Telehandler Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034

The Global Telehandler Market was valued at USD 7.07 billion in 2024 and is anticipated to grow at a strong CAGR of 5.8% between 2025- 2034. This growth is driven by the increasing demand for large electric telehandlers, the rising popularity of rental applications, and the overall boom in construction, agriculture, and industrial activities across the region.

The market for large telehandlers segment will generate USD 7.7 billion in 2034 due to the growing emphasis on sustainability, reducing carbon emissions, and improving energy efficiency. Electric telehandlers, particularly large models, are gaining popularity as they offer several advantages, such as zero emissions, lower operating costs, and quieter operation compared to their diesel counterparts.

These models are increasingly being used in industries such as construction, agriculture, and logistics, where high lifting capacity and long working hours are required. Large electric telehandlers are ideal for applications that demand heavy lifting and precise maneuvering, while also meeting environmental regulations that are becoming increasingly stringent in Europe. As technology advances, the development of more powerful and cost-effective electric telehandlers is expected to further drive market adoption.

The rental application segment is projected to grow at USD 3.7 billion by 2034, driven by the growing preference for cost-effective, flexible material handling solutions. Rental companies offer telehandlers as a convenient and affordable option for industries that require equipment for short-term projects or seasonal demands, especially in sectors such as construction, agriculture, and infrastructure development.

By providing access to a range of telehandlers without the need for long-term investments or maintenance costs, rental services enable businesses to scale up operations quickly and efficiently. In Europe, where construction and infrastructure projects are booming, the demand for rental telehandlers is expected to rise significantly.

Additionally, the rental market also benefits from technological advancements, such as telematics and fleet management systems, which improve the overall efficiency and monitoring of rented equipment. This ensures that operators can access well-maintained and up-to-date telehandlers that meet their operational needs, further driving the growth of rental applications.

Europe Telehandler Market will generate USD 3.3 billion by 2034 due to its advanced infrastructure, large construction and agricultural sectors, and strong push for sustainable and energy-efficient technologies. The growing emphasis on sustainability and reducing emissions across the continent has accelerated the adoption of electric telehandlers, especially in countries such as Germany, France, and the UK, where stringent environmental regulations are in place. In addition, Europe’s robust construction industry, which includes large-scale infrastructure projects, real estate development, and agricultural operations, creates significant demand for telehandlers with both large lifting capacities and eco-friendly features. The growing trend toward rental applications further boosts the telehandler market, as European construction companies, industrial sectors, and agriculture businesses look for flexible, cost-effective material handling solutions.