Top 6 Companies Ruling the Global Telescopic Handlers Market

The global telescopic handlers market is expected to grow at a CAGR of about 5% in the forecast period of 2023-2028. As per the analysis by Expert Market Research, the market is expected to be driven by growing technological advancements.

The market is being propelled by rapid technological advancements, which are driving the development of innovative electric or lithium-ion-powered telescopic handlers. The extensive use of telescopic handlers in various sectors, most notably construction, transportation, and agriculture, among others, is also aiding the market.

The market growth can further be attributed to the increasing R&D expenditures by major market players, hence leading to the upgradation of telescopic handlers. Moreover, the growing demand for technologically sophisticated systems in construction equipment to boost productivity is likely to drive the market development in upcoming years.

The development of innovative telescopic handlers providing high lift capacities and reach is expected to aid the market. Automatic levelling jacks are also deployed in such telescopic handlers to enhance their versatility, functionality, and safety. Furthermore, the market for telescopic handlers is anticipated to be augmented by the increasing residential construction and commercial development activities in both developed and developing countries.

Various leading companies in the market are increasingly expanding their product offerings, which is expected to significantly augment the market growth. For instance, in January 2022, JCB expanded its JCB Loadall range by introducing the 538-70 telehandler that offers enhanced specifications, performance, and features. Additionally, the emerging trend of electrification of telescopic handlers is expected to increase the preference for telehandlers powered by electricity amid the growing emission and noise regulations in the forecast period.

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Top 6 Telescopic Handlers Companies in the World

JCB Manufacturing Inc

JCB is a manufacturer of construction, agricultural, waste management, and demolition equipment with its headquarters in Rocester, England. It has 22 facilities in which it manufactures over 300 different kinds of equipment, including diggers, excavators, tractors, and diesel engines, and its goods are marketed in over 150 countries. In 2020, the company developed the first hydrogen powered evacuator for the construction sector.

Bobcat Company

Bobcat Company, a subsidiary of Dosan Group, provides technologies and machines for the agriculture, construction, rental, landscaping, utilities, and ground maintenance, among other applications. The company strives to advance its technologies for developing new products and services for its consumers. Some of its leading products include tractors, excavators, utility vehicles, loaders, and telehandlers.

Manitou Group

Manitou is a French producer of heavy equipment, including forklifts, cherry pickers, telehandlers, and other types of heavy equipment. It also manufactures services and equipment of access and handling platforms for the industrial, construction, and agriculture sectors. Its product lines include rough-terrain telehandlers and fixed, rotary and heavy-tonnage forklifts, among others. It employs around 4,500 people and generated sales of EUR 1.6 billion in 2021.

Liebherr- international Deutschland GmbH

The Liebherr Group is a market leader in construction and mining equipment as well as a provider of innovative user-oriented products and services in a variety of other industries. Liebherr's product portfolio includes earthmoving and material handling equipment, mining equipment, mobile cranes, control technology, etc. The family-owned company employs about 50,000 employees and comprises of 13 product segments. In 2021, the company achieved a turnover of EUR 11,639 million.

Caterpillar Inc.

Caterpillar Inc is a Fortune 100 company headquartered in the United States. It features a portfolio of 20 brands that offer engines, machines, components, solutions, and services for various consumers and industries. It is the world's biggest producer of mining and construction equipment. Additionally, the company operates through three segments, namely, energy and transportation, resources industries, and construction industries. In 2021, it generated USD 51 billion in revenue and employ about 107,700 people.

Deere and company

Deere and Company is a manufacturer of innovative solutions and producer of connected and intelligent applications and machines. It aims to revolutionise the agricultural and construction sectors by providing easy-to-use solutions and products. In 2021, the company delivered revenues and net sales of USD 44.02 billion. Additionally, it offers financial services and engages in other connected operations.

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