exceptional lifting and handling capabilities. These robust pieces of equipment play pivotal roles in construction, agriculture, mining, logistics, and more, owing to their diverse functionalities and adaptability.

Construction End User Dominated the Global Telehandlers Market Growth in 2022

Construction Boom:

The surge in construction activities worldwide, particularly in emerging economies, acted as a catalyst for the demand for telehandlers market. This was fuelled by extensive infrastructure development projects and the need for modern residential and commercial spaces. Telehandlers became indispensable in efficiently handling heavy materials and aiding in various construction tasks.

Efficiency and Productivity Enhancement:

Telehandlers’ versatility played a pivotal role in optimizing construction site operations. These machines, equipped with telescopic booms and various attachments, facilitated lifting, loading, and placement of materials at different heights and distances. This capability significantly contributed to time and labor savings, enhancing overall project efficiency.

Technological Integration:

Advanced technologies integrated into telehandlers, such as IoT, telematics, and GPS systems, provided construction companies with enhanced monitoring and management capabilities. This led to improved productivity, better resource allocation, and minimized downtime, further bolstering their appeal in the construction sector.

Global Telehandlers Market Revenue & Forecast, (US$ Million), 2015 – 2031

Large telehandlers, typically categorized by their lift capacity of over 20,000 pounds, indeed held a substantial market share within the telehandlers market. This segment of heavy-duty machines plays a significant role in various sectors due to their robust capabilities and enhanced lifting capacities. They find extensive use in heavy industries such as construction, mining, and industrial operations where substantial lifting capacities are crucial. For instance:

Construction: They handle heavy loads of construction materials at larger construction sites, aiding in the movement of large pallets, steel beams, and other hefty items.

Mining: These telehandlers assist in transporting bulk materials within mining sites and handling heavy equipment or components.

Industrial Settings: They’re utilized for material handling in manufacturing plants, warehouses, and logistics centers.

For instance, JCB 540-200 is a large telehandler that offers a maximum lift capacity of over 20,000 pounds. It’s utilized in construction, agriculture, and industrial applications due to its high lifting prowess and adaptability with various attachments.

Similarly, Caterpillar TH514D comes with a lift capacity exceeding 20,000 pounds, catering to heavy-duty tasks in construction and industrial settings. Its versatility in handling diverse materials makes it a valuable asset in demanding work environments.

ICE telehandlers, like the JCB 540-200, boast robust power and extended operational ranges, making them ideal for outdoor applications. These machines thrive in environments where the availability of charging infrastructure might be limited. Their quick refuelling process and ability to sustain high power output for extended periods are advantageous, especially in scenarios demanding heavy lifting and continuous operation. Thus, ICE propulsion type accounted for a substantial market share in 2022.

In contrast, electric telehandlers market, exemplified by models like the Manitou MT 732, prioritize environmental sustainability and cost efficiency. They produce zero emissions during operation, contributing to a reduced environmental impact. Their lower operating costs, attributed to the typically cheaper cost of electricity compared to fuel, make them appealing for long-term cost savings. Additionally, electric models operate with reduced noise levels, making them suitable for indoor applications or noise-sensitive environments.

North America held a considerable share of the global telehandlers market in 2022, largely driven by its vibrant construction sector. According to data gathered, the region accounted for a substantial portion of the market demand, owing to extensive construction activities and infrastructural development projects. Caterpillar, a key player in the telehandlers market, has showcased its prowess in North America. The TH357D Ag Handler, designed specifically for the region’s agricultural needs, exemplifies this trend. With its advanced features tailored for precision and efficiency in farming operations, this model has seen significant adoption in the region’s agricultural sector.

In addition, North America stands at the forefront of technological innovation within the telehandlers market. Companies in the region, such as JCB and Manitou, have introduced models equipped with cutting-edge technologies like telematics, IoT integration, and advanced control systems. These innovations have enhanced productivity, efficiency, and safety in telehandler operations. The region’s dominance in market share is often attributed to its robust construction industry, industrialization initiatives & agricultural mechanization, which collectively drives the demand for telehandler equipment.

Competitive Landscape: Global Telehandlers Market:

• AB Volvo
• Caterpillar
• CNH Industrial N.V.
• Doosan Corporation
• HAULOTTE GROUP
• J C Bamford Excavators Ltd.
• Komatsu Ltd.
• L&T Technology Services Limited
• Manitou.com
• Oshkosh Corporation
• Terex Corporation
• Wacker Neuson SE
• Other Market Participants

Global Telehandlers Market Scope 

Global Telehandlers Market  

By Type

• Fixed Telehandlers
• Rotating Telehandlers

By Size/Lifting Capacity

• Small Telehandlers (4,500 to 6,000 pounds)
• Medium telehandlers (10,000 to 20,000-pounds)
• Large telehandlers (>20,000)

By Propulsion Type

• ICE
• Electric

By End User Industry

• Construction
• Agriculture
• Mining
• Others

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

Report Coverage & Deliverables

Table of Contents

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*Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion

**Exclusive for Multi-User and Enterprise User.

Global Telehandlers Market

By Type

By Size/Lifting Capacity

By Propulsion Type

By End User Industry

By Region

Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion

**Exclusive for Multi-User and Enterprise User.

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