Telehandlers Market Size, Growth & Forecast 2027

Telehandlers Market to 2027 - Global Analysis and Forecasts by Type (Compact Telehandlers, High Lift Telehandlers, High Load Telehandlers); Propulsion Type (Hybrid, Electric, Combustion); Lift Height (Below 5 Meter, 5-15 Meter, above 15 Meter); Lift Capacity (Below 3 Tons, 3-10 Tons, above 10 Tons); End-user (Construction, Agriculture, Mining, Forestry, Others)

Publication Month : Mar 2020

  • Report Code : TIPEL00002726
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 239
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[Research Report] The telehandlers market was valued at US$ 6.03 Bn in 2019 and is expected to grow at a CAGR of 2.41% from 2020 to 2027 to reach US$ 7.31 Bn by 2027.

The telehandlers market has witnessed eminent growth in the last couple of years globally. Factors such as increasing mining, agricultural, and infrastructural projects are driving the demand for construction equipment including telehandlers across the world. In addition, the emergence of smart technology and introduction of electric telehandlers.  Apart from the construction industry, the agriculture industry plays an essential role in stimulating the demand for telehandlers in the market. The US, China, India, and Brazil are among the prominent countries indulged in agricultural activities. Telehandler is a mechanical equipment used in diverse industries such as mining, forestry, construction, and agriculture. The use of telehandlers is heavily observed in North American and European markets, whereas in the Asian market, it is not widely adopted. In Asia, other alternative machines such as mini cranes are used. On the contrary, the economic condition of Asian countries continues growing, which could provide the telehandlers providers with a platform to grow their market in untapped emerging economies.

Lucrative Regional Telehandlers Markets

Lucrative Regional Telehandlers Markets
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Market Insights

Growing Mining and Construction Business

Infrastructure-driven growth in countries such as China has resulted in high economic growth and increase in the demand for commodities such as iron ore, coal, manganese, cobalt, and copper. The exploration activities for necessary minerals and metals are vital for the overall growth of the mining industry. In addition, growth of infrastructural projects and development of the urban industry are fueling the demand for construction equipment within the construction industry. On the account of rising infrastructural projects globally, the need for equipment integrated with sophisticated technologies is growing to ensure a higher level of productivity.

Due to factors mentioned above, the telehandlers market is expected to grow.

Impact of Covid-19 on Telehandlers Market:

The 2019-20 COVID-19 (coronavirus) pandemic had a major impact on society, public health, and the economy as a whole. Further, it has also caused chaos to the myriad of industries such as construction, manufacturing, and mining. In an attempt to stop the spread of the virus, several companies are taking steps to ensure the safety and wellness of the employees. Constructional projects have been kept on-hold in the amid of Covid-19 outbreak. Also, manufacturing industries has closed down their facilities due to lockdown. For instance, JLG Industries has suspended production in the US and France, whereas, in China and Romania the facilities are operational with limited workforce. Shutdown or production with low capacity are the major factors which would further impact the concern end user industry like construction for further business, and will eventually the adoption of telehandlers.

Type Insights

Based on type, the telehandlers market is segmented into compact Telehandler, high-lift telehandler, and high-load telehandler. The high-lift telehandler segment captured a dominating share in the global telehandlers market. The growing construction and mining activities globally is demanding the deployment of high lift telehandlers to streamline its overall operations by lifting heavy loads to great heights. These telehandlers are also being used across construction, manufacturing, warehousing, mining, and quarrying.

Propulsion Type Insights

The telehandlers market, by propulsion type, is segmented into hybrid, combustion, and electric. The combustion segment captured a dominating share in the global telehandlers market.  The telehandlers, which uses internal combustion engines, makes use of a variety of fuels such as gasoline, liquid petroleum gas (LPG), diesel fuel, and compressed natural gas.

Lift Capacity Insights

Based on lift capacity, the telehandlers market is segmented into below 3 tons, 3 - 10 tons, and above 10 tons. The 3 - 10 tons segment captured a dominating share in the global telehandlers market. The telehandlers are very much compatible with a wide range of accessories due to the RFID system that automatically recognizes the creation of dynamic load charts to meet the numerous requirements across the manufacturing and construction sector.

