Telehandler Market Size - By Product (Large Telehandler, Compact Telehandler), By Type (Electric, Engine Powered), By Application (Rental, Construction & Mining, Agriculture, Industrial), Regional Insights & Forecast, 2023-2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Telehandler Market Size - By Product (Large Telehandler, Compact Telehandler), By Type (Electric, Engine Powered), By Application (Rental, Construction & Mining, Agriculture, Industrial), Regional Insights & Forecast, 2023-2032
Telehandler Market Size - By Product (Large Telehandler, Compact Telehandler), By Type (Electric, Engine Powered), By Application (Rental, Construction & Mining, Agriculture, Industrial), Regional Insights & Forecast, 2023-2032
Telehandler Market Size
Telehandler Market size is poised to witness more than 11% CAGR from 2023 to 2032. The rising emphasis on construction activities in developing and developed economies, resulting from urbanization and infrastructure projects is a major driver of the market growth.
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Telehandlers offer the advantage of enhanced maneuverability, enabling operators to access tight spaces with heavy loads, which conventional equipment may struggle to achieve. The incorporation of technologies like telematics and IoT in telehandlers has revolutionized the maintenance and operational efficiency of these machines. Similarly, the competitive landscape that is characterized by key players vying for dominance through innovations, strategic partnerships, and a focus on sustainable practices, will the shape the industry outlook.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 11% |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 245 |
| Tables, Charts & Figures | 338 |
| Segments covered | Product, Type, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Market Drivers & Restraints
The versatile applications of telehandler across industries such as construction, agriculture, and logistics is expected to influence market growth. The machine usage for tasks such as lifting and loading, coupled with its ability to accommodate a variety of attachments, amplifies the utility of telehandlers across industries. One major challenge is the high initial cost associated with purchasing telehandlers. This cost, in conjunction with the need for training operators to handle these specialized machines, can deter small and medium-sized enterprises from investing in telehandlers. Moreover, the regulatory constraints related to emissions and safety standards also pose challenges for manufacturers to develop compliant and environmentally-friendly machines without compromising on performance.
Telehandler Market Trends
In terms of market trends, automation and electrification are at the forefront. The integration of automation technologies like robotics and remote control systems aims to enhance operator safety and productivity. In addition, the transition toward electric telehandlers is gaining traction, propelled by environmental concerns and the need for quieter and emission-free operations. This shift aligns with the broader trend of sustainability, prompting manufacturers to invest in R&D of electric telehandler variants with competitive performance metrics. Furthermore, the adoption of advanced materials and manufacturing techniques is enabling the production of telehandlers that are lighter yet more robust, contributing to better fuel efficiency and reduced maintenance costs.
COVID-19 Impact
The COVID-19 pandemic has had a mixed impact on the telehandler market. The initial phases of the pandemic led to disruptions in production and supply chains. The economic uncertainties compelled the businesses to reconsider capital investments, dampening the demand. However, as the pandemic subsided with operations resuming, there was a resurgence in sales, primarily fueled by the need for quick and efficient material handling in e-commerce, healthcare, and essential goods industries. This scenario underscored the importance of telehandlers in maintaining a seamless supply chain during crises, favoring the market outlook.
Telehandler Market Analysis
The compact telehandlers segment held around 20% share of the telehandler industry in 2022 and is expected to register significant growth through 2032. These machines offer the advantage of compact dimensions while retaining substantial lifting capacities. Their ability to operate in confined spaces and navigate through narrow aisles makes them an ideal choice for construction sites with limited maneuvering space. Additionally, the rise of urban construction projects, characterized by space constraints, has bolstered the demand for compact telehandlers, further solidifying their prominence in the market.
The electric telehandler market size is projected to surpass USD 2 billion by 2032, on account of the increasing environmental concerns and stricter emission regulations. Electric telehandlers offer benefits such as reduced noise pollution, lower operating costs, and zero emissions, making them particularly attractive for indoor applications as well as for environmentally-sensitive areas. The advancements in battery technology have extended the operating time of electric telehandlers, making them a feasible option for various applications that require extended runtime.
North America telehandler market has demonstrated resilience and is anticipated to reach USD 4 billion by 2032. The United States and Canada are witnessing significant construction activities, including residential, commercial, and infrastructure projects. The need for modernizing infrastructure, coupled with the emphasis on sustainable practices, has driven the adoption of telehandlers in the region. Furthermore, the prevalence of advanced manufacturing practices and the presence of key telehandler manufacturers contribute to the robust market landscape in North America.
