Global Telehandler Market Trends, Applications, Analysis, Growth, and Forecast to 2028

Global Telehandler Market: Overview

"The Telehandler Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Request Covid - 19 Impact

Telehandler is a lifting machine also known as a telescopic handler, teleporter, and or boom lift. Telehandler is majorly used for material handling, digging and other lifting work. Telehandler works as a crane and provide lift heights to 50 feet or more as compared to other lifting devices such as a forklift.

Moreover, with just a few attachments, telehandler machines can be used in various sectors such as agriculture and construction, owing to its unique features such as 360° movement capability, high load bearing capacity and easy integration with other devices, is expected to bolster demand for telehandler and drives growth of the global market. Increasing infrastructural activities in developing regions and increasing demand for technologically advanced devices is also anticipated to drive growth of the global telehandler market during the forecast period.

However, high instrument and maintenance cost are some of the factors may hamper demand for telehandler and restrain growth of the target market over the forecast period.

Global Telehandler Market: Segment Analysis

On the basis of capacity, the target market is segmented into Less than 3 tons, 3.1 to 4 tons, and 4.1 to 5 tons. The 4.1 to 5 tons’ segment is expected to register significant growth rate in the market over the forecast period.

On the basis of product type, the target market is segmented into rotating Telehandler and non-rotating Telehandler. The rotating Telehandler segment is projected to grow at faster pace over the long run.

Among application, the construction segment held the largest market share and expected to dominate the global market throughout the forecast period. Additionally, demand from the rental segment is also expected to increase as most of the key manufacturers focusing on upgradation of existing fleet of construction instruments.

Telehandler Market: Region Analysis

Asia Pacific is expected to dominate the global telehandler market over the forecast period with a significant CAGR. Substantial growth in emerging countries such as China and India owing to government initiatives regarding infrastructural development, and public private partnership (PPP) activities are some of the factor expected to bolster growth of target market in the region. The market in North America accounts for moderate share in the global market in terms of revenue and is expected to maintain its growth over the forecast period. Latest trend shows that manufacturers in countries in the region are inclining towards production of technologically advanced instruments such as rotating Telehandler owing to increasing reconstruction activities in the region.

The Middle East & Africa Telehandler market accounts for a moderate share in terms of revenue in the global market and is expected to witness substantial growth during the forecast period. Countries such as Saudi Arabia and United Arab Emirates are focusing on sustainable practices and promoting the region's eco-friendly commercial and residential construction activities.

Global Telehandler Market Segmentation:

Segmentation by Capacity:

• Less than 3 Tons
• 1 to 4 Tons
• 1 to 5 Tons

Segmentation by Product Type:

• Rotating Telehandler
• Non-rotating Telehandler

Segmentation by Application:

• Construction
• Agriculture
• Mining
• Rental

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa