Telehandler Market Research Report

Telehandlers are versatile material handling equipment widely used in construction, agriculture, industry, mining, and quarrying. According to a recent market research report, the global telehandler market is estimated to be worth USD 6449.6 million in 2022 and is expected to reach USD 8938.1 million by 2029, at a compound annual growth rate (CAGR) of 4.8% during 2023-2029. North America and Europe are the major markets, accounting for approximately 75% of the global market share.

In the Chinese market, the development of telehandlers is driven by infrastructure development and economic growth, and the market demand is gradually increasing. Research and analysis of the ultra-compact telescopic forklift market in China shows that the market has diversified needs in terms of different lifting capacities and applications.

Technological trends, including the application of new technologies and materials, will have a significant impact on the future of the market. The market research report provides analysis of the current state of the market and forecasts of future trends using a combination of quantitative and qualitative research methods to help companies understand product information and develop effective market strategies.

Taken together, the above information shows that the telescopic boom forklift truck market is showing a steady growth trend worldwide, especially in the Chinese market, which has huge market potential with the continuous development of the economy and infrastructure construction. Companies should pay attention to technological innovation and changes in market demand when entering or expanding in order to adapt to the development of the market.

In-depth research

Who are the major competitors in the global telehandlers market?

Key competitors in the global telescopic forklift market includeManitou in France

JCB in the UK

Merlo in Italy

CNH Industrial in the UK

Dieci in the US

JLG Industries in the USA

Genie, USA

XTREME, USA

Doosan Infracore in Korea

Wacker Neuson in Germany.

These companies are ranked among the top 10 in the global telescopic boom forklift truck manufacturers list 2023 and have significant competitiveness and market share in the market.

What are the key drivers of the China telescopic boom forklift truck market?

The key drivers of the China telescopic boom forklift truck market include:

Increased investment in infrastructure development: with the rapid development of logistics and warehousing industries, the application scope of telescopic boom forklift trucks has been further expanded, especially in the fields of e-commerce, manufacturing and construction industries, the demand for efficient and reliable material handling equipment is growing.

Technological innovation and product upgrading: the continuous progress of science and technology improves the performance and efficiency of telescopic boom forklift trucks, and the application of intelligent control system and sensor technology realises the functions of precise operation, automated operation and fault warning, which improves the working efficiency and safety.

Enhancement of environmental awareness: the growing importance of global environmental protection to promote the development of electric telehandler market, electric equipment as environmental protection, energy-saving material handling equipment, favoured by more and more users, the government's environmental policy support also provides a guarantee for the development of this market.

The guidance of government policy: the government's policy guidance in environmental protection and production safety for the telescopic boom forklift market has brought new opportunities for development, especially in the context of the government to increase investment in infrastructure construction, the market demand growth is significant.

These factors together drive the growth of China's telescopic boom forklift market, and is expected to continue to expand the market size in the future.

What are the new trends in the technological development of telescopic boom forklift trucks?

The technological development trends of telescopic boom forklift trucks are mainly reflected in the following aspects:

Energy transition and hydrogen power technology: With the global focus on low carbon emissions, the telehandler industry is accelerating its energy transition. For example, Manitou Group has launched a hydrogen-powered telescopic boom forklift prototype to reduce greenhouse gas emissions, and plans to introduce 100% hydrogen-powered telescopic boom forklift trucks to the market in 2026.

Intelligence and automation: Intelligence and automation are important developments in the telescopic boom forklift industry. Advances in technology, such as the application of computer technology, sensor technology and artificial intelligence, enable telescopic boom forklift trucks to achieve a higher level of automated operation, improve work efficiency and reduce labour costs.

Environmental protection and energy saving: environmental protection and energy saving have become an important trend in the telescopic boom forklift industry. Enterprises are researching and developing new equipment with energy-saving and emission reduction functions to reduce energy consumption and emissions by adopting advanced power systems and environmentally friendly materials, so as to meet the market demand for green and low-carbon logistics equipment.

Technological innovation and product upgrading: technological innovation is the key to promoting the progress of the telescopic boom forklift industry. Enterprises continue to enhance their competitiveness by introducing advanced manufacturing processes, optimising product design and improving product quality, and launching new products to meet market demand.

Growth of market demand: The growth of global trade and the improvement of logistics demand provide the telescopic boom forklift truck market with more space for development. Meanwhile, the continuous advancement of technology will drive the continuous improvement of products in terms of performance, efficiency and quality.

These trends indicate that the telescopic boom forklift industry is developing in the direction of being more environmentally friendly, intelligent and efficient. Companies need to keep innovating to adapt to market changes and technological advances.