The Telehandler Market size was valued at USD 5.66 Billion in 2023 and is now anticipated to grow to USD 8.56 Billion by 2032, displaying a compound annual growth rate (CAGR) of 4.87% during the forecast Period 2024-2032.
The telehandler market is witnessing significant growth, driven by the increasing demand for versatile material handling equipment in industries such as construction, agriculture, and logistics. Telehandlers, also known as telescopic handlers, offer the flexibility of lifting, placing, and moving materials in hard-to-reach places with precision. Their ability to perform multiple tasks, such as loading, digging, and transporting heavy materials, makes them indispensable on construction sites and in warehouse operations. In addition, the growing emphasis on improving operational efficiency and safety in industrial processes is further fueling the adoption of advanced telehandlers equipped with modern features like GPS tracking, advanced telematics, and automated controls.
Market growth is also supported by the development of telehandlers with enhanced fuel efficiency and lower emissions, aligning with global trends toward sustainability and green construction practices. Manufacturers are increasingly focusing on producing electric and hybrid telehandlers to meet the stringent regulations aimed at reducing carbon footprints in the industrial sector. Additionally, the rental market for telehandlers is expanding, driven by the need for cost-effective solutions in the construction and agricultural sectors. As a result, the global telehandler market is poised for continuous growth, with advancements in technology and increased investments in infrastructure development playing a crucial role in shaping its future trajectory.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Telehandler industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Telehandler market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
AB Volvo, Caterpillar., CNH Industrial N.V., HAULOTTE GROUP, J C Bamford Excavators Ltd., Komatsu Ltd., L&T Technology Services Limited., Oshkosh Corporation, Terex Corporation., Wacker Neuson S and others
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Telehandler market.
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It has segmented the global Telehandler market
by Product
- Large
- Compact
by Propulsion
- ICE
- Electric
by Lift Capacity
- Less than 3 Ton
- 3 - 10 Ton
- More than 10 Ton
by End Use
- Construction
- Agriculture
- Manufacturing
- Others
Key Objectives of the Global Telehandler Market Report:
- The report conducts a comparative assessment of the leading market players participating in the global Telehandler
- The report marks the notable developments that have recently taken place in the Telehandlerindustry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Telehandler market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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