Telehandler Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Global Telehandler Market Size accounted for USD 6.3 Billion in 2022 and is projected to achieve a market size of USD 10.8 Billion by 2032 growing at a CAGR of 5.6% from 2023 to 2032.

Telehandler Market Highlights

• Global Telehandler Market revenue is expected to increase by USD 10.8 Billion by 2032, with a 5.6% CAGR from 2023 to 2032
• North America region led with more than 35% of Telehandler Market share in 2022
• Asia-Pacific Telehandler Market growth will record a CAGR of around 6.2% from 2023 to 2032
• The globally construction sector was worth USD 8.2 trillion in 2022, and it is expected to be worth USD 19 trillion by 2030
• By product, the large telehandler segment is the largest segment in the market, accounting for over 47% of the market share in 2022
• Growing construction and infrastructure projects worldwide, drives the Telehandler Market value

A telehandler, also known as a telescopic handler or a boom lift, is a versatile piece of heavy equipment widely used in construction, agriculture, and various industries. It combines the features of a forklift and a crane, featuring a telescopic boom that can extend vertically and horizontally. This capability allows telehandlers to lift and place heavy loads at heights and distances that traditional forklifts cannot reach. Telehandlers are equipped with various attachments, such as forks, buckets, or hooks, making them suitable for tasks ranging from material handling and loading to excavation and lifting.

The telehandler market has seen significant growth in recent years, driven by various factors. One key driver is the booming construction and infrastructure development sector in many parts of the world. Telehandlers are essential for tasks like lifting construction materials to higher floors and reaching tight spaces, making them indispensable in modern construction projects. Additionally, their versatility and adaptability have led to increased demand in industries such as agriculture, manufacturing, and logistics. Technological advancements, such as improved safety features and increased load capacities, have also contributed to the growth of the telehandler market. Furthermore, the trend towards mechanization and automation in various industries has further boosted the demand for telehandlers, as they offer efficient and cost-effective solutions for handling materials and equipment.

Global Telehandler Market Trends

Market Drivers

• Growing construction and infrastructure projects worldwide
• Increased mechanization in agriculture
• Versatility for various material handling tasks
• Technological advancements and safety features
• Demand for telehandlers in manufacturing and logistics

Market Restraints

• High initial purchase and maintenance costs
• Economic fluctuations affecting construction

Market Opportunities

• Adoption of electric and hybrid telehandlers
• Rental and leasing services for cost-conscious buyers

Telehandler Market Report Coverage

A telehandler, also known as a telescopic handler or boom lift, is a versatile and indispensable piece of heavy equipment used in various industries. Its defining feature is a telescopic boom that extends both vertically and horizontally, making it capable of reaching heights and distances that traditional forklifts or cranes cannot. Telehandlers are equipped with a variety of attachments, including forks, buckets, and hooks, allowing them to perform a wide range of tasks.

The applications of telehandlers are diverse and include construction, agriculture, manufacturing, logistics, and more. In construction, telehandlers are used to lift heavy materials to elevated positions, making them essential for tasks such as placing steel beams, lifting roof trusses, and handling concrete blocks. In agriculture, telehandlers aid in tasks like loading hay bales onto trucks, lifting pallets of feed, or even reaching high branches for pruning in orchards. In manufacturing and logistics, telehandlers are valuable for loading and unloading goods from trucks and containers, as well as stacking and organizing materials in warehouses. Their adaptability and ability to handle various attachments make telehandlers an indispensable asset in industries where efficient material handling and precise placement are critical to operations.

The telehandler market was experiencing steady growth, and several factors were contributing to its expansion. The construction industry was a significant driver of telehandler market growth, with an increasing number of infrastructure and real estate projects globally. Telehandlers play a crucial role in these projects by providing versatile material handling and lifting solutions. The demand for telehandlers was also being fueled by their versatility across various industries, such as agriculture, manufacturing, and logistics, where they are used for tasks ranging from loading and unloading to moving heavy materials and equipment efficiently..

Telehandler Market Segmentation

The global Telehandler Market segmentation is based on product, height, capacity, application, and geography.

Telehandler Market By Product

• Large Telehandler
• Compact Telehandler

According to the telehandler industry analysis, the large segment accounted for the largest market share in 2022. The larger telehandlers typically have higher lifting capacities, longer reach capabilities, and increased versatility, making them ideal for handling heavy loads and performing a wide range of tasks in demanding industries. One significant driver for the growth of the large telehandler segment is the expansion of infrastructure and construction projects globally. Large telehandlers are well-suited for tasks such as lifting steel beams, concrete forms, and other heavy construction materials to considerable heights. With the increasing demand for taller and more complex structures, the need for telehandlers with greater lifting capacities and extended reach has grown substantially.

Telehandler Market By Height

• Less Than 50 ft
• 50 ft & Above

In terms of heights, the less than 50 ft segment is expected to witness significant growth in the coming years. These compact and versatile machines are highly sought after in a wide range of industries due to their ability to maneuver in tight spaces and efficiently handle various materials. One of the primary drivers of growth in this segment is the booming construction industry, particularly in urban areas where space is limited. Telehandlers with a lift height of less than 50 feet are ideal for tasks such as loading and unloading construction materials, transporting them around the job site, and reaching heights necessary for low to mid-rise building projects. As urbanization continues to drive construction activity, the demand for these smaller, more maneuverable telehandlers remains strong. In addition to construction, the agricultural sector has also contributed significantly to the growth of this segment.

Telehandler Market By Capacity

• Below 3 Tons
• 3-10 Tons
• Above 10 Tons

According to the telehandler market forecast, the 3-10 tons segment is expected to witness significant growth in the coming years. This growth is driven by various factors contributing to its popularity across a range of industries. These telehandlers, with their versatile lifting capacities, are well-suited for medium to heavy-duty tasks and are considered workhorses in construction, agriculture, logistics, and manufacturing. One of the key drivers of growth in this segment is the expansion of the construction industry, especially in regions experiencing rapid urbanization and infrastructure development. Telehandlers with a lift capacity of 3-10 tons are in high demand for lifting and positioning heavy construction materials, aiding in tasks such as concrete pouring, steel erection, and material handling on construction sites. As more urban projects emerge and the need for efficient and reliable material handling equipment grows, this segment continues to thrive.

Telehandler Market By Application

• Construction
• Forestry
• Agriculture
• Mines and Quarries
• Others

Based on the application, the construction segment is expected to continue its growth trajectory in the coming years. These versatile machines have become essential tools for lifting, moving, and positioning heavy materials and equipment on construction sites of all sizes. One of the primary drivers of growth in the construction segment is the global surge in construction and infrastructure development. Rapid urbanization, population growth, and the need for modern infrastructure have led to an increase in construction projects worldwide. Telehandlers play a critical role in these projects, aiding in tasks such as lifting steel beams, concrete forms, and construction materials to significant heights. The ability of telehandlers to access tight spaces, their extended reach, and diverse attachments make them invaluable in constructing buildings, bridges, and other structures efficiently and safely. Moreover, technological advancements have contributed to the growth of the construction segment within the telehandler market.

Telehandler Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)