Heavy Duty Telehandler Machines Market Analysis

Heavy Duty Telehandler Machines Market Overview

The Heavy-Duty Telehandler Market Size was valued at USD 2.45 Billion in 2023. The Heavy-Duty Telehandler industry is projected to grow from USD 2.58 Billion in 2024 to USD 4.17 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.16% during the forecast period (2024 - 2032). In the last few years, the popularity of telehandlers or telescopic handlers has grown exceptionally owing to significant growth in the construction industry. Especially, heavy-duty telehandlers have gained raid momentum and become an ideal choice for heavy-duty tasks not only in the construction sector but also in other sectors such as agriculture, mining, manufacturing, and logistics & transportation. With large-scale projects fueling demand, high-capacity telehandlers are providing users with many solutions for their job sites.
Based on the capacity, the global heavy-duty telehandler market has been segmented into 5 to 10 ton, 10.1 to 15 ton, 15 and above. 5 to 10 ton accounted for the largest share within the market in the 2020 year and is expected to retain its dominance throughout the projected period. However, 15 and above, an extra high-capacity telehandler, is expected to exhibit the fastest growth during the projected period. Based on the application, the market has been bifurcated into construction, agriculture, mining, and others. The construction segment holds the largest share within the market and is expected to retain its dominance throughout the projected period. However, the others segment is expected to exhibit the fastest CAGR growth during the projected period. This can be attributed to the increased adoption of heavy-duty telehandlers among the forestry, oil & gas, manufacturing, transport & logistics, power utilities, and other sectors.

The regions included in this study are North America, Europe, Asia Pacific, and the Rest of the World. Europe accounted for the largest market share in the 2020 year and is expected to retain its dominance throughout the projected period.

GLOBAL HEAVY-DUTY TELEHANDLER MARKET, BY REGION, 2020Source: Industry Expert, Secondary Research, and MRFR Analysis

COVID-19 Analysis

Telehandlers are commonly used to hoist materials and equipment in the construction and agriculture industries. These devices are mostly employed to transport cargo to and from difficult-to-reach locations in development destinations and distribution facilities. Various firms have taken preventative measures to ensure the welfare and safety of their employees during the COVID-19 epidemic. The outbreak of COVID-19 has had a significant influence on the construction sector, as the pandemic has halted building activities and delayed new construction projects worldwide, reducing the adoption of telehandlers and stifling the growth of the heavy-duty telehandler market. Furthermore, the market's growth has been impeded by a delay in the creation of new telehandlers due to the shutdown of manufacturing activities.

Market Dynamics

The global heavy-duty telehandler market is driven by the growth in the construction industry, increased use in the agriculture sector, and innovations in designs of telehandler operation. Conversely, the higher costs of new emission standard engines are hindering the growth of the market. Interestingly the market offers several opportunities for industry players the scope of growth in the developing nations.

• Growth in the construction industry

The growing demand from the construction industry has been instrumental in fueling the overall growth in the telehandler market. Telehandlers are in great demand because of the need for better infrastructure, as they may be used in a wide range of building tasks. The heavy-duty telehandler market has benefited from increased investment in infrastructure construction projects, mining activities, and increased industrial activity. Emerging market construction industries are expected to grow much quicker than advanced economies, propelling the heavy-duty telehandler market. The growing use of telehandlers in a variety of end-user applications, including commercial, agriculture, general construction, road and bridge, and oil and gas, will propel this market forward throughout the projection period.

• Scope in the developing nations

Developing economies like India, China, and Brazil continuously invest in their infrastructure development projects like never before. The development-related projects for transportation, infrastructure, and airports will be driven by fast-developing countries, particularly East Asian economies. In developing countries, this increases demand for compact and durable telehandlers.

Supply Chain Analysis

The global heavy-duty telehandler market value chain involves three stages of value addition at raw material supply, manufacturing, distribution channel before it finally reaches the end users of various industries such as construction, agriculture, etc.

Market Segmentation

The global heavy-duty telehandler market has been segmented based on capacity and application.

Based on capacity, the global market has been segmented into 5 to 10 ton, 10.1 to 15 ton, and 15 ton and above.

Based on application, the global market has been segmented into construction, agriculture, mining, and others.

Regional Analysis

Globally, the heavy-duty telehandler market has been categorized into the North America, Europe, Asia-Pacific, and the Rest of the World. Europe accounted for the largest market share of and is projected to register a 6.1% CAGR over the projected period. Followed by North America market in 2020, projected to register a CAGR of 5.3%.

Europe region to bolster the heavy-duty telehandler market

The European economy recorded a significant annual growth rate in 2020. The European market is sub-segmented into the UK, Germany, France, and the rest of Europe. Being easily applicable in the construction, agriculture, and mining sectors, heavy-duty telehandlers greatly increase the workforce's efficiency and enhance the experience. Furthermore, organizations are increasingly focusing on reducing the cost of accessing global resources to meet the growing industry demands. The adoption of heavy-duty telehandlers is primarily driven by an increasing number of start-ups partnering with telehandler companies. Growing awareness of the benefits of telehandlers coupled with increasing applications scope in end-use industries, including construction, mining, and agriculture, is expected to propel production volumes over the forecast period.

Competitive Landscape

The global market for heavy-duty telehandler has witnessed significant growth over the forecast period due to the growth in construction industry. There are several domestic, regional, and global players operating in the heavy-duty telehandler market who continuously strive to gain a significant share of the overall market. This include Manitou Group, J C Bamford Excavators Ltd, Terex Corporation, Caterpillar Inc., Linamar Corporation, Wacker Neuson Group, Eazi Group, : DIECI S.R.L., Oshkosh Corporation and Haulotte Group.

Among these, MRFR has identified top five key players in the global heavy-duty telehandler market who have contributed to the global market growth.

Key Players

• Oshkosh Corporation (US)


• Caterpillar Inc. (US)


• Manitou Group (France)


• J C Bamford Excavators Ltd. (UK)


• Terex (US)

These players focus on expanding and enhancing their Resolution portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.

Recent Developments

• In November 2019, Manitou has unveiled its new MHT 12330 heavy-capacity telehandler featuring a 73,000-pound fork capacity and 80,000-pound lift hook capacity. This heavy-hitter is built for handling hefty loads with precision in the most demanding conditions. The unit is powered by a 245 hp Stage 5/Tier IV final Deutz engine and features a maximum lift height of 39 feet 1 inch and a maximum reach of 21 feet 8 inches. It has a three-speed hydrostatic transmission with full wheel four-wheel drive, and the operator can choose all-wheel, crab, or front-wheel steering depending on the job.

Report Overview

This study estimates revenue growth at global, regional, and country levels and offers an overview of the latest developments in each of the sub-sectors from 2019 to 2027. For this analysis, MRFR segmented the global heavy-duty telehandler market report based on Capacity, application, end use and type.

By Capacity

• 5 to 10 Ton


• 1 to 15 Ton


• 15 Ton and Above

By Application

• Construction


• Agriculture


• Mining


• Others

By Region

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • UK
  
  
  • France
  
  
  • Rest of Europe
  
  
  
  


• Asia Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • Rest of Asia Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • South America