Light Duty Telehandler Market Trends

Light Duty Telehandler Market Overview

The Light Duty Telehandler Market Size was valued at USD 2,900 million in 2023. The light duty telehandler industry is projected to grow from USD 3,045.3 million in 2024 to USD 4,700 million by 2032, exhibiting a compound yearly growth rate (CAGR) of 5.57% during the forecast period (2024 - 2032). Light Duty Telehandler Market is been steady and has the possibility to reach great heights. This is also believed that the growth value of the Light Duty Telehandler Market will be great even during the forecast period.

The usage of the Light Duty Telehandler Market has been increasing day by day because of its gradual need in the industries like agriculture, construction and even mining. Due to the increase in the growth of the construction sector, it is believed that the usage of the Market will be great in the construction sectors in the forecasting period.

The main features of using the Light Duty Telehandler Market is because of the advantage like it can handle the high load-bearing capacity, can focus on 360-degree movement and also easy to handle materials, digging trenches.

COVID Analysis

The impact of the pandemic spread across the globe in 2020 had brought many changes in the industries and also in business. As the spread of the pandemic negatively brought the impact on the Light Duty Telehandler Market Value. Due to the spread of the pandemic, the companies have faced a great loss. To control the spread across the globe and also to reduce the positive cases many governments have taken initiatives to safeguard their people from the spread of the pandemic. As the lockdown has made a drastic change in the Light Duty Telehandler Market Growth. The manufacturing companies have faced a great loss without having the proper supply of the raw materials and also broke the trust among the people because of the lack of transportation which led to the late delivery of the products.

It is believed that the growth of the Market Share will be increased during the post-pandemic time because of the demand and urge in the constructional sectors.

Light Duty Telehandler Market Dynamics

Crucial Market drivers

The usage of the Light Duty Telehandler Market has increased in recent days because of the need for the Market Value has gained importance in the construction sectors. As the light-duty telehandler can able to reduce the cost of the other equipment and also can lower the construction cost. *additionally it can also have the capacity to handle the high load-bearing, 360-degree movements, material handling and also for digging trenches.

These growth factors in using the Light Duty Telehandler Market in the construction sectors are boosting the growth value of the Market Size.

The market growth opportunities

The main growth opportunity which is created by the Light Duty Telehandler Market is the usage of the light-duty telehandler in the industries like agriculture, construction and mining. The increase in the growth of the constructional sector in many regions is also boosting the growth of the Market.

Some growth opportunity is that people in the construction sector are getting enough knowledge about the usage of the light-duty telehandler products in the construction sector is also one of the main reasons which paves way for the growth of Market.

The market restraints

The main restraining factor which hinders the growth of the Light Duty Telehandler Market is the substitute for the products which are easily available in the market. Another restraining factor that negatively impacts the growth is the outbreak of the pandemic. Due to the pandemic, there were fewer raw materials supplied because of the shortage of transportation. Because of this, the manufacturing companies have faced a huge loss is not delivering the products on time. The restraining factor which impacts the growth of the Market is the lack of awareness about the original and the substitute products among the people.

The market challenge

Due to the increase and the growth in the construction sectors in many regions the need and demand for the Light Duty Telehandler Market have increased. So the manufacturing companies are facing a huge challenge in the production of the Light Duty Telehandler Products. This demand among the construction sectors has brought changes in the Market.

Also due to the increase in the requirement, the manufacturing companies are expecting the investors to help financially so that they can produce a large number of light-duty telehandler products.

Cumulative growth analysis

The overall growth of Light Duty Telehandler Market Analysis is been great in recent days. This is because the usage of the light-duty telehandler products in the construction sector is also one of the main reasons which drive the growth of the Market. The benefits of using the telehandler in the construction sector are the ones boosting the growth in many regions.

Value chain analysis

After the spread of the pandemic, the Light Duty Telehandler Market Outlook has reduced because of the halt of the construction sectors and other industries. Even the availability of the substitutes for the Light Duty Telehandler product there are some products which are available in the market, this also reduces the growth of the Market.

The manufacturing companies are working hard to compensate for the demand but they need the investors to hurry up the production of the products.

Light Duty Telehandler Market Segmentation

Light Duty Telehandler Market segment overview

By capacity

• Up to 3 tons


• 1- 4 tons


• 1 to 5 tons

By destruction channel

• Constructional sector


• Agricultural


• Mining

By region

• North America – US, Canada


• Latin America – Mexico, Brazil, Peru, Chile and Others


• Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg


• Eastern Europe – Poland, Russia


• Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand


• The Middle East and Africa – GCC, Southern Africa, North Africa

Competitive landscape

Because of the increase in demand for the constructional works in the recent days the key players are in urge to develop their products. So the key players are in need to expand their business to other regions to fulfil the demand in the short term. Also due to the competition among the key players, they are developing and improving the new technology to get a good place in the market. They are also working to launch new products in the market.

Regional analysis

The growth of the Light Duty Telehandler Market in major regions like North America, Asia Pacific, Europe and the Middle East and Africa are focusing the major growth.

North America is dominating the Light Duty Telehandler Market because of the gradual growth in the constructional sector. And the rapid increase in the growth of the residential and non-residential sectors in the countries of North America is one of the main reasons for the development of the region.

The Asia Pacific region is expected to get the growth in the forecasting period. This growth is because of the rapid changes and the development in the agricultural sectors in the Asia Pacific region.

It is also expected that other regions like Europe, the Middle East and Africa will be getting gradual growth in the forecasting period.

List of the key major companies in the Light Duty Telehandler Market are

• JCB Limited


• Manitou


• Merlo


• Liebherr machines


• Caterpillar Inc


• Pettibone traverse LLC


• Sennebogen maschinenfabrik GmbH


• Wacker neuson


• Sky jack Inc


• Gehl company


• Among others.

Recent developments

• In October 2018, the Deutz AG company has collaborated with the Manitou Group, produced the hybrid and the electric system which can be used in the construction equipment line


• In June 2018, Manitou has introduced the MTA easy 74 range of telehandlers.


• In June 2018, the Midwest equipment and the nighthawk machinery has collaborated

Market overview

• Overall growth analysis of the market


• Pandemic analysis


• Market dynamics


• Cumulative growth analysis


• Value chain analysis


• Market segmentation


• Competitive landscape


• Regional analysis


• Key players


• Recent updates