Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
The global telescopic handlers market reached approximately USD 6.59 billion in 2023. The market is assessed to grow at a CAGR of 5% between 2024 and 2032 to attain a value of around USD 10.23 billion by 2032.
Base Year
Historical Year
Forecast Year
Telescopic handlers are aerial platform equipment vehicles built to use ubiquitously in agriculture, warehousing operations, dockyards, and industries. It is also referred to as telehandler, teleporter, reach forklift, or boom lift. The equipment is basically used to carry goods or personnel and possesses the ability to move goods from one place to another. It is mostly used for applications such as grain buckets, dirt buckets, power booms, and rotators. Moreover, these vehicles are used with different types of attachments, such as platforms and grippers.
The industry is being driven by rapid technological advancements, such as the innovation of electric or lithium-ion powered telescopic handlers, and the product’s widespread applications in various industries, particularly construction, transport, and agriculture. The proliferating investments by the key industry players in research and development activities, such as the upgradation of telescopic handlers, have also propelled the telescopic handlers demand. However, the availability of alternate and more flexible equipment, such as loader cranes, and high initial investments associated with telescopic handlers may hamper the industry's growth. Over the forecast period, the increasing demand for technologically advanced systems in construction machinery due to their high rate of productivity is slated to fuel the market growth.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Increasing Demand for Electric Telehandlers
There is a significant shift towards electric telehandlers driven by the need for sustainable and environmentally friendly solutions. The proliferation of electric models is paving the way for innovation in the market, as companies seek to reduce their carbon footprint and comply with stricter environmental regulations. This trend is expected to accelerate further, particularly in urban areas where emissions standards are becoming more stringent.
In 2024, multiple manufacturers have introduced electric telehandlers, including Dieci, which launched the Apollo-e, its first fully electric telehandler., contributing to the growth of the telescopic handlers market. This model features a 2,600 kg load capacity and a 6-meter lifting height, powered by a combination of lithium batteries that allow for a full day's operation on a single charge. Moreover, the Manitou MLT 625e, designed for agriculture, features a lithium-ion battery that provides up to four hours of continuous work time and can be fully charged in about three hours.
Growing Advancements in the Technology
The integration of advanced technologies such as automation, telematics, and IoT in telehandlers is enhancing operational efficiency and safety. These technologies allow for better performance monitoring, predictive maintenance, and improved fleet management, making telehandlers more versatile and user-friendly and boosting the demand of telescopic handlers market. As construction companies increasingly adopt smart machinery, this trend is likely to continue growing.
As per the industry reports, implementing automation can lead to a 72% reduction in manufacturing injuries under optimal conditions, showcasing the potential safety benefits of these technologies.
Additionally, in a survey conducted by Omdia, over 48% of enterprise respondents indicated that integrating AI and machine learning into their IoT deployments was a priority for the future, underscoring the growing importance of these technologies in enhancing operational efficiency. These developments illustrate how the adoption of advanced technologies like automation, telematics, and IoT is transforming the telehandler market by improving both operational efficiency and safety standards across various industries.
November 2024
New Holland announced the launch of a compact TH6.26 telehandler, aiming to offer a comprehensive selection of telehandlers ranging from 6 to 9 meters. The company states that these models are particularly well-suited for materials handling in livestock operations where access is restricted.
September 2024
Magni Telescopic Handlers, a recognised global leader in rotating, fixed boom, and heavy lift telehandlers, has announced a new partnership with Gap Power, an equipment supplier serving southeastern Pennsylvania and its surrounding areas. Gap Power is now officially appointed as an authorised dealer for the complete lineup of Magni's telehandlers.
There is an increasing emphasis on safety and ergonomic designs in telehandler manufacturing. Advanced control systems and ergonomic features are being incorporated to enhance operator comfort and minimise the risk of accidents on job sites. This trend of telescopic handlers market reflects a broader industry commitment to improving workplace safety standards while boosting productivity. Since 2020, all North American mobile elevated work platforms (MEWPs), including telehandlers, have been redesigned to comply with updated ANSI/OSHA A92.20 design standards. This includes new safety features such as platform load sensing, machine tilt sensing, and standardised entry gates.
Moreover, recent updates in the safety features include load stability indication systems, which help operators remain within safe lifting capacities, and backup camera technology that provides multiple views from behind the machine, enhancing situational awareness.
One of the primary restraints in the telehandler market is the high initial investment required to acquire these machines. The cost of purchasing a telehandler can be significant, often exceeding USD 100,000 depending on the model and specifications. This financial barrier can deter small and medium-sized enterprises (SMEs) from investing in telehandlers, leading them to opt for rental options instead which can hinder telescopic handlers demand growth.
The ongoing supply chain issues have been a significant challenge for manufacturers in the telehandler market. Delays in obtaining components have led to production slowdowns, affecting the availability of new machines. For instance, manufacturers like Pettibone have reported difficulties in sourcing parts, which has resulted in shipment delays and an inability to meet rising demand. These disruptions not only hinder production but also increase costs due to extended lead times.
High-capacity telehandlers are becoming increasingly popular due to their ability to lift heavier loads and reach greater heights. Innovations in hydraulic systems and structural reinforcements have enabled these machines to hoist loads exceeding 20,000 pounds, enhancing their utility in large-scale construction projects. This trend is particularly beneficial for industries requiring robust material handling capabilities, eventually influencing telescopic handlers demand forecast.
The demand for high-capacity telehandlers is driven by the need to handle larger materials in construction and industrial applications. JLG Industries reports that the rise of large-scale projects, such as big-box distribution centres, requires equipment capable of manoeuvring heavy loads efficiently. These facilities often utilise larger building materials, which necessitate the use of high-capacity telehandlers that can operate effectively in busy job sites without compromising lift capacity.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
“Telescopic Handlers Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Technology
Market Breakup by Lift Height
Market Breakup by Lift Capacity
Market Breakup by End Use
Market Breakup by Region
By Type Insights
The large telehandler segment held a significant telescopic handlers market share due to the increasing demand for powerful machinery in construction and infrastructure projects, where large telehandlers are essential for lifting heavy loads and reaching significant heights. Compact telehandlers are also gaining traction due to their manoeuvrability and ability to operate in confined spaces, making them ideal for urban construction sites and various applications in agriculture and warehousing.
By Technology Insights
The combustion technology segment currently holds the highest share, primarily due to its long-standing presence and established usage in various industries. The hybrid segment also has a notable presence as companies look for more versatile solutions that balance performance with reduced emissions, impacting the telescopic handlers market dynamic and trends.
By Lift Height Insights
Telehandlers with a reach of over 15 meters dominate the market in terms of revenue and demand. These machines are primarily used in industries requiring access to high-elevation work, such as construction. Their ability to handle high-capacity loads and work efficiently at heights makes them indispensable for large-scale projects. This segment is also driving innovation, with manufacturers focusing on creating more powerful, efficient, and environmentally friendly models in this range.
By Lift Capacity Insights
The popularity of 3 to 10-ton telehandlers in telescopic handlers market is due to their versatility and efficiency in various industries. These telehandlers are essential for lifting and moving heavy materials in the construction sector, enhancing job site productivity. Their ability to manoeuvre in confined spaces makes them ideal for loading and unloading goods. They further assist in transporting equipment and materials across challenging terrains.
By End Use Insights
The construction sector holds the largest share due to the industry's extensive use of telehandlers for lifting and moving heavy materials, which enhances efficiency and productivity on job sites as well as telescopic handlers market opportunities. The agriculture sector is also a significant user of telehandlers as farmers utilise these machines for tasks such as handling bales, loading feed, and managing materials, benefiting from their versatility and adaptability to various attachments.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
North America Telescopic Handlers Market Trends
The market in the region is expected to grow due to major investments in infrastructure. As per the telescopic handlers industry analysis, the US government has committed to a USD 1.2 trillion investment under the Infrastructure Investment and Jobs Act, which is expected to enhance construction activities and increase demand for telehandlers.
JCB announced the construction of a new USD 500 million factory in San Antonio, Texas, which will produce Loadall telescopic handlers and aerial access equipment. This facility is expected to create 1,500 new jobs and enhance JCB's manufacturing capacity in North America, where the company has seen substantial growth.
Asia Pacific Telescopic Handlers Market Drivers
The Asia Pacific accounts for a significant share in the industry owing to the growing investments in infrastructure development in emerging nations like China and India. Moreover, the increasing demand for compact and robust telescopic handlers in growing economies across the region has significantly contributed to the growth of the telescopic handlers industry.
Meanwhile, the growing demand for electric and hybrid telescopic handlers and the growing investments in research and development activities by the manufacturers aid the market. The growing construction industry and the high infrastructure spending by the governments across the region have paved the way for regional industry growth.
Europe Telescopic Handlers Market Opportunities
European countries are increasingly focusing on sustainability, which drives demand for eco-friendly machinery like electric and hybrid telehandlers. The European Green Deal aims to make Europe climate-neutral by 2050, promoting sustainable practices across various sectors, including construction and manufacturing, which can increase telescopic handlers industry revenue. This comprehensive framework encourages investments in eco-friendly technologies, including electric and hybrid machinery.
Companies are launching new models with advanced features tailored for the European market, such as Bobcat’s rotary telehandlers designed for improved visibility and safety during operation. These innovations are crucial as they meet the evolving needs of the construction sector.
