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The latest report by IMARC, titled “ Telehandler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-202 8
” the global telehandler market size reached US$ 6.5 Billion in 2022.
A telehandler, or telescopic handler, is a versatile piece of equipment used to lift heavy loads. It is equipped with telescopic booms, which are fitted with various attachments to allow telehandlers to perform a wide variety of functions. It can also move diagonally to pick up and transport loads that unidimensional forklifts cannot move. With its extendable boom, a telehandler can easily access odd angles and tight spaces.
It also has the ability to suspend loads with a chain and shift heavy loads to areas that are hard to reach. As a result, telehandlers are used across dockyards, warehousing operations, and recycling operations to load and unload goods and move packed goods around storage areas.
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The global telehandler market is primarily driven by the collaboration between construction equipment manufacturers and rental agencies due to the expansion of the construction industry. Besides this, various technological advancements, such as the introduction of electric and lithium-ion powered telehandlers, are significantly bolstering the market growth. These variants also facilitatea shift toward green logistics, reducing the environmentaldamage by minimizing pollution caused during the operations.
Furthermore, the growing use of telehandlers in the agricultural and infrastructure industry for landscaping and other gardening activities in various urban planning projects is positively influencing the market growth across the globe. Looking forward, the market value is expected to reach US$ 9.2 Billion by 2028, exhibiting a CAGR of 5.6% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
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 with Key Players:
• 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
• Wacker Neuson SE
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