Telehandler Market Size - By Product, By Type, By Lifting Capacity, and By Application, Growth Forecast 2025 – 2034

Telehandler Market Size

The global telehandler market was valued at USD 7.1 billion in 2024 and is estimated to register a CAGR of 5.8% between 2025 and 2034. The expansion of the market has been driven by the rise in spending by the government in infrastructure such as highways, airports, public transportation, and smart cities needed for economic development.
 

For instance, in August 2024, the CCEFA of India sanctioned 12 new smart industrial cities and associated infrastructure projects with the aim of augmenting India’s manufacturing intensity. The smart city schemes, under the National Industrial Corridor Development Programme (NICDP), will entail an investment of USD 3.41 billion. Three railway projects spanning four states are also part of the effort to enhance logistics, and a new hydro-power project will enhance power infrastructure in the Northeast
 

The development projects undertaken by the government often involve components that need funding from the state which results in advanced construction technology incorporation. This in turn, creates opportunities for telehandler producers as these projects tend to be state funded. Moreover, the increasing mechanization in the agriculture sector all over the world is helping to boost the market. As per the 2022 IBEF report, 47% of Indian farming is mechanized compared to China at 60% and Brazil at 75%.
 

Telehandlers are being used more and more by farmers for activities like material handling, loading, unloading, and stacking. These telehandlers come with attachments that will enable them to efficiently lift hay, grain, or other farming materials thus enhancing productivity. Telehandlers are sprightly vehicles that can drive over rough agricultural terrain unlike tractors or tractors with cages, and can extend to greater heights and pull heavier weights. This makes telehandlers highly productive in farming activities. They also possess great maneuverability in constricted areas and are able to work in all types of weather conditions.
 

Telehandler Market Trends

• The increasing stringent emission standards and green initiatives are propelling the use of electric and hybrid telehandlers. Electric telehandlers provide lower operating expenses, less noise pollution, and environmental compliance, which makes them suitable for indoor use, urban construction sites, and industries focusing on green practices.
   
• Across the globe, governments are restricting carbon emissions on heavy machineries and necessitating manufacturers to develop green alternatives. For instance, telehandler producer JLG Industries, Inc., in September 2024, launched the E313, an electric all-terrain and off-road telehandler. The zero-emission battery-powered E313 is noise-free and eco-friendly, making it perfect for indoor construction, urban areas, and municipal applications. This compact electric telehandler provides rugged operation for applications such as loading and offloading trucks, material movement, and overhead reaching in single-story structures.
   
• Manufacturers of telehandlers are adding advanced technology such as GPS, telematics, and semi-autonomous functions into the equipment, making it more sophisticated. Such technologies enhance safety, productivity, and fleet maintenance. Telehandlers with IoT capabilities enable real-time performance monitoring, predictive maintenance alerts, and remote viewing, minimizing downtime and optimizing operations.
   
• The continuous rise in telehandler prices has compelled construction and agricultural firms to choose rentals over purchases. Renting enables access to more recent models without incurring excessive costs. Rental companies are scaling their fleets to meet the demands of emerging markets with a considerable number of small contractors and seasonal farming activities.
   
• Telehandlers are expensive, thereby out of small companies and contractors budget, especially for developing countries that have constrained resources. Servicing and spares contribute to the cost of owning them and hold back market penetration. Cost increases with high fuel consumption in typical models, whereas labor to find trained operators and retraining increases expense. To rental companies, frequent usage and wear and tear from different clients raise service expense, cutting profit.
   

Telehandler Market Analysis

Based on product, the market is divided into large telehandler and compact telehandler. In 2024, the large telehandler segment held a market share of over 60% and is expected to cross USD 7 billion by 2034.
 

• Large telehandlers, with their increased lifting capacity and longer reach, are in strong demand for mega construction projects, road development, and industrial uses. These machines find everyday use in lifting heavy materials like steel beams, concrete blocks, and heavy construction materials, and is highly required in industries including mining, port operations, and heavy warehouses.
   
• Telehandler manufacturers are launching large new telehandlers with increased lifting capability. For instance, JCB launched TM280S new telehandler during the LAMMA show in January 2025. Described to fit the space between the TM220 and TM320S, TM280 and TM280S models are available with increased lifting capability, a new design, and improved power.
   
• The expansion of the compact telehandlers is expected to be high during the prediction period because of the increasing interest regarding urban surroundings. Where there are space limitations, maneuverability becomes more important. Their compact design enables them to function proficiently in restricted areas such as construction sites within cities, indoor activities, and residential projects. This makes them a preferred option among contractors in highly populated regions.
   

Based on application, the telehandler market is categorized into rental, construction & mining, agriculture, industrial and others. The construction & mining segment held a market share of around 43% in 2024.
 

• The increasing number of construction projects, such as highways, bridges, commercial structures, and residential complexes, is fueling the demand for telehandlers in construction. Their capacity to handle heavy loads, reach higher levels, and work on uneven terrain makes them indispensable for contemporary construction activities.
   
