Telehandler Market Size & Share to be Worth USD 7055.46 Million by 2032

Telehandler Market Size Worth $7,055.46 Million By 2032 | CAGR: 5.20%


The global telehandler market size is expected to reach USD 7,055.46 million by 2032, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growth is propelled by the booming construction industry, especially in emerging economies. This is primarily due to rise of urbanization, increased infrastructure development projects, and a growing demand for efficient material-handling equipment. As cities continue to expand and populations increase, there is an ever-increasing need for modern and well-equipped structures. Consequently, construction companies are increasingly turning to telehandlers to efficiently manage heavy loads and streamline material handling processes at construction sites.

The flourishing e-commerce industry has significantly transformed retail, leading to a surge in demand for efficient logistics operations. E-commerce companies heavily rely on warehousing and distribution centers for storing, sorting, and shipping products. Telehandlers play a crucial role in loading & unloading materials from containers, as well as transporting goods within these facilities. With the continuous expansion of e-commerce, there is a growing need for larger distribution centers. These facilities require telehandlers, to ensure smooth & rapid operations.

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Telehandlers have experienced impressive progress, integrating advanced control systems that substantially enhance operator comfort and efficiency. These state-of-the-art systems encompass a range of features, including joystick controls, user-friendly operator interfaces, and intuitive displays. By incorporating these cutting-edge controls, telehandlers have become more agile, stable, and precise, fundamentally transforming how operators handle various loads. This has resulted in heightened efficiency and safety across their operations.

Furthermore, the integrated control systems present in contemporary telehandlers substantially elevate the machine's responsiveness, stability, and precision. These systems continuously monitor and adjust to changing conditions through advanced algorithms and sensors, guaranteeing smooth and well-controlled movements. This heightened level of responsiveness empowers operators to efficiently manage loads, consequently lowering the potential for accidents and minimizing both machine and environmental damage.

Telehandlers Market Report Highlights

  • Compact segment will grow at substantial pace, on account of its ability complete variety of tasks
  • Electric segment will grow rapidly, owing to rise in investments, improved operational efficiencies, & rising pressure to curb carbon emissions
  • Construction segment dominated the market, due to rise in infrastructure projects in the emerging nations, strong government push with public private partnerships
  • Asia Pacific will grow at rapid pace, on account on vast government backed infrastructure projects in South East Asian nations
  • North America garnered the largest share, owing to developed manufacturing industry, robust supply chain network
  • The key market players include AB Volvo, Caterpillar, CNH Industrial, Doosan Corporation, HAULOTTE GROUP, Komatsu, L&T Technology Services, and Manitou.com.

Polaris Market Research has segmented the telehandlers market report based on product, propulsion type, lifting capacity, end use, and region:

Telehandlers, Product Outlook (Revenue - USD Million, 2019 - 2032)

  • Large
  • Compact

Telehandlers, Propulsion Type Outlook (Revenue - USD Million, 2019 - 2032)

  • ICE
  • Electric

Telehandlers, Lifting Capacity Outlook (Revenue - USD Million, 2019 - 2032)

  • Less than 3 Ton
  • 3 - 10 Ton
  • More than 10 Ton

Telehandlers, End Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Construction
  • Agriculture
  • Manufacturing
  • Others

Telehandlers, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Telehandler Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 4710.44 million

Revenue forecast in 2032

USD 7,055.46 million

CAGR

5.20% from 2024 – 2032

Base year

2023

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

Customization

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

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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