Global Telescopic Handlers Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Telescopic Handlers Market Analysis

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.

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Telescopic Handlers Market Trends

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.

Industry News

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.

Opportunities in Telescopic Handlers Market

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.

Telescopic Handlers Market Restraints

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.

Telescopic Handlers Market Dynamics

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.

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Telescopic Handlers Industry Segmentation

“Telescopic Handlers Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Compact
• Large

Market Breakup by Technology

• Electric
• Combustion
• Hybrid

Market Breakup by Lift Height

• Less than 5 Metres
• 5-15 Metres
• More Than 15 Metres

Market Breakup by Lift Capacity

• Less Than 3 Tons
• 3-10 Tons
• More Than 10 Tons

Market Breakup by End Use

• Construction
• Forestry
• Agriculture
• Oil and Gas
• Manufacturing
• Transport and Logistics
• Power Utilities
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Telescopic Handlers Market Share

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.

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Telescopic Handlers Market Regional Analysis

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.

Innovative Telescopic Handlers Market Startups

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.

Competitive Landscape

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.

Key Industry Players

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.

Recent Developments

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.