Telehandler Market Size, Trends, Share & Demand Forecast 2024-2032

IMARC Group’s report titled “Telehandler Market Report by Product (Compact Telehandler, Large Telehandler), Type (Rotating, Non-rotating), Ownership (Rental, Personal), Height (Less Than 50 ft, 50 ft & Above), Capacity (Below 3 Tons, 3-10 Tons, Above 10 Tons), Application (Construction, Agriculture, Forestry, Mines and Quarries, and Others), and Region 2024-2032”,?The global telehandler market size reached US$ 6.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.

Factors Affecting the Growth of the Telehandler Industry:

• Growing Demand in Construction and Infrastructure:

The telehandler market is growing fast due to the increasing need for construction and infrastructure projects. As cities grow, there is a greater need for new homes, offices, and factories. This means more demand for equipment like telehandlers, which are used to lift heavy materials and reach high places. They are essential on construction sites. Government investments in projects like roads, bridges, and public buildings are also helping the market grow. As construction companies look for ways to improve efficiency, they are choosing telehandlers with better features like easier movement, stronger lifting power, and better safety. This trend is expected to continue, helping the market grow even more.

• Technological Improvements:

New technology is making telehandlers safer, easier to use, and more efficient. Features like telematics allow businesses to track their equipment in real-time, making it easier to manage and reduce costs. The development of electric and hybrid models is helping meet environmental concerns and stricter regulations, making telehandlers more attractive to eco-friendly buyers. Other new technologies like automation and smart controls are improving the way these machines work, making them safer and more efficient in tough conditions. As companies invest in these new technologies, the market will grow even more, attracting customers who want efficient and sustainable equipment.

• Popularity in Agriculture:

Telehandlers are becoming more popular in farming because they are useful for tasks like lifting hay bales, moving feed, and handling crops. Unlike regular forklifts, telehandlers can reach higher and handle materials in difficult, uneven areas on farms. They can also attach different tools, like buckets or forks, making them useful for many different jobs. As farming becomes more modern, telehandlers help reduce labor costs and improve productivity. This increase in use of telehandlers in farming will continue to grow the market.

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Leading Companies Operating in the Global Telehandler Industry:

• 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

Telehandler Market Report Segmentation:

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

Regional Insights:

• 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

Telehandler Market Trends: In 2024, the telehandler market will focus on a few key trends. One important trend is the demand for eco-friendly equipment, with more electric and hybrid models to meet stricter environmental rules. Another trend is the use of smart technology, such as better controls, safety systems, and tracking features that improve efficiency and reduce accidents. Also, more companies will start using rental services for telehandlers, allowing them to use the equipment without the cost of owning it. Overall, the telehandler market in 2024 will focus on sustainability, new technology, and making equipment more accessible, leading to continued growth.

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