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Report Overview
The global telehandler market reached a value of nearly USD 5.50 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 3.3% to reach about USD 6.96 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Telehandler Market Size
The global telehandler market size reached a value of nearly USD 5.50 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 3.3% to reach about USD 6.96 billion by 2032.
Asia Pacific to Hold Substantial Share in the Market Growth of Telehandlers
The Asia Pacific region is anticipated to hold a substantial share in the telehandler market over the coming years owing to the rising infrastructure development and growing construction projects. Market growth is especially expected in countries such as Australia, China, and India. A rapid increase in industrialisation and a huge number of construction activities along with emerging economies like China and India are expected to fuel the market demand.
The rapid growth in the construction industry especially in China, including the largest construction projects, are likely to provide ample market opportunities to market players across the region. North America is expected to register a significant market growth due to the increasing investments by the government in various industries like agriculture, transport and logistics, and power and utilities.
Telehandler Market Report Snapshots
*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.*
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Key Questions Answered in the Report
In 2023, the market at a global level attained a value of nearly USD 5.50 billion.
The market is assessed to grow at a CAGR of 3.3% between the forecast period of 2024 and 2032.
Over the forecast period of 2024-2032, the market is estimated to witness healthy growth, reaching almost USD 6.96 billion by 2032.
The major market drivers are surging industrialisation, and rising investment in agricultural activities.
The key market trends include rapid growth construction industry and increased expenditure on the construction along with technological advancements.
The major regions in the market are Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
The various products in the market include compact telehandler and large telehandler.
The major types in the market includes rotating and non-rotating.
The various ownership models in the market include rental and personal.
The different heights in the market are less than 50 ft and 50 ft and above.
In the market, the various capacity categories available are below 3 tons, 3-10 tons, and above 10 tons.
The various applications include construction, agriculture, forestry, mines and quarries, and transport and logistics, among others.
The major players in the market are Dieci s.r.l., Manitou Group, JLG Industries, Inc., Liebherr-International Deutschland GmbH, JCB Group, Caterpillar, and Doosan Bobcat, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124