From fueling massive construction sites to revolutionizing farm efficiency, the telehandler industry is currently experiencing explosive global growth, with its market size already reaching nearly USD 9 billion and poised to climb over USD 13 billion by 2030.
Key Takeaways
- Global telehandler market size reached USD 8.92 billion in 2023 and is projected to grow to USD 13.45 billion by 2030 at a CAGR of 6.1%
- In 2022, the telehandler market in Europe was valued at EUR 2.8 billion, with a forecasted CAGR of 5.8% through 2028
- Asia-Pacific telehandler sales volume hit 25,430 units in 2023, up 7.2% from previous year
- North American telehandler market dominated with 32% global share in 2023, valued at USD 2.85 billion
- Europe telehandler market size was USD 3.1 billion in 2023, with Germany holding 28% regional share
- Asia-Pacific telehandler growth rate highest at 7.8% CAGR 2023-2030, market size USD 2.4 billion
- Manitou Group held 22% global telehandler market share in 2023 with sales of 12,800 units
- JLG Industries (Oshkosh) captured 18% market share, revenue USD 1.6 billion from telehandlers 2023
- JCB telehandler sales 11,200 units globally in 2023, 19% share
- Construction segment in telehandlers was 62% of market, USD 5.53 billion 2023
- Agriculture telehandlers accounted for 22% market share, 12,760 units sold 2023
- Industrial/warehouse segment 12% share, USD 1.07 billion revenue 2023
- 55% of telehandlers feature Tier 4 Final/Stage V emissions compliance in 2023
- Electric telehandler models launched increased 35% YoY in 2023, 12 new models
- Telematics adoption in telehandlers reached 48% fleet penetration 2023
The telehandler market is growing strongly worldwide, led by construction and rental demand.
Market Share and Key Players
- Manitou Group held 22% global telehandler market share in 2023 with sales of 12,800 units
- JLG Industries (Oshkosh) captured 18% market share, revenue USD 1.6 billion from telehandlers 2023
- JCB telehandler sales 11,200 units globally in 2023, 19% share
- Caterpillar Inc. telehandler market share 12%, 7,000 units sold 2023
- Merlo S.p.A. held 9.5% share in Europe, sales 4,500 units 2023
- CNH Industrial (Case) 8% global share, USD 720 million revenue 2023
- Claas Telehandlers division sold 2,100 units 2023, 3.6% share
- Dieci SpA market share 6.2% in compact segment, 3,400 units 2023
- Wacker Neuson 4.8% share, focused on NA/Europe, sales 2,800 units
- Bobcat Company (Doosan) 5.1% share in compact telehandlers, 2,950 units 2023
- Skyjack (Linxup) held 3.2% share, strong in rentals, USD 280 million
- LiuGong Machinery 4.5% in APAC, sales 2,600 units 2023 China
- Terex Corporation 7.3% share, telehandler revenue USD 650 million 2023
- Volvo CE 2.9% global share, focused on heavy-duty, 1,700 units
- Kubota Corporation 3.7% in agriculture segment, 2,150 units 2023
- New Holland (CNH) 4.2% share, strong in ag, sales 2,400 units
- Faresin Industries 2.1% share Italy-based, 1,200 units 2023
- Hidromek 1.8% emerging share in ME, sales 1,000 units
- Komatsu Ltd. 2.4% share, mining focus, 1,400 units 2023
- Massey Ferguson (AGCO) 1.9% in ag telehandlers, 1,100 units
- Top 5 players control 65% of global telehandler market in 2023
- European manufacturers hold 58% global production share in 2023
- Chinese OEMs grew share to 15% from 10% in 2020, 8,700 units 2023
- Rental companies account for 42% of telehandler purchases by volume 2023
- Construction application led with 62% share, agriculture 22%, industry 16% in 2023
- Rotator telehandlers held 28% segment share globally in 2023
Market Share and Key Players Interpretation
While Manitou may be king of the hill in the telehandler realm, its crown is shared with a pack of feisty giants, proving that in this high-stakes game of lifting and shifting, nobody gets to hoard all the chips.
