The global telehandlers market is anticipated to reach USD 11,822.81 million by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 5.9%, according to Future Market Insights (FMI).
The growing demand for telehandlers is primarily fueled by their exceptional versatility. These multi-functional machines are becoming essential assets across various sectors, including construction, infrastructure development, manufacturing, mineral processing, and mining.
Telehandlers stand out due to their ability to handle a wide range of attachments and perform diverse tasks. This adaptability enhances operational efficiency by reducing the need for multiple specialized machines, streamlining operations, and ultimately cutting costs. The increasing demand in the construction and manufacturing industries, combined with the inherent advantages of telehandlers, is expected to drive market growth in the coming years.
Originally used for landscaping and farming, telehandlers have evolved into sophisticated construction equipment. Manufacturers are investing significantly in research and development to innovate and enhance their product offerings.
While the US and European markets have been early adopters of telehandlers, future growth will largely depend on demand from emerging markets such as China, India, Brazil, and GCC countries, where large-scale projects are on the rise.
Telehandlers are distinguished by their ability to perform the functions of cranes, loaders, and access equipment across various industries. This versatility allows them to be deployed on-site for material handling without the need for extensive ground preparation.
With advancements in technology and a focus on total cost of ownership (TCO), telehandlers offer significant value over the long term. End-users seeking customized solutions may find that the higher initial cost of telehandlers is justified by the overall machine expense and its efficiency in projects, providing substantial value for their investment.
Full Market Assessment: Comprehensive Report
Key Takeaways of Telehandlers Market Study:
- Worldwide sales of telehandlers to surpass USD 11,822.81 million in 2034.
- 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
Market Segmentations:
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
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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