Telehandler Market Share
Some of the major telehandler companies in the global market are
- Hunan Sinoboom Heavy Industry Co. Ltd.
- JCB
- Tadano
- Haulotte Group
- Doosan Infracore Co. Ltd.
- Skyjack
- Terex Corporation
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
- Snorkel
- JLG Industries
- Manitou Group
- Socage Srl
Telehandler Business News
- In April 2021, JLG Industries enhanced its telehandler portfolio with the introduction of an innovative high-capacity model — the 2733. Boasting an impressive maximum capacity of 26,600 lbs, designed to tackle the challenges of managing and transporting hefty and unwieldy materials.
- In March 2022, Manitou Group introduced the ultra-compact telehandler model that is highly productive and user-friendly. The new model comes with a variety of purpose-designed attachments that significantly expand its applicability, granting users a broader array of choices.
This market research report on telehandler includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2022 to 2032 for the following segments
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Market, By Product
- Large telehandler
- Compact telehandler
Market, By Type
- Electric
- Engine powered
Market, By Application
- Rental
- Construction & mining
- Industrial
- Agriculture
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- MEA
- Saudi Arabia
- UAE
- South Africa
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Definitions & forecast parameters
1.1.1 Definitions
1.1.2 Methodology and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Telehandler industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Type trends
2.1.4 Application trends
2.1.5 Regional trends
Chapter 3 Industry Insights
3.1 Industry segmentation
3.2 Impact of COVID-19 on telehandler industry landscape
3.2.1 Global outlook
3.2.2 Regional impact
3.2.2.1 North America
3.2.2.2 Europe
3.2.2.3 Asia Pacific
3.2.2.4 Latin America
3.2.2.5 MEA
3.2.3 Industry value chain
3.2.3.1 Research & development
3.2.3.2 Manufacturing
3.2.3.3 Marketing
3.2.3.4 Supply
3.2.4 Competitive landscape
3.2.4.1 Strategy
3.2.4.2 Distribution network
3.2.4.3 Business growth
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Technology providers
3.3.3 Manufacturers
3.3.4 End use landscape
3.3.5 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Technology & innovation landscape
3.5 Regulatory landscape
3.5.1 North America
3.5.2 Europe
3.5.3 Asia Pacific
3.5.4 Latin America
3.5.5 MEA
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Proliferation of rental equipment services
3.6.1.2 Growing construction and infrastructural investments in North America
3.6.1.3 Increasing demand for technologically advanced telehandlers in Europe
3.6.1.4 Rapidly growing industrial sector in Asia Pacific
3.6.1.5 Rising number of mining projects in Latin America
3.6.1.6 Construction of smart cities in MEA
3.6.2 Industry pitfalls & challenges
3.6.2.1 High initial and maintenance cost of telehandlers
3.6.2.2 Lack of skilled operators
3.7 Growth potential analysis
3.8 Porter's analysis
3.8.1 Supplier power
3.8.2 Buyer power
3.8.3 Threat of new entrants
3.8.4 Threat of substitutes
3.8.5 Internal rivalry
3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share analysis, 2022
4.3 Key player analysis
4.4 Competitive analysis of major market players, 2022
Chapter 5 Telehandler Market, By Product (Revenue & Shipment)
5.1 Key trends by product
5.2 Large telehandler
5.2.1 Market estimates and forecast, 2018 - 2032
5.3 Compact telehandler
5.3.1 Market estimates and forecast, 2018 - 2032
Chapter 6 Telehandler Market, By Type (Revenue & Shipment)
6.1 Key trends by type
6.2 Electric telehandler
6.2.1 Market estimates and forecast, 2018 - 2032
6.3 Engine powered telehandler
6.3.1 Market estimates and forecast, 2018 - 2032
Chapter 7 Telehandler Market, By Application (Revenue & Shipment)
7.1 Key trends by application
7.2 Rental
7.2.1 Market estimates and forecast, 2018 - 2032
7.3 Construction & mining
7.3.1 Market estimates and forecast, 2018 - 2032
7.4 Industrial
7.4.1 Market estimates and forecast, 2018 - 2032
7.5 Agriculture
7.5.1 Market estimates and forecast, 2018 - 2032
Chapter 8 Telehandler Market, By Region (Revenue & Shipment)
