Telehandlers

Global Telehandlers Market to Reach US$8.3 Billion by 2030

The global market for Telehandlers estimated at US$6.3 Billion in the year 2024, is expected to reach US$8.3 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2024-2030. Less than 30 Feet, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$2.0 Billion by the end of the analysis period. Growth in the 30-60 Feet segment is estimated at 4.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 7.8% CAGR

The Telehandlers market in the U.S. is estimated at US$1.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.5% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Global Telehandlers Market - Key Trends and Drivers Summarized

What Are Telehandlers and Why Are They Essential?
Telehandlers, also known as telescopic handlers, are versatile lifting machines used across industries such as construction, agriculture, and logistics for material handling. These machines are equipped with a telescopic boom that can extend forward and upward, allowing them to lift and move heavy materials in hard-to-reach places. Telehandlers are essential for industries that require heavy lifting and material movement in rugged environments, such as construction sites and farms. With attachments like buckets, forks, and grapples, telehandlers can perform multiple tasks, making them highly versatile and cost-effective. The growing focus on productivity and operational efficiency in material handling has led to increased adoption of telehandlers across sectors.

How Are Technological Advancements Shaping the Telehandler Market?
The telehandler market is witnessing significant technological advancements aimed at improving machine efficiency, safety, and operator comfort. Manufacturers are increasingly integrating telematics and remote control systems into telehandlers, allowing operators to monitor machine performance in real-time and perform tasks with greater precision. Electric and hybrid telehandlers are also gaining traction as companies seek to reduce emissions and fuel costs. Furthermore, innovations in telehandler design, such as compact models and all-wheel drive systems, are enabling these machines to operate in confined spaces and on uneven terrain, expanding their application scope in both urban construction projects and agricultural operations.

What Segments Are Driving Growth in the Telehandler Market?
Product types include compact telehandlers and high-lift telehandlers, with compact models becoming increasingly popular due to their versatility and ability to operate in confined spaces. In terms of application, the construction sector remains the largest user of telehandlers, driven by the increasing number of infrastructure projects worldwide. However, the agriculture sector is rapidly emerging as a key market, as telehandlers are being used for tasks such as lifting hay bales, moving feed, and performing general farm maintenance. Geographically, Europe leads the market due to its robust construction and agricultural sectors, while North America and Asia-Pacific are experiencing strong growth driven by infrastructure development and mechanization in farming.

The Growth in the Telehandler Market Is Driven by Several Factors
The growth in the telehandler market is driven by several factors, including the increasing demand for material handling equipment in the construction and agriculture sectors, the adoption of advanced technologies such as telematics, and the growing focus on sustainability. The rise of infrastructure projects, particularly in emerging economies, is boosting the demand for versatile and efficient material handling solutions. Additionally, the agricultural sector’s push toward mechanization is fueling demand for telehandlers that can perform a wide range of tasks on farms. The introduction of electric and hybrid telehandlers is also driving market growth, as companies seek to reduce their environmental impact and comply with stringent emissions regulations. The growing rental market for construction equipment is further contributing to the expansion of the telehandler market, as businesses look for cost-effective solutions to meet their material handling needs.

SCOPE OF STUDY:

The report analyzes the Telehandlers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Lift Height (Less than 30 Feet, 30-60 Feet, and More than 60 Feet); Ownership (Rental Service Providers, and End-Users); and Application (Construction, Agriculture, Industrial, and Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 13 Featured) -

• AB Volvo
• Bobcat Company
• Caterpillar, Inc.
• CNH Industrial NV
• Dieci Americas Telehandlers
• Doosan Infracore Co., Ltd.
• Haulotte Group
• J C Bamford Excavators Ltd. (JCB)
• JLG Industries, Inc.
• Komatsu Ltd.
• Kramer-Werke GmbH
• Liebherr-International AG
• Manitou
• Manitou Group
• MERLO S.p.A.
• SENNEBOGEN Maschinenfabrik GmbH
• Skyjack
• Weidemann GmbH
• XCMG Group

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

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INDIA
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