Market Synopsis: Global Telehandlers Market, The global telehandlers market has witnessed significant growth in the past few years, owing to various factors, such as growth of the construction industry, increase in demand from agricultural industry, and innovation in design of telehandler. , The innovations in operating the telehandler plays a major role in driving the growth of the market. The advance technology like incorporating 360⁰ smart camera for increased safety and transportation has effectively resulted in increased performance and speed of operations of telehandler. Due to this, many companies are innovating their product design to achieve effective maneuverability and safe working environment. Furthermore, visibility is enhanced by innovative engineering designs that enable heavy load lifting. The companies also spend more on achieving high turning angles for precise placement of handler for tougher demands., Telehandler equipment are available on rent depending on the requirement of the projects as per the application, which is attributed to the lesser costs associated with renting than purchasing new construction machineries. With many small and medium scale manufacturers unable to afford the equipment, there has been a rise in the telehandlers rental business. Therefore, the growing demand for rental units creates an opportunity for the global telehandlers market during the forecast period., However, the high cost of new emission standard engines hinders the growth of the telehandlers market. , In 2018, the global telehandlers market was valued at ~USD 4,120.0 million, which is expected to witness ~4.0% CAGR during the forecast period. The base year considered for the study of the market is 2018 and the forecast period for the global telehandlers market is 2019 to 2024., Regional Analysis: Global Telehandlers Market , Geographically, the global telehandlers market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe accounted for the largest market share of around 36% and is expected to retain its dominance during the forecast period. In Europe, telehandlers are used for all

Market Synopsis: Global Telehandlers Market

The global telehandlers market has witnessed significant growth in the past few years, owing to various factors, such as growth of the construction industry, increase in demand from agricultural industry, and innovation in design of telehandler.

The innovations in operating the telehandler plays a major role in driving the growth of the market. The advance technology like incorporating 360⁰ smart camera for increased safety and transportation has effectively resulted in increased performance and speed of operations of telehandler. Due to this, many companies are innovating their product design to achieve effective maneuverability and safe working environment. Furthermore, visibility is enhanced by innovative engineering designs that enable heavy load lifting. The companies also spend more on achieving high turning angles for precise placement of handler for tougher demands.

Telehandler equipment are available on rent depending on the requirement of the projects as per the application, which is attributed to the lesser costs associated with renting than purchasing new construction machineries. With many small and medium scale manufacturers unable to afford the equipment, there has been a rise in the telehandlers rental business. Therefore, the growing demand for rental units creates an opportunity for the global telehandlers market during the forecast period.

However, the high cost of new emission standard engines hinders the growth of the telehandlers market.

In 2018, the global telehandlers market was valued at ~USD 4,120.0 million, which is expected to witness ~4.0% CAGR during the forecast period. The base year considered for the study of the market is 2018 and the forecast period for the global telehandlers market is 2019 to 2024.

Regional Analysis: Global Telehandlers Market

Geographically, the global telehandlers market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe accounted for the largest market share of around 36% and is expected to retain its dominance during the forecast period. In Europe, telehandlers are used for all purpose utility machine at construction sites and in agriculture sector and are used to handle hay, forage and supplies on wet, boggy ground as well as on harder surfaces. Moreover, European farmers are buying high numbers of telehandlers for many decades. Growing awareness of the benefits of telehandler coupled with increasing applications scope in end-use industries including construction, mining and agriculture, is expected to increase the production volume of telehandlers during the forecast period.

However, Asia-Pacific is anticipated to witness the fastest growth rate during the forecast period, which is due to the rapid urbanization and growth of manufacturing industries in the emerging economies such as China, India, and South Korea.

Key Players

The Key Players operating in the global market are Haulotte Group, Manitou Bf, Ltd. (France), Terex Corporation (US), J.C. Bamford Excavators Limited (UK), JLG Industries, Inc., MERLO S.P.A. (Italy), DOOSAN (US), Komatsu Ltd. (Japan), and AB Volvo (Sweden).

Segmentation: Global Telehandlers Market

The global telehandlers market has been segmented based on product, technology, application, and region. On the basis of product, the global market has been segmented as large telehandlers and compact telehandlers. The compact telehandler segment accounted for the largest market share in 2028, which will continue its dominance by the end of 2025. The adoption of compact telehandlers in the construction industry is expected to gain momentum during the forecast period due to their versatility and the higher number of sections in it, which makes them popular among manufacturers.

The global telehandlers market is extremely fragmented with many players operating in the market. These players have adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players are expansions, investments, acquisitions, product development, and agreements.

Intended Audience



Raw material suppliers



End users



OEMs



Traders and distributors



Regulatory bodies



Market research and consulting firms



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