Telehandler Market

Introduction to Electric Engine Technology is driving the market growth

The up-gradation to electric engines is increasing due to the rising stringent environmental policies. For instance, India's National Clean Air Program (NCAP), launched in 2019, gives subsequent information on how to prevent, control, and reduce air pollution. Furthermore, electric engines can reduce CO2 emissions at construction sites, developing a green working environment. Thus, the increasing demand for green products by environmentally concerned consumers is expected to drive the electric telehandler market. This factor drives market CAGR. Additionally, adopting an upgraded telescopic handler reduces labor costs and can track the work done at every stage. It also minimizes operational costs.

Moreover, high-lift machines are gaining more demand as construction projects emerge in developing countries. For example, in April 2019, Faresin Industries Spa introduced a highly technological telehandler electric model at Bauma with a lifting height of 6-17 meters and a 2.6-7 tons loading capacity. Thus, adopting unmanned aerial vehicles (UAVs) or drones is expected to grow the Telehandler market revenue.December 2023: Terex Corporation, a global provider of lifting and material handling solutions, announced that it has completed the acquisition of Genie Industries, Inc., a leading manufacturer of aerial work platforms and telehandlers.

The acquisition is expected to strengthen Terex's position in the aerial work platform and telehandler markets.

Sustainability initiatives are increasingly influencing the Global Telehandler Market Industry. As environmental regulations become more stringent, manufacturers are compelled to develop eco-friendly telehandlers that minimize emissions and energy consumption. The adoption of electric and hybrid models is on the rise, reflecting a broader industry trend towards sustainability. This shift not only meets regulatory requirements but also appeals to environmentally conscious consumers. As the market evolves, the emphasis on sustainable practices is expected to drive innovation and reshape product offerings, aligning with global efforts to reduce carbon footprints and promote greener construction practices.

The Global Telehandler Market Industry is poised for substantial growth, with projections indicating a market size of 7.1 USD Billion in 2024 and an anticipated increase to 10.8 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 3.93% from 2025 to 2035. Such figures reflect the increasing adoption of telehandlers across various sectors, including construction, agriculture, and logistics. The market's expansion is likely to be fueled by technological advancements, rising demand for rental services, and a focus on sustainability, positioning telehandlers as essential equipment in the evolving landscape of material handling.

Technological innovations play a crucial role in shaping the Global Telehandler Market Industry. The integration of advanced features such as telematics, improved fuel efficiency, and enhanced safety systems is becoming commonplace. These advancements not only increase operational efficiency but also reduce downtime and maintenance costs. As manufacturers invest in research and development, telehandlers equipped with cutting-edge technology are likely to dominate the market. This trend aligns with the projected CAGR of 3.93% from 2025 to 2035, suggesting that technological enhancements will significantly influence market dynamics and cater to evolving customer needs.

The Global Telehandler Market Industry is witnessing a shift towards rental services, driven by cost-conscious consumers and businesses. Renting telehandlers allows companies to access high-quality equipment without the burden of ownership costs. This trend is particularly evident in sectors such as construction and agriculture, where project-based work is prevalent. As rental services expand, they provide flexibility and reduce capital expenditure for businesses. This shift is likely to contribute to the market's growth, as rental companies increasingly invest in their fleets to meet rising demand, further solidifying the telehandler's role in various industries.

The Global Telehandler Market Industry is significantly impacted by the growing demand for telehandlers in agricultural applications. Farmers increasingly recognize the advantages of telehandlers for handling materials such as bales, pallets, and feed. Their ability to operate in diverse terrains and lift heavy loads makes them indispensable in modern farming. As agricultural productivity becomes a priority, the adoption of telehandlers is likely to rise, contributing to market growth. This trend aligns with the overall expansion of the telehandler market, which is projected to reach 10.8 USD Billion by 2035, driven by increased efficiency and productivity in the agricultural sector.

The Global Telehandler Market Industry experiences a notable surge in demand driven by the expanding construction sector. As urbanization accelerates, the need for efficient material handling equipment becomes paramount. Telehandlers, with their versatility and ability to maneuver in tight spaces, are increasingly favored on construction sites. In 2024, the market is projected to reach 7.1 USD Billion, reflecting the industry's response to heightened construction activities. This trend is expected to continue, with the market potentially growing to 10.8 USD Billion by 2035, indicating a robust growth trajectory fueled by ongoing infrastructure projects worldwide.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Region is expected to dominate the telehandler market due to its significant share and ongoing infrastructure development and construction projects. Moreover, China’s Telehandler market held the largest market share, and the IndianTelehandler market was the fastest growing market in the Asia-Pacific region. Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: TELEHANDLER MARKET SHARE BY REGION 2022 (%)                                Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review Europe's Telehandler market accounts for the second-largest market share. This is due to the use of farming equipment and sophisticated construction equipment. Further, the German Telehandler market held the largest market share, and the UK Telehandler market was the fastest-growing market in the European Region.

North America is expected to grow fastest from 2023 to 2032 due to the rising number of investors emerging into the power and utilities, agriculture, transport, and logistics sectors.

Leading market players are investing heavily in research and development to expand their product lines, which will help the Telehandler market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Telehandlerindustry must offer cost-effective items. Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Telehandler industry to benefit clients and increase the market sector.

The Telehandler industry has offered some of the most significant advantages in recent years. Major players in the Telehandler market include Manitou (U.K.), J C Bamford Excavators Ltd. (U.K), and Merlo S.p.A (Italy), Bobcat Corporate (U.S.). Bobcat Company, an American agricultural and construction equipment manufacturer, is headquartered in West Fargo, North Dakota, USA. In 2017, the European headquarters relocated from Waterloo, Belgium, to Dobříš, Czech Republic. Recently, Doosan Bobcat inaugurated a  Collaboration Center in Minneapolis, serving as a central hub for  operations and team collaboration. This facility enhances their ability to manage functions effectively and facilitates seamless teamwork.

Manitou, a leading French heavy equipment manufacturer, specializes in producing forklifts, telehandlers, cherry pickers, and other robust machinery. The company was established in 1957 by Marcel Braud in France, focusing on designing forklift trucks suitable for challenging terrains. Manitou's headquarters are located in Ancenis. Recently, Manitou BF introduced its latest offerings in Asia, the Middle East, and Eastern Europe, including two new telehandlers, MXT 840 and Gehl TX 408, and two compact loaders, R134 and 1340R.