According to the report by Expert Market Research (EMR), the Global Telescopic Handlers Market Size is projected to grow at a CAGR of 5% between 2023 and 2028. Aided by the escalating demand in construction, agriculture, and mining activities, along with the expanding use of telescopic handlers in various industries, the market is expected to grow significantly by 2028.
Telescopic handlers, also known as telehandlers, are versatile lifting machines widely used across a variety of sectors. They are equipped with a telescopic boom that can extend forwards and upwards from the vehicle, providing higher reach and accessibility than conventional forklifts. These machines are often used in construction, agriculture, and industries that require high lift or reach. Their ability to handle diverse attachments makes them incredibly flexible for a range of tasks, including material handling, digging, and lifting.
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The increasing demand in construction, agriculture, and mining sectors is a major driver for the global telescopic handlers market growth. The surge in infrastructural development projects and the growing need for efficient handling of materials have led to a significant rise in demand for telehandlers. Moreover, the steady expansion of the agricultural sector has also bolstered the use of these machines for tasks such as crop handling and harvesting.
The widening applications of telescopic handlers in different industries also contribute significantly to the telescopic handlers market expansion. In the industrial sector, telehandlers are increasingly used for handling heavy loads and materials, whilst in the logistics industry, they are crucial for warehouse management and cargo handling. They are also increasingly being used in the oil and gas sector for drilling and maintenance operations.
Moreover, technological advancements have led to the development of more efficient, safer, and user-friendly telehandlers, further boosting the telescopic handlers market demand. Innovations such as integrated safety systems, advanced manoeuvrability, and enhanced lifting capabilities are making these machines even more versatile and efficient.
Furthermore, the rise in rental and leasing services for heavy machinery has resulted in an increased availability of telehandlers, thereby driving the telescopic handlers market growth. For many businesses, especially small and medium-sized enterprises, renting telehandlers presents a more cost-effective solution than outright purchase, contributing to an increased adoption of these machines.
Telescopic Handlers Market Segmentation
The market can be divided based on type, technology, lift height, lift capacity, end use, and region.
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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
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global telescopic handlers companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- JCB Manufacturing Inc
- Bobcat Company
- Manitou Group
- Liebherr-International Deutschland GmbH
- Caterpillar Inc.
- Deere & Company
- Others
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