Telehandlers Industry Statistics

In this post, we delve into key statistics shaping the global telehandler industry. From market sizes and growth rates to regional shares and application segments, these statistics provide valuable insights into the current landscape and future projections of the telehandler market.

Statistic 1

"The global telehandler market size was valued at USD 5.6 billion in 2019."

Statistic 2

"The telehandler market is predicted to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027."

Statistic 3

"Europe held the largest market share of 35.3% in 2019."

Statistic 4

"Rotating telehandlers are expected to expand at the fastest CAGR of 5% from 2020 to 2027."

Statistic 5

"The construction application segment held the largest share of 35.9% in 2019."

Statistic 6

"The global telehandler market for construction is expected to reach USD 6.9 billion by 2027."

Statistic 7

"Demand for telehandlers from rental service providers will grow with the CAGR of 5.1% from 2020 to 2027."

Statistic 8

"The Asia Pacific is expected to exhibit the highest CAGR of 6% between 2022 and 2027."

Statistic 9

"Most telehandler-related fatalities occur within the construction sector, making up around 89% of all deaths."

Statistic 10

"Manitou leads the global market share for telehandler manufacture."

Statistic 11

"Usage of telehandlers in agriculture sector is expected to grow by 5.3% CAGR from 2020 to 2027."

Statistic 12

"The US held the largest share in the North America telehandler market in 2019."

Statistic 13

"Mexico's telehandler market is expected to grow at a CAGR of 5.3% from 2020 to 2027."

Statistic 14

"The North America telehandler market was valued at USD 1,115.75 Million in 2019."

Statistic 15

"Hybrid power type telehandlers are projected to expand at the highest CAGR of 5.6% during the forecast period."

Statistic 16

"The Middle East & Africa telehandler market is predicted to reach USD 554.9 million by 2027."

Statistic 17

"Telehandlers with lift capacity between 3 and 4 tonnes enjoyed the largest segment share (over 35%) in 2019."

Statistic 18

"The industrial segment is expected to grow at CAGR of 3.6% during the forecast period."

Statistic 19

"The telehandler market is expected to reach a volume of 148,262 Units by 2027."

Statistic 20

"The demand for electric telehandlers is expected to grow at a CAGR of 4.8% during the forecast period."

In conclusion, the global telehandler market shows promising growth opportunities, with key trends including an increasing demand for rotating telehandlers, particularly in the construction sector. The market is expected to witness substantial growth in the Asia Pacific region and the agriculture sector. Factors such as the rising demand for rental services, hybrid power type telehandlers, and telehandlers with specific lift capacity ranges are shaping the market landscape. Furthermore, advancements in electric telehandlers present a significant growth potential for the industry. Manufacturers and stakeholders should focus on innovation, product development, and safety measures to capitalize on the expanding telehandler market, while addressing the challenges associated with sector-specific fatalities.