Telehandler Market Size Estimation, Growth Rate, and Future Trends Analysis Report, 2023

The global telehandler market is subject to witness substantial growth in the coming years. Telehandlers are commonly identified as material handling equipment (MHE) with telescopic booms.

Growth driving factors of the market include:

• The substantial investment by industry participants
• Increasing adoption from the industrial sector
• Increasing adoption of telehandlers to perform complex industrial operation 
• Shifting trend towards rental services of heavy-duty machinery
• Recent advancement in energy & power sector
• Increasing demand from the residential and commercial sector
• Robust growth in the construction industry
• Rapid urbanization and industrialization, majorly in developing economies
• Massive funding from local government

The market is broadly categorized into three major segments based on the application type such as:

• Residential sector
• Infrastructure sector
• Non-residential sector

The non-residential sector is considered as one of the fastest growing segment in the with substantial revenue generation in the last few years.

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Growing popularity of telehandler in the telehandler segment is attributed to the higher market penetration.

The market is divided by region as:

• North America
• Europe
• Asia-Pacific
• Latin America
• Africa

North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing sector, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure.

Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, increasing number of infrastructural activities, favorable government policies and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the telehandler market are:

• Terex Co.
• J C Bamford Excavators Ltd.
• JLG Industries, Inc.
• Manitou Bf, Ltd.
• MERLO S.p.A.
• HAULOTTE GROUP AG
• Doosan Infracore Construction Equipment America Co.
• Bobcat Co.
• Komatsu Ltd.
• AB Volvo

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