The global telehandler industry is on track for solid expansion over the next decade, driven by rapid infrastructure development, increased mechanization in agriculture, and a growing preference for versatile lifting equipment. The Telehandler Market size was valued at USD 5.66 billion in 2023 and is now anticipated to reach USD 8.56 billion by 2032, marking a compound annual growth rate (CAGR) of 4.87% during the forecast period from 2024 to 2032.
The Telehandler Market is benefiting from a surge in demand across various sectors, particularly in construction, mining, logistics, and agriculture. As modern job sites require machines that can perform multiple functions—such as lifting, loading, and material handling—telehandlers are increasingly favored for their adaptability and efficiency. Their capability to operate with different attachments, including buckets, forks, and winches, makes them indispensable across a wide range of applications.
Key Market Drivers:
- Infrastructure Expansion and Urbanization:
Ongoing urban development and infrastructure projects, particularly in Asia-Pacific and Latin America, are accelerating demand for high-performance material handling solutions. Telehandlers are vital in handling materials at height in tight urban construction zones.
- Agricultural Mechanization and Equipment Modernization:
With farm productivity becoming increasingly critical, telehandlers offer an ideal solution for lifting and transporting loads, bale stacking, and feed handling. Farmers and agri-enterprises are investing in compact, efficient machinery to reduce manual labor and improve productivity.
- Rental Market Growth:
Rising equipment costs and short-term project needs are fueling growth in the equipment rental industry, where telehandlers are among the most requested machines due to their flexibility, cost-effectiveness, and utility across various terrains.
- Technological Innovations and Safety Enhancements:
Modern telehandlers now integrate advanced telematics, load management systems, and operator-assist technologies to enhance safety and operational efficiency. These advancements are particularly appealing to fleet operators and construction firms focused on productivity and compliance.
- Emphasis on Sustainability and Low Emissions Equipment:
Demand is increasing for electric and hybrid telehandlers as companies look to reduce their environmental footprint and comply with new emission regulations, especially in Europe and North America.
Key Players
- AB Volvo
- Caterpillar Inc.
- CNH Industrial N.V.
- HAULOTTE GROUP
- J C Bamford Excavators Ltd.
- Komatsu Ltd.
- L&T Technology Services Limited
- Oshkosh Corporation
- Terex Corporation
- Wacker Neuson SE
- Manitou Group
- Bobcat Company
- Doosan Infracore
- Merlo S.p.A.
- Liebherr Group
- Skyjack Inc.
- XCMG Group
- Pettibone LLC
- Dieci S.r.l.
- Faresin Industries S.p.A.
Conclusion:
The telehandler market is set to experience consistent growth over the coming years, bolstered by increased infrastructure spending, growing mechanization in agriculture, and ongoing innovations in lifting and material handling technology. As industries seek equipment that combines strength, versatility, and sustainability, manufacturers that prioritize innovation and customer-centric design will be best positioned to lead this expanding market.
Contact Us:
Jagney Dave - Vice President of Client Engagement
Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)
Related Reports
Industrial Utility Communication U.S. Market
U.S. HVAC Linset Market
Industrial Dryers Market in U.S.
Locked
