Telehandler Market: By Height (Less than 50 ft and 50 ft & more), By Product Type (Rotating Telehandler and Non-rotating Telehandler), By End User (Construction, Mining, Agriculture  and Others) and Geography  

Telehandler Market was valued at USD 5,963.2 million in 2022 and is poised to grow with a CAGR of 4.3% over 2023-2029. Construction accounted for a larger revenue share in the global telehandler market with a significant CAGR and is expected to grow over the forecast years. The construction segment will account for the significant growth in the global market during the forecast period due to the growth of the global residential and industrial construction market. They are witnessing increasing demand in construction and infrastructure development projects. Being versatile in application and possessing the capability of having different attachments, they are serving customers in mineral processing, manufacturing, and mining industries. The global telehandler market is surging owing to strategic alliances by key players for telehandlers to meet the demands of the customers in the market.

Telehandler Market Key Developments:

• In November 2017, Doosan Infracore Co. Ltd. launched the new Bobcat V723 VersaHANDLER telescopic tool carrier also known as telehandlers. The new product is included in 7,000 to 8,000-pound size class and can easily handle heavy loads. It also features Power Quick-Tach attachment mounting system, which increases its functionality.
  
  
• In June 2019, JCB launched the new Hydraload 555-210R telehandler with rotating telescopic handler. The product features maximum lift capacity of 5.5 tons with maximum lifting height of 20.5m