GITNUX MARKETDATA REPORT 2024

Telehandlers Industry Statistics

The telehandlers industry is expected to experience steady growth in the coming years due to increasing demand for construction equipment.

Highlights: Telehandlers Industry Statistics

  • The global telehandler market size was valued at USD 5.6 billion in 2019.
  • The telehandler market is predicted to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027.
  • Europe held the largest market share of 35.3% in 2019.
  • Rotating telehandlers are expected to expand at the fastest CAGR of 5% from 2020 to 2027.
  • The construction application segment held the largest share of 35.9% in 2019.
  • The global telehandler market for construction is expected to reach USD 6.9 billion by 2027.
  • Demand for telehandlers from rental service providers will grow with the CAGR of 5.1% from 2020 to 2027.
  • The Asia Pacific is expected to exhibit the highest CAGR of 6% between 2022 and 2027.
  • Most telehandler-related fatalities occur within the construction sector, making up around 89% of all deaths.
  • Manitou leads the global market share for telehandler manufacture.
  • Usage of telehandlers in agriculture sector is expected to grow by 5.3% CAGR from 2020 to 2027.
  • The US held the largest share in the North America telehandler market in 2019.
  • Mexico's telehandler market is expected to grow at a CAGR of 5.3% from 2020 to 2027.
  • The North America telehandler market was valued at USD 1,115.75 Million in 2019.
  • Hybrid power type telehandlers are projected to expand at the highest CAGR of 5.6% during the forecast period.
  • The Middle East & Africa telehandler market is predicted to reach USD 554.9 million by 2027.
  • Telehandlers with lift capacity between 3 and 4 tonnes enjoyed the largest segment share (over 35%) in 2019.
  • The industrial segment is expected to grow at CAGR of 3.6% during the forecast period.
  • The telehandler market is expected to reach a volume of 148,262 Units by 2027.
  • The demand for electric telehandlers is expected to grow at a CAGR of 4.8% during the forecast period.

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The Latest Telehandlers Industry Statistics Explained

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

The statistic indicates that the total market value of telehandlers worldwide was estimated to be USD 5.6 billion in the year 2019. A telehandler is a type of lifting equipment commonly used in the construction and agricultural industries. This market value figure reflects the total revenue generated by the sales of telehandlers across various regions globally. The value is significant in assessing the scale and economic impact of the telehandler industry on a global scale, highlighting its importance and growth potential in the market.

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

The statement indicates that the telehandler market is expected to experience a steady expansion over the period from 2020 to 2027, with an estimated Compound Annual Growth Rate (CAGR) of 4.3%. This means that on average, the market size for telehandlers is projected to increase by 4.3% annually during this period. This metric provides a useful way to understand the overall growth trajectory of the telehandler market, allowing stakeholders to anticipate future trends, make strategic decisions, and assess potential investment opportunities in this sector based on the projected growth rate.

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

This statistic means that in 2019, Europe dominated the market in terms of sales or revenue, holding a market share of 35.3%, which was the largest among all regions. This indicates that a significant portion of the total market activities and transactions took place in Europe compared to other regions. The high market share suggests that Europe was a key player in the industry at that time and had a substantial influence on overall market trends and performance. The statistic underscores the importance of the European market in the industry landscape during the specified period.

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

This statistic indicates that the market for rotating telehandlers is projected to experience significant growth from 2020 to 2027, with a Compound Annual Growth Rate (CAGR) of 5%. A rotating telehandler is a type of heavy machinery often used in construction and material handling tasks, known for its ability to rotate its extendable arm in multiple directions. The expected rapid growth in this market suggests increasing demand for rotating telehandlers over the forecast period, likely driven by factors such as infrastructure development, construction projects, and industrial activities. This expansion at a CAGR of 5% signifies a strong upward trend in the adoption and utilization of rotating telehandlers, highlighting opportunities for manufacturers, suppliers, and other industry stakeholders to capitalize on this growing market segment.

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

The statistic indicates that in 2019, the construction application segment accounted for the largest proportion of market activity, with a share of 35.9%. This suggests that within the industry being analyzed, such as the overall construction sector or a specific market segment related to construction, the applications associated with the construction industry held the highest market presence compared to other segments. This information can provide insights into the relative importance and popularity of construction-related applications, highlighting their significant role and dominance within the market during the specified year.

