In a dynamic market landscape, the global telehandlers market is gearing up for substantial growth, with Future Market Insights (FMI) forecasting a robust Compound Annual Growth Rate (CAGR) of 5.1%. By the conclusion of the decade in 2030, the market is poised to attain an estimated value of approximately US$ 6,247.6 million. This impressive surge in demand for telehandlers can be attributed to their remarkable versatility, making them indispensable in various sectors, including infrastructure and construction development projects, manufacturing, mineral processing, and mining industries.
Telehandlers, also known as telescopic handlers or teleboom forklifts, are becoming increasingly indispensable in modern construction and industrial settings. Their ability to accommodate a wide range of attachments and handle diverse tasks has fueled their popularity. This adaptability not only enhances efficiency but also reduces the need for multiple specialized machines, streamlining operations and reducing costs.
Future Market Insights (FMI) has identified North America as the frontrunner in the global telehandlers market, followed closely by Europe. These regions command a prominent share of the market and boast a well-organized array of market participants. By the end of 2030, North America and Europe are projected to collectively hold an impressive revenue share of 70.6% in the global market.
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Telehandlers have developed from a conventional landscaping and farming machinery to a much more sophisticated construction equipment. Telehandlers manufacturers invest heavily in RD to develop and incorporate changes in their product line.
While the US and European countries have been the early adopters of telehandlers, future growth will be reliant on demand from China, India, Brazil, GCC, and countries where mega projects are coming up.
Given their multipurpose features that enables them to perform the tasks of cranes, loaders, and access equipment in several industries, telehandlers are set to be the first machinery that can be deployed at operation sites for material handling without prior ground preparation.
Tech-driven performance and dependence in tandem with total cost of ownership (TCO) possess better value of money over long run.
End-users, seeking customized solutions at slightly higher price, will find value addition in telehandlers as overall machine expense and its utilization in projects will justify customers’ initial investment in the machinery.
Key Takeaways of Telehandlers Market Study:
- Worldwide sales of telehandlers to surpass US$ 6 Bn in 2030
- Manufacturers to reap substantial gains from telehandlers having maximum lift height of 30′-60′
- ‘Electrification’ and ‘lightweighting’ to emerge as disruptive forces in global market
- The US and Europe remain the most lucrative markets
“Telehandlers are equipped with an array of attachments including, jib and crane, pallet fork, tire handlers, and re-handling multi-purpose buckets, and these attachments are transforming continuously as the cab continues to explore potential application avenues,” says analyst at FMI.
Telehandlers Market – Competitive Intelligence:
Top Key Players covered in the report:
Danfoss, Terex Corporation (Genie), Haulotte Group, Oshkosh Corporation (JLG Industries, Inc.), Linamar Corporation, Manitou BF, J C Bamford Excavators Ltd., MAGNI Telescopic Handlers Srl, Doosan Bobcat, CLAAS KGaA mbH, Wacker Neuson SE, Xtreme Manufacturing Llc
The global telehandlers market is highly consolidated with prominent players capturing about two-fifths of overall market value. Manufacturers are developing telehandlers armed with new features in an effort to lock in customers and achieve economies of scale. For instance,
JCB has rolled out its new telehandlers – Hydraload 555-210R – with rotating telescopic handler. The machine comes with maximum lifting height of 20.5 m and maximum lift capacity of 5.5 tons
Xtreme Manufacturing has introduced telehandlers that exhibit 17,000-pound capacity. The telehandlers are armed with the company’s novel modular cab design that allows them to be simply switched from open to enclosed, or vice versa, with an optional gear. This offers customers with enhanced flexibility while running telehandlers in several environments
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Market Segments:
By Maximum Lift Height:
- Upto 30’
- 30’ – 60’
- More than 60’
By Ownership:
- Rental Services
- End Use Industries
- Construction
- Agriculture Aftermarket
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- MEA
- Oceania
