- Less than 50 ft
- 50 ft & more
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
Fastest Growing Market
Some of the key factors fueling the market growth include increasing infrastructural activities in emerging regions, growth of the global livestock farming, rising demand to handle livestock feed such as forage and fodder, extensive use of these instruments in construction and agriculture purposes, rising e-commerce sector in numerous countries and high demand for telehandlers in farming and agricultural activities. However, limited number of suppliers and high cost of instruments are hindering the market growth. Further, increasing consciousness regarding to vehicular emissions from heavy construction machinery together with strict emission rules is providing vigorous growth opportunities for the market.
The telehandler market is projected to expand at a CAGR of 4.3% during the forecast period.
CNH, Manitou, Terex, Merlo, Claas
North America is the fastest-growing region for telehandler market