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

This statistic indicates that the global telehandler market for construction is projected to grow significantly and reach a total value of USD 6.9 billion by the year 2027. This forecast suggests a positive outlook for the telehandler industry, driven by factors such as increasing construction activities worldwide, demand for efficient material handling equipment, and technological advancements in telehandler equipment. The expected growth in the market implies potential opportunities for businesses operating in the telehandler sector, as well as for investors looking to capitalize on the expanding construction industry.

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

The statistic “Demand for telehandlers from rental service providers will grow with the compound annual growth rate (CAGR) of 5.1% from 2020 to 2027” indicates the projected annualized rate at which the rental service providers’ need for telehandlers is expected to increase over the specified period. A CAGR of 5.1% suggests a steady pace of growth in demand for telehandlers for construction, agriculture, and industrial applications rented from service providers. This statistic reflects a positive outlook for the telehandler rental market, pointing towards potential opportunities for suppliers and manufacturers in the industry as they cater to the increasing demands of rental service providers for this type of equipment.

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

The statement indicates that the Asia Pacific region is projected to experience the highest Compound Annual Growth Rate (CAGR) of 6% over the period of 2022 to 2027 compared to other regions. This suggests that the economy in the Asia Pacific region is anticipated to grow at a faster pace than in other regions during the specified time frame. Factors contributing to this growth could include increasing investments, rapid industrialization, advancements in technology, a rising population, and expanding infrastructure, which are likely to drive economic activities and overall growth in the region. This statistic highlights the potential for significant economic opportunities and development in the Asia Pacific region over the next few years.

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

This statistic indicates that the majority of fatal incidents involving telehandlers occur within the construction sector, accounting for approximately 89% of all deaths related to telehandlers. This highlights the heightened risk and vulnerability of workers within the construction industry when operating telehandlers compared to other sectors. The data suggests that there may be specific occupational hazards and challenges within construction sites that contribute to the higher prevalence of fatalities involving telehandlers, emphasizing the importance of implementing robust safety protocols, stringent training programs, and effective risk management strategies to mitigate these risks and protect workers in the construction sector from such tragic outcomes.

Manitou leads the global market share for telehandler manufacture.

The statistic “Manitou leads the global market share for telehandler manufacture” indicates that Manitou, a company specializing in the production of telehandlers, holds the largest market share globally compared to its competitors in the industry. This means that Manitou produces and sells more telehandlers than any other company worldwide. This statistic highlights Manitou’s strong position in the market and suggests that they are likely a dominant player in the telehandler manufacturing industry, occupying a significant portion of the market demand for these products.

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

This statistic indicates that the usage of telehandlers in the agriculture sector is projected to increase at a Compound Annual Growth Rate (CAGR) of 5.3% from 2020 to 2027. This implies that the demand for telehandlers, which are versatile machines used for lifting and transporting materials in agricultural settings, is expected to experience steady growth over the specified time period. The CAGR of 5.3% serves as a measure of the average annual growth rate of telehandler usage in agriculture, highlighting a positive trend in the adoption of this equipment within the industry. This statistic suggests that farmers and agricultural businesses are recognizing the benefits and efficiency gains offered by telehandlers, leading to an anticipated expansion in their utilization for various agricultural tasks.

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

The statistic “The US held the largest share in the North America telehandler market in 2019” indicates that among all the countries in North America, the United States had the highest portion of telehandler sales or market presence in the year 2019. This means that the telehandler industry in the US was the most dominant compared to other countries in North America during that specific period. Factors such as demand for construction equipment, economic conditions, and industry competitiveness likely contributed to the US leading the market in terms of telehandler sales and market share in 2019.

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

The statement indicates that the market for telehandlers in Mexico, a type of lifting equipment used in construction and agriculture, is forecasted to experience a Compound Annual Growth Rate (CAGR) of 5.3% from the year 2020 to 2027. This growth rate suggests a steady increase in the demand and sales of telehandlers in Mexico over the specified time period. The CAGR takes into account the year-on-year growth rate and provides a smooth average annual growth rate over the entire period. Therefore, the statistic implies that the telehandler market in Mexico is expected to expand at a moderate but consistent pace throughout the seven-year period.