8.1 Key trends by region
8.2 North America
8.2.1 Market estimates and forecast, by product, 2018 - 2032
8.2.2 Market estimates and forecast, by type, 2018 - 2032
8.2.3 Market estimates and forecast, by application, 2018 - 2032
8.2.4 U.S.
8.2.4.1 Market estimates and forecast, by product, 2018 - 2032
8.2.4.2 Market estimates and forecast, by type, 2018 - 2032
8.2.4.3 Market estimates and forecast, by application, 2018 - 2032
8.3 Europe
8.3.1 Market estimates and forecast, by product, 2018 - 2032
8.3.2 Market estimates and forecast, by type, 2018 - 2032
8.3.3 Market estimates and forecast, by application, 2018 - 2032
8.3.4 Germany
8.3.4.1 Market estimates and forecast, by product, 2018 - 2032
8.3.4.2 Market estimates and forecast, by type, 2018 - 2032
8.3.4.3 Market estimates and forecast, by application, 2018 - 2032
8.3.5 UK
8.3.5.1 Market estimates and forecast, by product, 2018 - 2032
8.3.5.2 Market estimates and forecast, by type, 2018 - 2032
8.3.5.3 Market estimates and forecast, by application, 2018 - 2032
8.3.6 France
8.3.6.1 Market estimates and forecast, by product, 2018 - 2032
8.3.6.2 Market estimates and forecast, by type, 2018 - 2032
8.3.6.3 Market estimates and forecast, by application, 2018 - 2032
8.3.7 Italy
8.3.7.1 Market estimates and forecast, by product, 2018 - 2032
8.3.7.2 Market estimates and forecast, by type, 2018 - 2032
8.3.7.3 Market estimates and forecast, by application, 2018 - 2032
8.3.8 Russia
8.3.8.1 Market estimates and forecast, by product, 2018 - 2032
8.3.8.2 Market estimates and forecast, by type, 2018 - 2032
8.3.8.3 Market estimates and forecast, by application, 2018 - 2032
8.4 Asia Pacific
8.4.1 Market estimates and forecast, by product, 2018 - 2032
8.4.2 Market estimates and forecast, by type, 2018 - 2032
8.4.3 Market estimates and forecast, by application, 2018 - 2032
8.4.4 China
8.4.4.1 Market estimates and forecast, by product, 2018 - 2032
8.4.4.2 Market estimates and forecast, by type, 2018 - 2032
8.4.4.3 Market estimates and forecast, by application, 2018 - 2032
8.4.5 India
8.4.5.1 Market estimates and forecast, by product, 2018 - 2032
8.4.5.2 Market estimates and forecast, by type, 2018 - 2032
8.4.5.3 Market estimates and forecast, by application, 2018 - 2032
8.4.6 Japan
8.4.6.1 Market estimates and forecast, by product, 2018 - 2032
8.4.6.2 Market estimates and forecast, by type, 2018 - 2032
8.4.6.3 Market estimates and forecast, by application, 2018 - 2032
8.4.7 South Korea
8.4.7.1 Market estimates and forecast, by product, 2018 - 2032
8.4.7.2 Market estimates and forecast, by type, 2018 - 2032
8.4.7.3 Market estimates and forecast, by application, 2018 - 2032
8.5 Latin America
8.5.1 Market estimates and forecast, by product, 2018 - 2032
8.5.2 Market estimates and forecast, by type, 2018 - 2032
8.5.3 Market estimates and forecast, by application, 2018 - 2032
8.5.4 Brazil
8.5.4.1 Market estimates and forecast, by product, 2018 - 2032
8.5.4.2 Market estimates and forecast, by type, 2018 - 2032
8.5.4.3 Market estimates and forecast, by application, 2018 - 2032
8.5.5 Mexico
8.5.5.1 Market estimates and forecast, by product, 2018 - 2032
8.5.5.2 Market estimates and forecast, by type, 2018 - 2032
8.5.5.3 Market estimates and forecast, by application, 2018 - 2032
8.6 MEA
8.6.1 Market estimates and forecast, by product, 2018 - 2032
8.6.2 Market estimates and forecast, by type, 2018 - 2032
8.6.3 Market estimates and forecast, by application, 2018 - 2032
8.6.4 UAE
8.6.4.1 Market estimates and forecast, by product, 2018 - 2032