Latin America Telescopic Handlers Market Growth
Latin America is witnessing growth due to improvements in trade agreements and infrastructure development initiatives. Brazil has allocated approximately USD 1.4 billion to transport infrastructure projects in the first seven months of 2023. The Brazilian government currently has 172 ongoing infrastructure investment projects across various sectors such as urban mobility, power distribution, and mining, which directly increase the telescopic handlers market value in construction activities.
Countries like Brazil are focusing on enhancing logistics capabilities, which include investing in telehandler technology for efficient material handling. The rise of e-commerce is creating new opportunities for logistics providers in Latin America, increasing the demand for versatile equipment such as telehandlers that can handle various materials efficiently.
Middle East and Africa Telescopic Handlers Market Dynamics
The region is investing heavily in infrastructure projects to support economic growth. Countries like the UAE are enhancing port facilities and transportation networks, which boosts demand for telehandlers capable of handling heavy loads in challenging environments, contributing to the telescopic handlers market revenue. There is a growing trend towards adopting advanced technologies such as IoT and automation within the logistics sector in the Middle East, enhancing operational efficiency and safety standards for equipment like telehandlers.
New companies are developing electric and hybrid telehandlers to reduce emissions and operating costs. These machines are particularly suitable for indoor and urban construction sites where low noise and zero emissions are essential. Startups are integrating automation and robotics into telehandler operations to increase telescopic handlers industry revenue. For example, some are creating autonomous telehandlers capable of performing tasks without human intervention, improving precision and safety on job sites.
Third Wave Automation
Founded in 2018, Third Wave Automation focuses on developing autonomous forklifts and telehandlers for warehouse operations. Their technology enables machines to operate independently, enhancing efficiency and safety in material handling tasks. In 2021, they raised $40 million to further their development efforts.
Polymath Robotics
Polymath Robotics offers plug-and-play autonomy software designed to convert industrial vehicles, including telehandlers, into autonomous machines. Their hardware-agnostic approach allows for easy integration, aiming to improve productivity and safety across various industries.
The report gives a detailed analysis of the following key players in the global telescopic handlers industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. Companies are investing in developing new models with advanced features to improve efficiency and safety. For instance, the introduction of electric and hybrid telehandlers addresses environmental concerns and offers cost-effective solutions.
JCB Manufacturing Inc
JCB Manufacturing Inc is a subsidiary of J.C. Bamford Excavators Limited (JCB), a British multinational company founded in 1945. JCB specialises in manufacturing equipment for construction, agriculture, waste handling, and demolition.
Bobcat Company
Bobcat Company, established in 1947, is an American manufacturer of compact equipment for construction, agriculture, landscaping, and other industries. Their product line includes skid-steer loaders, compact excavators, and utility vehicles.
Manitou Group
Manitou Group, founded in 1957 and headquartered in Ancenis, France, specialises in manufacturing handling, lifting, and earthmoving equipment for construction, agriculture, and industrial markets. Their products include telehandlers, forklifts, and aerial work platforms.
Other major players in the market are Liebherr-International Deutschland GmbH. Caterpillar Inc. and Deere & Company, among others.
June 2024
JCB announced the development of a new factory in San Antonio, Texas, with an investment of USD 500 million. This facility, covering 720,000 square feet, is situated on a 400-acre site and is scheduled to commence production of Loadall telehandlers and aerial access equipment in 2026.
January 2024
SANY India, a leading manufacturer of construction equipment, has exported more than 1,000 Telehandlers to the United States. This accomplishment highlights India's importance as a central manufacturing centre within SANY's global strategy.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the global telescopic handlers market attained a value of nearly USD 6.59 billion.
The market is estimated to witness a healthy growth at a CAGR of 5% in the forecast period of 2024-2032.
The major drivers of the market include the rapid advancements in the infrastructure in the emerging economies, thriving construction sector, and the rising investments in various sectors.
The key trends guiding the growth of the market include the surging demand for technologically advanced systems in construction machinery, increasing investments in R&D activities by key players, and the extensive applications of telescopic handlers in the transport, construction, and agriculture sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Compact and large are the major types of the product.
The different technologies considered in the market report are electric, combustion, and hybrid.
Less than 5 metres, 5-15 metres, and more than 15 metres are the different lift heights of the product.
Less than 3 tons, 3-10 tons, and more than 10 tons are the various lift capacities of the product.
Construction, forestry, agriculture, oil and gas, manufacturing, transport and logistics, and power utilities, among others, are the significant end uses of the product.
The major players in the market are JCB Manufacturing Inc., Bobcat Company, Manitou Group, Liebherr-International Deutschland GmbH, Caterpillar Inc., and Deere & Company, among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 10.23 billion by 2032.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by Technology |
|
Breakup by Lift Height |
|
Breakup by Lift Capacity |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
Share