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The telehandler market share is expected to increase by USD 1.73 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.66%. This telehandler market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The telehandler market report also offers information on several market vendors, including AB Volvo, Caterpillar Inc., CLAAS Group, CNH Industrial NV, Dieci Srl, Doosan Corp., Haulotte Group, J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Linamar Corp., Magni Telescopic Handlers Srl, Manitou BF SA, Merlo Spa, Oshkosh Corp., Pettibone Traverse Lift LLC, SANY Group, Terex Corp., Wacker Neuson SE, and Xtreme Manufacturing among others. Furthermore, this report extensively covers telehandler market segmentation by application (construction, agriculture, industrial, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
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"The majority of the demand for telehandlers in APAC originates from the construction industry in countries such as China, Japan, Australia, and South Korea."
The increasing need for bulk material handling in agriculture and livestock farming is notably driving the telehandler market growth, although factors such as rising demand for rentals may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the telehandler industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Telehandler Market Driver
The increasing need for bulk material handling in agriculture and livestock farming is one of the key drivers supporting the telehandler market growth. For instance, the average size of a farm in the US had reached 444.79 acres (ac) in 2020 from 427.49 ac in 2010. Hence, an average cereal farm in the US handled 10,185.36 lbs. more cereal in 2020 than compared to 2010. In view of this, the need to handle livestock feed such as forage and fodder is increasing. Meanwhile, telehandlers are preferred over traditional tractor loaders and wheeled loaders in agriculture applications as they have extendable arms or booms, which enable the loading of high-sided trucks and trailers. They also have several attachments such as buckets and side shift carriages to handle cereals or stacks of hay. Hence, the demand for telehandlers for agricultural applications will increase, especially in developed countries. Such increasing demand will drive the telehandler market growth during the forecast period.
Key Telehandler Market Trend
The use of telehandlers for solid waste management and in recycling plants is one of the key telehandler market trends that is contributing to the market growth. The use of compact telehandlers in solid waste management is increasing due to their maneuverability in constrained spaces. Their ability to lift loads at considerable elevations allows them to load dumpers easily. Their extendable telescopic booms also make it possible to unload waste containers. The availability of attachments such as buckets and waste clamps improves their versatility and makes them suitable for use across the value chain of solid waste management. Moreover, some vendors have launched telehandlers that are designed for solid waste management. Thus, the rapid growth of the global solid waste management market is expected to encourage other vendors to follow the trend during the forecast period.
Key Telehandler Market Challenge
The rising demand for rentals is one of the factors hindering the telehandler market growth. The output of the construction industry declined consistently between 2008 and 2019 in developed countries, which affected the business volume and profitability of most construction companies. Therefore, several construction companies in the US and Europe have been relying on rental construction equipment. Renting construction equipment allows construction companies to reduce the size of their balance sheet and fixed costs such as finance and maintenance. Micro and small construction companies usually have a low utilization rate of construction equipment than medium and large companies. Hence, they prefer rentals. Thus, all these factors will have a negative impact on the telehandler market growth during the forecast period.
This telehandler market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global telehandler market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the telehandler market during the forecast period.
The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The global industrial machinery market is expected to grow at a moderate pace
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the telehandler market encompasses successful business strategies deployed by the key vendors. The telehandler market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The telehandler market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the telehandler market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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45% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the telehandler market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Increasing investments in infrastructure projects such as transportation and energy in countries China, India, and Japan will facilitate the telehandler market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 affected the growth of several industries in the region, including the manufacturing and construction industries. However, in 2021, vaccination drives were started, and governments lifted the lockdown and travel restrictions. Owing to this, manufacturing and construction activities are slowly getting back to normal. Such factors will increase the demand for telehandlers during the forecast period.
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The telehandler market share growth in the construction segment will be significant during the forecast period. Telehandlers are used in construction sites for a variety of activities such as unloading, carrying, and delivering materials or equipment. They can handle materials quicker than mobile cranes and tower cranes, and vendors are constantly increasing the lift capacity and height of their telehandlers. Hence, the use of telehandlers in construction sites where the height of the structure is not more than 30 feet (ft) to 80 ft is increasing. Moreover, residential and industrial construction account for a majority of 33 ft to 80 ft structures. Hence, the use of telehandlers is high in residential and industrial construction. Thus, the growth of the global residential and industrial construction market will drive the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the telehandler market size and actionable market insights on the post-COVID-19 impact on each segment.
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Telehandler Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.66% |
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Market growth 2022-2026 |
$ 1.73 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.52 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key consumer countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AB Volvo, Caterpillar Inc., CLAAS Group, CNH Industrial NV, Dieci Srl, Doosan Corp., Haulotte Group, J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Linamar Corp., Magni Telescopic Handlers Srl, Manitou BF SA, Merlo Spa, Oshkosh Corp., Pettibone Traverse Lift LLC, SANY Group, Terex Corp., Wacker Neuson SE, and Xtreme Manufacturing |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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