The global telehandlers market is poised for substantial expansion, with Future Market Insights (FMI) forecasting a robust Compound Annual Growth Rate (CAGR) of 5.1%. As the decade approaches its culmination in 2030, the market anticipates reaching an estimated valuation of approximately US$ 6,247.6 million. The burgeoning demand for telehandlers is underpinned by their remarkable versatility, positioning them as indispensable assets across a spectrum of industries, including infrastructure and construction development, manufacturing, mineral processing, and mining sectors.
Recognized interchangeably as telescopic handlers or teleboom forklifts, telehandlers are swiftly cementing their status as indispensable assets in modern construction and industrial environments. Their ability to accommodate an array of attachments and perform diverse tasks has propelled their widespread adoption. This adaptability not only augments operational efficiency but also minimizes the necessity for multiple specialized machines, thus optimizing operations and reducing costs.
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Telehandlers have developed from a conventional landscaping and farming machinery to a much more sophisticated construction equipment. Telehandlers manufacturers invest heavily in R&D to develop and incorporate changes in their product line.
While the US and European countries have been the early adopters of telehandlers, future growth will be reliant on demand from China, India, Brazil, GCC, and countries where mega projects are coming up.
Given their multipurpose features that enables them to perform the tasks of cranes, loaders, and access equipment in several industries, telehandlers are set to be the first machinery that can be deployed at operation sites for material handling without prior ground preparation.
Tech-driven performance and dependence in tandem with total cost of ownership (TCO) possess better value of money over long run.
End-users, seeking customized solutions at slightly higher price, will find value addition in telehandlers as overall machine expense and its utilization in projects will justify customers’ initial investment in the machinery.
Key Takeaways of Telehandlers Market Study:
- Worldwide sales of telehandlers to surpass US$ 6 Bn in 2030
- Manufacturers to reap substantial gains from telehandlers having maximum lift height of 30′-60′
- ‘Electrification’ and ‘lightweighting’ to emerge as disruptive forces in global market
- The US and Europe remain the most lucrative markets
“Telehandlers are equipped with an array of attachments including, jib and crane, pallet fork, tire handlers, and re-handling multi-purpose buckets, and these attachments are transforming continuously as the cab continues to explore potential application avenues,” says analyst at FMI.
Telehandlers Market – Competitive Intelligence:
Top Key Players covered in the report:
Danfoss, Terex Corporation (Genie), Haulotte Group, Oshkosh Corporation (JLG Industries, Inc.), Linamar Corporation, Manitou BF, J C Bamford Excavators Ltd., MAGNI Telescopic Handlers Srl, Doosan Bobcat, CLAAS KGaA mbH, Wacker Neuson SE, Xtreme Manufacturing Llc
The global telehandlers market is highly consolidated with prominent players capturing about two-fifths of overall market value. Manufacturers are developing telehandlers armed with new features in an effort to lock in customers and achieve economies of scale. For instance,
JCB has rolled out its new telehandlers – Hydraload 555-210R – with rotating telescopic handler. The machine comes with maximum lifting height of 20.5 m and maximum lift capacity of 5.5 tons
Xtreme Manufacturing has introduced telehandlers that exhibit 17,000-pound capacity. The telehandlers are armed with the company’s novel modular cab design that allows them to be simply switched from open to enclosed, or vice versa, with an optional gear. This offers customers with enhanced flexibility while running telehandlers in several environments
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Market Segments:
By Maximum Lift Height:
- Upto 30’
- 30’ – 60’
- More than 60’
By Ownership:
- Rental Services
- End Use Industries
- Construction
- Agriculture Aftermarket
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- MEA
- Oceania
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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