8.6.4.2 Market estimates and forecast, by type, 2018 - 2032
8.6.4.3 Market estimates and forecast, by application, 2018 - 2032
8.6.5 Saudi Arabia
8.6.5.1 Market estimates and forecast, by product, 2018 - 2032
8.6.5.2 Market estimates and forecast, by type, 2018 - 2032
8.6.5.3 Market estimates and forecast, by application, 2018 - 2032
8.6.6 South Africa
8.6.6.1 Market estimates and forecast, by product, 2018 - 2032
8.6.6.2 Market estimates and forecast, by type, 2018 - 2032
8.6.6.3 Market estimates and forecast, by application, 2018 - 2032
Chapter 9 Company Profiles
9.1 Caterpillar, Inc.
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 CNH Industrial
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 CTE Company
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 Dieci Srl
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT Analysis
9.5 Dinolift OY
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Doosan Infracore Co. Ltd.
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Faresin Industries
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Haulotte Group
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT Analysis
9.9 Hunan Runshare Heavy Industry Company, Ltd.
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 Hunan Sinoboom Heavy Industry Co. Ltd.
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 Strategic Outlook
9.10.5 SWOT Analysis
9.11 J.C. Bamford Excavators Ltd.
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 Strategic Outlook
9.11.5 SWOT Analysis
9.12 JLG Industries
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Strategic Outlook
9.12.5 SWOT Analysis
9.13 Liebherr Group
9.13.1 Business Overview
9.13.2 Financial Data
9.13.3 Product Landscape
9.13.4 Strategic Outlook
9.13.5 SWOT Analysis
9.14 Manitou Group
9.14.1 Business Overview
9.14.2 Financial Data
9.14.3 Product Landscape
9.14.4 Strategic Outlook
9.14.5 SWOT Analysis
9.15 MEC Aerial Work Platform
9.15.1 Business Overview
9.15.2 Financial Data
9.15.3 Product Landscape
9.15.4 Strategic Outlook
9.15.5 SWOT Analysis
9.16 Niftylift Limited
9.16.1 Business Overview
9.16.2 Financial Data
9.16.3 Product Landscape
9.16.4 Strategic Outlook
9.16.5 SWOT Analysis
9.17 Skyjack
9.17.1 Business Overview
9.17.2 Financial Data
9.17.3 Product Landscape
9.17.4 Strategic Outlook
9.17.5 SWOT Analysis
9.18 Snorkel
9.18.1 Business Overview
9.18.2 Financial Data
9.18.3 Product Landscape
9.18.4 Strategic Outlook
9.18.5 SWOT Analysis
9.19 Socage Srl
9.19.1 Business Overview
9.19.2 Financial Data
9.19.3 Product Landscape
9.19.4 Strategic Outlook
9.19.5 SWOT Analysis
9.20 Terex Corporation (Genie)
9.20.1 Business Overview
9.20.2 Financial Data
9.20.3 Product Landscape
9.20.4 Strategic Outlook
9.20.5 SWOT Analysis
9.21 Teupen
9.21.1 Business Overview
9.21.2 Financial Data
9.21.3 Product Landscape
9.21.4 Strategic Outlook
9.21.5 SWOT Analysis
9.22 Wacker Neuson SE
9.22.1 Business Overview
9.22.2 Financial Data
9.22.3 Product Landscape
9.22.4 Strategic Outlook
9.22.5 SWOT Analysis
9.23 XCMG Group
9.23.1 Business Overview
9.23.2 Financial Data
9.23.3 Product Landscape
9.23.4 Strategic Outlook
9.23.5 SWOT Analysis
9.24 Zhejiang Dingli Machinery Co, Ltd.
9.24.1 Business Overview
9.24.2 Financial Data
9.24.3 Product Landscape
9.24.4 Strategic Outlook
9.24.5 SWOT Analysis
9.25 Zoomlion Heavy Industry Science and Technology Co., Ltd.
9.25.1 Business Overview
9.25.2 Financial Data
9.25.3 Product Landscape
9.25.4 Strategic Outlook
9.25.5 SWOT Analysis