• Telehandlers are becoming increasingly popular as the perfect material-handling option for mining operations since they are capable of moving heavy loads, supporting maintenance activities, and navigating to hard-to-reach terrain.
   
• Companies in the market designing telehandlers specifically for the mining industry. For example, in November 2024, Manitou launched a whole new telehandler designed specifically for the mining sector to the North American market: the MHT 790 Mining Telehandler. This 19,842-pound max lift and 22 feet, four-inch max lifting height telehandler is designed to operate in a support capacity in every aspect of mining operations.
   

Based on type, the telehandler market is segmented into engine-powered and electric. The engine powered segment was worth over USD 5 billion in 2024.
 

• Engine-powered telehandlers are preferred in mining, construction, and large-scale agriculture sectors since they can load heavy weights and operate for a long time. They possess diesel engines that provide them with strong torque and efficiency, and they do not need to be recharged since they can operate under tough conditions.
   
• These telehandlers come widely in different models that are appropriate for different industries. They function optimally on uneven grounds such as dirty construction sites and off-road land. Robust fuel supply and maintenance infrastructure also increase their demand significantly, particularly in regions with weak electrical charging infrastructure.
   
• Electric telehandlers are anticipated to develop at a high growth rate in the forecast period because of lower operating costs as compared to diesel telehandlers. They have fewer components and, therefore, need less maintenance and have lesser fuel costs. The improvement in battery technology in terms of speedier charging and increased battery lifespan is enhancing their efficiency and attractiveness.
   

Based on lifting capacity, the telehandler market is segmented into below 3 tons, 3-10 tons and above 10 tons. The 3-10 tons segment is expected to grow at a CAGR of over 6% through 2034.
 

• 3-10 ton capacity telehandlers are commonly used in construction, warehousing, and material handling applications. They remain on contractor wish lists for their ability to balance strength with agility. Growth in logistics centers, production plants, and urban projects is driving demand for them.
   
• Farmers and agricultural businesses employ these telehandlers for the transportation of feed bags, piling hay, and hauling grain. Warehouses and distribution centers utilize them for inventory management and material handling. The fact that they can be utilized with various attachments provides them with versatility, hence their applicability in different industries outside construction.
   

Asia Pacific dominated the global telehandler market with a major share of around 45% in 2024 and the China leads the market in the region.
 

• Governments in the Asia Pacific are spending big on massive infrastructure developments, such as roads, bridges, office buildings, and industrial parks. Increased demand for high-performance material handling equipment is stimulating demand for telehandlers in building construction and property development.
   
• Chinese government policies, such as infrastructure development projects and the Belt and Road Initiative, are fueling demand for heavy-duty material handling equipment, such as telehandlers. The trend toward industrial automation in manufacturing and logistics is also fueling their adoption.
   
• China is increasingly adopting automation and intelligent construction technologies. Telehandlers with sophisticated telematics and automation are becoming popular as they enhance efficiency and minimize labor costs in construction and industrial uses.
   
• Chinese manufacturers of telehandlers have started developing new models of electric telehandlers. In 2024 during Bauma China, which took place in Shanghai between the 26th and 29th of November, LGMG demonstrated their latest telehandlers. The most significant development was the presentation of LGMG's debut electric model, the H625E. This unveiling signals LGMG’s commitment to the company-wide electrification strategy.
   

The telehandler market Germany is expected to experience significant and promising growth from 2025 to 2034.
 

• Germany's stringent environmental policies and carbon-cutting ambitions are promoting the take-up of electric telehandlers. Large manufacturers are creating energy-saving models with superior battery technologies to deliver on sustainability ambitions.
   
• As Germany is among the largest industrial centers in Europe, the demand for material handling equipment in warehouse, factory, and logistics is high. Telehandlers are being used on a greater scale in factory automation and supply chain management to improve operational efficiency.
   

The telehandler market in U.S. is anticipated to witness lucrative growth between 2025 to 2034.
 

• Government investment programs, including the U.S. Infrastructure Investment and Jobs Act, are fueling tremendous construction activity growth. This is creating demand for telehandlers in mega-building and construction projects, highway construction, and building construction.
   
• Also, the U.S. telehandler rental market is growing as a result of high equipment costs and demand for short-term rentals by construction companies, agricultural businesses, and manufacturing operators. Rental firms are investing in increasing their telehandler fleets in response to increasing demand.
   

The telehandler market in Brazil is anticipated to witness lucrative growth between 2025 to 2034.
 

• Large-scale agribusiness in Brazil is driving demand for telehandlers, especially in crop production, animal husbandry, and rural road construction. Farmers are using telehandlers to manage livestock, fertilizers, and harvested goods more efficiently. As one of the world's top agricultural economies, Brazil benefits from telehandlers for transporting various goods. In 2023, agriculture, forestry, and fishing contributed 6.24% to Brazil's GDP, a 0.5% point increase from 2022, according to Statista.
   