Market Size and Growth
- Global telehandler market size reached USD 8.92 billion in 2023 and is projected to grow to USD 13.45 billion by 2030 at a CAGR of 6.1%
- In 2022, the telehandler market in Europe was valued at EUR 2.8 billion, with a forecasted CAGR of 5.8% through 2028
- Asia-Pacific telehandler sales volume hit 25,430 units in 2023, up 7.2% from previous year
- US telehandler market revenue grew 4.9% YoY in 2023 to USD 2.3 billion
- Construction segment accounted for 62% of global telehandler market share in 2023, valued at USD 5.53 billion
- Telehandler rental market worldwide expanded to USD 4.1 billion in 2022, CAGR 6.5% expected to 2030
- Rotator telehandler segment market size was USD 1.2 billion in 2023, growing at 7.3% CAGR
- Global telehandler production reached 58,000 units in 2023, up from 54,200 in 2022
- Aftermarket parts for telehandlers generated USD 1.8 billion revenue in 2023 globally
- Compact telehandler market valued at USD 2.4 billion in 2023, projected CAGR 6.8%
- Heavy-duty telehandler segment hit USD 3.1 billion in 2022, growing 5.4% annually
- Telehandler market in agriculture application was USD 1.95 billion in 2023, CAGR 6.2%
- Mining telehandler market size reached USD 850 million in 2023, up 8.1% YoY
- Warehouse telehandler segment valued at USD 650 million globally in 2022
- Telehandler electrification market nascent at USD 120 million in 2023, explosive CAGR 25%
- Used telehandler market transactions totaled 12,500 units worldwide in 2023
- Telehandler financing market volume was USD 2.7 billion in loans disbursed in 2022
- OEM telehandler market share in new sales was 78% in 2023, valued at USD 6.96 billion
- Global telehandler import value reached USD 4.2 billion in 2023
- Export volume of telehandlers from China was 8,200 units in 2023, up 12%
- Telehandler market penetration in construction was 15.2% of material handling equipment in 2023
- Average selling price of telehandlers globally averaged USD 85,000 per unit in 2023
- Telehandler market CAGR in developing economies averaged 7.5% from 2020-2023
- Post-pandemic recovery boosted telehandler sales by 9.8% globally in 2022
- Telehandler market in logistics segment grew to USD 1.1 billion in 2023, CAGR 5.9%
- Global telehandler service market after-sales was USD 2.9 billion in 2023
- Hybrid telehandler market size was USD 450 million in 2023, growing rapidly
- Telehandler market share of diesel models was 92% in 2023
- Annual global telehandler unit sales forecast at 72,000 by 2027
- Telehandler market revenue from attachments add-ons USD 950 million in 2023
Market Size and Growth Interpretation
The telehandler industry is vigorously constructing its future, one towering revenue figure at a time, while carefully renting, rotating, and even electrifying its way toward a $13 billion horizon, proving that in the world of heavy machinery, growth is always on the up and up.
Regional Analysis
- North American telehandler market dominated with 32% global share in 2023, valued at USD 2.85 billion
- Europe telehandler market size was USD 3.1 billion in 2023, with Germany holding 28% regional share
- Asia-Pacific telehandler growth rate highest at 7.8% CAGR 2023-2030, market size USD 2.4 billion
- US telehandler sales volume 14,500 units in 2023, 41% of North America
- China telehandler market expanded to USD 1.2 billion in 2023, CAGR 9.2%
- UK telehandler registrations totaled 4,200 units in 2023, up 6%
- India telehandler market nascent at USD 180 million in 2023, growth 12.5% YoY
- Brazil telehandler sales 2,100 units in 2023, Latin America leader
- Middle East telehandler market USD 450 million in 2023, driven by UAE at 35% share
- Australia telehandler market value USD 320 million, sales 1,800 units 2023
- France telehandler market share 22% of Europe, USD 680 million in 2023
- Canada telehandler imports USD 250 million in 2023, growth 5.1%
- Russia telehandler market USD 210 million pre-sanctions, declined 15% in 2023
- South Korea telehandler sales 950 units in 2023, CAGR 8.4%
- Mexico telehandler market USD 140 million, up 7.3% in 2023
- Italy telehandler production 5,200 units in 2023, 18% Europe total
- Japan telehandler market small at USD 95 million, growth 4.2%
- South Africa telehandler sales 780 units in 2023, Africa leader
- Spain telehandler registrations 1,650 units 2023, up 4.8%
- Turkey telehandler market USD 110 million, CAGR 6.7%
- Argentina telehandler volume 450 units 2023, down 2% due economy
- Netherlands telehandler market USD 190 million, high density usage
- Saudi Arabia telehandler imports 1,200 units 2023, Vision 2030 boost
- Poland telehandler sales 1,100 units 2023, Eastern Europe top
- Indonesia telehandler market USD 85 million, growth 11%
Regional Analysis Interpretation
While North America flexes its established market muscle, the real global drama is in the Pacific, where China's explosive growth and India's promising nascency are quietly staging a telehandler takeover, one booming construction site at a time.