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

This statistic represents the total market value of telehandlers in North America in the year 2019, which amounted to USD 1,115.75 million. A telehandler is a type of construction equipment used for lifting and carrying heavy loads, with a telescopic boom that can be extended and maneuvered. The market value indicates the total revenue generated by sales of telehandlers in North America during that year, providing insight into the size and economic significance of the telehandler industry in the region. This figure serves as a key indicator of the overall demand for telehandlers in the construction and industrial sectors within North America during the specified period.

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

This statistic suggests that the market for hybrid power type telehandlers is expected to experience significant growth in the future, with a projected compound annual growth rate (CAGR) of 5.6% during the forecast period. This indicates that there is increasing demand and interest in hybrid power technology in the telehandler industry, which combines both conventional fuel-powered and electric-powered capabilities. The high CAGR suggests that hybrid power type telehandlers are likely to gain traction in the market due to their potential for improved efficiency, reduced environmental impact, and cost savings over time. The forecasted expansion highlights a growing trend towards sustainable and innovative solutions in the construction and material handling sectors.

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

This statistic indicates the projected market value for telehandlers in the Middle East & Africa region by the year 2027, which is estimated to reach USD 554.9 million. A telehandler is a versatile lifting machine used in various industries such as construction, agriculture, and mining to lift and move heavy loads. The predicted growth in the telehandler market reflects potential increases in construction and infrastructure projects in the Middle East & Africa region, contributing to the demand for such equipment. This forecast suggests a positive outlook for the telehandler industry in the specified region, with opportunities for manufacturers, suppliers, and other stakeholders to capitalize on the growing market.

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

The statistic indicates that within the market for telehandlers in 2019, those with a lift capacity ranging between 3 and 4 tonnes held the highest proportion of market share at over 35%. This suggests that these particular telehandlers were the most popular or in-demand among customers during that year. The data also implies that there was a competitive advantage for telehandler manufacturers producing models within this lift capacity range, as they were able to capture a significant portion of the market share compared to telehandlers with different lift capacities. This statistic can serve as valuable insight for companies in the telehandler industry looking to tailor their product offerings to better meet customer needs and preferences.

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

This statistic indicates that the industrial segment, which includes industries such as manufacturing, construction, and resource extraction, is projected to experience a Compound Annual Growth Rate (CAGR) of 3.6% over a specific forecast period. This growth rate reflects the annualized rate at which the industrial segment is expected to expand during the stated timeframe. A CAGR of 3.6% suggests a moderate but consistent growth trajectory for the industrial sector, with potential implications for increased production, investment, and economic activity within this segment. The forecasted growth rate provides valuable insights for stakeholders, allowing them to anticipate and plan for future developments and opportunities within the industrial industry.

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

The statistic indicates that the telehandler market is forecasted to grow and expand significantly by the year 2027, with an expected volume of 148,262 units. This projection suggests a positive trend in the demand for telehandlers, which are versatile construction machines used for lifting and moving materials. Factors contributing to this anticipated growth could include an increase in construction projects, infrastructure development, and industrial activities globally. Such a rise in market volume may also indicate technological advancements in telehandler equipment, improved efficiency, and a growing preference for these machines in various industries. Overall, the statistic suggests a promising outlook for the telehandler market in the coming years.

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

This statistic indicates that the demand for electric telehandlers, a type of machinery used for lifting and transporting heavy materials, is projected to increase steadily over a specified period of time. The Compound Annual Growth Rate (CAGR) of 4.8% predicts the average annual growth rate for the electric telehandler market during the forecast period. This suggests that there is a growing interest and need for electric telehandlers in various industries, potentially driven by factors such as increasing construction activities, emphasis on sustainable practices, and technological advancements in electric machinery. Overall, the forecasted CAGR of 4.8% indicates a positive outlook for the electric telehandler market with anticipated growth in demand in the coming years.

Conclusion

Telehandlers continue to be a key player in the construction and agriculture industries, with steady growth in sales and demand. As the industry evolves with technological advancements and increasing safety standards, it is important for businesses to stay informed of the latest statistics and trends to remain competitive in the market.

References

0. – https://www.www.marketsandmarkets.com

1. – https://www.www.safetyandhealthmagazine.com

2. – https://www.www.globenewswire.com

3. – https://www.www.bccresearch.com

4. – https://www.www.reportsanddata.com

5. – https://www.www.grandviewresearch.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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