Heavy Duty Telehandler Market Analysis

Heavy Duty Telehandler Market Overview

The Heavy Duty Telehandler Market Size was valued at USD 7.07 Billion in 2023 The Heavy Duty Telehandler industry is projected to grow from USD 7.43 Billion in 2024 to USD 11.67 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.79% during the forecast period (2024 - 2032).

Telehandlers are heavy machines generally having a hydraulic boom length of 5-15 meters and attachment site for different types of lifters like a forklift, buckets, winch, pallets, etc. They are useful for construction, agriculture, and mining industries involving handling and moving heavy goods. 

Telehandlers have greater maneuverability and high load per weight carrying ability. The availability of attachments of different kinds of lifts enables their use in a wide range of industries. Moreover, the key global companies are putting great efforts into the structural and technological advancements in this machine category which will benefit the market. 

Covid 19 Analysis

Covid-19 pandemic hurt the Global heavy-duty telehandler market badly. The poor performance of major end-user industries like construction and mining led to a decrease in demand for these machines. Moreover,  restrictions in travel and the movement of goods hampered the market growth directly. Production of telehandlers was temporarily down during the period due to the closure of production units to curb the virus spread. However, the demand for agricultural variants continued to grow over the period too. The market is showing a quick recovery after the relaxation of restriction measures in the construction and mining industry globally.

In March 2024, Monitou Group introduced the ultra-compact type, incredibly efficient, user-friendly Telehandler, which comes with a wide variety of attachments made specifically for this model so as to improve its usage and give users more options to choose from.

Competitive Landscape

The major global companies playing a key role in the heavy-duty Telehandlers  market are :

• Manitou Group (France)


• J C Bamford Excavators Ltd. (UK)


• Terex Corporation. (US)


• Caterpillar (US)


• Linamar Corporation (Canada)


• Eazi Access (South Africa)


• Wacker Neuson Group (Germany)


• HAULOTTE GROUP (France)


• DIECI Srl (Italy)


• Oshkosh Corporation (US)


• Among others.

Heavy Duty Telehandler Market Dynamics

Drivers

The increasing investments in infrastructure development and modernization of the agricultural sector are driving the growth of the global heavy-duty telehandler market. Telehandlers are increasingly being used in the construction of medium-height buildings for lifting and moving heavy construction materials. They are more versatile than cranes as they not only perform lifting operations but can also aid in the horizontal movement of goods. Similarly, these machines are finding application in the mining industry for their greater maneuverability and good load-bearing capacity.

Telehandlers are emerging as a necessary machine in modern agriculture farms. Their compact size and availability of attachment sites for different kinds of lifts make them suitable for assisting in different agricultural activities. Moreover, rapid technological and structural advancements in telehandlers will expand its market in other various industries too. 

Technology Analysis

Heavy Duty telehandlers, also known as telescopic handlers or zoom booms, are lifting machines that find use in construction, industrial and agricultural operations. It has a forklift for lifting purposes but in a large telescopic boom distinguishing it from both a crane and a forklift. Telehandlers have higher efficiency due to the dual capability of forwarding and upward movement. Moreover, the booms also allow the attachment of different lifters such as buckets, winch, pallets, forks, etc.

Telehandlers find use in different activities like material handling and elevated positioning.  In farms, heavy-duty telehandlers are used for lifting bales, hay stacking, moving products, etc. These machines also find great use in the construction and mining industry. They are more economical and versatile than cranes and overcome the limits of forklifts due to the presence of a long hydraulic boom.

Study Objectives

The specific objectives of this market report are given below:

• To provide a complete overview of the heavy-duty Telehandlers market.


• To analyze and forecast the heavy-duty Telehandlers market in terms of value and volume.


• To provide information about the impact of covid 19 on the market and market response thereafter.


• To identify the problems and prospects of the heavy-duty Telehandlers market


• To give details about the technological aspects of the product.


• To provide an overview of the regional market and other market segments.


• To identify the key players of the heavy-duty telehandler industry.

Segment Analysis

Segmentation of global heavy-duty telehandler market, By Capacity

• 5 to 10 Ton


• 1 to 15 Ton


• 1 and above

The 5 to 10 ton capacity of telehandlers dominates the global market. These telescopic handlers have a compact size and higher load per bodyweight carrying capacity ratio. Therefore, these features make telehandlers of this category suitable for application in a wide range of activities. They are also more popular due to their affordability and greater benefits to cost ratio.

Segmentation of global heavy-duty telehandler market, By lift height

• Less than 5 meters


• 5 to 15 meters


• More than 15 meters

The more than 15 meters segment accounts for most of the demands. This height is ideal for different construction activities involving high-rise structures. This height also enables telehandlers to load and unload from high-height trucks.

Segmentation of global heavy-duty telehandler market, by Application

• Construction


• Agriculture


• Mining


• Others

The construction industry occupies the major market share owing to greater demand in construction activities for lifting and moving heavy objects. Heavy-duty telehandlers are cost-effective and versatile machines capable of various works in construction activities. These machines are most useful in the construction of medium-height buildings where keeping cranes is not viable. Telehandlers can load and unload goods from high-sized trucks also which increases their popularity in construction sites. 

Regional Analysis

The different regional markets for the global heavy-duty Telehandlers  market are:

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • Australia & New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the world ( RoW )
  
  
  
  • The Middle East
  
  
  • Africa
  
  
  • South America
  
  
  
  

Europe is the largest regional market for telehandlers. The modern agriculture industry generates high demand for telehandlers in this region. Moreover, the greater presence of Global telehandler manufacturing companies ensures price optimization and better after-sale services. Furthermore, active research backup from different research institutes for constant developments is also helping the market to expand significantly here.

North America is the second-largest market for the Global heavy-duty telehandlers market. The mining and agricultural industry accounts for most of the demand in this region. The high disposable income of farmers leads to greater demand. Moreover, the use of telehandlers for snow clearing is also contributing to the market growth.

Asia-Pacific is the fastest-growing regional market segment. The rapidly growing construction industry is a major demand generator for telehandlers in this region. Moreover, the greater emphasis on modernization of the agriculture sector by countries such as China, India, Indonesia, Japan, and Korea is helping the market to expand significantly. The Middle East is also witnessing significant demand for telehandlers in the construction industry which is contributing to the market growth in this region. the Latin America and the African segment is expected to grow at a moderate rate over the forecast period.

Recent Developments

• In June 2019, JCB, the leading manufacturer of heavy construction machines launched its first-ever rotating telehandler Hydraload 555-210R. This is a highly versatile machine with a 20.5m lift height and a maximum capacity of 5.5 tons.

• In April 2024, Zoomlion Access launched a telehandler, along with full electric lift models, at Intermat. The newly compact telehandler ZTH2506 has a working height of 6.1m and a platform capacity of 2.5 tonnes.

• Dutch international general rental company Boels Rental acquired Dutch international aerial lift and telehandler rental specialist Riwal from owner Pro-Delta in March 2024.

Intended Audience

This report will be beneficial for every stakeholder of the heavy-duty Telehandlers  market such as :

• Manufacturers of telehandlers


• Research and development institutes


• Traders


• Potential investors


• End-user industries

Report Overview

This report from Market Research Future provides an in-depth analysis of the heavy-duty Telehandlers market in terms of current value and future forecast. This report has also highlighted the problems and prospects of the given market.

Moreover, the technological analysis section of the report will help in better knowing the product and its market prospects. Furthermore, this report contains a detailed analysis of every segment of the given market for the current forecast period. This report has also highlighted the key players and the current developments in the heavy-duty Telehandlers market.