Telehandler Market Size ,Share, Opportunities Forecast Report 2032
Telehandler Market Opportunities, Scope, Growth Report, 2032

Telehandler Market Share, Size, Trends, Industry Analysis Report, By Product (Large, Compact), By Propulsion Type (ICE, Electric), By Lift Capacity, By End-use, By Region, And Segment Forecasts, 2024 - 2032

  • Published Date:Jan-2024
  • Pages: 118
  • Format: PDF
  • Report ID: PM3918
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global telehandler market was valued at USD 4486.13 million in 2023 and is expected to grow at a CAGR of 5.20% during the forecast period.

The market has seen significant expansion, driven largely by the thriving construction sector, particularly in emerging economies. Urbanization has played a pivotal role in driving up construction activities, encompassing residential complexes, commercial structures, and infrastructure projects. With cities growing and populations surging, there is a heightened need for modern, well-equipped buildings. Additionally, large-scale infrastructure endeavors like highways, bridges, airports, and rail networks necessitate versatile equipment that can efficiently handle diverse tasks.

The market research report offers an in-depth analysis of the industry to support informed decision-making. It offers a meticulous breakdown of various market niches and keeps readers updated on the latest industry developments. Along with tracking the Telehandler Market on the basis of SWOT and Porter’s Five Forces models, the research report includes graphs, tables, charts, and other pictorial representations to help readers understand the key insights and important data easily.

Telehandler Market Size

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Furthermore, these machines provide versatility in demanding landscapes, enabling construction projects to advance seamlessly even in rough or limited spaces. The requirement for telehandlers stems from the construction industry's desire for efficient and secure material handling, enhanced productivity, and adaptability in different on-site situations. This ultimately leads to more efficient construction procedures and successful project results.

The agricultural industry is presently undergoing a significant revolution propelled by swift technological progress and an increasing need for enhanced productivity. This has led to the adoption of cutting-edge approaches and precision farming methods. Farmers worldwide are enthusiastically incorporating mechanized solutions to fine-tune their processes and achieve the highest possible yield. Telehandlers empower farmers to efficiently perform tasks that were once laborious, such as loading and unloading, material handling, stacking and storage, and other demanding activities, all with remarkable ease and speed.

The capacity to lift and swiftly transport heavy hay bales or bulky materials not only saves valuable time but also reduces the need for manual labor. Additionally, telehandlers bring substantial cost savings to farmers by streamlining and automating various agricultural processes like crop management and palletizing and storage. These machines decrease the necessity for additional labor, resulting in lower labor costs. Farmers can allocate their resources more efficiently, optimizing their budgets while achieving higher productivity.

Telehandler Market Size

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In this market, there is a high degree of fragmentation, with numerous manufacturers operating globally. This scenario fosters intense competition, leading to frequent price battles and increasing pressures on profit margins. Well-established market players continuously face challenges from emerging regional competitors who offer cost-effective solutions, further intensifying the competitive landscape. Consequently, this fierce competition often results in reduced profit margins and limited opportunities for expanding market share.

Industry Dynamics

Market Growth Drivers

Technological Advancements

The telehandlers sector is currently witnessing a remarkable upswing in technological progress, which is augmenting their capabilities and improving operational efficiency. Manufacturers have acknowledged the potential of automation, telematics, and remote monitoring systems, and they are actively incorporating these cutting-edge technologies into telehandlers. This integration empowers operators with enhanced control over the machines while facilitating comprehensive data gathering and predictive maintenance.

By integrating automation features, telehandlers can execute various tasks with minimal human intervention. This includes automated lifting, lowering, and precise positioning of loads, as well as precise control of movements. These automated functions significantly enhance operational efficiency and decrease the potential risks associated with human errors.

Report Segmentation

The market is primarily segmented based on product, propulsion type, end use, and region.

By Product

By Propulsion Type

By End Use

By Region

  • Large
  • Compact
  • ICE
  • Electric
  • Construction
  • Agriculture
  • Manufacturing
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Product Analysis

  • Large segment accounted for the largest market share in 2022

Large segment accounted for the largest market share. The construction industry's swift expansion and the rise in infrastructure projects demand robust and versatile machinery capable of lifting substantial loads and reaching considerable heights. Large telehandlers offer the essential lifting capacity and elevation capabilities, rendering them indispensable for various tasks, including material handling, precise placement of construction materials, and operation within restricted spaces.

