According to our (Global Info Research) latest study, the global Agricultural Telescopic Forklift market size was valued at US$ 514 million in 2024 and is forecast to a readjusted size of USD 849 million by 2031 with a CAGR of 7.5% during review period.
A telescopic forklift, also known as a telehandler, is a machine popularly used within agriculture and other industries. It has many of the same qualities as a regular fork, however, it has a boom lift which makes it more versatile and gives it some of the same capabilities as a crane.
The agricultural telescopic forklift market is experiencing steady growth, driven by several factors:
Rising demand for efficiency and productivity: Telescopic forklifts offer significant advantages over traditional forklifts in agricultural applications. Their extendable booms provide greater reach and lifting capacity, allowing them to handle tasks like loading and unloading trailers, stacking bales, and placing irrigation equipment more efficiently. This translates to reduced labor costs and increased productivity for farms.
Growing adoption of precision agriculture: The increasing use of precision agriculture techniques, such as GPS-guided equipment and automated systems, is creating a need for versatile machinery that can handle various tasks with accuracy. Telescopic forklifts, with their maneuverability and multi-functionality, are well-suited for this purpose.
Government subsidies and incentives: In some regions, governments are providing subsidies and incentives to encourage the adoption of advanced agricultural machinery. This has made telescopic forklifts more accessible to farmers, further boosting market growth.
Focus on safety and operator comfort: Manufacturers are increasingly focusing on improving the safety and comfort features of telescopic forklifts. This includes features like load-limiting systems, rollover protection, and ergonomic cabins. These advancements make the machines more appealing to farmers, leading to higher adoption rates.
Market challenges:
Despite the positive outlook, the agricultural telescopic forklift market also faces some challenges:
High initial cost: Compared to traditional forklifts, telescopic forklifts have a higher upfront cost, which can be a barrier for some farmers.
Maintenance requirements: Telescopic forklifts have complex mechanisms that require regular maintenance and upkeep. This can be a challenge for farms with limited resources.
Skilled labor: Operating a telescopic forklift safely and efficiently requires proper training and skill. This can be a challenge for farms with limited access to skilled labor.
This report is a detailed and comprehensive analysis for global Agricultural Telescopic Forklift market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Agricultural Telescopic Forklift market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Agricultural Telescopic Forklift market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Agricultural Telescopic Forklift market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Agricultural Telescopic Forklift market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Agricultural Telescopic Forklift
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Agricultural Telescopic Forklift market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Bobcat Company, Kubota, JCB, JLG, Manitou, AGCO GmbH, CLAAS Group, DIECI S.r.l., Weidemann, Storti, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Agricultural Telescopic Forklift market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Two Wheel Steering
Four Wheel Steering
Others
Market segment by Application
Agricultural Products
Feed
Hay
Others
Major players covered
Bobcat Company
Kubota
JCB
JLG
Manitou
AGCO GmbH
CLAAS Group
DIECI S.r.l.
Weidemann
Storti
Thaler GmbH & Co. KG
Kramer-Werke GmbH
Faresin Industries
Merlo SpA
Haulotte
Case IH
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Agricultural Telescopic Forklift product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Agricultural Telescopic Forklift, with price, sales quantity, revenue, and global market share of Agricultural Telescopic Forklift from 2020 to 2025.
Chapter 3, the Agricultural Telescopic Forklift competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Agricultural Telescopic Forklift breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Agricultural Telescopic Forklift market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Agricultural Telescopic Forklift.
Chapter 14 and 15, to describe Agricultural Telescopic Forklift sales channel, distributors, customers, research findings and conclusion.
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