• Additionally, Brazil’s increasing activities in renewable energy, such as construction of wind and solar farms, require heavy lift and material handling equipment. These services have increased the telehandler’s market share because they are used for equipment movement during installation, panel mounting, and servicing.
   

Telehandler Market Share

• The top 5 companies operating in the telehandler industry include JCB, JLG Industries, Caterpillar, Liebherr and Bobcat. They collectively hold a market share of over 30% in the market.
   
• To meet the heightened need for sustainable construction equipment, JCB is venturing into electrification technology. The firm has also launched the JCB 525-60E fully electric telehandler for city construction, warehouses, and other sites with stringent environmental regulations.
   
• JLG is working on incorporating IoT, telematics, and automation features to increase productivity for its telehandlers. With the ClearSky Smart Fleet, JLG’s telehandlers come equipped with remote monitoring, real-time diagnostic capabilities, predictive maintenance, and usage analytics which improve fleet management by rental houses and contractors.
   
• In response to the high demand for telehandlers, Caterpillar is expanding the availability of their telehandlers through more rental outlets and dealerships. The firm has partnered with rental companies and construction firms so that customers can enjoy cost-effective leasing options.
   
• To increase demand in the mining and industrial construction logistics, Liebherr is developing high capacity telehandlers. Their newest units feature advanced load management systems as well as new height and weight restrictions that allow for more heavy-duty work.
   
• Bobcat is developing more compact telehandlers with better handling and adjustable add-ons. These are specialty machines for agriculture, landscaping, and urban development where the working area is limited.
   

Telehandler Market Companies

Major players operating in the telehandler industry include:

• Bobcat
• Caterpillar
• JCB
• JLG Industries
• Liebherr
• Manitou
• Merlo
• Sany
• Skyjack
• Terex
   

The market for telehandlers is becoming very competitive due to the activity of new automotive manufacturers, tier 1 suppliers and other budding startups which are fostering innovation and growth within the industry. Existing market players have a significant advantage due to their already established powertrain engineering capabilities, production volume capacity, and sophisticated vehicle system makeup. Companies are also working towards the development of more energy efficient traction motors with greater power capabilities for electric vehicles in response to competition from both new entrants and established firms.
 

The drive to sustainability and emissions reduction is fostering the growth of electric and hybrid telehandlers with governments around the globe enforcing strict emission standards and providing incentives for green equipment. In response, manufacturers are making big bets on alternative powertrains, AI-based fleet management technology, and smart load handling solutions. These technologies are designed to enhance operation efficiency, lower fuel consumption, and address changing regulatory mandates. Firms that successfully incorporate leading-edge technology along with cost-effectiveness and dependability will continue to survive in the fast-changing telehandler market.
 

Telehandler Industry News

• In February 2025, Manitou launched the MTA 1242 MAX and MTA 1242 MAX E74 telehandlers with the goal of providing construction companies with more power, stability and efficiency. These models were targeted at rental companies and construction fleet managers because of the offer enhanced reach with high maintenance efficiency. With heavy-duty hoisting outriggers that varied between mid-range heights of 2,500 to 4,000 lbs, these machines were able to B800 to 2,000 lbs. The MTA 1242 MAX fully demonstrates superlative attributes with its combination of maximum lift height of 42 feet and weight capacity of 12,000 pounds – ideal for more demanding job sites.
   
• In February 2025, New Holland launched the TH6.26 compact telehandler in the US market that is an excellent addition to the company's telehandler lineup. The new telehandler was created to handle multiple tasks like loading hay bails or even feed and manure. Because of its compact size and tough performance, the unit was perfectly suited for dairy and livestock farms, landscape contracting companies, and material handling operations.
   
• In January 2025, Caterpillar Inc. launched its second generation of Cat Telehandlers. Engineered for retail and rental customers. The new models Cat TH0642, TH0842, TH1055, and TH1255 replaced the TL642, TL943, TL1055, and TL1255 machines. The telehandlers had the 100 hp (74.4 kW) Cat C3.6TA engine, turbocharged, aftercooled, and U.S. EPA Tier 3 emission certified.
• In September 2024,  Magni Telescopic Handlers, a provider of rotating, fixed boom, and heavy lift telehandlers, partnered with Gap Power. Under this partnership, GAP POWER, located in southeastern Pennsylvania, became an authorized dealer with the Rental Company for Telehandlers, RTH Rotating Telehandlers, HTH Heavy Lift, and more, which were all added to the local rental fleet.
   

This telehandler market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) and shipment (Units) from 2021 to 2034, for the following segments:

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Market, By Product

• Large telehandler
• Compact telehandler

Market, By Type

• Engine-powered
• Electric

Market, By Lifting Capacity

• Below 3 tons
• 3-10 tons
• Above 10 tons

Market, By Application

• Rental
• Construction & mining
• Agriculture
• Industrial
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • UAE
  • South Africa
  • Saudi Arabia