Telehandler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Telehandler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global telehandler market reached a value of US$ 6.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.6 Billion by 2027, exhibiting a CAGR of 5.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A telehandler, or telescopic handler, refers to a versatile lifting machine that can be converted to crane equipment for grabbing and clamping construction material. It is fitted with various attachments, such as pallet forks, winches, muck grabs and buckets to lift and move heavy industrial pipes, buckets, cartons and construction materials, and dig trenches and underground mines. It offers various advantages, such as suitability for on-road and off-road driving, high load capacity, flexibility and high loading height. As a result, it finds extensive applications across various industries, including construction, agriculture and mining.

Rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, increasing utilization of telehandlers for solid waste management and recycling activities is providing a thrust to the market growth. Telehandlers are equipped with various attachments to move agricultural materials, such as stacks of hay, livestock feed and fodder and heavy containers. They are also used for landscaping and other gardening activities in numerous urban planning projects. In line with this, the advent of rental services of construction equipment is also favoring the market growth. This, in turn, has enabled the equipment manufacturers and rental fleet owners to reach a broader consumer base and provide customized solutions. Additionally, various product innovations, such as the development of electric engine telehandlers with higher loadbearing and 360-degree movement capabilities, are creating a positive outlook for the market. Other factors, including rapid urbanization across developing economies, along with extensive infrastructural developments across the globe, are anticipated to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global telehandler market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, type, ownership, height, capacity and application.

Breakup by Product:

Compact Telehandler
Large Telehandler

Breakup by Type:

Rotating
Non-rotating

Breakup by Ownership:

Rental
Personal

Breakup by Height:

Less Than 50 ft
50 ft & Above

Breakup by Capacity:

Below 3 Tons
3-10 Tons
Above 10 Tons

Breakup by Application:

Construction
Agriculture
Forestry
Mines and Quarries
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being AB Volvo, Caterpillar Inc., Doosan Infracore Co. Ltd., Haulotte Group (Solem SA), J.C. Bamford Excavators Limited, JLG Industries Inc. (Oshkosh Corporation), Komatsu Limited, Liebherr Maschinen Bulle AG, Manitou Group, Merlo S.p.A. Industria Metalmeccanica, Skyjack Inc. (Linamar Corporation), Terex Corporation and Wacker Neuson SE. Key Questions Answered in This Report:

How has the global telehandler market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global telehandler market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the type?
What is the breakup of the market based on the ownership?
What is the breakup of the market based on the height?
What is the breakup of the market based on the capacity?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global telehandler market and who are the key players?
What is the degree of competition in the industry?