Telehandler Market Size To Surpass USD 11.3 Billion By 2033 Exhibiting CAGR Of 4.77%

The telehandler market is experiencing rapid growth, driven by infrastructure and construction boom, advancements in agricultural mechanization, and government schemes and export successes. According to IMARC Group's latest research publication, “Telehandler Market Report by Product (Compact Telehandler, Large Telehandler), Type (Rotating, Non-rotating), Ownership (Rental, Personal), Height (Less Than 50 ft, 50 ft & Above), Capacity (Below 3 Tons, 3-10 Tons, Above 10 Tons), Application (Construction, Agriculture, Forestry, Mines and Quarries, and Others), and Region 2025-2033”, the global telehandler market size reached USD 7.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.77% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

Unlock Exclusive Insights: Receive Your Free“Telehandler Market” Sample PDF

Our report includes:

• Market Dynamics
• Market Trends And Market Outlook
• Competitive Analysis
• Industry Segmentation
• Strategic Recommendations

Growth Factors in the Telehandler Market

• Infrastructure and Construction Boom

One of the biggest growth drivers for the global telehandler industry is the massive surge in construction and infrastructure development worldwide. As cities keep expanding and governments invest in highways, smart cities, and energy projects, telehandlers are seeing a spike in demand for their versatility on job sites. For example, Asia-Pacific led the global market with a 46.2% share and a value of $3.5 billion, driven by large-scale projects in China and India. These machines' ability to handle heavy lifting, work in tight or uneven spaces, and boost crew productivity has made them indispensable for construction companies. Government-backed initiatives, like India's $3.41 billion investment in smart industrial cities under the National Industrial Corridor Development Programme, are amplifying this demand. In the U.S., programs like the Infrastructure Investment and Jobs Act are also fueling construction activity and creating opportunities for advanced equipment providers.

• Advancements in Agricultural Mechanization

The agricultural sector is increasingly modernizing, and telehandlers are at the forefront of this transition due to their multi-functionality. In global farming, about 47% of Indian farms are mechanized, compared to 60% in China and 75% in Brazil, showing plenty of room for growth. Telehandlers help with tasks like loading, stacking, and moving materials quickly-even on rough terrain-which improves efficiency. Data show mechanized equipment like telehandlers can boost labor efficiency by up to 40%, and slash labor costs by roughly 30%. Their popularity is growing in countries pushing for precision farming and higher productivity, with government incentives and farm modernization programs contributing to an uptick in telehandler adoption across both large-scale and mid-sized farms.

• Government Schemes and Export Successes

Strategic government policies and international trade are also accelerating telehandler market growth. In India, initiatives such as Pradhan Mantri Awas Yojana and the Smart Cities Mission are making equipment like telehandlers essential for building roads and housing, with capital outlays reaching $134 billion for infrastructure in 2024 alone. On the international front, companies like SANY India hit a milestone by exporting over 1,000 telehandlers to the U.S., showcasing India's rise as a global manufacturing hub. These developments not only reinforce domestic market expansion but also highlight the impact of“Make in India” and similar export-focused movements, driving sustained industry growth through increased production capacity and broader market access.

Key Trends in the Telehandler Market

• Move Toward Compact and Electric Models

A clear trend in the telehandler market is the growing demand for compact and electric-powered machines. Manufacturers are responding to tighter urban construction sites and environmental regulations by offering models that are smaller, more maneuverable, and emission-friendly. Companies like JLG and AUSA partnered for a new ultra-compact telehandler, catering to job sites where space is a premium and where sustainability matters. Electric and hybrid telehandlers are gaining traction as cities set tougher emission standards and businesses aim for greener fleets. These machines lower operating costs through energy savings, improving both eco-footprints and profitability for equipment owners.

• Integration of Smart Technology and Telematics

Another major trend is the rapid integration of digital technology into telehandlers. Advanced models now feature telematics, automation, and remote monitoring, enabling real-time fleet management and predictive maintenance. For instance, adding systems like JLG's SkySense enhances operator safety and streamlines equipment performance. These innovations reduce downtime by up to 25% and help contractors better utilize their fleets, maximizing productivity across multiple sites. As Internet of Things (IoT) connectivity becomes more common, telehandlers are evolving into smart, connected assets that provide valuable insights into usage patterns and operational efficiency.

• Rise of Rental and Customized Solutions

More businesses are turning to rental programs to access newer telehandler models without the high upfront costs, especially as construction budgets tighten and project lengths fluctuate. This trend is particularly strong among small and medium enterprises and has made the rental segment an important avenue for market growth. Equipment leasing expands access to state-of-the-art, technologically advanced telehandlers on a flexible basis, lowering the barrier to entry for companies of all sizes. Manufacturers are also focusing on developing tailored solutions for various regions and applications, offering options that match local regulations, usage patterns, and customer demands. This customized approach supports higher utilization rates and deepens client relationships, setting a foundation for recurring revenue streams.

Leading Companies Operating in the Global Telehandler Industry :

• AB Volvo
• Caterpillar Inc.
• Doosan Infracore Co. Ltd.
• Haulotte Group (Solem SA)
• J.C. Bamford Excavators Limited
• JLG Industries Inc. (Oshkosh Corporation)
• Komatsu Limited
• Liebherr Maschinen Bulle AG
• Manitou Group
• Merlo S.p.A. Industria Metalmeccanica
• Skyjack Inc. (Linamar Corporation)
• Terex Corporation
• Wacker Neuson SE

Telehandler Market Report Segmentation:

By Product:

• Compact Telehandler
• Large Telehandler

Compact telehandler represents the largest market segment due to its ease of use in industrial and agricultural applications, making it ideal for tight spaces and construction projects where maneuverability is essential.

By Type:

• Rotating
• Non-rotating

The report provides a detailed analysis of the market based on these two types of telehandlers.

By Ownership:

• Rental
• Personal

The report details the market segmentation based on ownership, distinguishing between rental and personal telehandlers.

By Height:

• Less Than 50 ft
• 50 ft & Above

The report analyzes the market based on height categories, offering insights into both segments.

By Capacity:

• Below 3 Tons
• 3-10 Tons
• Above 10 Tons

The report details market segmentation based on capacity, covering all three categories.

By Application:

• Construction
• Agriculture
• Forestry
• Mines and Quarries
• Others

Construction leading the market segment, driven by increased investments in building projects globally, with telehandlers essential for moving heavy materials efficiently on construction sites.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific accounts for the largest market share, as detailed in the comprehensive analysis of regional markets including North America, Europe, Latin America, and the Middle East and Africa.

Research Methodology:

The report employs a comprehensive research methodology , combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability .

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email:

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302

MENAFN30072025004122016232ID1109860546