Segment Analysis
- Construction segment in telehandlers was 62% of market, USD 5.53 billion 2023
- Agriculture telehandlers accounted for 22% market share, 12,760 units sold 2023
- Industrial/warehouse segment 12% share, USD 1.07 billion revenue 2023
- Mining & quarrying application 4% share, growing to 6% by 2030, 2,320 units 2023
- Telescopic boom telehandlers 72% of type segment, 41,760 units 2023
- Rotating telehandlers 28% type share, preferred in Europe 45%
- Compact telehandlers (<6m lift) 35% segment, 20,300 units 2023
- Standard duty (6-12m) 48% share, largest volume 27,840 units
- Heavy duty (>12m) 17% share, USD 1.52 billion 2023
- Diesel powered 92% powertrain segment, 53,360 units 2023
- Electric telehandlers 3% share but fastest growing at 22% CAGR
- Rental vs owned: Rentals 55% of utilization hours globally 2023
- Fork attachments used in 68% of telehandler operations 2023 survey
- Bucket attachments 22% usage, pallet forks 10% in construction
- Max lift capacity <5 tons 65% segment, 37,700 units 2023
- 5-10 tons capacity 28%, heavy lift 7% in mining
- New equipment sales 82% of segment, used/rebuilt 18% 2023
- Aftermarket attachments market 25% of total segment revenue
- Forestry application niche 2.5% share, specialized rotator types
- Infrastructure projects drove 41% of construction segment demand 2023
- Residential construction 19%, commercial 22% within construction segment
- Orchard/ vineyard ag sub-segment 8% of ag total, compact models
- Livestock handling 14% of ag telehandler use 2023
Segment Analysis Interpretation
While construction flexes its muscles as the dominant market force, agriculture quietly tends its fields with efficient precision, industrial sectors stack their gains, mining digs in for growth, and the entire industry—still largely diesel-powered and rental-reliant—watches electric models and specialized attachments slowly but surely change the game from the ground up.
Trends, Innovations, and Forecasts
- 55% of telehandlers feature Tier 4 Final/Stage V emissions compliance in 2023
- Electric telehandler models launched increased 35% YoY in 2023, 12 new models
- Telematics adoption in telehandlers reached 48% fleet penetration 2023
- Autonomous telehandler prototypes tested by 5 OEMs in 2023 pilots
- Global telehandler market forecast CAGR 6.5% to reach USD 14.2 billion by 2032
- Hydrogen fuel cell telehandlers in R&D, 2 pilots in Europe 2023
- Safety features like 360° cameras standard in 62% new models 2023
- AI load sensing integrated in 25% premium telehandlers 2023
- Rental fleet electrification target 20% by 2030 announced by United Rentals
- Telehandler uptime improved 18% with predictive maintenance IoT 2023 data
- Market forecast APAC to grow at 8.2% CAGR surpassing Europe by 2028
- Boom extension sensors reduced overturns by 40% in 2023 studies
- Used telehandler market to grow 7.1% CAGR due sustainability push
- 75% of new telehandlers GPS tracked for fleet mgmt by 2025 forecast
- Lightweight composite booms in 15% models cutting weight 12% 2023
- OSHA reported telehandler accidents down 22% with stability enhancements 2023
- Global forecast unit sales 85,000 by 2030, driven by urbanization
- Multi-function attachments versatility up 30% model options 2023
- EU Stage V emissions forced 45% fleet upgrades in 2023
- VR training simulators adopted by 35% large rental firms 2023
Trends, Innovations, and Forecasts Interpretation
The telehandler industry is frantically sprinting toward a cleaner, smarter, and oddly clairvoyant future, where the machines are not only increasingly electric and autonomous but also nagging you about maintenance before they break and politely refusing to tip over with the help of AI.
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