Compact segment will grow rapidly. Compact telehandlers present an attractive solution by combining the lifting capabilities of conventional telehandlers with the compact dimensions and agility required for urban settings. Their capacity to navigate through tight entryways, reach significant heights, and manage diverse materials makes compact telehandlers invaluable for a range of applications, including construction, agriculture, warehouse operations, and maintenance tasks.

By Propulsion Type Analysis

  • ICE segment held the significant market share in 2022

ICE segment held the majority market share in terms of revenue. It is attributed to its exceptional power and torque capabilities, allowing it to efficiently handle heavy loads and function in rugged terrain conditions. Internal combustion engines provide extended operational range and faster refueling times compared to electric counterparts, making them well-suited for extended work shifts and remote areas with limited EV charging infrastructure. Furthermore, ICE models often come with a lower initial cost, rendering them a more cost-effective option for businesses.

Electric segment will grow at robust pace. There is a noticeable trend towards environmental sustainability, driving a substantial shift towards electric power. Electric telehandlers have emerged as a significant solution in this regard, offering emission-free operation that effectively reduces carbon footprints and contributes to enhanced air quality. Additionally, advancements in battery technology have led to improved performance and extended operating times, making electric telehandlers a viable choice for a wide range of applications.

By End Use Analysis

  • Agriculture segment is expected to witness highest growth during forecast period

Agriculture segment will grow rapidly. The increasing adoption of mechanization in agriculture, aimed at enhancing efficiency and lowering labor expenses, has led to a substantial rise in the demand for telehandlers. Telehandlers offer a cost-effective solution for a range of tasks that would otherwise necessitate multiple machines or manual labor. Moreover, technological advancements in agriculture, including precision farming, automation, and data analytics, are ushering in a transformation in the agricultural industry. These technologies contribute to optimizing crop yields, reducing operational costs, and enhancing overall productivity. Consequently, these factors create lucrative opportunities for the growth of this segment.

Construction segment garnered the largest share. The heightened emphasis on infrastructure development, particularly in emerging economies, has fueled the demand for versatile and efficient machinery capable of handling heavy loads and navigating confined spaces within construction projects. There is a growing emphasis on safety and productivity in construction sites, leading to the adoption of telehandlers. These machines provide improved operator visibility, stability, and lifting capacities. Furthermore, advancements in telehandler design, including enhanced fuel efficiency, advanced control systems, and integration of telematics, contribute to improved performance and operational advantages.

Regional Insights

  • North America region dominated the global market in 2022

North America emerged as the largest region. The region's escalating demand for construction and infrastructure development initiatives has led to a heightened need for versatile and efficient material-handling equipment. Moreover, the increasing trend towards mechanization and automation across various industries, including agriculture, manufacturing, and logistics, is driving the adoption of telehandlers due to their capability to efficiently manage a wide range of tasks.

APAC region will grow rapidly. Region is experiencing rapid urbanization and significant infrastructure development, creating a substantial demand for telehandlers. Investments in construction projects, ranging from residential and commercial buildings to highways, bridges, and airports, are on the rise, leading to an increased requirement for telehandler operations. Moreover, the expanding agriculture sector in countries like China & India is fueling the demand for telehandlers across various applications, including crop and farm equipment handling, loading, and unloading.

Key Market Players & Competitive Insights

To meet customer expectations, manufacturers are integrating features like advanced control systems, telematics, enhanced safety measures, and improved fuel efficiency into their products. The integration of smart technologies will persist in creating fresh prospects for the telehandler market.

Some of the major players operating in the global market include:

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

Recent Developments

  • In April 2023, 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 that vary from 6,000 to 12,000 pounds.

Telehandler Market Report Scope

Report Attributes


Market size value in 2024

USD 4710.44 million

Revenue forecast in 2032

USD 7,055.46 million


5.20% from 2024 – 2032

Base year


Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Type, By Application, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa


Report customization as per your requirements with respect to countries, region and segmentation.

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