PUBLISHER: IMARC | PRODUCT CODE: 1378737
PUBLISHER: IMARC | PRODUCT CODE: 1378737
The global telehandler market size reached US$ 6.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.0% during 2022-2028.
A telehandler, also known as a teleporteror a telescopic handler, is multi-purpose equipment that assists in lifting heavy loads from trucks, cleaning up sites, moving materials, and plowingdirt or sand. It is usually fitted with attachments, such as pallet forks, winches, muck grabs, and buckets. It offers various advantages, such as flexibility,suitability for on-road and off-road driving, high load capacity, and excellent loading height. As a result, it finds extensive applications in various industries, including construction, agriculture, and mining.
Increasing construction activities in the residential, commercial, and industrial sectors represent one of the key factors positively influencing the demand for telehandlers toload and unload construction material. In addition, the growing adoption of modern farming practices across the globe is increasing the use of telehandlers equipped with various attachments to move agricultural materials, such as stacks of hay, livestock feed and fodder, and heavy containers. They are also utilized for landscaping and other gardening activities in numerous urban planning projects. Apart from this, rapid industrialization is catalyzing the usage of telehandlers in solid waste management and recycling activities. In line with this, the advent of construction equipment rental services is favoring the market growth. This is also enabling the equipment manufacturers and rental fleet owners to reach a broader consumer base and provide customized solutions. In addition, the development of electric engine telehandlers with higher loadbearing and 360-degree movement capabilities are creating a positive outlook for the market. Besides this, increasing investments by governing agencies of numerous countries in infrastructural developments are anticipated to drive the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global telehandler market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, type, ownership, height, capacity and application.
Compact Telehandler
Large Telehandler
Compact telehandler holds the majority of the total market share as it is convenient to use in industrial and agricultural applications.
Rotating
Non-rotating
Rental
Personal
Less Than 50 ft
Below 3 Tons
3-10 Tons
Above 10 Tons
Construction
Agriculture
Forestry
Mines and Quarries
Others
Construction represents the largest application segment due to rising investments in the real estate sector worldwide.
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
The Asia Pacific holds the largest market share on account of rapid urbanization and increasing construction activities in the region.
The report has also analysed the competitive landscape of the market with some of the key players being 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 and Wacker Neuson SE.