Lift Height Insights

The telehandlers market, by lift height, is segmented into below 5 meter, 5 - 15 meter, and above 15 Meter. The 5 – 15meter segment captured a dominating share in the global telehandlers market.  The telehandlers with heights between 5 to 15 meters is designed to offer the highest levels of productivity and performance, along with economical running costs, enviable versatility, world-beating build quality, as well as a wide range of attachments.

Global Telehandlers Market, by End User – 2019 & 2027

Global Telehandlers Market, by End User – 2019 & 2027
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End User Insights

The telehandlers market, by end user, is segmented into construction, agriculture, mining, forestry, and others. The construction segment captured a dominating share in the global telehandlers market. The growing construction industry with rise in development in the healthcare, social, and educational infrastructure globally is demanding telehandlers to lift the loads.

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Telehandlers Market: Strategic Insights

telehandlers-market
Market Size Value inUS$ 6.03 Billion in 2019
Market Size Value byUS$ 7.31 Billion by 2027
Growth rateCAGR of 2.41% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Market initiative and new development strategies are commonly adopted by companies to expand their footprint worldwide and meet the growing demand. These strategies are mostly observed in North America and Europe. The players present in the telehandlers market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally.

Global Telehandlers Market – By Type

  • Compact Telehandler
  • High-Lift telehandler
  • High-Load telehandler

Global Telehandlers Market – By Propulsion Type

  • Hybrid
  • Combustion
  • Electric

Global Telehandlers Market – By Lift Height

  • Below 5 Meter
  • 5 - 15 Meter
  • Above 15 Meter

Global Telehandlers Market – By Lift Capacity

  • Below 3 Tons
  • 3 - 10 tons
  • Above 10 tons

Global Telehandlers Market – By Equipment Type

  • Construction
  • Agriculture
  • Mining
  • Forestry
  • Others

Telehandlers Market – By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific

    • China
    • India
    • Australia
    • South Korea
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America

    • Brazil
    • Argentina
    • Rest of South America

Company Profiles

  • AB Volvo
  • Bobcat Company
  • Caterpillar Inc.
  • CNH Industrial N.V.
  • Hauloutte Group
  • JLG Industries, Inc.
  • Komatsu Ltd.
  • Liebherr Group
  • Manitou BF
  • Terex Corporation
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type ; Propulsion Type ; Lift Height ; Lift Capacity ; End-user

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which region led the telehandlers market in 2019?

The Europe region led the telehandlers market in 2019. The major contributors to the telehandlers market in Europe are Germany, France, the UK, Russia, and Italy, among others. The western part of Europe is known for its better standards of living, with people exhibiting higher income levels. Such enhancement in areas/sectors provides ample growth opportunities to the businesses to further nurture their business organization through product development, geographical expansion, and others

Which factor is driving the telehandlers market?

Infrastructure-driven growth in countries such as China has resulted in high economic growth and increase in the demand for commodities such as iron ore, coal, manganese, cobalt, and copper. The exploration activities for necessary minerals and metals are vital for the overall growth of the mining industry. The mining activities are likely to be initiated in more exotic locations with the progression of civilization in the coming years. For instance, gold mines in South Africa, Russia, Indonesia, the US, and other countries are expected to draw attention for more mining activities. Similarly, China and South Africa are the major countries known for significant number of production sites for iron ore. To continue with mining activities, the need for appropriate equipment will be necessary for greater productivity while ensuring low risk of fatalities.

Which End-User led the telehandlers market?

The telehandlers/telescopic telehandlers are continually being used across the construction industry for lifting heavy loads. They are most commonly used for lifting pallet boards as well as moving heavy loads to a particular height or unreachable areas. Most of the manufacturers are robustly focusing on the development of advanced telehandlers to replicate the features of cranes, forklifts, and work platforms, which are attached to the telescopic telehandlers for reducing the time as well as effort in transporting heavy loads efficiently to carry out tasks quickly with the application of two or more machines.

The List of Companies - Telehandlers Market

  1. AB VOLVO
  2. BOBCAT COMPANY
  3. CATERPILLAR INC.
  4. CNH INDUSTRIAL N.V.
  5. HAULOTTE GROUP
  6. JLG INDUSTRIES, INC
  7. KOMATSU LTD.
  8. MANITOU BF
  9. TEREX CORPORATION
  10. LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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